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Finance & Markets

Big Take: From ‘Vibecession’ to ‘Shrugflation’

Ahead of the Federal Reserve’s decision to hold rates steady this week, Sarah Holder sat down with author and economic commentator Kyla Scanlon to talk about what happens when consumer spending doesn’t equal consumer confidence. (Source: Bloomberg)

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Snowy Hydro 2.0 is a failure in every conceivable way

In April this year, Professor Bruce Mountain and former energy executive Ted Woodley warned that Snowy Hydro 2.0 could ultimately cost $42 billion, comprising direct construction costs of $20 billion…

  • Snowy Hydro 2.0 could cost $42 billion in total
  • Project includes $20B for construction, $12B for transmission, $8B in interest
  • Critics call it a "disaster" and environmental damage is severe

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