“How was he as a captain?” I asked yesterday after she told me she crewed for Ted Turner. “He was excellent,” she said, describing how she sailed with him twelve-or-so years after his 1977 America’s Cup win on the Sparkman & Stephens 12-meter Courageous in Newport, RI. “He wanted the boat run his way, but […]

Ted Turner: There’s Nothing Wrong with Making Money Slowly (Part 24)
E.J. Smith

The US Bureau of Labor Statistics reported that the US economy added 115,000 jobs in April 2026, while the unemployment rate remained unchanged at 4.3%. Job growth was led by health care, transportation and warehousing, retail trade, and social assistance. Federal government employment continued to decline, falling by 9,000 jobs in April and by 348,000 […]

US Economy Adds 115,000 Jobs as Unemployment Holds at 4.3%
Dick Young

Poland and other European countries are increasingly treating energy infrastructure as a security target amid growing risks from war, sabotage, and cyberattacks linked to the Russia–Ukraine conflict, reports the Insurance Journal. In Poland, the grid operator Polskie Sieci Elektroenergetyczne uses surveillance helicopters and advanced sensors to monitor power lines for tampering or threats. Similar measures […]

Energy Infrastructure Becomes a New Battlefield in Europe
Young Research

The US Department of the Interior has transferred about 1.4 million acres of land along Alaska’s Dalton Utility Corridor to the State of Alaska, advancing long-standing statehood land entitlements under the Alaska Statehood Act. The move completes more than 96% of Alaska’s total land selection rights and gives the state greater control over key resource-rich […]

Massive Alaska Land Deal Boosts Energy and Resource Development Plans
Young Research

In Your Survival Guy and Gal’s kitchen, under the cabinets, hangs a small picture that tells a big story. It’s of the late owner of the Trenton Bridge Lobster Pound holding a net full of lobsters freshly steamed and ready to be cracked and dipped into warm melted butter and washed down with an ice-cold […]

Harley Davidson: Are You Spending Your Money Foolishly? (Part 15)
E.J. Smith

Gov. Kathy Hochul announced that New York leaders have reached a tentative agreement on a $268 billion state budget more than five weeks after the deadline, according to The New York Times. The plan includes expanded child care funding, new restrictions on cooperation with federal immigration enforcement, and a new tax surcharge on multimillion-dollar second […]

New York’s Massive Budget Adds Wealth Tax Twist
Dick Young

The US Energy Information Administration reported that the United States exported nearly 50,000 barrels per day of renewable diesel and other biofuels—including sustainable aviation fuel (SAF)—during the second half of 2025, equal to about 20% of total production. Canada received roughly half of these exports, while most of the remainder went to Europe, particularly the […]

Canada and Europe Drive Record US Renewable Diesel Exports
Dick Young

Apple has agreed to a $250 million settlement to resolve a class-action lawsuit alleging it misled customers about advanced AI-powered Siri features promoted alongside the iPhone 15 Pro and iPhone 16 lineup, according to Wired. Plaintiffs claimed Apple advertised enhanced “Apple Intelligence” capabilities that were delayed or unavailable at launch, leading consumers to buy devices […]

Apple Agrees to $250 Million Siri AI Settlement
Young Research

The US Bureau of Labor Statistics reported that US nonfarm business labor productivity rose 0.8% in the first quarter of 2026, driven by a 1.5% increase in output and a 0.7% rise in hours worked. Compared with a year earlier, productivity was up 2.9%. Unit labor costs increased 2.3% during the quarter as hourly compensation […]

US Productivity Rises as Manufacturing Output Gains Strength
Young Research

Your Survival Guy was speaking with a client yesterday, and he said to me, “You know, I was talking with a friend the other day, and I wrote this down because I wanted to share it with you. I said to him, ‘Money can bring you happiness.’ He agreed and added, ‘and peace of mind.’” […]

Happy? Are You Spending Your Money Foolishly? (Part 14)
E.J. Smith

Panama has taken control of key container terminals from CK Hutchison after its contracts were ruled unconstitutional, and is preparing to rebid the concessions for the strategic ports of Balboa and Cristobal near the Panama Canal. While major global operators—including APM Terminals, DP World, Mediterranean Shipping Company, PSA International, and International Container Terminal Services Inc.—are […]

High Stakes at Panama Canal as Bidding Process Draws Scrutiny
Dick Young

The North American Electric Reliability Corporation (NERC) has released a report titled “Reliability Guideline: Risk Mitigation for Emerging Large Loads”, addressing growing risks to the bulk power system from rapidly increasing high-demand electricity users such as data centers and industrial computing facilities. The report highlights that these large loads can cause sudden, second-scale fluctuations in […]

NERC Issues New Guidance on Large Load Grid Risks
Dick Young

The United Arab Emirates explains its decision to leave the Organization of the Petroleum Exporting Countries as part of a long-term shift away from dependence on oil toward a diversified, global economy. Once heavily reliant on oil, the UAE now generates less than a quarter of its GDP from energy, with growth in sectors like […]

UAE Outgrows OPEC as It Pursues New Global Ambitions
Young Research

NVIDIA has acquired about $500 million worth of rights to purchase shares in Corning as part of a broader strategic partnership focused on expanding AI infrastructure, reports Bloomberg. The deal gives Nvidia the option to buy millions of Corning shares at a set price, while supporting Corning’s plans to scale up production of fiber-optic technology […]

Nvidia Makes $500M Bet on Corning for AI Infrastructure
Young Research

If you’re worried about jet lag going to Paris, don’t worry, you can have a plan B. Arrive by boat. Your Survival Guy and Gal did just that a couple of years ago, leaving New York and arriving in England days later. And we weren’t exactly roughing it on the Queen Mary 2. Doing a […]

Someone’s Gotta Do It: Are You Spending Your Money Foolishly? (Part 13)
E.J. Smith

Electricity demand in Virginia has increased sharply, with commercial sales rising by nearly 30 million megawatthours from 2019 to 2025, driven largely by rapid data center growth, along with electric vehicles and building electrification. The US Energy Information Administration reports that peak demand in the state’s Dominion zone has also climbed, rising 23% in summer […]

Virginia Is Epicenter of US Electricity Demand Growth
Dick Young

New single-family home sales showed a modest rebound in February and March 2026, as easing weather disruptions and seasonal demand helped lift activity across the US The March sales pace rose to a seasonally adjusted annual rate of about 682,000 units, up from February, according to Census Bureau data reported by Realtor.com. Despite the improvement, […]

US New Home Sales Edge Higher
Young Research

The US goods and services trade deficit widened to $60.3 billion in March, up $2.5 billion from February, as exports rose to $320.9 billion and imports increased to $381.2 billion, according to the US Census Bureau and US Bureau of Economic Analysis. The increase was driven by a larger goods deficit, partially offset by a […]

US Trade Deficit Widens to $60.3 Billion in March
Young Research

Maersk said its US-flagged vessel Alliance Fairfax successfully transited the Strait of Hormuz under US military protection as part of “Project Freedom,” aimed at reopening the strategic waterway after shipping was disrupted by the U.S.-Iran conflict. The ship had been stranded since February, CNBC reported. The Strait of Hormuz—normally handling about 20% of global oil […]

Commercial Shipping Resumes Through Strait Amid Military Protection
Young Research

As you wake up from your dream state, you know you’re getting closer to the heart of Paris when you see little blue and white street signs, or plaques de rue, on the corners of buildings. Each one features the street name, arrondissement number, and sometimes historical context. Paris is divided into arrondissements or districts, […]

Bonne Nuit: Are You Spending Your Money Foolishly? (Part 12)
E.J. Smith