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CEO on Fate of PG&E: ‘I’m Not the Wikipedia of Bankruptcies’

(Bloomberg) — The fate of PG&E Corp. remains uncertain and the embattled California power giant still has a lot of work cut out in trying to emerge from the biggest utility bankruptcy in U.S. history, its chief executive told U.S. lawmakers Thursday.In testimony before a U.S. Senate committee, CEO Bill Johnson said he didn’t have the answers to all of their questions about whether the San Francisco-based electricity provider will survive the bankruptcy in its current form — especially as California Governor Gavin Newsom calls for a major overhaul of the company. “I’m not the Wikipedia of bankruptcies,” Johnson said …read more […]

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Trump Rebuffs Corn Farmers With Status Quo on Biofuels

(Bloomberg) — The Trump administration on Thursday set relatively flat quotas for plant-based fuels in 2020, rebuffing ethanol and biodiesel allies who said the targets don’t do enough to support the industry.The Environmental Protection Agency will require refiners to use 20.09 billion gallons of renewable fuel in 2020, a 0.85% increase over the 2019 requirement for 19.92 billion gallons, largely tracking a proposal released in July. The agency is also sticking with its plan for adjusting blending requirements to offset waivers exempting some refineries from the mandates, despite criticism from biofuel allies in politically important farm states that the approach …read more […]

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The Endowment Portfolio Turns 1

The Yale endowment’s massive success would be impossible for an individual investor to achieve… Or would it?
Today, Nicholas Vardy shares how it fares as an ETF portfolio strategy.

A year ago, I launched the Endowment Portfolio as part of my Oxford Wealth Accelerator trading service.
The portfolio is composed of “buy and hold” exchange-traded funds (ETFs) that mimic the asset allocation strategy of the Yale University endowment. It is exclusively available to lifetime Members of Oxford Wealth Accelerator and The Oxford Club.
The Endowment Portfolio was, in many ways, an experiment.
Could small investors duplicate the returns of the Yale endowment using publicly traded …read more […]

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What’s Next for U.S. CBD? Former Cop Weighs In

Days before Thanksgiving, the Food and Drug Administration (FDA) threw cold water on the red-hot American CBD boom.
It stated that CBD could be “potentially harmful.” And that more research needed to be done to determine its safety.
It was a frustrating moment for the industry.
That’s because, each day, it seems the U.S. is falling behind in the knowledge gap on CBD.
Israel and China are doing extensive research into cannabis and CBD.
The World Health Organization has stated that “there is no evidence of… any public health-related problems associated with the use of pure CBD.”
And even the National Institute on Drug Abuse deemed …read more […]