Utility companies are huge. The parent of APS (Pinnacle West) is worth about $10B. So year, to your point, 25M is a drop in the bucket. They are expecting a gross profit of nearly 2B this year. Profit. They basically spent 1% of their profits on this. And depending on how they spent it, it is probably tax deductible...Flagrant Fowl wrote: ↑Wed Nov 07, 2018 6:26 pmSo the parent company, which is probably worth over a billion dollars, spent $25 million to oppose this proposition in part because it would raise consumer costs by as much as $1,000 a year?Nodack wrote: ↑Wed Nov 07, 2018 6:22 pmProposition 127
Arizona voters have rejected a measure requiring regulated utilities to obtain 50 percent of their electricity from renewable energy sources like solar or wind power by 2030.
Steyer poured millions into the proposed constitutional amendment — one that was fiercely opposed by the state's largest utility, Arizona Public Service. A group backed by the utility fought the measure, spending millions of dollars on ads, and rounding up a wide coalition of opponents.
The utility's parent company spent more than $25 million to oppose the measure, arguing it would raise consumer costs by as much as $1,000 a year per customer annually and hurt the reliability of the state's electrical grid.
Initiative supporters say Arizona hasn't taken advantage of its role as the sunniest state in U.S. to develop more solar energy. California's Legislature enacted a similar measure in 2015.
Sounds like a bunch of bullshit to me.
Midterm Elections
Re: Midterm Elections
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Re: Midterm Elections
Corporations spend big to defeat ballot measures
https://thehill.com/homenews/state-watc ... t-measures
Corporations and business groups spent hundreds of millions in this week’s midterm elections to defeat ballot measures that would have harmed their bottom lines.
Groups supporting or opposing ballot measures in states across the country spent at least $1.1 billion in 2018, according to data from the online political database Ballotpedia.
https://thehill.com/homenews/state-watc ... t-measures
Corporations and business groups spent hundreds of millions in this week’s midterm elections to defeat ballot measures that would have harmed their bottom lines.
Groups supporting or opposing ballot measures in states across the country spent at least $1.1 billion in 2018, according to data from the online political database Ballotpedia.
Re: Midterm Elections
I am not sure how, but we need to find a way to remove corporate money spent to influence elected officials/public policy. Our representatives are supposed to represent us, not a corporation. CU really fucked us even more.
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I think I need to invest in advertising, especially around elections. We can’t feed the poor or pay the debt but we can find billions to spend on political ads every election.
Re: Midterm Elections
Interesting Exit Poll results. I too hope for a better economy.
"When we all think alike, nobody is thinking" - Walter Lippmann
"Find out just what any people will quietly submit to and you have the exact measure of the injustice and wrong which will be imposed on them." ~ Frederick Douglass
"Find out just what any people will quietly submit to and you have the exact measure of the injustice and wrong which will be imposed on them." ~ Frederick Douglass
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I wonder what % of Republicans said the economy was good under Obama at the end of his Presidency.
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I lost over 100k in October.
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I have never seen as many people begging on street corners and freeway underpasses as I have in the past year around Phoenix. On some corners they are on opposite sides of the street hitting the same corner. Think the economy has been good overall for some people. Not so good for others. In my profession it’s generally the same year after year except for 9/11.
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I hope you didn't sell. There's a big difference between actual losses and unrealized losses. This is just a natural correction. In time, the market will recover to higher than ever. This is a good time to buy. Just continue your dollar cost averaging.
"Too little, too late, too unbothered."
- Phoenix Suns 2023-2024 season motto.
"Be Legendary."
- Phoenix Suns 2023-2024 season motto.
"Be Legendary."
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Who said they stopped? Maybe they listened to more.
"Too little, too late, too unbothered."
- Phoenix Suns 2023-2024 season motto.
"Be Legendary."
- Phoenix Suns 2023-2024 season motto.
"Be Legendary."
Re: Midterm Elections
I did not. I continue to buy.
Re: Midterm Elections
I hadn't looked the last week or so... and I had gained back half of the october lost before looking today. damnit--back down even more now. Oh well--I have another 12-15 years before I retire anyway.
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A good portion of my gigs are Corporate parties. There were no corporate parties for awhile after 9/11. The ones on the books cancelled.
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(a) Yes, both parties are quite ridiculous when it comes to how they "feel" about the economy. Right at the end of Obama's presidency, Republicans in polls felt that the economy was doing quite poorly. Days after Trump was inaugurated, the same Republican folks in polls felt that the economy was doing great. And the Dems had a similar mirror-image reaction in their polls. That's just silly on both sides, and it's a well chronicled phenomenon in assessing mood about the economy while aligning it with partisanship.
(b) How well the economy is doing is based on many factors. Some important factors are doing quite well right now: unemployment is low, and the stock market is high. Other economic factors are doing less well: wages are low and stagnant and have not risen at pace with inflation; many people are underemployed; many unions are weak; many people report low job satisfaction; the stock market does not affect every American equally.
Re: Midterm Elections
There are a few different points to unpack there.
(a) Yes, both parties are quite ridiculous when it comes to how they "feel" about the economy. Right at the end of Obama's presidency, Republicans in polls felt that the economy was doing quite poorly. Days after Trump was inaugurated, the same Republican folks in polls felt that the economy was doing great. And the Dems had a similar mirror-image reaction in their polls. That's just silly on both sides, and it's a well chronicled phenomenon in assessing mood about the economy while aligning it with partisanship.
(b) How well the economy is doing is based on many factors. Some important factors are doing quite well right now: unemployment is low, and the stock market is high. Other economic factors are doing less well: wages are low and stagnant and have not risen at pace with inflation; many people are underemployed; many unions are weak; many people report low job satisfaction; the stock market does not affect every American equally.
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The stock market today is lower than it was on Jan 1st.
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I think some of the Trump Bump dropped off when everybody realized that the companies were just going to use it on stock buybacks.
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Re: Midterm Elections
He "ran" the American economy like a ponzi scheme, which isn't surprising at all for those of us who already knew he's a crook and a conman.Marty [Mori Chu] wrote: ↑Thu Nov 22, 2018 2:37 pmI think some of the Trump Bump dropped off when everybody realized that the companies were just going to use it on stock buybacks.
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