Clearing Out The In-Box -- April 15, 2023

Locator: 44399B. 

Poolside:

• 77°F now -- 10:34 a.m.
• a bit breezy
• bright, bright sunshine

Tesla: it's getting hard to make sure when it's new and when it's old news, but I believe this is another price cut, making it the sixth price cut in the past six monthjs --

Alaska: how some saw this news being reported yesterday -- link here:

The Biden administration on Thursday, April 13, 2023, approved exports of liquefied natural gas from the Alaska liquefied natural gas project, a document showed, prompting criticism from environmental groups over the approval of another “carbon bomb.”

The US energy department approved Alaska Gasline Development Corp’s project to export LNG to countries with which the United States does not have a free trade agreement, mainly in Asia.

Backers of the roughly $39bn project expect it to be operational by 2030 if it receives the required permits.

The project, for which exports were first approved by the administration of Donald Trump, has been strongly opposed by environmental groups.

“Joe Biden’s climate presidency is flying off the rails,” said Lukas Ross of Friends of the Earth. Ross pointed out this was the second US approval of a “fossil-fuel mega-project” in as many months.

Reuters link. How I saw it: 

Bud trans: fascinating to watch this play out.

Schwab:

• not out of the woods yet
• it will be hardest on SCHW investors, probably mostly the employees
• Schwab clients, outside of SCHW holdings, will do just fine (if that makes sense)
• largest brokerage firms, March 9, 2023, The Ascent (Motley Fool).
• most exciting for military, active or retired: Schwab acquires USAA brokerage and USAA managed portfolio accounts; May 26, 2020 (old news; I was unaware until this past week); link here.

Sitio:

• link here, yesterday.
• long-term holding: not great
• past month: awesome
• pays: 9.2%

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Poolside Reading