Bloomberg (April 8)
“Almost $1.5 trillion of US commercial real estate debt comes due for repayment before the end of 2025. The big question facing those borrowers is who’s going to lend to them?” Morgan Stanley has estimated “office and retail property valuations could fall as much as 40% from peak to trough, increasing the risk of defaults.” Regional banks are now skittish about lending and “the wall of debt is set to get worse before it gets better.”
Tags: $1.5 trillion, 2025, Borrowers, Commercial real estate, Debt, Defaults, Morgan Stanley, Office, Peak, Regional banks, Repayment, Risk, Skittish, Trough, U.S., Valuations
BBC (November 3)
“The Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years,” indicating that “the UK would face a ‘very challenging’ two-year slump with unemployment nearly doubling by 2025.” The BoE’s forecast paints “a picture of a painful economic period, with the UK performing worse than the US and the Eurozone.”
Tags: 2025, BOE, Challenging, Doubling, Forecast, Interest rates, Longest, Painful, Recession, Records, Slump, U.S., UK, Unemployment, Warned, Worse
Wall Street Journal (February 10)
European scientists have set a “nuclear-fusion energy world record” and the “findings suggest this approach can be scaled-up for use in power plants.” The experiment successfully “generated 59 megajoules of fusion energy for five seconds,” but “the researchers weren’t able to overcome a major obstacle: generating more energy than they had to put into the experiment.” A scaled-up version looks set to do so as early as 2025. Currently “35 firms globally are racing to be the first to create net-energy machines and to commercialize them by delivering electricity to the power grid.”
Tags: 2025, Commercialize, Electricity, Energy, Europe, Net-energy machines, Nuclear fusion, Obstacle, Power grid, Power plants, Scientists, World record
Boston Globe (November 26)
Domestic car makers are balking over proposed fuel efficiency requirements designed to bring corporate average fuel economy (CAFE) standards up to 54.5 miles per gallon by 2025. The standards should be enacted. “Technology has caught up with every previous standard, allowing Americans to save fuel while still driving the largest vehicles in the world….The result will be a major step toward independence from foreign oil, with the least possible disturbance of American driving habits.”Domestic car makers are balking over proposed fuel efficiency requirements designed to bring corporate average fuel economy (CAFE) standards up to 54.5 miles per gallon by 2025. The standards should be enacted. “Technology has caught up with every previous standard, allowing Americans to save fuel while still driving the largest vehicles in the world….The result will be a major step toward independence from foreign oil, with the least possible disturbance of American driving habits.”
Tags: 2025, Automakers, CAFE, Efficiency, Oil, Technology, U.S.
Time (May 2)
Urbanization is transforming the global economy and lifting millions out of poverty. A study from the McKinsey Global Institute shows that 20% of the world’s population resides in 600 urban centers, which “account for some 60% of worldwide GDP.” McKinsey believes the mix of urban areas will change dramatically by 2025. Emerging cities, and especially those in China, must be a focus for businesses that want to succeed globally. By 2025, 21 of the 25 top growth cities are forecast to be in the developing world, flanked by Tokyo, New York, London and Los Angeles from the developed world.
Urbanization is transforming the global economy and lifting millions out of poverty. A study from the McKinsey Global Institute shows that 20% of the world’s population resides in 600 urban centers, which “account for some 60% of worldwide GDP.” McKinsey believes the mix of urban areas will change dramatically by 2025. Emerging cities, and especially those in China, must be a focus for businesses that want to succeed globally. By 2025, 21 of the 25 top growth cities are forecast to be in the developing world, flanked by Tokyo, New York, London and Los Angeles from the developed world.
