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Here’s why wages in America have been going nowhere

“REUTERS/Lucy Nicholson/Files Despite an unemployment rate at 4.1 percent or less since last October, wage growth has been anemic” writes Elise Gould for businessinsider.com. The table below shows real wage growth over the last year by occupation.This fast wage growth for skilled workers should push up average wages, not weigh them down.In fact, over the last year, the average real wage of private sector workers saw no growth at all.In other words, if there are skills shortages, we should see signs of faster wage growth for workers with needed skills. Source:…

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Texas power use to keep hitting records during heat wave: ERCOT

“The biggest power utilities in Texas include units of Sempra Energy, CenterPoint Energy Inc and American Electric Power Co Inc” writes Midwest Communications Inc for 95kqds.com. The Electric Reliability Council of Texas (ERCOT) said demand reached 73,259 megawatts on Thursday, topping the prior all-time high of 72,192 MW on Wednesday.That topped the grid’s forecast high of 72,756 MW for this summer.To keep those air conditioners humming, Texas utilities are buying electricity from all sources, which boosted power prices to a near seven-year high earlier in the week. Source: 95kqds.com Share This:

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GE beats on EPS but trims cash flow target; shares fall

“GE cut the industrial free cash flow target to $6 billion from a range of $6 billion to $7 billion” writes Midwest Communications Inc for 95kqds.com. GE’s power unit is relying on services revenue to offset declining sales of new equipment.In June, it announced a $3.25-billion sale of its distributed power unit to U.S. buyout group Advent.Though GE affirmed that target on Friday, many analysts see it as unrealistic and have cut their estimates to less than $1.00. One positive for GE: Adjusted free cash flow from industrial activities swung…

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All power windows aren’t created equal

“As of October, 2010, power window switches in new cars must require you pull up to close the window” reports cnet.com. It’s the very definition of a first-world problem: Some of the power windows in our cars operate with a single touch, while others require a constant press.Not only has plenty of regulatory attention been paid to automatic windows at all, but also to the switches that control them. Source: cnet.com Share This:

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General Electric 2nd Quarter Earnings: What to Expect

“General Electric (GE), which is set to report second quarter fiscal 2018 earnings results before the opening bell Friday, has tons of questions to answer” writes Richard Saintvilus for nasdaq.com. This compares to the year-ago quarter when earning were 28 cents per share on $29.56 billion in revenue.For the quarter that ended June, Wall Street expects the Boston, Mass.-based company to earn earn 18 cent per share on revenue of $29.39 billion.With aviation, power and renewable energy businesses being the focus of the company, how GE performs in those segments…

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Norsk Hydro subsidiary signs world’s ‘longest’ corporate wind power contract

“The 29-year deal is thought to be the longest corporate wind power contract in the world, Norsk Hydro said in a statement Thursday” writes Guillaume Plisson for cnbc.com. Hydro Energi AS, a wholly-owned subsidiary of Norwegian aluminium business Norsk Hydro, has signed a long-term wind power contract with the Green Investment Group. The deal means that the tech giant will purchase all the wind energy produced at GE’s new, 37 MW Tullahennel wind farm in County Kerry. Source: cnbc.com Share This:

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Europe’s competition czar is wrong — it’s long past time to break up Google

“At this point, Google is far more powerful that Microsoft was at its zenith” writes Troy Wolverton for businessinsider.com. But Google today dominates internet search and search advertising, smartphone operating systems, web browsers, and mapping apps, and its YouTube site rules the market for user-generated videos. Source: businessinsider.com Share This:

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Court papers reveal how Maria Butina embedded herself into US politics

“The memo also alleges Ms Butina kept contact with Russian intelligence officers during her studies at American University in Washington” writes Chris Riotta for independent.co.uk. “The concern that Butina poses a risk of flight is only heightened due to her connection to suspected Russian intelligence officers.”. That Russian diplomat, with whom Butina was sharing a private meal, was suspected by the United States Government of being a Russian intelligence officer,” the memo states. Source: independent.co.uk Share This:

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