Put the Twin Cities in the 2/3 of the country NOT affected by Sandy. Directly, that is. With all air travel to the East Coast cancelled, financial markets closed, and all manner of media focused on the storm, its centripetal pull easily reaches this far (and beyond). Thanks to the Internet and social media, those...Read More
Supply, Demand, and the Price of Electricity “Xcel Energy reported a 17 percent jump in earnings per share for the third quarter, but warned that electricity sales remain slack, and that it will seek a Minnesota rate increase.” —Star Tribune (10/26/2012). OK, so it’s been 30(!) years since I studied economics in college. And I...Read More
Unfortunately, that last one doesn’t go with the first two — especially at the beginning of the season (by the end, you’re inured to it, and just go about your routine regardless). With a blustery, cold day in store for the Twin Cities, most home sellers aren’t likely to see much activity today (my guess)....Read More
Wall Street’s “Daily” Election Judging by today’s nasty stock market, I’m guessing President Obama won last night (if you haven’t noticed, the market seems to rally when Romney has an uptick, and falls when Obama does). That is, unless there’s some other economic or earnings news I haven’t caught up to yet. P.S.: My...Read More
“Except for That, Mrs. Lincoln Ms. Dargis . . .” * After all the sugar-coated reviews that bear no resemblance to the actual movie, you gotta love this take on Tyler Perry’s newest effort, “Alex Cross,” courtesy of The New York Times’ Manohla Dargis: “A grim, dispiritingly stupid waste of time, energy, money and talent. In order to sucker anyone...Read More
Penny Stock? Hardly One of the, umm . . . downsides of sporting a 3-digit share price is that the gyrations are bigger, too (at least nominally). So, Google’s stock dropped $68 a share today immediately after disclosing that their latest quarterly earnings were disappointing. Make that, before they disclosed their quarterly earnings disappointment (their financial...Read More
