#PGE Financials

[yourusatoday]

Peering into PGE's Financials: Unveiling the Power Behind the Numbers

Introduction to PG&E Corporation

PG&E Corporation (Pacific Gas and Electric Company) is a prominent utility company based in California, providing natural gas and electricity to millions of households and businesses. With a vast infrastructure network and a commitment to sustainability, PG&E plays a critical role in the state's energy landscape. This comprehensive financial analysis delves into PG&E Corporation's financial performance, key metrics, and strategic initiatives, offering valuable insights for investors and stakeholders.

Revenue Analysis

1. Consistent Revenue Streams

PG&E Corporation generates consistent revenue streams primarily through its regulated utility operations. The company's revenue is derived from the sale and delivery of electricity and natural gas, with a customer base that includes residential, commercial, industrial, and agricultural sectors.

2. Rate Increases and Regulatory Environment

The company's revenue is significantly influenced by the regulatory environment. Rate increases approved by the California Public Utilities Commission (CPUC) have a direct impact on revenue growth. PG&E’s ability to navigate the regulatory landscape and secure favorable rate adjustments is crucial for maintaining and enhancing its revenue base.

Profitability Metrics

1. Operating Income and Margins

PG&E Corporation has faced challenges in maintaining stable operating income and margins due to various factors, including operational costs, regulatory compliance, and liabilities related to wildfires. Despite these challenges, the company continues to focus on improving operational efficiency and cost management to enhance profitability.

2. Net Income and Earnings Per Share (EPS)

Net income and Earnings Per Share (EPS) have been volatile, reflecting the impact of extraordinary expenses such as wildfire-related costs and settlements. PG&E’s efforts to stabilize its financial position and enhance shareholder value include strategic initiatives and investments aimed at long-term growth and risk mitigation.

Cash Flow Analysis

1. Operating Cash Flow

PG&E Corporation's operating cash flow is driven by its regulated utility operations. Strong operating cash flow is essential for funding capital expenditures, maintaining infrastructure, and servicing debt. The company's focus on enhancing operational efficiency and managing working capital effectively contributes to healthy cash flow generation.

2. Free Cash Flow

Free cash flow, which represents operating cash flow minus capital expenditures, is a critical metric for assessing PG&E’s financial flexibility. The company’s significant capital investment requirements, particularly in infrastructure upgrades and safety improvements, impact free cash flow. Effective management of these investments is vital for sustaining financial health.

Balance Sheet Strength

1. Asset Base and Liquidity

PG&E Corporation boasts a substantial asset base, including extensive utility infrastructure such as transmission lines, distribution networks, and natural gas pipelines. The company's focus on modernizing its infrastructure enhances service reliability and safety. Liquidity remains a key priority, with adequate cash reserves and access to credit facilities ensuring the ability to meet short-term obligations.

2. Debt Management

PG&E Corporation has faced challenges related to debt management, particularly in the wake of wildfire liabilities and related settlements. The company’s strategy includes refinancing debt, managing interest costs, and maintaining a balanced approach to leverage. Ensuring a sustainable debt profile is crucial for long-term financial stability.

Strategic Initiatives and Future Prospects

1. Infrastructure Modernization

PG&E Corporation is committed to infrastructure modernization, investing in advanced technologies to enhance grid reliability, safety, and efficiency. These investments include upgrading transmission and distribution systems, implementing wildfire mitigation measures, and integrating renewable energy sources.

2. Renewable Energy Integration

As part of its commitment to sustainability, PG&E is actively pursuing the integration of renewable energy into its supply mix. The company’s initiatives include expanding solar and wind energy projects, supporting energy storage solutions, and promoting energy efficiency programs to reduce greenhouse gas emissions.

3. Wildfire Mitigation and Safety

In response to the increasing risk of wildfires, PG&E has implemented comprehensive wildfire mitigation and safety measures. These efforts include vegetation management, enhanced grid monitoring, and the deployment of advanced technologies to detect and prevent potential wildfire incidents. Ensuring the safety of customers and communities remains a top priority.

Risks and Challenges

1. Regulatory and Legal Risks

PG&E Corporation operates in a highly regulated environment, and regulatory and legal risks pose significant challenges. Compliance with stringent regulations, navigating rate cases, and addressing legal liabilities related to wildfires require substantial resources and strategic management.

2. Environmental and Climate Risks

Environmental and climate risks, including the increasing frequency and severity of wildfires, impact PG&E’s operations and financial performance. Climate change mitigation and adaptation strategies are essential for addressing these risks and ensuring long-term sustainability.

3. Financial Liabilities

The company faces considerable financial liabilities related to wildfire settlements and infrastructure investments. Managing these liabilities while maintaining financial flexibility and access to capital markets is crucial for PG&E’s long-term viability.

Conclusion

PG&E Corporation is a critical player in California's energy sector, with a focus on delivering reliable and sustainable utility services. Despite facing significant challenges, including regulatory and environmental risks, the company's strategic initiatives in infrastructure modernization, renewable energy integration, and wildfire mitigation position it for future growth. By effectively managing its financial performance and addressing key risks, PG&E aims to enhance shareholder value and contribute to a sustainable energy future.

[thepowerisyouth]

Everything about Portland General Electric's failures during the 2024 MLK weekend artic blast started to make more sense when I learned about how much Enron's greedy fingers were involved 25 years ago

1) They lobbied for deregulation and lied about the implications

2) They used Oregon's power grid as a tool for the fraud they perpetrated in California (read about Cali's rolling blackouts in the early 2000s)

3) They sacrificed the financial integrity of Oregon's power grid by going bankrupt from massive fraud, forcing spending cutbacks on repairs that were probably definitely needed

4) All the poor PGE workers at the time lost 99% of their company stock value, crippling their retirement potential

Enron is an example of the fraud happening all around us. Learn from it.

[vivacapital19]

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Mark and EI believed the water industry was the subsequent market to be deregulated by authorities and seeing the potential, searched for methods to enter the market, just like PGE. Seller payday loans charge an element worth instead of an attraction pace. The financial establishment multiplies the diploma of the advance from the idea fee to decide how a lot cash appeal is born. Including, for people who acquire $10,one hundred Factoring company in Houston Texas thousand along with foundation value are 1.three, you'll be able to owe $thirteen,a hundred, also dominating and you may need. Basis prices are large in comparison with the speed of curiosity choices for the old school loans from banks. You should know the way you intend to make use of the money and whether you've some other options.

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[biglisbonnews]

Beyoncé Announces Renaissance World Tour It looks like this year will have a "Summer Renaissance" after all, because Beyoncé is finally taking her latest studio album on tour.For her first solo tour in six years, the pop and R&B queen unveiled the full list of cities she will be hitting around the world in support of her Grammy-nominated album, Renaissance. Kicking off with a European leg in May, the sprawling stadium tour is set to wind its way across North America this summer, hitting every major city along the way. The announcement comes a little over a week after Beyoncé performed at the opening of a luxury resort in Dubai, marking her first live show since 2020. While leaked footage from the show went viral on social media, the artist drew criticism for her decision to appear in Dubai given the United Arab Emirates' harsh laws targeting LGBTQ+ citizens. Beyoncé was allegedly paid $24 million for the performance but didn't play any material from Renaissance, which pays tribute to house music's queer history.Rumors that Beyoncé was set to take Renaissance on tour this summer first cropped up last fall when a ticket package went up for auction at the WACO Theater Center's 5th Annual Wearable Art Gala. The package, which featured first-class international flights on United, a three-night stay at a Marriott hotel and two tickets to the show plus a backstage tour with Beyoncé's mom, Tina Knowles-Lawson, ended up selling for $150,000.Tickets are set to go on sale starting February 6 with an exclusive presale open to BeyHive members. Most likely looking to avoid the same headache that Swifties had to go through, Ticketmaster will be using their Verified Fan technology "to ensure more tickets get into the hands of concertgoers" per a press release. Ticketmaster is currently facing a lawsuit from fans and a Senate hearing over the Taylor Swift fiasco.Check out the full list of dates for the Renaissance World Tour below and head here to register to buy your tickets. See on Instagram RENAISSANCE WORLD TOUR DATES:EUROPEMay 10, 2023 – Stockholm, SE – Friends ArenaMay 14, 2023 – Brussels, BE – King Baudouin StadiumMay 17, 2023 – Cardiff, UK – Cardiff Principality StadiumMay 20, 2023 – Edinburgh, UK – BT Murrayfield StadiumMay 23, 2023 – Sunderland, UK – Stadium of LightMay 26, 2023 – Paris, FR – Stade de FranceMay 29, 2023 – London, UK – Tottenham Hotspur StadiumMay 30, 2023 – London, UK – Tottenham Hotspur StadiumJune 08, 2023 – Barcelona, ES – Olympic StadiumJune 11, 2023 – Marseille, FR – Orange VelodromeJune 15, 2023 – Cologne, DE – Rhein Energie StadionJune 17, 2023 – Amsterdam, NL – Johan Cruijff ArenaJune 21, 2023 – Hamburg, DE – VolksparkstadionJune 24, 2023 – Frankfurt, DE – Deutsche Bank ParkJune 27, 2023 – Warsaw, PL – PGE NarodowyNORTH AMERICAJuly 8, 2023 – Toronto, ON – Rogers CentreJuly 12, 2023 – Philadelphia, PA – Lincoln Financial FieldJuly 15, 2023 – Nashville, TN – Nissan StadiumJuly 17, 2023 – Louisville, KY – L&N Federal Credit Union StadiumJuly 20, 2023 – Minneapolis, MN – Huntington Bank StadiumJuly 22, 2023 – Chicago, IL – Soldier Field StadiumJuly 26, 2023 – Detroit, MI – Ford FieldJuly 29, 2023 – East Rutherford, NJ – MetLife StadiumAug. 01, 2023 – Boston, MA – Gillette StadiumAug. 03, 2023 – Pittsburgh, PA – Acrisure StadiumAug. 05, 2023 – Washington, DC – FedEx FieldAug. 09, 2023 – Charlotte, NC – Bank of America StadiumAug. 11, 2023 – Atlanta, GA – Mercedes-Benz StadiumAug. 16, 2023 – Tampa, FL – Raymond James StadiumAug. 18, 2023 – Miami, FL – Hard Rock StadiumAug. 21, 2023 – St. Louis, MO – Dome at America's CenterAug. 24, 2023 – Phoenix, AZ – State Farm StadiumAug. 26, 2023 – Las Vegas, NV – Allegiant StadiumAug. 30, 2023 – San Francisco, CA – Levi’s StadiumSept. 02, 2023 – Inglewood, CA – SoFi StadiumSept. 11, 2023 – Vancouver, BC – BC PlaceSept. 13, 2023 – Seattle, WA – Lumen FieldSept. 18, 2023 – Kansas City, MO – GEHA Field At Arrowhead StadiumSept. 21, 2023 – Dallas, TX – AT&T StadiumSept. 23, 2023 – Houston, TX – NRG StadiumSept. 27, 2023 – New Orleans, LA – Caesars SuperdomePhoto courtesy of Getty/Mason Poole/Parkwood Media https://www.papermag.com/beyonce-renaissance-tour-2659340564.html

[rivaltimes]

Public debt will be reduced to 112.4% of GDP and the Treasury will capture 256,930 million, 8.2% more

Public debt will be reduced to 112.4% of GDP and the Treasury will capture 256,930 million, 8.2% more

Archive – Euro coins and banknotes. – EUROPA PRESS – Archive MADRID, Oct. 6 (EUROPA PRESS) – The debt of the public administrations as a whole will end the 2023 financial year at 112.4% of GDP, below the 115.2% forecast for 2022, according to the projections of the General State Budget Bill (PGE) of 2023, which also foresees the gross issuance by the Public Treasury of 256,930 million euros,…

[phroyd]

So how can California put an end to PG&E’s reign of error?

The answer: Make this so-called “public utility” into a true public system—a customer-owned power cooperative, a plan proposed by the city of San Jose. Currently, the only things “public” about PG&E are the bills the public pays and the charred homes and bodies this bankrupt beast leaves behind.

But how can the public take ownership without busting government coffers?

The way Gordon Gekko did it in “Wall Street”: through a hostile takeover bid for PG&E’s stock—now bouncing on the floor at about $4 per share.

It’s been done before, in New York.

For decades, Long Island Lighting Co., LILCO, like PG&E, left millions of its customers in the dark, endangered their safety and emptied their pockets with monstrously high electric bills. Then, in 1998, the customers seized ownership of the renegade utility—at low cost, below its book value.

In 1981, as executive director of the state legislature’s Science and Technology Commission, I was tasked with drafting a law that would allow customers to buy out this dangerous power company cheaply.

Our solution was inventive. LILCO’s stock, like PG&E’s, was in the toilet, trading at a fraction of its book value—that is, way less than the cost of its lines and equipment. If corporate raiders can take over companies cheap to reap giant profits, why couldn’t the state do a hostile takeover to keep the public safe and reduce electric bills?

My agency drafted, and the legislature passed, a law permitting the state to make a hostile tender offer for LILCO’s stock.

To keep the utility��s stock from soaring on the takeover offer, I also drafted civil racketeering (RICO) charges that were filed by the state and local government. The complaint cited years of the company extracting billions from its captive customers on false claims.

A jury awarded Long Island’s beleaguered customers $4 billion in damages. The company, now effectively bankrupted like PG&E, ultimately sold to the state’s newly created Long Island Power Authority at a cost low enough to cut power rates and rebuild the system.

The result: The new publicly owned system rapidly improved reliability and safety, boosted green energy programs, reduced electric bills and even shut down and dismantled a dangerous nuclear plant.

Likewise, California has a good cause to take legal action against PG&E on behalf of its customers. The still-blazing Kincade fire was, the company all but admits, caused by failure on a transmission line the company had promised for two years to fix by this April. It didn’t.

When California Got Ken Lay’d

In olden days, before “deregulation,” your local gas and electric company was not allowed to burn down your house, blow it up, cut off your oxygen tank and then bill you for it.

So what happened?

PG&E’s transformation from a public utility into an Academy for Accidental Arsonists began 30 years ago with Ken Lay, chief executive of Enron. Enron, a criminal enterprise parading as a power company, convinced California to lead the nation in “deregulating” its power markets.

Until then, utilities were dull things, controlled like government agencies with highly detailed budgets for operation and maintenance that, when approved by regulators, had to be spent on … maintenance and operations. If they failed to use the money as promised, regulators punished the company with a severe hit to profits already tightly capped by law.

Then, deregulation allowed utilities to pocket unspent money as an efficiency incentive. In practice, deregulation became decriminalization of skimming on safety and reliability.

I can only imagine what Robert “Bat” Batinovich would have done to the company for the deadly delay which likely resulted in the Kincade fire. Batinovich, appointed chairman of the California Public Utilities Commission by Young Governor Jerry Brown, was known as the toughest regulator in America.

Decades later, the Elderly Governor Brown filled the PUC with louche industry buddies dedicated to defending the company except when the TV cameras are on.

What did PG&E do with the maintenance fund embedded in the bills of its captive customers?  While those with lives and homes burnt are obvious victims of PG&E’s cost-shaving devil-may-care operations, all of those who pay the monthly bill deserve their day in court.

As we did in New York, the state and local governments should file legal action on behalf of every customer. And that will, justly, cut the price of a takeover.

The Vulture Swoops In

The only thing more dangerous than leaving PG&E in the hands of its current mis-managers is the proposal to give control of PG&E to the financier known as “The Vulture,” Paul Elliott Singer of Elliott Management.

Singer has bought up a hunk of PG&E‘s debt cheaply, and he’s looking to the bankruptcy court to adopt a re-organization plan that would give him a giant payday at ratepayers’ expense.

I’ve been tracking Singer for BBC Television for 12 years.

Here’s how Singer operates. In 2009, Singer and his vulture colleagues bought control of Delphi Corp., which was once General Motors’ auto parts division. Singer’s team threatened to cut off delivery of parts to GM unless the U.S. Treasury paid him billions of dollars. President Barack Obama’s auto bailout chief, Steve Rattner, called it “extortion.”

Obama had no choice but to give in because the parts cut-off would have forced GM’s liquidation, costing half a million jobs. Singer got his billion-dollar payoff, then Delphi shifted almost every union job overseas.

If Singer does a “Delphi“ on PG&E, investment will be cut to the bone to hike profits.

Of special concern to Californians is whether PG&E under Singer’s management would continue to fund its program to reduce pollution and greenhouse gas emissions. Singer is the chairman of the Manhattan Institute, the far-right, climate-change-denying think tank behind the fake trope that the Green New Deal would cost $1 trillion and destroy the economy.

Democracy Is the Solution

There is an alternative for managing PG&E other than the current busload of befuddled bozos or financial vultures.

San Jose has the right idea: consumer cooperative ownership.

Electricity socialism is not so radical: There are 900 power co-ops in the U.S. serving 47 million Americans. And here in Los Angeles, my computer is powered by the city-owned Department of Water and Power, which, while not a stellar enterprise, limits blackouts and tends not to kill its customers—because the mayor must personally answer for the DWP’s failings.

Simply put: Democracy keeps the lights on.

But to keep the cost low and move quickly, local and state governments should take advantage of PG&E’s bargain-basement stock price and the discount on the trading price of its bonds. That, combined with legal action to seek compensation for financially abused ratepayers, should force this un-public utility into the public’s hands at a fair, low price.

Phroyd

[reading-writing-revolution]

#PGE - what worthless pieces of shit.

"PG&E power utility decided to double its dividend payouts over a decade instead of reinvesting in its infrastructure. Because capitalism is built to prioritize getting paid now rather than preparing for tomorrow. Short-term thinking pervades our businesses, institutions, and governments."

Rebecca Solnit:

"If you haven't been in the blackout zones, where I spent much of my weekend (climate benefit aside), it's like this: no traffic lights. No gas stations. No stores. No schools. No internet. No banks and no bank machines. Not a lot of options for recharging what wasn't charged. It is shut down. No pharmacies. Hospitals probably running on generators, some Sonoma County hospitals evacuated. People can't work or go to school or run their businesses. The stars were beautiful last night in the darkness but I am sure people are feeling isolated and distressed and concerned about what's next in the short term and the long. The billions lost by people whose lives were put on freeze because of an antiquated evil corporation and its outdated, unmaintained grid and a growing climate catastrophe hasn't been estimated, but it's huge- to reduce what is productive and creative and socially beneficial and personally meaningful work to dollars.

I was fine at a house with headlights and solar lights and a gas stove, but the no communications but my phone losing its charge wasn't fun. I'm back in the city, but getting up this morning to the brown horizon, the smell o smoke, and the two helicoptors near overhead: I thought, this is a war, and then I thought, nature pushed beyond its limits finally pushed back. Most of the north bay and a lot of east bay is shut down and there was a traffic jam of people pouring into the city at midmorning. To San Francisco where everything works, since we don't have wildfires (because we barely have anything wild). The winds are due to start up again tomorrow.

It's so clear we're not adequately prepared for this. I don't even know where the 180,000 (official figure) Sonoma County evacuees went--people with resources have options; people without don't; and people who aren't documented have a whole other layer of issues to cope with (which is why the Undocufund supporting that community specifically is so great). Evacuations by car, Southern California reminded us, leads to traffic jams, which when gas is hard to come by, become a mess. I heard someone on the radio (in my car, coming back to SF) saying they're getting emergency alerts that are just links that, without a smart phone you can't follow up on and also some cell towers are out, and not a lot of people (except me and your grandma) still have land lines. There's physical stranding and there's information stranding. And of course people with health issues, disabilities, and mobility issues have a harder time with all this, and then there's people who are close to the financial edge who will be pushed over by losing work, or home, or both.

We here in California are the seventh largest economy in the world. We are also a disaster zone. This is climate chaos. This can't be the new normal. This is why I did a benefit for climate action and data (that is, for Oil Change International) last night. This is why I'll keep working on it."

[crummy37-blog]

5 Simple Statements About bill gates biography Explained

Inside of Gates home, there is a enormous aquarium that includes a living-space trend environment. The aquarium supplies spectacular sights of amazing and scarce marine animals.

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5.) We often overestimate the transform which will come about in the next two several years and undervalue the alter that could manifest in the next ten. Don’t Allow you be lulled into inaction. – Bill Gates

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Titled "Turtles Each of the Way Down," Inexperienced's novel follows the story of Aza Holmes, a high school student in Indianapolis. Holmes and her ally embark with a quest to locate a lacking billionaire in hopes of obtaining a $100,000 reward for information on his whereabouts.

Bill Gates and his daughter ‘liked’ this thriller romance novel—and he advises which you study it also

In the event you dive in the swimming pool, you may pop again up by an out of doors terrace. A glass wall separates the indoor pool from out of doors, with adequate area beneath to swim concerning The 2.

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Bill Gates has a few small children together with his spouse Melinda – two daughters and a single son. On the other hand, each of the a few kids remain extremely younger and unmarried. Thus, Bill Gates does not have any grandchildren.

7. “I really experienced a great deal of dreams After i was a kid, and I believe a lot of that grew out of The reality that I had a chance to examine a good deal.” – Bill Gates

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“I was Fortunate to become associated and have to lead to a thing that was significant, which can be empowering those with software.” Bill Gates

There is also a pivoting bookcase that exhibits a key entrance to your bar, Positioned deep In the mansion’s library. The mansion has quite a few parking garages that take as much as 23 autos. One of the garages modifications into an indoor basketball courtroom with the thrust of a button.

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Bill Gates also appreciated his childhood, and he ongoing to get involved in athletics jumps with reports actively.

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twenty.) I really had plenty of dreams After i was A child, and I feel an excessive amount of that grew away from The reality that I had a chance to read a whole lot. – Bill Gates

0,” continues to be Probably the most awed estates inside the Seattle spot, and forever rationale—there’s just so much to absorb. Here's sixteen from the home’s most notable options.

forty one.) Efficient philanthropy needs a large amount of your time and creativity – exactly the same type of emphasis and techniques that developing a business enterprise necessitates. – Bill Gates

A nationally rated Expert clearly show jumper, Jennifer appeared to be in sound variety with the occasion, which runs through Saturday with a beachside competition ring arrange behind the luxe Setai Lodge.

We also are foremost the trouble to harmonize how various corporations keep track of family planning sources. The new information methods will use regular metrics and provide dependable data in the national and sub-national levels.

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Bill Gates has 3 youngsters with his wife Melinda – two daughters and one son. Having said that, many of the three young children remain very young and unmarried. Hence, Bill Gates does not have any grandchildren.

Although some guys photographs are uploaded on her social media marketing, but they are just be pals and nothing outside of. In addition, she also hasn’t exposed excessive on her lifestyle by means of her Instagram when other famed billionaire’s kids are vulnerable to uploading traveling, relationship and flashing their high-class lifestyle.

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Individuals who manufactured it, even though, have been welcomed by options far higher than they had known at home in England. A lot of of such people went on to help make vital contributions to your rising nations of Canada and The usa. Evaluation of immigration data signifies that a few of the initial North American immigrants bore the title Gates or simply a variant listed above:

This organization afterwards merged into a new organization which happens to be now known as K&L Gates. He retired inside the yr 1998 from your agency, PGE.

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Within the ceiling you’ll look for a quotation from “The good Gatsby” that reads: “He had arrive a long way to this blue garden, and his aspiration have to have appeared so near that he could barely fall short to grasp it.”

From the site post, Phoebe provides her very own "mini-evaluate" from the e-book and explains the plot strike home for two reasons: She struggled with OCD For some time and she sees herself inside the billionaire's son Davis.

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We must surprise them that these substitute ways of performing energy can arrive alongside and come together in an financial way.

As no any websites have confirmed about

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her marriage, we can easily assume that she has no any ideas on acquiring married soon. This is focused on Bill Gate's daughter Jenifer.

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                           Microsoft   Only some individuals know, that Microsoft is not really Bill Gates´ only source of cash flow. Furthermore, he will be the operator of Cascade Investments and shareholder on the John Deere & Co tractor producer and stakeholder from the Canadian Railway Modern society. Right now (January 2018) Bill Gates´ fortune quantities to all over 89 billion $. Assuming that Bill Gates had a daily financial institution financial savings account having an curiosity price of three %, he would receive about $seven.three million dollar per day. Each hour $304.000 will be added to his fortune and each minute his checking account displays a additionally of $5000. And also every single next of your working day Bill Gates would make $84. Having said that, In spite of all that wealth, Bill Gates does not ignore Individuals, which have not been Fortunate of their lives. His Bill & Melinda Gates Basis will take treatment of a number of jobs in third world nations. A person branch of the activity could be the funding of study in the sector of Malaria, Aids and Tuberculosis. With a total funds of 30 billion $ the Bill & Melinda Gates Basis is regarded as being the biggest social Firm of the globe. Up till now it truly is believed, that Bill Gates has invested 30 billion $ for charity and social jobs throughout the world.

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“It doesn’t relate to any certain faith; it’s about human dignity and equality,” he suggests. “The golden rule that each one life have equal price and we must always deal with men and women as we would like to be taken care of.”

Nation leaders who try to safeguard their citizens from your harms of tobacco should not be deterred by threats of high-priced authorized challenges from huge tobacco firms.

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[rjzimmerman]

Investigators from California state agencies have determined that PG&E equipment (the electricity transmission grid) was responsible for at least 18 of 21 major wildfires in 2017 and those that happened in 2018. Some of the fires have been attributed to power lines coming into contact with trees. Would these fires have happened had there not been several years of drought? Did the recently emerging greater intensity of the Santa Ana winds contribute to the wildfires? These are important questions, not to absolve PG&E, but to point out that we are not in a “business as usual” moment. Just as we consumers are being asked to reduce our electricity consumption or buy electric vehicles or be mindful of our water consumption, businesses have to adapt as well. That means spending more money on adaptive measures, such as cutting back trees along the power line path or hardening the transmission infrastructure to reduce the risk of breaking and falling utility poles, or creating systems that cut power off to areas when the risk of wildfires increases.

Excerpt from this New York Times story:

Pacific Gas and Electric Company, which has been struggling with a financial crisis stemming from California’s historic wildfires, intends to file for Chapter 11 bankruptcy protection by the end of the month, according to a regulatory filing.

The company, which is the largest investor-owned utility in California, said it faced an estimated $30 billion liability for damages from the 2017 and 2018 wildfires that killed scores in Northern California, a sum that would exceed its insurance and assets. The filing followed the announcement Sunday night that PG&E’s chief executive, Geisha Williams, would step down.

By early afternoon trading on Monday, the company’s shares had fallen nearly 50 percent. They had already lost almost two-thirds of their value since early November, when the company’s equipment was linked to the Camp Fire, which destroyed thousands of homes in Paradise, Calif., and killed at least 86 people.

PG&E’s problems could be the harbinger of more turmoil in California’s energy sector. The state, which prides itself on being a leader in the fight against climate change, has in recent years had to contend with much larger and more destructive wildfires, many of them caused by or linked to utility equipment. Industry executives have been lobbying the California Legislature to protect them financially by allowing them to raise electricity rates to help pay for property damage caused by fires, an effort in which they have been partially successful.

[freakyfeline]

When Earth has ended- Part 1.

//  This  is  an  experimental  piece  of  writing.  It’s  an  original  story.  //

  The  scientists  have  calculated  that  Earth  had  not  more  than  1  billion  years  to  exist  before  its  Sun  will  inevitable  turn  into  a  supernova. 

Most  humans  had  evacuated  from  their  original  home  planet  and  traveled  far  into  the  exo-planet  which  was  originally  referred  to  as  Kepplar  -22b  in  the  ancient  times,  then  its  name  changed  into  Delta  Prime 

Despite  the  fact  that  humans  have  dispersed  themselves  into  space  colonies  and  other  exo-planets  across  the  galaxies,  Delta  Prime  became  the  main  home-planet  for  the  now  Earthless  humans. 

In  fact  in  the  edifices,  streets,  houses,  parks,  rivers,  mountains  and  seas  are  still  carved  in  the  memory  of  their  beloved  Earth.

  If  you  are  a  human  that  belonged  to  the  generation  XI,  you  would  still  be  able  to  feel  the  familiarity  of  the  planet  that  was  once  your  species’  only  home,  but  several  advancement  and  technology  had  changed  also  marked  the  advancement  of  these  humans,  so  Delta  is  an  amalgamation  of  the  old  and  the  new,. 

The  new  generation  of  humans  that  were  born  in  3B  PGE  ,  know  Earth  only  through  history  books  and  through  the  memories  of  their  grandparents.

  Slowly  Earth  will  be  only  but  a  distant  memory,  and  those  who  are  born  now  will  never  know  what  was  like  to  be  homebound  in  one  planet,  with  no  external  extra-terrestrial  communication.

They  lifted  their  eyes  up  in  the  sky  dreaming  of  what  back  in  that  day  was  impossible. 

Alex  was  five  years  old  when  he  left  Earth  to  become  a  permanent  resident  of  Delta  Prime.

  There  were  many  who  were  unlucky  and  they  were  trapped  on  Earth  because  they  did  not  have  the  financial  ability  or  resources  to  be  able  to  leave. 

After  all,  humans  who  thrive  are  those  who  have  the  means. 

Alex  peeks  out  of  the  window  from  the  control  station  and  catches  a  glimpse  of  the  Round  Blue  Planet,  and  a  sense  of  bitter  sweetness  burned  in  his  throat. 

He  was  too  young  to  get  too  attached  to  the  Original  Homeplanet,  but  he  was  old  enough  to  remember  it. 

In  fact,  this  was  the  first  time  he  visited  Earth  since  he  left  with  his  parents. 

And  he  knew  it  was  going  to  be  the  last. 

[luvjonezmusic-blog]

Honored to curate and bring together so many great people tonight for October First Thursday at @portlandcenterstage. Got to host @pablo__rivarola jazz band featuring 16-year-old drummer Anderson Donley and bassist Nick Morrison with a special intermission guest performance by @micha_musica. A stunning painting exhibit by Angela Saenz @windowwaiting in the PGE Gallery that will be on view daily from October 7 - November 15, 2021. . Special shout out to @pueblounidopdx for tabling at the event to promote their work offering legal service consultation, advocacy and financial assistance to immigrant communities . Shout out @evanduckworth2point0 for engineering sound support and operations support from Eric Murray.. . Held every month, from 5:00-7:00 PM, free and open to the public (vaccination status required upon entry) . Thanks to everyone who came out to be a part of the event including my team @alexx.hunter and @kelseyduanetyler and @_tameralyn @andreavernae_ @k80nguyen Alan Splitter and more! (at Portland Center Stage) https://www.instagram.com/p/CUwXEPeL5We/?utm_medium=tumblr

[ge-rh-expert]

Les liquidations d’entreprises dans la branche continuent de reculer au 1er trimestre 2021

Les liquidations d’entreprises dans la branche continuent de reculer au 1er trimestre 2021

Les liquidations d’entreprises dans la branche continuent de reculer au 1er trimestre 2021   Fonds de solidarité, chômage partiel, PGE… Les aides mises en place par l’Etat maintiennent toujours un filet de sécurité financier sur les entreprises d’Hébergement Restauration, dont les chûtes d’activité depuis mars 2020, de 30 à 90 % suivant les secteurs, entraînent des pertes structurelles…

[terrecorse]

Un projet politique de gauche en rupture avec les politiques libérales pour construire la Corse en commun.

Déclaration des fédérations du PCF de la Corse

La troisième visite du Président de la République en Corse ne changera rien à la situation des plus modestes. Les palinodies des dirigeants nationalistes qui ont marqué ce déplacement, à l’heure des commémorations de la Libération de la Corse et à la veille du sommet Euro-Med 7, ont quelque peu contribué à masquer cette réalité d’autant plus accablante que la crise sanitaire est lourde de conséquences aux plans social et économique.

Le Président de la République n’a à l’évidence pas pris en compte les aspects majeurs de l’urgence sociale qui frappe la Corse et ses discours ont une fois encore, après ceux de ses ministres précédemment, complètement écarté les questions du pouvoir d’achat, de la cherté de la vie, des bas salaires.

La Corse est la région métropolitaine la plus touchée par la pauvreté monétaire. Un ménage sur cinq vit en dessous du seuil de pauvreté (un sur six en France métropolitaine). Les personnes de plus de 75 ans sont les plus touchées (18 % en Corse contre 9 % de moyenne métropolitaine). Le revenu médian disponible des ménages est de 18 836 €, 7 % de moins que la moyenne nationale en 2014.

Selon l’Insee en 2015, les prix hors loyers en Corse dépassaient de 3,6 % les prix moyens de la France de province. Le surcoût est le plus élevé pour les biens et services liés à la personne (+ 8,9 %) et les produits alimentaires (+ 8,7 %), soit 15 % du budget de consommation chacun.

Le rapport si attendu, de l’Autorité de la concurrence, sur les prix des carburants n’a même pas été évoqué et le détournement des réfactions de TVA sur les produits de consommation courante encore moins. En revanche les demandes formulées par le patronat, dominé par le consortium des patrons corses, ont été au cœur des échanges et relayées par la CCI de Corse et le MEDEF.

Les deux ont évalué le soutien nécessaire à 2.5 milliards d’euros sur 5 ans dont 500 millions immédiatement débloqués pour financer 12 mesures prioritaires sur 70 au total. L’accent est mis sur le report de 18 mois du remboursement des prêts garantis par l’Etat (PGE) une exonération totale ou partielle des contributions fiscales et des cotisations sociales et le prolongement du chômage partiel jusqu’en avril 2021 au moins (204 millions d’euros). La relance par la commande publique (150 millions), le prolongement du crédit d’impôt corse sur 5 ans (150 millions).

A ce jour 1,4 milliards d’euros ont été injectés dans l’économie insulaire. Mais ici comme ailleurs c’est toujours sans contrepartie sociale ni évaluation sur l’emploi. Néanmoins, le président de l’Exécutif explique que les fils du dialogue sont renoués avec Paris et qu’un consensus a vu le jour, englobant majorité régionale et opposition, sur les dispositions à retenir dans le cadre du plan de relance économique. C’est une façon de « sanctuariser », au détriment de l’intérêt général, la captation de la solidarité nationale par le grand patronat insulaire.

Le président de la République a eu beau jeu de faire remarquer la sous consommation de crédits dans le déploiement du très haut débit, voire un exercice à minima des compétences nombreuses de la collectivité, il n’en demeure pas moins que dans le domaine de la santé les hôpitaux de la Corse resteront sous dotée et les agents hospitaliers à l’heure du Segur santé sous rémunérés malgré leur forte mobilisation dans la crise sanitaire.

Autre grand sujet écarté de l’ordre du jour de la visite présidentielle le logement social. Alors qu’une étude éclaire l’impact des inégalités sociales en soulignant l’impossibilité pour 8 ménages sur 10 de pouvoir s’installer dans certaines communes littorales, Ajaccio et Bastia comprises, cette question qui devrait relever de la prise en compte prioritaire ne l’est toujours pas.

Avec un parc de logements sociaux de moins de 15 000 unités ce sont près de 6000 demandes qui, de façon récurrente, sont insatisfaites. Cependant, entre 2006 et 2017, le prix du foncier a augmenté de 138 % en moyenne sur l'ensemble du territoire insulaire, quatre fois plus que sur le continent, le prix moyen du mètre carré bâti a augmenté de 36 %. En revanche, des biens luxueux sont à la vente entre 5 et 7 millions d’euros en moyenne et peuvent être proposés à la location entre 10 000 et 15 000 euros la semaine.

Tout cela a à voir avec les dérives affairistes et mafieuses, c’est certains et interpelle sur le modèle économique de la Corse essentiellement conçu depuis 15 ans pour attirer les clientèles les plus fortunées. On ne peut même plus parler de baléarisation.

En 2015, le secteur tertiaire (marchand et non marchand) concentrait 83 % de la valeur ajoutée (VA) corse, soit 8 points de plus que la moyenne en France métropolitaine hors Île-de-France. Le secteur de la Construction représente 9 % de la VA contre 6 % pour la France de province. L’industrie représente 7 % de la VA de l’île, contre 17 % pour la France de province, et l’Agriculture 1 % contre 3 %. Dans le secteur tertiaire marchand, l’hôtellerie-restauration est deux fois plus importante que la moyenne française.

Ces quelques éléments confortent l’idée d’un renforcement des services publics pour répondre aux besoins sociaux, à travers :

Ø  un PEI pour la santé, la stabilité dans l’organisation de la desserte maritime publique afin de baisser les tarifs,

Ø  la résorption de la pénurie de logements sociaux,

Ø  l’inscription de la Corse dans une politique de ré-industrialisation de la France garantissant l’indépendance nationale dans les secteurs de l’aéronautique, des médicaments et des nouvelles technologies.

Ø  l’élaboration d’un schéma de développement durable et d’économie circulaire incluant l’ESS et offrant plus de débouchés à l’agriculture locale

Enfin, il est indispensable de rétablir le contrôle des prix et d’établir un contrôle démocratique sur l’utilisation de l’argent public mobilisé pour soutenir l’économie et plus largement sur les moyens financiers de la solidarité nationale (CICE, Crédit d’impôt corse, réfactions de TVA, dotation de continuité territoriale. Ces moyens doivent servir à l’emploi, à la formation, à l’augmentation des salaires.

Cette alternative politique a comme objectif central d'arracher au patronat la mainmise sur les fonds publics afin d’orienter l'économie insulaire vers un développement durable et vertueux placé sous le contrôle des citoyens. L’exigence ainsi portée de transparence et de démocratie, pour asseoir les conditions du progrès social, n’a rien à voir avec le projet d’autonomisation régionale et d’affaiblissement des capacités d’intervention de l’Etat.

Second volet de la loi NOTRe, la réforme dite « systémique » des 3D (décentralisation, déconcentration, différenciation), dans laquelle les libéraux s’engouffrent nationalistes compris, devrait parachever le démantèlement des services d’État. Il en résultera, dans un contexte de concurrence exacerbée, un ensemble national fragmenté en territoires à statuts multiples, dont les plus riches actionneront les leviers pour attirer les investisseurs, reléguant de fait les plus pauvres, dont la Corse, au rang « des territoires périphériques ».

Creuset d'un accroissement des inégalités territoriales, ce projet va à l’encontre des besoins élémentaires révélés par la crise sanitaire. Il est un pas de plus en direction de l'Europe des régions et l'organisation fédéraliste promue par les classes dirigeantes européennes. Les communistes en le refusant, mettent en débat ces propositions ouvrant la voie à un modèle économique radicalement différent de l’actuel et de ses dérives affairiste et mafieuse.

La construction de cette alternative, à laquelle le plus grand nombre aspire, passe par un large rassemblement de toutes celles et ceux qui, notamment à gauche, organisés ou pas, veulent un changement profond de société dans toutes ses dimensions sociales, environnementales, économiques.

C’est le sens de l’appel que nous lançons, à travers cette adresse aux Corses, pour faire grandir le mouvement social dès demain 17 septembre en participant aux manifestations de Bastia et Ajaccio et par la suite, lors des échéances électorales de 2021 et 2022, pour porter ce projet politique de gauche en rupture avec le carcan des politiques libérales qui fait obstacle à l’épanouissement de la Corse : pour construire ensemble la Corse en commun.

Anissa Flore Amziane

Secrétaire départementale de Corse du Sud

Michel Stefani

Secrétaire départemental de Haute Corse