Thursday, June 4, 2020

Notes From All Over, Late Afternoon Edition -- Musk Doesn't Have Authority To Break Up Amazon -- Reuters --Thursday, June 4, 2020

I don't even know where to file this, link here:


Open wheel racing: this weekend --
  • June 6, 2020
  • 7:00 p.m. CST (sic) on NBC
  • Texas Motor Speedway
  • Are you kidding me? CST -- Texas, like most of the nation, switched to daylight savings time back in March, 2020 -- CST?
Musk doesn't have authority to break up Amazon -- Reuters -- screenshot:


Saudi raises import fees, see link here:

Let's do the math.

Saudi Arabia imports about $30 billion each quarter, link here. Import fees will range from 0.5% to 15%. Let's assume 15% on all imports. $30 billion x 0.15 = $4.5 billion / quarter or $1.5 billion / month.

PIF generates $5 billion / month on a 10% annual return.

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