The King of Pop Lives On in Okoths Paintings: #Kenya
Report: Queasy Aussies Killed Trump’s Casino Bid Over “Mafia Connections”
Is there any truth to the theory of behavioral priming? @Neuro_Skeptic
China tells U.S., North Korea to hit the brakes on nuclear threats:
Fix My Finances: Im an impulsive shopper
Antidotes from the heroin era arent enough to handle overdoses of synthetic opioids
90% think Pension and other Fixed Liabilities are NOT priced into the market. #muniland @RiggsReport @MuniRiskLTD
@Noahpinion ive discovered an elegant refutation of the efficient market hypothesis
Maryland governor candidate arrested at immigrants rights rally
Most Still Say Newcomers Should Adopt American Culture...
BREAKING: President Trumps strategic and policy forum has disbanded - source.
States test auto-enrollment retirement plans for people who don’t get one at work via @WSJ
Larry Summers yesterday: Why don’t all CEOs quit Trump’s advisory councils?
Labour MP Sarah Champion resigns over grooming gang piece in The Sun
And its worth asking whether America needs a bit of this medicine as well... (end)
The F-35B - The primary weapon of HMS Queen Elizabeth -
.@onesarahjones: ht @JStein_Vox
You can significantly reduce your risk of complications by keeping blood sugar levels close to normal high sugar...
#BREAKING: Trump business advisory group disbands after his Charlottesville remarks: report
Angela Merkel takes to YouTube to woo young voters
Trump once again unloads on Amazon
Developers must build low-cost homes or publish finances - London mayor
#Paraguay Police links marxist guerrilla with #Brazilian drug lords. | via @PanAmPost_es
Trump praises North Korean leader for wise decision
But really, gender equality is just one piece of a bigger goal - changing to a results-oriented workplace culture.
@axios
The shift from valuing time input to valuing results will be a wrenching one. But it has to happen.
Sign up for our weekly newsletter to stay up-to-date on our best stories from the week.
The world has not had enough of Daniel Craig as Bond
James Chapman – New UK #Centrist Party – You Couldn’t Make This Up!?
JUST IN: Sessions: Charlottesville car attack could be considered a hate crime
Couple on Crete drown trying to save their children
ChartBrief 131 – SP 500 Seasonality Stir $ $
Recall ordered for Altura Seafoods tinned mackerel
3M CEO Inge Thulin resigns from Trump’s manufacturing council from @GlobeBusiness
We need your help! Vote for CityLab to appear at the #SXSW Cities Summit
Michael Moore marches his Broadway audience to Trump Tower to protest
Right-to-Carry Laws Are Making Violent Protests like Charlottesville Even Harder to Defuse
Want an independent-minded MP? Vote for a career politician
The screen cap on this story more or less encapsulates American race relations right now.
China’s ‘new achievements’ in legal reform exist more in policy than in practice
Exclusive Interview: @JPNicols, @nextmoney_ and the #Chicago #FinTech Scene
Connect with tomorrow’s #technology today. Become an Insider -
Heroin Trafficking Through South Africa - Why Here and Why Now?: #SouthAfrica
Rolling Stones logo registered as trademark in the U.S. on this day in 1977.
#Germany strongly condemns brutal @NicolasMaduro regime in #Venezuela
Georgia judge suspended for comparing anti-Confederate protesters to ISIS: report
Daniel Craig confirms he will play James Bond one more time
5 major differences between federal and private student loans
Martin Wolf: Nothing like this has happened in 323 years via @FT
is there really a correlation?
#gold continues to grind higher from 1272 support after a 2nd visit this morning
Margin Debt Sets Four New Peaks This Year — a Red Flag with a New Twist $MS Game on!
Ronaldo loses appeal against five-match ban after pushing referee @Globe_Sports
The #Disney Streaming Debacle #Netflix
How to choose the right drone for you
In the age of Trump, progress no longer feels inevitable—or even likely.
Eurozone Growth Accelerates, Cyclical Recovery Continues #Fitchwire
Ireland rejects EUs demand that it collect 13 billion euros from Apple
JUST IN: Trump CEO strategy council is disbanding after exodus, source says
Chyron watch
The Blueprint For Successful Dividend Investing $
Rome police nab killer after legs found in trash
NY governor wants to expand hate crime laws in wake of Charlottesville
Going it alone: President Trumps CEO council has disbanded itself
COMING UP: Albright Stonebridge Group Co-Chairman Carlos Gutierrez discusses Nafta
#ECB 16/08/2017
Daniel Craig confirms he will return as James Bond in 2019 film @GlobeArts
Craft beer could be fueling your neighborhoods resurgence
Hope Hicks has been named Trump’s interim communications director
China urges India to protect peace after border altercation
One is coupled with an ideology of hatred, violence and genocide – the other isnt.
Only 22% of Americans believe that Trump opposes white nationalism. 31% say he supports it.
JUST IN: 3M CEO becomes seventh to quit Trump council since his statement on Charlottesville
Krystyn Van Vliet named associate provost
ESG Fund Index Says ESG Is Better For The Environment And Your Returns $
Travel photographer captures gorgeous flowing gowns against breathtaking landscapes
Graham: Under Trump, GOP has put welcome mat out for the David Dukes of the world
Death of baby dolphin as bathers play with it, take photos triggers outrage in Spain
Yes, Daniel Craig will return as 007
Sync your schedule with whats going on around the solar system
Violent weekend in #ElSalvador leaves 67 dead | Via @PanAmPost_es
STATEMENT BY FORMER PRESIDENTS GEORGE H. W. BUSH AND GEORGE W. BUSH
Recognizing another outstanding KDOR employee--Caroline Hartter. Thanks for all you do Caroline! #Kansas #ksleg
Bringing poverty-alleviating solutions to market in India, Kenya, Nigeria, Tanzania,…
White House names Hope Hicks as interim communications director
In 2016, @Facebook and @Google make up about half of all digital display advertising revenue
WHEN the monuments were built tells you a lot about WHY
Walnut Whips are losing their walnuts amid chocolate downsizing scandal
Excellent reporting by @lizzadwoskin on how Facebook is killing startups innovation.
. @BarackObama’s response to Charlottesville is now the most ‘liked’ tweet of all time
New Insights Into the Survival Techniques of a Prehistoric Beast: #SouthAfrica
Is it OK to punch a Nazi?
How We Got to Here: A #Charlottesville Reading List @Longreads
Guam Residents Hesitant About US-NKorea Tensions
Im surprised Trump hasnt blamed Obama or Hillary for #Charlottesville. (from @AP)
Children of the 1% are 77 times more likely to go to the Ivy League than poor Americans
Colombias FARC completes disarmament
The Real Story of All Those Confederate Statues
An indelible image from President Trumps on both sides press conference, by @megangarber
Tencent to boost AI after profit jumps on mobile games, WeChat
JUST IN: Court rules Arkansas can cut off Medicaid funds to Planned Parenthood
U.S. judge in Takata bankruptcy halts lawsuits against auto makers from @GlobeBusiness
The real prize in #Brexit trade talks. @hecharts @jiboxell explain
If you dont trust science, is the eclipse going to happen? @jameshamblin reports
JUST IN: 3Ms CEO resigns from Trumps manufacturing council- report
Critical detail here, via @gelles
Dudley is just another Goldman Sachs inside man.
With ancient DNA, researchers uncover how cats first became domesticated: @GemmaTarlach
Hurricane watch for next week! #OOTT
Carlton Boah Withdraws Bid From Liberias Presidential Race: #Liberia
Zinc is going bananas.
Could the total solar eclipse reveal a comet?
#Argentina | @CFKArgentina victim of a small taste of her own medicine Via @PanAmPost_es
@johnmoe @AndyRichter
Republican senator Graham says Trumps race remarks dividing US via @Reuters
Let Them Eat IPads! - Bill Dudley Do-Right
New York Fed President Bill Dudley, discussing Fed models at a recent conference.
McConnell says all need to stand against hate and violence via @Reuters
New York Feds William C. Dudley, $AIG Shareholder, Got 2008 Waiver to Work on AIG Bailout
Greece: Drone footage captures destruction caused by forest fires north of Athens
Solving Rwandas energy problem
Heres our running list via @ewolffmann:
This is going to be fun.
Fisher just called this nerd the Primus inter pares of the Fed.
Portland’s commitment to 100 percent renewable energy is already having a tangible impact
Kenya Opposition wants access to elex computers
Behalf and FinWise Bank team to boost SME lending options » Banking Technology
The beautiful thing about the Fed is that you check your politics at the door. - Dick Fisher $BCS
The Tories have missed a chance to show that they care about student debt, says @georgeeaton
Supervolcano Minerals Discovery to Boost Green Cars - Study: #Africa
Suspension Action Against NGOs Stopped: #Kenya
#Minamata Convention, curbing mercury use, is now legally binding #MakeMercuryHistory
This evenings reading.
Marrero Perez claims to have created the Piña colada on August 16, 1954.
Ottawa, B.C. consider help for farmers affected by wildfires From @GlobeBC
Bloomberg View: Let Trump put his own stamp on Nafta – as long as he doesnt destroy it
China hits back at ‘not perfect’ US after criticism of its record on religious freedom
Cartoon
Final turbine installed at worlds first full-scale floating offshore wind farm - BBC News
Protestors condemn the growing pace of# indigenous rights violations in #Brazil.
Fewer and fewer American lives are lost to lighting strikes. #health #progress
#LeBronJames Calls for Love, Unity Before Taking Swipe at Trump
End of U.S. payments to health insurers would cause premiums to rise: CBO
U.S. regulators charge bank employee, six others with insider trading
Bloomberg, 2011
Good Lord - speak of the devil! @CNBC
Save $600 by Aug 18. #ArgusMexRefProds #MexicanEnergyReform #refinedprods #USGC #Mexico
Analyst Baye Larsen quoted in @BloombergBriefs on #NewJerseys plan to shift #lottery revenues to #pensions #NJ
Mugabes Party Registers Youths for 2018 Poll: #Zimbabwe
Classic panamax boxship segment picks up
New Miami liner company readies launch
Cyber-attack wiped up to $300m from Maersk’s books
Baltimore removed four Confederate monuments overnight, @ckmarie reports:
Neo-Nazi website banned by Google gets Russian web domain
#Eurozone growth accelerates, cyclical recovery continues ~Fitch #euro #ECB $EURUSD
Full statement from 3M on their CEO’s resignation from Trump’s council
Why investors should ignore the news cycle: trader
The White House has named 28-year-old Hope Hicks interim communications director
3M CEO Says He’s Resigning From White House Manufacturing Council
Is it legal to ride your bike on the sidewalk when the road is busy? @GlobeDrive
Google Lunar XPRIZE pushes deadline into 2018
Bannon praised Trump for blaming both sides for Charlottesville violence:
Should you try to take a photo of the eclipse? @rboyle31 collects our readers thoughts
I guess they just figure no one has a memory.
All of this was occurring a full year before Lehman Brothers filed bankruptcy.
Tears and tributes at Virginia memorial for rally violence victim Heather Heyer
Migrant rescue operations halt after Libya threat
Duterte brags about “beautiful” drug war after deadliest day yet
Corporate Media Continues to Pump Out Fake News on Wall Street Crash of 2008 @wsj @latimes
11 new products to fall in
Antifa: A Look at the Antifascist Movement Confronting White Supremacists in the Streets
Cities Can’t Prejudge Winner in Green v. Grey Infrastructure Battle
Latin America: Businesses remain wary that conditions will improve further. #SMI
Texas Has Been Keeping Their Anti-Trans Bill Alive All This Time. Now It’s Finally Dead.
Avg hourly wage vs job growth for Real Estate Retail Trade occupations
all percentages are approximate except the purple one
UK labour market strength persisted into Q2, but still generates only meagre wage growth
@StockCats @4Awesometweet @RudyHavenstein @GreekFire23 Until then, we can chill.
Norway most productive country in northern Europe: research
Dem lawmaker demands Trump be removed from office:
Savor this five-senses forecast of future cities
In rare rebuke of Trump, UKs May says leaders must condemn far-right views
Doesnt take much for us to give up our #privacy, does it?
Surely $JPM, run by St. Jamie, is different?
Yes, China is different. #Tencent knockout today, $BABA tomorrow...
WATCH: Colbert: Trumps Charlottesville remarks came from the seventh circle of hell
Educators say reactions to Charlottesville reveal need for better teaching of history
Bush Presidents: Americans Must Reject Racism After Charlottesville
FEATURE: Holidays with a purpose provide discovery, adventure | by @alix_norman:
This surreal installation is like stepping into a capitalist nightmare
Canadas dairy industry a major sticking point in NAFTA talks
After surviving last week, the stock market is as resilient as ever
What’s the point of Theresa May’s government?
From oversold to overbought. OB can get more OB, but how much upside is left? $SPX $SPY @MarketCharts
FWIW - This may be the most important, and yet least paid attention to tweet of the day.
So how does Citigroup handle honest employees? $C
McConnell says there are ‘no good neo-Nazis’ after Trump’s ‘very fine people’ comment
Nanoengineers made antibiotic-carrying micromotors to treat infections
Kenyas opposition leader Odinga to challenge President Kenyattas victory in court
More Americans think @realDonaldTrump supports white nationalism than opposes it
Assuming this is a lie since, come on its a nazi blog, but still
Its goodbye from me (almost!)
Both Wall Street and Its Regulators Fire Whistleblowers $BCS
More countries join the euro-area recovery bandwagon via @mariatad
Amazon shares drop after Trump tweet claims the company is doing great damage
Coin offerings to dwarf VC investment in blockchain $
What it’s like at the Super Bowl of eSports
And the best state to grow old in is...
Paul Zeises mailbag: Will Bob Nutting fire Clint Hurdle or Neal Huntington? #Pirates
Merkel’s challenger says Trump’s “downplaying of Nazi violence” is “highly dangerous”
Poll: Trumps approval rating hits new low
UK Navys biggest ship sails into its homeport
Global growth peaked, and is rolling over in EMs (from Goldman)
Theresa May: HMS Queen Elizabeth signals Britains role on world stage as global power -
Asked what POTUS should say about white nationalists, @SenRonJohnson says you tell me, says he wants to move on
Federal Reserve Vice Chairman Stanley Fischer did quite well at Citigroup. $C
When liberal allies have your back.
100 Days - Controversy Follows Buharis Continued Absence From Nigeria: #Nigeria
Did Michelangelo Hide Secret Messages in the Sistine Chapel’s Ceiling?
Two more charts for bulls to snuggle up with
Theresa May condemns Big Ben’s silence – but stays silent on Donald Trump’s Nazi defence
Irans military chief in rare visit to Turkey for Syria talks
Korea and Venezuela: Flip Sides of the Same Coin | @JacobHornberger @FutureofFreedom
Hicks made interim WH communications director
What the Lack of Accountability for Marikana Says About Zumas Govt: #SouthAfrica
Kenyas Election - the Good, the Bad and the Memorable Moments: #Africa
#Earthquake magnitude 4,8 - 175,7 km from #Kallithea - #Greece
Trump says in tweet Amazon does great damage to retailers
Welcome to Velotopia indeed! @planetizen #velotopia @nai010
LIVE: @DraftKings CEO talks about what people get wrong about #DFS -
In #Trinidad, Venezuelan refugees struggle with hostile welcome
Fox Friends guest breaks down in tears: Anyone who defends Trump is morally bankrupt
Brexit to shake up Germany’s uneventful electoral campaign
Watch VICEs Emmy-nominated documentaries for free online right here:
An Army helicopter with five people onboard has crashed off Hawaii, the Coast Guard says
Hope Hicks named White House interim communications director
Which looks better right now $WMT or $AMZN?
Spot copper up over 7 cents
A universal basic income wont help the idle, but make-work programs can
@ThomasEWoods and @_ThatGuyT from #MisesU. The best week of the year!
Get unlimited access to digital content – up to 5 new articles per day. Subscribe now.
IBM has just filed a patent for drone-to-drone midair handoffs: @jeremyhsu
Sports anti-doping strategy revolves around a deeply flawed article of faith
Tips for observing #Eclipse2017, from @eapsMIT Professor Rick Binzel:
Beyond Melbourne, Victorias arty regional centres by @Aerohaveno #travel
LIVE: @DraftKings CEO @JasonDRobins talks about how he plans to attract new viewers -


Mike Shedlock

Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. He operates the blog MISH'S Global Economic Trend Analysis and believes in the Austrian School of economics.


Conversation With a 25-Year Short-Haul Trucker

10 days ago




Last night my wife Liz and I went out to a local restaurant for dinner. We like to sit at the bar as service is often quicker and you can talk to the people next to you.

I struck up a conversation with the person sitting on my right. He (let’s call him SH) has been in the trucking industry for 25 years and will retire in perhaps 3-4 years. SH agrees with me that major changes are coming.
Anonymous Truck Driver Soon to be Gone

Image from Job Descriptions for a Heavy Haul Driver.

SH is a short-haul trucker. By his description of what he does, SH fits the standard definition of long-haul. However, there are no industry-wide hauling definitions.

The above link says “These terms don’t have strict definitions but short-haul trucking often involves driving within a 150-mile radius. Long-haul drivers usually have a driving radius of 250 miles or more.”

SH drives hub-to-hub, never to end destinations. He defines short haul simply as the ability to return home every night. His limiting factor is 11 hours, the maximum amount of continuous driving.

For now, new terms are needed. I propose short haul as local, mid haul as what SH does, and long haul which I define as away from home over 11 hours.

Definitions aside, we got to talking about self-driving vehicles and he believes, as I do, that major disruptions will come sooner than most people expect.

SH’s Job Routine

  1. SH drives his car to a trucking hub.
  2. He picks up a loaded truck and drives 4-5 hours in one direction.
  3. He drops off the load at a designated hub.
  4. He picks up a load or another truck that someone else dropped off.
  5. He drives that load back 4-5 hours at his starting hub.
  6. SH picks up his car and drives home.

Drivers Not Needed

Why is SH needed?

Currently, drivers are required.

The moment drivers are not required, the cost of the driver, the cost of the driver’s benefits, and the mandated down time will all go away.

In addition to the 11-hour limit, there are many additional restrictions as noted by the FMCSA Summary of Hours of Service Regulations.

Particularly limiting is the 60/70-Hour Limit: “Property carrying drivers may not drive after 60/70 hours on duty in 7/8 consecutive days. A driver may restart a 7/8 consecutive day period after taking 34 or more consecutive hours off duty.”

Decision Factors

  1. Current Setup: The cost of the driver and benefits. The cost of maintenance. The cost of fuel. The cost of insurance. The limit of 11 hours of daily driving and a maximum of 60 hours in seven days.
  2. Self-Driving, Electric: Cost of the electric truck. The cost of the autonomous hardware and software. Lower maintenance costs (electric motors gave far fewer parts). Lower insurance costs.
  3. Self-Driving, Fuel: The cost of the autonomous hardware and software.

Time Frame

As soon as the benefits of getting rid of the driver exceed the associated costs, change will happen amazingly fast.

I glean from my conversation with SH that the infrastructure hubs for option 3 are already in place. Thus, the limiting factor for option 3 is approval by the department of transportation.

Electric recharging stations may be another matter. I failed to ask about recharging capacity.

Using my definitions, the medium and long haul drivers will all vanish as soon as autonomous vehicles are approved for highway travel.

At the hubs, some additional people may be needed for maintenance, charging, switching loads etc, but the drivers will be gone.

The hub model works even if drivers are needed to make the final dropoff.

Mike “Mish” Shedlock