One Third of US GDP Is Concentrated in Just 1% of US Counties & How This Effects Elections

In this short clip Fareed Zakaria explains that just 1% of US counties produce nearly one third of US output.  These numbers were generated by Bloomberg from new statistics from the US Bureau of Economic Analysis report. “…Just 31 counties, or the top 1% by share, made up 32.3% of U.S. gross domestic product in 2018… That’s despite these counties only having 26.1% of employed Americans and 21.9% of the population last year. SOURCE Put another way, 22% of American’s…

Process vs Strategy: Why Generalists Will Rule The World

In the video below, author David Epstein explains why being a specialist is generally (see what we did there 😉) a bad idea.  Conventional wisdom is that specializing in a subcategory offers the best path to both personal and financial success.  For example: an engineer focusing only on bridge construction an mathematician becoming a financial quant a computer coder becoming an expert on one language In todays world, specialties are expensive and repetitive making them ideal candidates for automation: Artificial…

A Tale of Two Industries: Oil vs Automotive Sectors

Much is made of the auto sector in both the US and Canada.  It is thought of as the manufacturing heart of both countries and is fundamental to the ongoing success of the economy.  On the flip side of that, the oil and gas energy industry is socially and politically considered far less important. The energy industry is seen almost as a utility; something that is always there and does not require much attention whereas the auto industry is perceived…

VIDEO: Trump Impeachment? Politicians Voting Conscience Rather Party Do NOT Lose Future Elections

Conventional wisdom says that any American politician that votes against their party’s position will be severely punished by voters and loose the next election.  However, that facts do not support this. From Civil Rights, to the War in Afghanistan, to Medicare, to Gun Control, those politicians that voted against their party to take a principled stand have won re-election. These historical results explained by Jon Meacham, author of the 2019 book IMPEACHMENT: An Amercian History, may be helpful to those…

VIDEO: The Environmental Case to Canadian & American Energy

To someone living in the US or Canada, it probably appears that the whole world wants to shut down the oil and gas energy industry, but a slightly closer look shows nothing is further from the truth.  Western energy is correctly considered the both the saviour of the third world and the environment. Rex Murphy recently interviewed Modern Resources CEO Chris Slubicki in a deep dive into the how oil and gas from the western world, specifically, Canada, the US…

VIDEO: Complete Audio & Text of Phone Conversation Between US President Trump & Ukrainian President Zelensky

This is a followup to our article: Anatomy of an Impeachment: The Complete Timeline of the Biden Ukriane Trump Inquiry The basis of the impeachment of US President Trump is a conversation with Ukrainian President Volodymr Zelensky but very few people have heard an audio recording of the call. Because no audio recording of the original has been released, we decided to use computers to read the transcript.  This has the advantage of depersonalizing the exchange and hopefully allows you…

VIDEO: What is Peer to Peer Lending & How Does It Work?

If you want to make more than 5% interest these days, you are going to need to look at something other than stocks and bonds. In the simplest terms, Peer to Peer Lending connects borrowers with lenders directly.  The idea is to remove large and slow banks that typically collect deposits and lend money, from the equation and allow lenders and borrowers to talk directly. Banks have so many rules and regulations to follow (which is a good thing because…

VIDEO: Mike Bloomberg’s Campaign Manager Explains How The US Democratic Primary System is Flawed

In this video Mike Bloomberg‘s Campaign Manager explains how the US Democratic primary system causes candidates to spend the vast majority of their time and money resources in States that will eventually vote Republican in the general election. MACHINE TRANSCRIPTION: [00:00:00] – Christiane Amanpour Kevin Sheekey is Michael Bloomberg‘s campaign manager and he’s joining me now. Kevin Sheekey, welcome. And I have to ask you the Ted Kennedy question if anybody remembers that. Why does he want to be president.…

VIDEO: Bloomberg’s Campaign Manager Explains That Michael Is Self Made Man & Not Billionaire Debutant

In this 3 minute clip Mike Bloomberg’s campaign manager explains Michaels background as a self made man and not self interested rich punk trying to buy the 2020 US Presidential election. MACHINE TRANSCRIPTION: [00:00:00] – Christiane Amanpour Kevin Sheekey is Michael Bloomberg’s campaign manager and he’s joining me now. I have interviewed Mike Bloomberg when he was mayor and as head of his foundation on many issues that as you say he’s been very successful on moving the dial climate…

VIDEO: More With Less: The End of Enviromental Crisis Is Now In Sight But Won’t Happen Tomorrow

The United States is now produced more physical things (i.e. cars, buildings, clocks…) than it has at any time in its history but it actually REDUCING the amount of materials taken from the ground to do it. One word explains how can that came about: efficiency. There is still absolutely vast amounts of work to be done to improve our global situation but there is now more than just blind hope that new technology will save our collective futures. Our…

VIDEO: Microsoft Increased Productivity 40% in Japan By Taking Fridays Off

It may be counter intuitive but Microsoft actually increased output by 40% in its 2500 person Japanese operations by mandating three day weekends in August 2019.  Most of the performance gains came from: reduced meeting length the majority of meetings changed from one hour meetings to 30 minute meetings having more remote meetings primarily using Microsoft Teams More than 90% of staff said they preferred the 4 day work week to the traditional 5 day and Microsoft intends to run…

VIDEO: $16/Hour Wage Requirement in USMCA / NAFTA2 Explained

The new NAFTA (aka North American Free Trade Agreement or United States Mexico Canada Agreement) has an interesting minimum wage requirement that is not well understood.  Here are the key facts: USD $16/hour wage minimum is required on 40% of the components in cars and 45% of the components on trucks The $16/hour is required to be paid by the manufacturer to its EMPLOYEES and not the contracted suppliers to companies like GM, Chrysler and Ford $1.60 of that $16/hour…

What is the Difference Between Minority and Coalition Government?

The most straightforward form of government is a “majority” government.  Majorities occur when a single party receives more than 50% of the seats.  Minority and Coalition governments occur when a natural majority was not achieved, but what is the difference? What is a Minority Government: A minority government is formed when the party that wins the most seats, but less than 50% of the total, informally agrees to work another party (or parties) on specific areas of agreement to archive…

Can Oil Pipelines Be Used To Transport Other Materials?

What happens to oil pipelines in a post oil world?  Many people think the massive expenditures in pipelines result in a permanent oil infrastructure.  The fact is that pipelines originally constructed to move oil are both reversed and repurposed all the time. The graphic to the right is from 2014 and shows that oil pipeline reversals and repurposing are not new. Here are some real world examples about what happens to old oil/gas pipelines. PIPELINE REVERSALS: Enbridge ‘Line 9’ reversed the…

Are Tesla’s New v3 SuperChargers The Real Path To Profitability?

It has been noted that during the gold rush most miners did not get rich, but the people who sold them their pick axes and dynamite certainty did.  In the same vein Google has said it is not those with the most powerful computers that will win in the future, it is those with the most data.  Perhaps electric cars are the same. Tesla just released amazing new version 3 electric charging stations in Regina Saskatchewan Canada: “…The new stations…