Investing in Energy Efficiency

I recently gave some basic energy saving tips that may help consumers lower their utility bills. One of those tips was considering replacing conventional lightbulbs with light emitting diodes, or LEDs.

I figured advice isn’t very good if I wouldn’t take it myself, so I bought two LEDs to replace two old-fashioned incandescent bulbs in the light fixture above my dining room table. It may sound like a boring chore, but it promises to deliver a far better return on my investment than any stock or bond I’m likely to buy. Continue reading “Investing in Energy Efficiency”

States Blaze Trail for Marijuana Reform

Few industries operate in a stranger legal and political environment than marijuana. While 33 states and Washington, D.C. have legalized pot for recreational and/or medical use, the federal government still considers it an illicit, controlled substance. In short, pot is simultaneously legal and illegal in these states, depending on the governmental perspective.

The situation has partially handcuffed a nascent industry that otherwise is thriving and shows even greater potential. Legal cannabis sales in the U.S. are expected to top $13 billion this year – $3 billion more than 2018. Look for sales to spike to almost $26 billion in 2025. Continue reading “States Blaze Trail for Marijuana Reform”

Cannabis Industry Has Big but Uncertain Potential

The future is bright for legal marijuana, one of the fastest growing industries in North America. Look for the trade to build on a groundbreaking 2018 with rampant growth in the coming years.

Thirty-three states and Washington, D.C. have legalized pot for medical purposes. And in December, Michigan became the 10th state to also allow recreational use by adults. More states will follow suit this year and beyond. Continue reading “Cannabis Industry Has Big but Uncertain Potential”

How Hollywood is Coping with the Rise of Netflix

With the flood of at-home streaming entertainment options, is the movie theater business toast? After all, films made solely for streaming services are grabbing larger audiences, threatening to curb box office sales down the road. Netflix’s film Birdbox was viewed by 80 million households in one month in 2018. Netflix has a bigger slate of movies this year, including The Irishman, a Martin Scorsese film with a $150-million budget. Continue reading “How Hollywood is Coping with the Rise of Netflix”

Who Comes Out on Top in the Streaming Video Wars?

The streaming video wars are heating up. Tens of billions of dollars are being spent on online video content. Companies are battling for the same customers. Technology is rapidly changing. Who wins and who loses from this new tumult in the media industry?

The biggest splash in a long time will be the launch of Disney’s much-anticipated streaming service, leveraging its deep well of films and television shows while spending billions of dollars on new programming, marketing and technology. The move, set to happen this year, marks a new era for the company as it takes a step away from its traditional movie and television business. Continue reading “Who Comes Out on Top in the Streaming Video Wars?”

You Don’t Need the Green New Deal to Save on Energy Costs

A few weeks ago, I wrote about the implications of the Green New Deal, a proposal backed by several congressional Democrats that would essentially ban all fossil fuel use by the year 2030. Since then, a resolution outlining the GND’s principles has been introduced, and has generated plenty of debate, even though it’s a non-binding resolution—meaning it’s just a commitment to ideas, not actual legislation.

One of the idea’s more overlooked provisions is a commitment to “upgrading all existing buildings in the United States and building new buildings to achieve maximum energy efficiency.” Like most of the rest of the plan, this idea would be extraordinarily expensive. The resolution has no chance of passing the GOP-controlled Senate, and House Speaker Nancy Pelosi (D-Calif.) has no plans to bring it for a floor vote.

But if you’re interested in the idea of saving some money on your utility bills, you don’t need to wait for a sweeping law overhauling the country’s energy sector. There are practical steps you can take now. Continue reading “You Don’t Need the Green New Deal to Save on Energy Costs”

To Build or Not to Build the Wall

Since before he was elected to the White House, President Trump has promised Americans he will build a “big beautiful wall” along the U.S.-Mexico border, a barrier he says is needed to secure the United States from dangerous intruders entering the country illegally. But the money for the project has been elusive. Democrats on Capitol Hill have done everything in their power to block his demands, and Trump himself has changed his mind on the price and construction of the wall multiple times.

Now, after almost two years of tense back and forth, the president and Congress have secured a deal that would keep the government fully open through September and provide for 55 miles of physical barriers to be built along the southern border.

But the wall saga is far from over. The president has declared a national emergency on the southern border, which he says will allow the government to redirect funds from other projects to add many more miles of border barriers. Legal challenges are all but certain to follow. If all this leaves you feeling a bit confused, some history on how we reached this point may help. Continue reading “To Build or Not to Build the Wall”

Three New Football Leagues Compete for Survival

The NFL season may screech to a halt after Sunday, but football fans won’t have to wait months to get their next gridiron fix. A new professional football league kicks off next weekend, featuring a 12-game schedule with teams in eight medium-to-large markets across the U.S.

The Alliance of American Football, founded by TV and film producer Charlie Ebersol and longtime NFL executive Bill Polian, features teams in two cities already home to NFL clubs: Atlanta and Phoenix. CBS will broadcast the league’s inaugural games on Saturday, Feb. 9, after which the CBS Sports Network will carry one AAF game a week throughout the season. The championship game is slated for the weekend of April 26-28. Continue reading “Three New Football Leagues Compete for Survival”

Shutdown Will Haunt Federal Workforce for Years

While the federal government has fully reopened, at least through mid-February, its recent partial shutdown is poised to inflict significant long-term harm to its workforce.

The shutdown has tarnished one of the main attractions of working for the federal government: Job stability. Unlike the private sector, the federal government can’t go out of business and doesn’t typically lay people off. But with the threat of future shutdowns always a possibility in the current political climate, that perk is now greatly diminished. Continue reading “Shutdown Will Haunt Federal Workforce for Years”

What’s the Deal with the Green New Deal?

Freshman House Rep. Alexandria Ocasio-Cortez (D-NY) and some of her colleagues have made news recently by calling for a “Green New Deal” to combat climate change. Hearkening back to President Franklin Roosevelt’s aggressive countermeasures designed to pull the country out of the Great Depression, the Green New Deal sounds bold and dramatic. Speaking at a town hall meeting in December, Ocasio-Cortez called the plan “the New Deal, the Great Society, the moon shot, the civil rights movement of our generation.”

A draft bill calls for “meeting 100% of national power demand through renewable sources … eliminating greenhouse gas emissions from, repairing and improving transportation and other infrastructure … [and] eliminating greenhouse gas emissions from the manufacturing, agricultural and other industries.” What’s more, the bill calls for achieving these goals by the year 2030. Continue reading “What’s the Deal with the Green New Deal?”