How a small-town Alaska grocer kept prices even, raised pay during the pandemic

batucity

To get a gallon of milk to Southeastern Alaska, grocer Max Rule first has to know he’s going to need it about two weeks ahead of time. 

When his creamy clairvoyance decides he does, he places an order with a wholesale company, which ensures the milk is plucked off a shelf, packed onto a truck with the rest of Rule’s groceries and driven to a port in Seattle. There, the milk, now inside a 45-foot semi-trailer, is loaded onto a barge and towed by a tug boat up the West Coast and around the boundary islands of British Columbia, making stops in other remote Alaskan areas before pulling into Sitka’s dock on either Monday or Wednesday.

In the final leg of the milk’s adventure, the full trailer is placed on a chassis, motored to Rule’s store, unpacked and put on a shelf – primed and ready for a lucky Alaskan’s

Read More

Fed Action Accelerates Boom-Bust Cycle; Not A Virus Crisis

batucity

The Federal Reserve announced that they were ready to support the stock market and provide backup for financial institutions that might encounter difficulties.

The big day arrived and, other than an occasional glitch that seemed to be unrelated to the heightened global fears, the birth of the new century was pretty much uneventful. Overall, the markets remained relatively quiet. However, trouble was still brewing.

The hyper-bullish technology stock sector was about to reverse its nearly decade-long run to unsupportable and overly optimistic highs. At the center of the hype and fascination were new companies, headed by twenty-something geniuses. They were referred to as startups.

The multiples of earnings that normally applied in order to assess value of these companies was thrown aside. That is because most of them did not have any earnings.

Nevertheless, they were attractive enough to garner huge crowds of support.  Just the hint of a revolutionary

Read More

These 49 Countries Are Spending the Most on Coronavirus

batucity

It’s hard to measure the price of a global pandemic. If we were to try, it might be some great concoction of sky-high unemployment rates, ruined investment portfolios, businesses who may never open their doors again, and of course, the loss of human life that can never be recovered. 

While we can’t truly determine what the coronavirus has cost us as human beings, we can look at what it’s costing countries around the world. Using data from the U.S. News and World Report, International Monetary Fund, World Bank and United Nations, GOBankingRates found the 49 countries that are spending the most on the coronavirus outbreak. As of early May, these countries all had at least 5,000 confirmed cases of COVID-19 and were taking fiscal action to try to stem the damage. 

The study is ranked from countries spending the least on coronavirus to countries spending the most — not in Read More

Edited Transcript of SPGI earnings conference call or presentation 28-Apr-20 12:30pm GMT

batucity

NEW YORK May 18, 2020 (Thomson StreetEvents) — Edited Transcript of S&P Global Inc earnings conference call or presentation Tuesday, April 28, 2020 at 12:30:00pm GMT

* Douglas L. Peterson

S&P Global Inc. – President, CEO & Executive Director

S&P Global Inc. – Executive VP & CFO

* Robert S. Merritt

S&P Global Inc. – SVP of IR

UBS Investment Bank, Research Division – Executive Director and Equity Research Analyst of Exchanges, Ebrokers

* Y. Cho

Good morning, and welcome to S&P Global’s First Quarter 2020 Earnings Conference Call. I’d like to inform you this call is being recorded for broadcast. (Operator Instructions) To access the webcast and slides, go to investor.spglobal.com. (Operator Instructions)

I would now like to introduce Mr. Chip Merritt, Senior Vice President of Investor Relations for S&P Global. Sir, you may begin.

Robert S. Merritt, S&P Global Inc. – SVP of IR [2]

Thank you for … Read More