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Financial Times (September 5)

2022/ 09/ 06 by jd in Global News

“The euro dropped on Monday to a new 20-year low after Russia’s decision to shut a major gas pipeline to Europe intensified the energy crisis that has dealt a heavy blow to the region’s economy.” The currency blew past parity, going as low as $0.988 in London. Stocks fell and energy prices surged while “European capitals struggle to contain growing concerns over Russia’s ‘weaponisation’ of gas supplies.”

 

Boston Globe (January 31)

2022/ 02/ 01 by jd in Global News

“It’s almost as if Massachusetts has too many biotechs.” With a “surplus of startups,” reflecting “investors’ desire to pour more money into the world’s leading biotech hub,” the pipeline of qualified workers simply “can’t keep up with the burgeoning demand.” The talent shortage may “inhibit growth” and could “affect the quality of work.”

 

Washington Post (October 2)

2021/ 10/ 04 by jd in Global News

“The commercial pipeline that each year brings $1 trillion worth of toys, clothing, electronics and furniture from Asia to the United States is clogged and no one knows how to unclog it.” The median cost of container shipping *from China to the West Coast of the United States hit a record $20,586, almost twice what it cost in July, which was twice what it cost in January.” Supply chain problems are now “expected to last through 2022.”

 

The Week (May 23)

2021/ 05/ 25 by jd in Global News

In April, the Consumer Price Index (CPI) rose more sharply than it has in 13 years, “putting data behind the warnings that many economists and businesses have been issuing for weeks.” Inflation is dramatically here. “The question is how long it will stay.” The increase may stem from random coincidences (like a pipeline shut down and insufficient chip supply) or they could be transient symptoms of economic rebooting. But the upward swing might also prove harbinger of runaway inflation to come.

 

Wall Street Journal (December 28)

2019/ 12/ 30 by jd in Global News

PG&E was a “plodding utility” virtually “wired to fail.” As a result, it “has sparked deadly fires and pipeline explosions, left millions of Californians in the dark and gone bankrupt twice in less than 15 years.”

 

USA Today (November 9)

2015/ 11/ 10 by jd in Global News

“Innovation is the key to moving from dirtier fuels to cleaner ones.” To the joy of environmentalists, President Obama rejected the proposed Keystone pipeline to carry oil from Canadian tar sands to the U.S. “The main factor behind Obama’s decision is something environmentalists hate even more than Keystone: hydraulic fracturing, or fracking,” which has added over 3.5 million barrels per day to U.S. domestic production. “The lesson for climate change is obvious… If we want to keep oil (and coal) in the ground, we need to make other forms of energy cheaper. That means nurturing technologies such as natural gas extraction. It also means promoting another technology that environmentalists love to hate: nuclear energy.”

 

New York Times (May 11)

2014/ 05/ 12 by jd in Global News

“Antibiotics have transformed medicine and saved countless lives over the past seven decades. Now, rampant overuse and the lack of new drugs in the pipeline threatens to undermine their effectiveness.” The last new class of antibiotics emerged in 1987. Today both standard-treatment and last-resort antibiotics often fail due to growing resistance in germs and bacteria.

 

Global Investor (February Issue)

2014/ 02/ 02 by jd in Global News

“Initial public offerings (IPOs) in the Middle East and North Africa (Mena) region are gathering momentum, with a burgeoning pipeline of deals and renewed optimism of further supply stretching into the future.” Saudi Arabia’s Tadawul Exchange is predicted to be the region’s most active, followed by the Dubai Financial Market, Qatar Exchange and the Abu Dhabi Exchange. “However, some of these companies could look to the London Stock Exchange due to its wider access to international investors. The dearth of liquidity in regional compared with global exchanges remains a challenge for local IPOs.”

 

Wall Street Journal (July 7)

2013/ 07/ 08 by jd in Global News

Amid a North American oil boom, “shipments of crude by rail have shot up sharply, as producers race to get all their new oil to market and as pipeline companies scramble to build new lines or reconfigure old ones to handle the growing volumes.” This may change. “The deadly weekend explosion of a runaway crude-carrying train in Quebec threatens to ratchet up scrutiny of rising crude-by-rail shipments on both sides of the U.S.-Canada border.”

 

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