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Washington Post (March 6)

2018/ 03/ 08 by jd in Global News

“As the saying goes, you don’t miss the water until the well runs dry: This deeply aberrant presidency threatens to cost the nation much more than even some of President Trump’s harshest critics may realize…. It’s easy to lose the habits and values of democracy, but incredibly hard to get them back. Perhaps most difficult is to recover lost faith in the rule of law.”


Fortune (February Issue)

2018/ 02/ 26 by jd in Global News

The cost of “suffocating air pollution” is higher than imagined. The World Bank had estimated in 2016 that air pollution resulted in health costs of $5 trillion a year, but other losses could especially hit developing countries. “High pollution levels are capable of causing net out-migration of 5%—a potentially devastating economic blow, especially because those most likely to leave are wealthy and educated.”


The Economist (February 3)

2018/ 02/ 05 by jd in Global News

University degrees are becoming more widespread. In South Korea, for example, 70% “of pupils who graduate from the country’s secondary schools now go straight to university… up from 37% in 2000.” The cost of a degree is also rising and evidence suggests ROI is falling. Still, “most young people will want a degree. It may not boost their earnings as much as they had hoped, but without one, they will probably fare even worse,” as a degree has also become the entry level threshold for many positions.


Bloomberg (June 20)

2016/ 06/ 20 by jd in Global News

“Brexit stresses are seeping into virtually every corner of the global foreign-exchange market. Of 16 major currencies tracked by Bloomberg, all but three have seen a jump in the cost to hedge against big declines.” The Japanese yen Brazilian real and Swiss frank are the three exceptions.


Financial Times (June 14)

2015/ 06/ 15 by jd in Global News

“The slow pace of the shift away from fossil fuels is evidence of their compelling advantages in terms of cost and convenience. Tackling the threat of catastrophic climate change cannot rely on wind and solar power alone but requires multiple changes, including a shift within fossil fuels away from coal towards gas.”


USA Today (November 9)

2014/ 11/ 10 by jd in Global News

Instead of urgent action to remove defective air bags from vehicles, “air bag maker Takata and its biggest customer, Honda, conducted glacial, piecemeal recalls that have left drivers in jeopardy.” Why the National Highway Traffic Safety Administration (NHTSA) hasn’t done more remains a mystery, though it’s clear why the other parties have dallied. “The problem might pose an existential threat” for Takata. “And for Honda, finding and replacing the faulty air bags—installed in many models for many years—imposes a massive cost.”


The Economist (September 20)

2014/ 09/ 21 by jd in Global News

“The cost of halting Ebola’s spread is also rising exponentially. In August the World Health Organisation estimated that it would take nine months and cost $490m to contain Ebola. Now it reckons the cost has risen to over $1 billion. The longer the world prevaricates, the harder and costlier it will be to contain this outbreak.”


The Economist (July 26)

2014/ 07/ 27 by jd in Global News

“ONE trillion dollars. That may be the cost to Russian investors of Vladimir Putin’s rule…. The calculation stems from the fact that investors regard Russian assets with suspicion. As a result, Russian stocks trade on a huge discount to much of the rest of the world, with an average price-earnings ratio (p/e) of just 5.2. At present, the Russian market has a total value of $735 billion. If it traded on the same p/e as the average emerging market (12.5), it would be worth around $1.77 trillion.”


USA Today (March 10)

2014/ 03/ 11 by jd in Global News

The fruitless search to locate the missing Malaysia Airlines flight, let alone determine what caused its fate, highlights just how outdated the black-box is in a world of 24/7 connections. This “disappearance is a powerful argument for upgrading black-box technology to allow planes to live-stream vital information when they get into trouble—a suggestion that airlines have resisted because of the cost.”


Wall Street Journal (July 15)

2013/ 07/ 17 by jd in Global News

“India’s state-run telephone company delivered its last telegram on Sunday. We are told an era is ending, as if mankind’s desire to communicate isn’t ageless.” For 163 years, telegrams served a purpose in India, but e-mail, SMS and Twitter are increasingly filling the need. Bharat Sanchar Nigam Limited had been losing approximately $23 million annually on telegrams since volume dropped to 5,000 daily “from 160,000-odd before smart phones and email.” In the U.S., Western Union eliminated telegrams in 2006 for similar reasons. Ironically, the short Twitter format of “140 characters pushes the limits of verbosity in a telegram,” but of course at greater speed and zero cost.


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