Economy & Business

"Putin and the Federal Coal Lease in Montana"

"Will Russian President Vladimir Putin get richer thanks to a sweetheart government coal deal in Montana? Last month the Treasury Department informed Congress that Mr. Putin personally held an interest in an international oil and gas investment fund called the Gunvor Group, run out of Geneva, Switzerland. Team Putin adamantly denied his involvement, but the Treasury Department insisted it was right."

Source: Huffington Post, 06/05/2014

Barclays Downgrades Electric Utility Bonds on Viable Solar Competition

"Barclays this week downgrades the entire electric sector of the U.S. high-grade corporate bond market to underweight, saying it sees long-term challenges to electric utilities from solar energy, and that the electric sector of the bond market isn’t pricing in these challenges right now. It’s a noteworthy downgrade since electric utilities which make up nearly 7.5% of Barclays’ U.S. Corporate Index by market value."

Source: Barron's, 05/28/2014

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