By SIMON CONSTABLE
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WSJ: How Much Do You Know About Home Solar Energy? Take This Quiz
Wall Street Journal, Nov 8, 2024
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By SIMON CONSTABLE
Solar power has long been at the center of the renewable-energy conversation. That’s never been more true than now, as solar farms take off and more people add solar panels to their homes.
But how much do you really know about solar energy in the U.S.? You can test your knowledge here.
By SIMON CONSTABLE
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It was a long time coming, but 25 years ago this month the “New Economy” joined the Dow Jones Industrial Average. The change, as of trading on Nov. 1, 1999, came in the form of adding chip maker Intel, and SBC Communications, which cemented the role of both technology and communications sector in the index. Home Depot, was also added to the Dow that day.
As those stocks joined, out went old-economy stalwarts: Chevron, Goodyear Tire and Rubber, Sears Roebuck and Union Carbide. The changes were also notable because it was the first time that stocks from Nasdaq (Intel and Microsoft) had joined the Dow. Until then, all 30 Dow industrials had been listed on the NYSE.
“If that change didn’t happen, there would have been a big discrepancy between that index and it would have been a big oversight,” says Susannah Streeter, head of money and markets at Hargreaves Lansdown. The index is designed to reflect the major sectors of the U.S. economy. Read more here.
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By SIMON CONSTABLE
Listen here.
It was a long time coming, but 25 years ago this month the “New Economy” joined the Dow Jones Industrial Average. The change, as of trading on Nov. 1, 1999, came in the form of adding chip maker Intel, and SBC Communications, which cemented the role of both technology and communications sector in the index. Home Depot, was also added to the Dow that day.
As those stocks joined, out went old-economy stalwarts: Chevron, Goodyear Tire and Rubber, Sears Roebuck and Union Carbide. The changes were also notable because it was the first time that stocks from Nasdaq (Intel and Microsoft) had joined the Dow. Until then, all 30 Dow industrials had been listed on the NYSE.
“If that change didn’t happen, there would have been a big discrepancy between that index and it would have been a big oversight,” says Susannah Streeter, head of money and markets at Hargreaves Lansdown. The index is designed to reflect the major sectors of the U.S. economy. Read more here.
Watch here: https://x.com/LionelMedia/status/1848658407953256683
By SIMON CONSTABLE
By SIMON CONSTABLE
In 1929, Wall Street’s good times ended almost overnight as stocks began a
multiyear skid. The key day, Oct. 28, 1929, also known as Black Monday (a
moniker which then resurfaced to describe the crash of 1987), was the beginning
of a crash in which the Dow Jones Industrial Average fell 13% and 12% on back-to-
back days. The slide ended in July 1932 when the Dow had lost 89.2% of its value.
“People remember the crash of ’29 because they blame it for triggering the Great
Depression,” says Sam Stovall, chief investment strategist at financial analytics
company CFRA. That depression led to years of economic contraction, ultrahigh
unemployment and mass discontent. The Dow returned to its previous high in
late 1954.
Stovall says there were several reasons for the 1929 crash. First, in the 1920s
investors embraced buying shares with borrowed money, often as much as 90%
of the stock’s value. That was fine while the market rallied. But on Black Monday
that ended as investors dumped their holdings to pay back the debt. “Basically, a cascading effect emerged,” he says. Read more here.
By SIMON CONSTABLE
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John and I discuss the mess caused by the UK Labour Party and the beginning of the hunting season in France. All the deer and boar are looking for a place to hide, some in the garden copse. You won’t want to miss this.
By SIMON CONSTABLE
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John and I discuss the mess that is China’s economy. The country’s demand for key industrial materials has fallen and prices are falling. Its not a good sign.
By SIMON CONSTABLE
Until 2014, American companies dominated the bulk of U.S. tech-company IPOs. Then came the initial public offering of China-based Alibaba in September 2014, raising $21.8 billion — making it the world’s largest IPO at the time. (It was surpassed in 2019 by Aramco.)
On Day 1 of the stock trading in the U.S., Alibaba’s share price closed at $93.89, which was 38% higher than the opening price of $68. Why so successful?
The stock peaked in October 2020 when it had gained over 250% excluding dividends, Yahoo data shows. Since then, share prices slid to $78 recently. Read more here.
By SIMON CONSTABLE
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Until 2014, American companies dominated the bulk of U.S. tech-company IPOs. Then came the initial public offering of China-based Alibaba in September 2014, raising $21.8 billion — making it the world’s largest IPO at the time. (It was surpassed in 2019 by Aramco.)
On Day 1 of the stock trading in the U.S., Alibaba’s share price closed at $93.89, which was 38% higher than the opening price of $68. .
The stock peaked in October 2020 when it had gained over 250% excluding dividends, Yahoo data shows. Since then, share prices slid to $78 recently. Read more here.
By SIMON CONSTABLE
John and I discuss British-born author Patrick O’Brian who lived in French coastal town Collioure for more than half a century. He’s the author a series of books about Britain’s Royal Navy.
By SIMON CONSTABLE
Quitting the job that’s killing your soul! It’s one of those seemingly ever-present fantasies of office workers. But to leave without a net that’s unnerving to the vast majority of people. Yet it’s what long-time radio host Tess Vigeland did. She recently wrote a book about her experience: Leap: Leaving a Job with No Plan B to Find the Career and Life You Really Want.
Unlike many confessional books, this one won’t tell you how easy it was. Or that the post-quit euphoria just kept on going for months. Or that everyone should do it because, hey, what the hell. No, the story here is quite different. If you believe Vigeland, it’s hard work, and there will be loads of anxiety. It will upend your life in ways you never imagined.
Things like that make this book more believable than some self-help books urging you to make your way in the world — it’ll be like riding a bicycle, as such books seem to promise. Except they gloss over the time when you scrape the skin off your knees. Or they seem to leave out something that you can’t quite put your finger on. For instance, who’s paying the mortgage while all this quitting is happening? Or where did all the money necessary to sustain eating every day come from?
In some ways, Vigeland’s work is the antidote to “the easy route to happiness” books, which imply you can do everything (wealth, harmony, and relaxation) if only you’d follow a few simple rules. Such promises are chimeras.
The worries about money, career, and leaving what, for many, would seem like a dream job are what Vigeland focuses on. It is her self-perceived shortcomings that make the story so much more realistic and so much more relatable. She becomes something more than the voice we remember from the radio — a three-dimensional individual, just like the rest of us. On top of that, the willingness to open up, in a warts and all way, is a sign of herculean strength. Have you ever noticed that the people who never admit to their failures are, deep down, the weakest? She’s the opposite.
I’d say after her experiences, leaping and then writing this book, Vigeland will be unstoppable.
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This is an edited version of a story first published on Forbes.com in 2015. Copyright CONSTABLE CONFIDENTIAL 2015