What I read this week...
Nigeria's bet on solar, Plaid's shift into lending, and childhood vaccine exemptions
Caught my eye…
Nigeria ends fuel subsidies for gasoline and diesel, making the cost of solar energy on par with unsubsidized gasoline. Bloomberg estimates that Nigeria could become one of the first countries where off-grid solar can build grid-scale volumes.
Plaid has formed a new entity to act as a consumer reporting agency (CRA), a major shift from its previous position that it should not be considered one. While Plaid currently aggregates raw bank account data, this move enables Plaid to refine this data into attributes and models to aid with lending decisions.
The CDC reports a record high in U.S. childhood vaccine exemptions, with 3% of kindergarteners in 2022-2023 granted a vaccine exemption from their state. This trend is most pronounced in states like Idaho, where over 12% of kindergarteners were exempted. The rise in exemptions across forty states raises concerns about increased vulnerability to preventable diseases like measles and whooping cough.
Other reading…
Deflation Is the Last Thing China’s Recovery Needs (Bloomberg)
Peter Thiel is Taking a Break From Democracy (The Atlantic)
The 20 Farming Families Who Use More Water From the Colorado River Than Some States (Desert Sun)
Biden announces $16.4B in new funding for Amtrak’s Northeast Corridor (The Hill)
Can Humans Control the Weather? Japanese Scientists Think They Can (Bloomberg)
Reducing the fuel subsidies was one of the best policies Nigeria ever did. The 2nd and 3rd order affects on the fuel subsidies were cancerous. The vehicle per population ratio is at at 0.06. It is absolutely not needed to spend tens of billions for a consumption subsidy that only benefits the small proportion of Nigerians that own a car.
The generous fuel subsidy that Nigeria started in the 1970s created a team sport of the corruption:
https://open.substack.com/pub/yawboadu/p/nigerias-oil-corruption?r=garki&utm_campaign=post&utm_medium=web
This is great. I look forward to this each week.