In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Both Tesla and SolarCity are losing a lot of money, and both could be in serious trouble if Mr. Musk cannot figure out a way to start generate cash and a lot of it—and fast. Musk has taken a very bold gamble here; he’s essentially betting two of his companies on a fundamental shift in the way the world gets electricity. If that change does not occur, both Tesla and SolarCity will find themselves caught in the death spiral.
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The loss of Costco Canada is already hurting American Express, where revenue fell slightly between December 2014 and March 2015. AmEx reported a TTM revenue of $34.04 billion on March 31, down from $34.29 billion on December 31. The loss of Costco Canada hit American Express hard because the club store giant is huge in Canada, as anybody who visits the country knows.
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Something else that is also obvious is that PayPal would be an acquisition target; purchasing it would give a large bank, retailer or credit card company access to a vast financial network and tens of millions of potential customers.
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This could indicate that traditional banking might no longer be a viable business because of the alternatives available. Things could soon get worse because PayPal is about to get spun off from eBay Inc. (NASDAQ: EBAY) and transformed into an independent financial services company that will compete directly with banks.
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• Abolish the payroll or withholding taxes, which take a percentage of a person’s salary. These hit the working poor heavily, and they do not raise enough money to cover the costs of programs like Social Security and Medicare.
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Operating a bank would also allow Kroger to interphase directly with apps like Apple Pay, Google Wallet and Venmo and avoid the fees charged by the financial services industry. That alone might be enough to entice Kroger into banking.
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It looks as if the purveyors of digital wallets are going to have to do a lot of old fashioned marketing if they want to get the public to accept their products. That might give Current C an advantage in the digital wallet wars because some of the companies behind it, such as Kroger, are very good at marketing.
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The median home prices indicate something else that we could be seeing: real estate deflation.
Read MoreMusk intends to compete with the utility industry as well as the auto industry. He’s already competing with oil companies; Tesla even operates filling stations. Now Tesla intends to be your electric company as well as your car company.
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Walmart and Target certainly have their work cut out for them if they want to maintain their positions in the retail market. Safeway will have even more work to do if it wants to become a credible rival to Kroger.
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