Chriss W. Street - Page 27

Despite huge push-back Breitbart News received for warning April 1 that spiking lithium price inflation could seriously damage or destroy Tesla Motors, Inc.’s business model, Goldman Sachs has declared a new bull market in lithium, reflecting rising prices.

Overheated tropical waters in the Pacific are set to flip to a cooling phase that will say goodbye to the docile little boy called “El Niño” and prepare for his rambunctious little sister, “La Niña.”

Despite expectations by the 325,000 Tesla Model 3 buyers that put down preorder deposits they would get $10,000 in federal and state rebates, it appears that all of them will get stiffed.

With 700-square-foot San Francisco condos selling for $1 million, the North San Joaquin Valley, which stretches through Merced, Stanislaus and San Joaquin counties, is the new Silicon Valley suburbs.

Marin County Democrat Assemblyman Marc Levine is moving forward legislation aimed at unionizing models and having the Labor Commission regulate their bodies.

Although the Obama Administration is celebrating the longest consecutive period of unemployment claims under 300,000 since 1973, one major reason claims are low is that a record 93,175,000 mostly younger Americans have been squeezed out of the workforce.

The “everything is awesome” UCLA Anderson Forecast just predicted that over the next two years, technological advancements from California will make U.S businesses more productive and double the national growth rate.

Interest rates on President Barack Obama’s federal debts will double over the next decade, forcing American taxpayers to spend $776 billion on extra interest payments by 2026, according to a new report by the Congressional Budget Office.

The $12.6 billion in pre-orders for the Tesla Model 3 on Mar. 31 demonstrates that Tesla Motors Inc. can produce incredible hype. But a day later, the company filed disclosure with the SEC admitting that it missed first quarter vehicle deliveries by almost 10 percent.

Tesla Motors Inc. caused a sensation by picking up $300 million in Model 3 customer deposit cash in just 96 hours this week. The hidden story: that money may have rescued Tesla from a precarious negative working capital crisis. Tesla now has the opportunity to become a profitable car company for the first time.

Cybersecurity leader SecureWorks Corp. may be the first tech IPO filing that actually completes an initial public offering (IPO) in 2016.

Although unions claim that the State of California’s approval of a $15 minimum wage was about people power, at least five Democrat legislators shared $48,700 in union campaign cash the day they voted for the bill.

The glamour of the Tesla Model 3 premier this week created a huge surge in orders, but with commodity lithium prices used in Tesla batteries spiking 20 percent and expected to jump another 20 percent, inflationary costs may ruin Tesla’s electric car business.

Fox Business Network will broadcast the Libertarian Party’s first televised debate on the evening of April 1 as a kick-off for the California Libertarian Party Convention at the Los Angeles Airport Hilton.

Apple Inc. is about to suffer huge reputational risk, now that the FBI is taking its new capability to hack encrypted Apple products on the road to help other law enforcement agencies.

Videos taken by two amateur astronomers in mid-March show a meteor strike on the rings of Jupiter that could have been a planetary extinction event if an object of similar size hit Earth.

The U.S. Department of Justice strategically dropped its lawsuit against Apple Computer to gain access to data on the iPhone of the San Bernardino terrorists, but the FBI will never give up its quest to obtain manufacturer agreements for software “backdoors.”

Fitch Ratings downgraded the City of Chicago’s credit rating to just one step above “junk bonds” on March 28.

In a blockbuster ruling by the California Supreme Court that could be a disaster for the $8.7 trillion mortgage bond market, defaulted borrowers can now sue to void a “wrongful foreclosure” if the assignment of their note and deed of trust bore any defects.

California Gov. Jerry Brown has surrendered after claiming he would fight a $15 wage that would devastate California’s state budget by adding $4 billion in cost. He now supports the Democrat-controlled legislature’s $15-per-hour minimum wage — which won’t be effective until he is out of office.

Government accounting rules have forced a California audit that has revealed an increase in the “debt” it owes for pension liability by 2,000 percent this year. The state could nearly double the debt again next year when it is forced to account for unfunded retiree health benefits.

New evidence is emerging that virtual currencies and distributed ledgers, like bitcoin, are gaining strength in emerging economies by cutting out huge fees charged by local banks and financial institutions.

With 42 percent of U.S. workers making less than $15 an hour, the union-led “living wage initiative” that just qualified for the California ballot in November is generating opposition from business — and Governor Jerry Brown.

With the U.S. taxpayer guaranteeing $1.2 trillion of student loans, only about half are being repaid.

California is the second-most expensive state to own a car, when adding in the purchase price, taxes, insurance premiums and maintenance costs — and Governor Jerry Brown is looking to regain the top crown.

Silicon Valley’s Intel Corporation announced that Andrew S. Grove, former Chairman, CEO, and a 1968 company founder, passed away at the age of 79 on March 21.

A rapid 50 percent increase in the price for U.S. oil to $41 a barrel has set the stage for the second leg of the U.S. fracking boom.

With the U.S. General Accounting Office reporting massive fraud in Obamacare potentially bankrupting most state exchanges, Covered California just announced it will restrict access to doctors and hospitals to slash costs.

Although President Obama on arrival in communist Cuba said he was “confident” the U.S. embargo would end and the two nations would normalize trade, the only immediate opportunity seems to be Airbnb, which is already offering thousands of rentals.

The Justice Department on March 21 asked for a delay in hearing its motion to compel Apple to help the FBI write a “backdoor” hack for all iPhones.

Twitter celebrated its 10-year anniversary on March 21 with a perfect record of losing money every quarter. The company has rung-up over $2 billion in losses for the decade.

Secretary of State Hillary Clinton rejected a hacker-protected cellphone developed by General Dynamics once the National Security Agency declined to give her the same “special secure” BlackBerry that President Barack Obama carried.

Just hours after Chicago’s Tribune Publishing won a bankruptcy auction to acquire the serially bankrupt Orange County Register, the U.S. Department of Justice filed a lawsuit to block the deal on antitrust grounds. Digital First Media may win the auction instead.

Google told the U.S. Senate Commerce Committee that Congress must fast-track self-driving cars by waiving states’ rights with a federal takeover of all roads and highways, the better to keep America ahead of Europe, China, and Japan, which are “hot on our heels.”

Santa Barbara County, Kern County, Fresno County, San Mateo County and Ventura County now spend about 10 percent or more of their total revenue on pension contributions, according to a new study.

Despite Barack and Michelle Obama trying to politicize Austin’s South by Southwest music and entrepreneurship festival, the most catalytic presentation was the triumphant return of the Powerpuff Girls.