Bam! A Dollar For Your Thoughts. C’mon Matt. Not News. Great Business Model. Weed. Update Venezuela.
#Armageddon – I thought this was a movie from long ago. Not. NASA and other space agencies are now reporting that on April 3, less than two months from now, there is a very remote chance of an asteroid striking earth. It has happened many times but not anywhere close to what scientists have now calculated. It seems that Asteroid #MV67 is as tall as the Eiffel Tower and weighs 222,000,000 tons. Its speed, once it passes through Earth’s atmosphere, will increase to 39,000 mph. It’s impact could mimic an explosion equal to 7,900 million tons of TNT. Can someone please reply with what that means in terms of the impact on earth?
People in dire straits. Not just in Sub-Sahara Africa, but in areas of the United States, South America and Japan, where the nuclear plant meltdown due to a tsunami has left a city looking like a vast wasteland. Money is not the fix to all human strife, but millions of dollars allocated the right way can go a long way in helping people in need. Speaking of millions of dollars, Japan is hosting the 2020 Olympic Games. Good for their pride and maybe their economy, though we all know that in too many instances once the Games are completed, some host cities are left with a lot of unusable infrastructure. The Olympic Games were once the epitome of sports competition but like other large events, the commercialization of the Games is in my opinion out of control. Here is one example: The Japanese Olympic Committee has reported that $117 million will be spent on the Olympics…..not the competition but just on the opening and closing ceremonies. Wrong in so many ways. #JapanOlympics
Matt Kuchar – you may be right and you may be wrong. Unfortunately, your caddie thinks you are wrong. The backstory: Kuchar won a golf tournament in December with winnings north of $1M. The average cut to a caddie is somewhere between 5 and 10% but Kuchar ‘cut a deal’ with the caddie to take $5,000 for the week. Obviously, the caddie thought that the deal he accepted was unacceptable so he took to social media to publicize his displeasure with Kuchar’s tip. Matt Kuchar is now enrolled in Public Relations 101 at his nearby community college.
With all the news of recent, some good and not so good, many media outlets have made Brad Pitt’s apology to Jennifer Anniston news. No, this is not news and why would anyone care that Pitt supposedly apologized to Anniston for the way he handled their divorce? If this is news of interest to you please see your counselor of choice.
Ahead of their expected initial public offering, Uber reported $3B in 4th quarter 2018 revenue – with a net loss of $865M for the same quarter. Yes, an $865M loss on $3B in revenue. Nice business model.
The marijuana business is booming. Not specifically the cannabis, but the vast service suppliers such as real estate investment trust Innovative Industrial Properties. As a benchmark the S&P 500 returned 8% in January, with Innovative Industrial Properties hitting a month-end return above 36%. Who would have thought that weed could be our next booming industry?
As I mentioned last week, Venezuela is in deep sorrow. This week, the United States has sent an additional 200 tons of humanitarian aid to the Venezuelan border in Colombia. With their esteemed dictator not allowing the aid to reach the people of his country, civilian-led assistance is leading the way to get this food and medical supplies to the needy. So the leader of the country prohibits the aid to reach his people – are there not ramifications to that type of disgusting behavior? #NicolasMaduro
Daylight Savings Time: Three weeks and counting.
Adios and Have a Funday Sunday!