DID YOU KNOW? Chatter has emerged defining the economy now as experiencing a 'rolling recession'.....A rolling recession occurs when the recession only affects certain sectors of the economy at a time. As one sector enters recovery, the slowdown will ‘roll’ into another part of the economy. On the whole, rolling recessions occur regardless of nationwide or statewide economic recession, and the effects may not be in the national economic measures (e.g.GDP)
DID YOU KNOW? Oklahoma had 562 earthquakes of magnitude 3.0 or greater in 2014; California had 180. Alaska, Texas, Hawaii, Oregon, and other parts of the US have seismic activity lesser known than California's. California's building has extensive codes related to mitigating future earthquakes. Japan, Chile, China, Italy, Mexico, Peru, Turkey and other countries vulnerable to earthquakes have adopted the technologies to varying degrees, especially foundations that absorb ground movement. Base isolators are like shock absorbers between the building and the ground motion, letting a building slide back and forth while remaining upright during a quake. Here is a seismic activity map.
DID YOU KNOW? A multiyear federal study concluded that fixing buildings after an earthquake costs four times more than building them more strongly in the first place. Apple's California spaceship headquarters is the Rolls-Royce of base-isolated buildings. (NY TIMES)
DID YOU KNOW? Tesla is launching Tesla Electric to become an electricity retailer through Powerwall owners, starting with markets in Texas where the company has moved its headquarters. Tesla is actively and automatically buying and selling electricity for Powerwall owners to provide a buffer against peak electricity prices. Smart grid Tech may make your roof a power company….
DID YOU KNOW? Saudi Arabia - one of the world’s largest oil producers - has a target of 30% of all vehicles in Riyadh to be powered by batteries by 2030. Saudi electricity generation is 40% from oil, 52% from natural gas and 8% from steam..... The Saudi energy company and Public Investment Fund will develop and build a 2,060 megawatt solar plant in western Saudi Arabia. In Texas - also a massive oil producer - ranks first in wind energy, generating nearly 3x as much as the next state... and is 5th in solar energy generation.
DID YOU KNOW? Canada has banned foreign buyers from buying real estate in their attempts to keep home pricing more accessible for locals......so builders have cut back construction.....which is certain to keep prices high and rising.....UGH!
DID YOU KNOW? A recent CEO survey revised the expectations of a deep recession from 13% to only 5%. 95% expect a mild recession. The big question is how the consumer holds up as consumer spending represents almost 70% of our economy. (CNBC)