Tesla’s City (Business)
Tesla Motors just recently announced that it would buy out energy provider, SolarCity, in hopes to expand their product line and become a leader in the emerging green energy space. Tesla has stated that, on its website, its goal as a company is to be one of the only vertically integrated (a company gets its supplies from itself/gives its produce to other divisions of the company) in the clean energy space, and that this would help them achieve that.
Not much has been said about what exactly will be done once the acquisition has happened, but one can assume that the company as a whole will now grow much bigger. That’s a trend I’ve been seeing with several modern technology companies. I can’t name them all by name, but allot of them are now starting to acquire green energy providers to expand their line of products, and no doubt relieve the gas and fuel costs it previously required to power their assembly plants. I believe that a few weeks ago, Apple, also, bought out a power plant, so it goes to show, vertical integration seems to be the next big thing for business. (Daily Mail)
Israel’s New Island (World)
The nation of Israel has recently announced its plans to build a large (and I mean large) artificial island connected by a bridge off the coast of the small nation. It would be 5 kilometers (about 3 miles) off the coast, and contain an airport, and a seaport that can accept container ships. Those were its two main design features, but based upon the concept design, it also appears that it will have an area for cargo, a small city, some vegetation, and a marina. The island would cost about 5 billion dollars in total, but Israel doesn’t plan on paying for it. They are looking for international owners to help fund the project, and relieve pressure off the nation, what with many terrorist and extremist groups being located in the area. Many concerns in the area make it so that building an airport or seaport in another part of the nation to risky, so this island would be their only real hope. (Newsweek)
Trump on His Own (Politics)
It’s not looking good for Trump. One of his election headquarters in Nevada was complexly abandoned, and lies dark and empty today. Trump no doubt dominates the media aspect of the campaign, as without any effort, everyone, including me, is still talking about Trump. However, his speeches, despite still drawing large crowds, are starting to get a bit empty. It would seem that Trump is starting to worry, “as he sailed through the primaries with ease”, how he will ever compete with Clinton? So far, he has been trying to make it off the money of donors, but it seems that entering the race against Clinton, he’s practically run dry, with Clinton’s finances beating his own by a ratio of nearly 40 to 1. In many critical electoral states, his presence has withered, and has nearly withered away. Trump is now saying that he may begin to pay out of pocket an amount worth about $50 million dollars. Trump has many supporters behind him, and funding himself may have a huge effect on the election presence he has, as he barely had the funds to run a single TV add before. (NY Times)
Thanks for reading this issue of Levengood Today. As always, it’s a pleasure to find and report these stories for you. I’ll see you next time.
If you haven’t already checked it out, I just released a new review this morning on Jobs, the movie.
Check it out here.
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