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October 2018
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Chicago Tribune (October 19)

2018/ 10/ 21 by jd in Global News

“As genetic engineering continues to advance, playing God has never seemed so easy. Yet humans have never seemed so powerless.” We may finally be able to “create blue roses. But our real talent is destruction.” Collectively, we prefer to ignore this. While our denial continues, “the fish of the sea, the birds of the air and all the creatures that crawl on the Earth will disappear.”


Oil (October 18)

2018/ 10/ 20 by jd in Global News

“An estimated 20 million barrels are destined to flow from Iran to China over the next few weeks, up from the usual 1 to 3 million barrels each month.” The Trump administration is unlikely to halt Iranian oil. Furtive shipments from Iran to India” also “demonstrate the limits of U.S. power.” Even after the November 4 deadline, “discounts, off-the-books shipments, bartering and other clandestine maneuvers should keep some Iranian oil flowing.” The deals are simply too “hard to pass up for would-be buyers.”


Wall Street Journal (October 17)

2018/ 10/ 19 by jd in Global News

“Facing U.S. trade sanctions, the world’s largest exporting nation, China, is cultivating a new image—as an importer.”


Reuters (October 17)

2018/ 10/ 18 by jd in Global News

“Financial markets have some things in common with professional sport. Investors and fans are both desperate for winners and despondent about losing. They are passionate about little ups and downs, while outsiders often find the rules arcane and the enthusiasm weird. And for both, all the jumping and screaming has little effect on the rest of the economy.”


LA Times (October 16)

2018/ 10/ 17 by jd in Global News

“Scientists believe that Earth is in the throes of a sixth great extinction. Humans are causing it. Ultimately, we could become the victim of our own excesses.”


Institutional Investors (October 16)

2018/ 10/ 16 by jd in Global News

Increasingly philanthropic foundations are being designed to expire rather than continue in perpetuity. “50 years ago, spend-down strategies accounted for 5 percent of the total assets of America’s 50 largest foundations, compared with 24 percent in 2010. As the number of ultrawealthy people in the world grows, the number of spend-down foundations is expected to rise.” The Bill & Melinda Gates Foundation is one such foundation as it’s designed to “spend out 50 years after the founders die.”


Washington Post (October 14)

2018/ 10/ 15 by jd in Global News

Trump’s reckless Middle East “ambitions have been revealed as the misguided fantasies they always were. The disappearance and alleged murder of Saudi journalist Jamal Khashoggi inside the Saudi Consulate in Istanbul has exposed the real return on Trump’s gambits: a string of reckless acts by the Saudis and Israelis that have made the region more rather than less unstable.” Both Israel and Saudi Arabia “have exploited Trump’s indulgence to the hilt, taking actions they never would have dared under Obama or any other previous president.”


The Economist (October 13)

2018/ 10/ 14 by jd in Global News

“Just a year ago the world was enjoying a synchronised economic acceleration. In 2017 growth rose in every big advanced economy except Britain, and in most emerging ones.” Today, “the story is very different” and America alone is still outperforming. “This week’s market volatility suggests time could be short. The world should start preparing now for the next recession, while it still can.”


Bloomberg (October 12)

2018/ 10/ 13 by jd in Global News

“China’s car market has been one of the most reliable engines of global growth for decades. Now that all might be coming to an end…. Purchases of passenger vehicles by dealerships plunged for a third straight month…. The industry is now facing the prospect of its first contraction since at least the 1990s.”


Seeking Alpha (October 11)

2018/ 10/ 12 by jd in Global News

“Recent history has taught us to buy the dip. Even the eye-watering declines in February proved worth buying. But this time looks different. This may not be a dip worth buying.”


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