Why aren’t younger
Americans driving anymore? Between
2001 and 2009, the average yearly number of miles driven by 16- to 34-year-olds
dropped a staggering 23 percent. Here are the hypotheses: (1) cost of driving—not
just fuel, but also insurance, student debt, healthcare cost, etc; (2)
recession and jobs (or lack there of), (3) it’s harder to get a license, (4) More
younger people are living in transit-oriented areas, (5) convenience offered by
internet. [Note: Ergo, it’s hard to be too bullish on CST along with higher
fuel efficiency]…Source: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/04/22/why-arent-younger-americans-driving-anymore/
Ackman Warns of REIT
Crackdown With Rising Conversions: “If you push the envelope too much,
there will be a crackdown on the REIT industry”…[Note: not sure what to make of
it—is there a solid short here?]…Source: http://www.bloomberg.com/news/2013-04-11/ackman-warns-of-reit-crackdown-with-rising-conversions.html
As Shareholder Fights
Heat Up, Activists Aim at Bigger Targets: “So far this year, according to
the data provider FactSet SharkRepellent, 66% of contests have been successful
for the activists. This is up from 51% last year, though we are still early in
the season. With activism on the rise, don’t be surprised to see additional SEC
hurdles as well as more restrictive requirements for funds as well…Source: http://dealbook.nytimes.com/2013/04/16/as-shareholder-fights-heat-up-activists-aim-at-bigger-targets/
Russia Skips Hybrids
in Push for Cars Using Natural Gas: “The Russian government and Gazprom,
though, are just now pressing aggressively for a switch to natural gas at home,
where prices are about tied with the United States as the lowest in the world.”
[Note: WPRT]…Source: http://www.nytimes.com/2013/04/12/business/energy-environment/russia-skips-hybrids-in-push-for-natural-gas-cars.html?pagewanted=all
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