Author Archives: Mike Valles

Berkshire to Buy $4 Billion in Dominion Energy Gas Assets

Warren Buffett has announced that his company, Berkshire Hathaway Inc., is going to buy the natural gas transmission system from Dominion Energy and its storage network for $4 billion. The system involves more than 7,700 miles of gas lines and as much as 900 billion cubic feet of storage space for gas. At the same time, Berkshire is also purchasing ...

Read More »

Financial Relief for Businesses Still Available

After the deadline was met on Tuesday (June 30) for businesses to apply for financial help from the Paycheck Protection Program, the House wanted to extend it a second time. The new deadline is August 8. There is still about $130 billion left in the program for businesses to access. The money is available on a completely forgivable basis if ...

Read More »

Coronavirus Causing States to Backtrack on Reopening

Even while claims of reducing coronavirus cases are being made, the truth is far different for many states. More new cases than ever are occurring now, and several days in a row have had more cases than even the worst days at any time previously. The states that are being hit the hardest are Florida, Arizona, and Texas. Some states ...

Read More »

Millions of Mortgage Payments Missed

It is not only rent payments that are late because of the pandemic, but a record number of mortgage payments are also late. While two million people missed their mortgage payments for March, 4.3 million people skipped making their payment in May. This number includes more than 630,000 people who are 90 days past due. Records reveal that more people ...

Read More »

Home Sales Still Down from COVID-19

Showing a drop to the lowest levels in more than nine years, home sales are finally starting to rise above record lows. Home prices have also risen by the smallest amount seen in about eight years. The cause continues to be coronavirus, which still has people largely unwilling to get out and look at homes to buy. Some areas are ...

Read More »

Will Current Stresses Collapse the Dollar?

While most people are waiting for the economy to return to normal once the pandemic is under control and businesses are open again, some experts are predicting the collapse of the dollar under our massive national debt. It seems that more warnings are occurring lately and it is not so difficult to see how this might happen. The dollar has ...

Read More »

President Trump Rebukes China with Sanctions Over Uighur Imprisonment

After ignoring the problem for some time, President Trump signed legislation called the Uighur Human Rights Policy Act of 2020. It provides for sanctions against China for imprisoning more than one million Muslim Uighurs and other ethnic groups in the country. The camps where they are being held are basically concentration camps where the interred are living in harsh conditions ...

Read More »

Many States Not Reporting COVID-19 Cases Accurately

In the nationwide battle against coronavirus, some states have decided against accurate reporting. Reporting accurately is necessary to understand where breakouts are occurring so that steps can be taken to identify sources and help prevent exposure to even larger groups. The CDC requires that states not only report confirmed cases but also probable cases. A probable case is one where ...

Read More »

President Trump Wants U.S. Troop Reduction in Germany

President Trump announced on Friday that he wants to reduce the number of U.S. troops in Germany by about a quarter. This would bring down the number of troops stationed there to 25,000 from 34,500. The actual order has not yet been given. In recent months, there has been friction between the U.S. and Germany, largely because Germany has not ...

Read More »

The Commercial Real Estate Dilemma

The commercial real estate market continues to suffer from all sides. Although businesses are opening, it will take a while for many of them to get back on their feet. People are hesitant to invest in commercial properties now, partly because of the expectation of a possible second wave of the coronavirus pandemic and partly because of looting and destruction ...

Read More »