In February, Rivian announced it would be cutting 10% of its workforce, prompting Tesla CEO, Elon Musk, to opine over X that the company would go bankrupt in roughly 6 quarters at the current trajectory. Musk then added, for good measure, “They need to cut costs massively, and the exec teams need to live in the factory or they will die.” Although Tesla aims to begin producing a more affordable model, Musk also warned his investors that 2024 Tesla EV sales are likely to be “notably lower.” Tesla reported quarterly revenue of $25.17 billion, falling short of analyst estimates of $25.64 billion.

President Biden has been trying to have it both ways with energy policy. While simultaneously approving controversial drilling ventures, the President is now flirting with an LNG (liquified natural gas) export ban. In an attempt to appease the environmentalist flank of the party, the administration is taking a “second look” at the criteria employed to approve new LNG export projects. The US began shipping LNG exports in 2016 and now exports more than any other country. The President is in a thorny position as renewables are far from a viable replacement for oil and gas, something a portion of his base remains in wild disagreement with.

One of the factors investigators are looking into surrounding the Dali cargo ship crash into the Francis Scott Key Bridge in Baltimore is “dirty fuel.” An officer aboard the ship recounted the presence of a heavy smell of burning fuel in the engine room after one of the engines shut down. Dirty or contaminated fuel can create clogging issues with a vessel’s principal power generators.

As technology becomes more and more sophisticated, we will naturally see the categories of mother and father morph into a regime that renders biological ties to a child as merely incidental, effectively separating conjugal relations and conception. Legally, an interesting policy question emerges: Can a legal system hold by simultaneously recognizing procreation as well as “human agreements” of parental rights?

Roughly 18% of global trade volume passed through the two canals in 2023. Volvo and Tesla already halted vehicle production for two weeks in January due to parts shortages. Many apparel companies are turning to air delivery to ensure spring fashions arrive on time. In 2020 and 2021, shippers passed higher costs to consumers, fomenting inflation across an expansive basket of goods.

Artificial intelligence will continue to complement this rollout, providing small businesses with scalability and enhanced compliance. As AI ages, challenges with legal language and jargon are likely to subside, paving the way for widespread adoption of accounting software solutions by US small businesses.

When pharmaceutical patents expire, a revenue drop follows as generic drugs enter the market. Depending on the size of the revenue share for the company, an expiring pharmaceutical patent can be a drop akin to a handful of stairs or a cliff. Pharmaceutical patent cliffs are not new, but the size of the impending cliff has the industry concerned. By 2030, approximately 190 drugs will lose pharmaceutical patent protection. Historically speaking, the last decade also featured some pricey expirations.

Ships like the MSC Seascape are a big reason why Rees is having so much fun. “The difference in the cruise business from a few years ago is that now the attraction is the ship,” Rees notes. Galveston is home to some of the newest and most beautiful ships sailing today, including the newly built Carnival Jubilee, the Norwegian Prima and Royal Caribbean’s Oasis Class Harmony of the Seas.

This brings us back to our initial point - we can disinvest and reinvest ourselves immediately, but there will be consequences. There are always consequences. In the case of Oxford students, that would be cold dormitories. But it’s a whole lot worse for half of the world that depends desperately on stable electricity, heating, and a whole range of basic household needs. Energy has lifted millions out of poverty, and any threat to its stability would drive millions back into impoverished situations. It would be fantastic if a child living in a Lagos slum could study in the evening thanks to a wind farm’s electricity. But that’s not the case at the moment, and Lagos slums are not well-positioned to handle immediate supply shocks.

Ørsted is the largest energy company in Denmark and develops and operates a host of renewable energy projects. Few companies have felt the Charybdis delay snafu more than Ørsted after having chartered Charybdis for two wind farms off the coast of New York that required alternative and costly plans for both. Two other projects off the coast of New Jersey were also delayed. The demand for offshore wind farms continues to grow, but vessels remain scant.

In the aftermath of the 2008-2009 recession, interest rates were held down by increased savings from an aging population. Coupled with overall uncertainty, people were reticent to spend. This also resulted in less investment which ultimately ushered in a period of secular stagnation. The term “secular stagnation” initially appeared in the 1930s during the Great Recession. But it was Summers who revived it following the 2008 financial crisis.

The Black Georgetown Foundation (Mount Zion / Female Union Band Historic Memorial Park Inc.) is a nonprofit, 501(c)(3) tax-exempt organization incorporated in 2005 to jointly manage the preservation and commemoration of the Mt. Zion and Female Union Band Society Cemeteries. Active from 1808 to 1950 and historically African-American, the two cemeteries share a three-acre plot in Georgetown, Washington D.C. Despite being steeped in history, like many other African-American cemeteries wide-wide (as reported by the New York Times, Washington Post, Baltimore Sun among others) perpetual neglect has been widespread, disconcerting and in sharp contrast to the treatment of historically white cemeteries.

So the million/billion/trillion dollar first question for any nonprofit is - when to start? A car begins depreciating the second you drive it off the lot. Any business, nonprofits included, begins taking on risks the second they are operational. Following this logic, a risk management plan should be one of the first things trustees or founders focus on, right? Well, not so fast. When nonprofits find themselves in a nascent phase, for example, the focus is on viability. The project needs to get off the ground, attract funding, and deliver results if it’s going to be viable. If trustees and founders are diverting too much of their attention to risk mitigation and management plans, the all-too-important ideation and creativity that need to take place for the nonprofit to get off the ground will be compromised.

If we zoom out and look at global trade growth, there is little evidence to suggest we are in a deglobalization moment. At the onset of the pandemic global trade growth slowed, but it has since rebounded and is arguably at its highest value ever. Yet, viewed solely as a share of GDP, here is where we see a dip. Most of the dip can be explained by China and India. From roughly 2003 to 2010 both economies were exporting goods and services at a steady clip. India continued to climb but eventually began declining by 2013 while China has experienced an unvarying decline since 2010.

Back in the 1950s, if your parents or grandparents wanted to help a nonprofit, they did something that sounds completely baffling - they mailed a check. Your grandmother would sit down in that cubby desk where the only house phone resided, coupled with important documents in the drawer. She’d pull out her checkbook, endorse the check, and then put on her best dress to head off to the post office to mail in her contribution. The notion of transparency and trust in the 50s (and up to the 90s one could argue) was more or less assumed.