George Liu's  Instablog

George Liu
Send Message
I am the Chief Financial/Economics Columnist of The Daily Political Review, a Monitored Contributor for FOREXPROS, a Seeking Alpha Certified Contributor, as well as a paid blogger for The Motley Fool Blog Network. I also currently serve on the Board of Directors for Ureka Co. Currently, I am... More
My company:
Ureka Rechargeable Battery Case
My blog:
Motley Fool Blog Network
  • Business Essentials: Oct. 11-18 0 comments
    Oct 18, 2013 2:37 AM

    A roundup of the most relevant and important news in the business world in the past week.

    Pathetic state of U.S. infrastructure hurting businesses

    U.S. Infrastructure: One in nine of the 607,380 bridges in the U.S. are structurally deficient and 42% of its urban highways congested. According to the American Society of Civil Engineers, this will cost companies (such as truckers and manufacturers) an extra $430B in operating expenses by 2020 and cause $1.7T in lost sales opportunities

    Mark your calendars for the end of the world on February 7

    Debt Ceiling: The agreement in Washington to end the the government shut down and raise the debt ceiling is finalized, albeit extremely temporary. The deal funds federal operations until January 15 and lifts the debt ceiling through February 7. It also calls for the creation of a committee to deal with the U.S. budget issues, although we've all seen the success of such committees in the past (remember the 2011 supercommittee?).

    Consumers are frustrated at government shutdown

    Consumer Confidence: The government shutdown and general economic uncertainty has had a significant effect on consumers. The monthly Bloomberg Consumer Comfort Index, a thermometer for consumer confidence, plunged to minus 31, the lowest level since November 2011. A negative value shows the majority of consumer opinions on the economy are negative. 47 percent of respondents to the survey on which the index is based believed that the economy was going to get worse, up 13 points from September, an increase which constitutes the biggest surge since Lehman Brothers went under.

    United States is now the world's largest oil producer

    U.S. World's Largest OIl Producer: Take that, Saudi Arabia, Russia and our environment. According to PIRA Energy Group, an energy markets consulting firm, U.S. total oil supply for 2013 is expected to average 12.1 million barrels a day, overtaking Saudi Arabia, which is expected to average 11.8 million barrels a day, as the largest oil producer in the world. This huge growth in U.S. oil production is due to shale oil. The U.S. shale liquids growth over the last four years has been nearly unparalleled in the history of world oil; only Saudi Arabia in 1970-74 raised its production faster. Overall, the U.S. oil supply growth rate is greater than the sum of the growth of the next nine fastest growing countries combined. This growth is expected to help the U.S. retain the title of world's largest oil producer at least through 2030.

    Zynga Co-Founder Leaves Zynga

    Zynga Co-Founder: Justin Waldron, a co-founder of Zynga, has announced via a Facebook post that he will be leaving the company after more than six years. This is the latest in a string of departures from the company, including Zynga's chief operating officer, chief marketing officer, the creators of Words With Friends, and the creator of OMGPop.

Back To George Liu's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • $WAC down nearly 20% on EPS of $0.64 compared to analyst estimate of $0.67. Really?
    Mar 19, 2013
  • Why did FMER plunge 11.3% today on news of CRBC acquisition? In my opinion a pretty good deal.
    Sep 13, 2012
  • LULU cools down a little after soaring 13% on Friday on strong $0.39 EPS versus analyst estimates of $0.31
    Sep 10, 2012
More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.