Tidbits
Brazilians will pay more for electricity in September as local power regulator Aneel decided to impose an additional charge on bills due to a drop in reservoir levels at hydroelectric plants amid the country's dry season.
Dry weather across Germany has led to low water levels in the River Rhine, preventing cargo vessels from sailing fully loaded and boosting freight rates.
Kamala Harris wants to tax “unrealized profits.” If you bought land for $5,000 and it is now worth $11,000 and you still own it, you have $6,000 per acre of “unrealized profit.” If the land was sold for $11,000, you would have $6,000 of “realized profit” because that $6,000 is in your bank or under the mattress. If you contracted 2025 wheat at $7.40, you have about $2 a bushel of “unrealized profit” which you would need to plan on paying the income tax even if not delivered and value not paid to you.