The Economist (October 22)
“House prices are now falling in nine rich economies…. In condo-crazed Canada homes cost 9% less than they did in February. As inflation and recession stalk the world a deepening correction is likely.” Falling home prices are unlikely to lead to a global banking crisis, but “it will intensify the downturn, leave a cohort of people with wrecked finances and start a political storm.”
Tags: Banking, Canada, Condo, Correction, Crisis, Deepening, Downturn, Falling, Finances, House prices, Inflation, Intensify, Political storm, Recession, Rich economies, Wrecked
CNN (November 10)
“Johnson has mismanaged Covid, Brexit and the economy. Now his inner circle is falling out…. The political storm surrounding Johnson and his team of advisers broke on the same day that the UK’s coronavirus death toll passed the eyewatering 50,000 figure.” The shakeup could signal an eventual concession to the EU on Brexit as “the simplest route to a breakthrough that would lead to a deal.”
Tags: Advisers, Breakthrough, Brexit, Concession, Covid, Death toll, Economy, EU, Johnson, Mismanaged, Political storm, UK
BBC (September 29)
All of South Australia blacked out when a vicious storm struck, toppling approximately 20 transmission towers and leveling nearly 80,000 lightning strikes, some of these damaged power plants and facilities. The unprecedented weather “has very quickly turned into an Australian political storm, with the state’s dependency on renewable energy now being debated with the full force and bluster of a tornado.”
Tags: Black out, Damage, Dependency, Lightning, Political storm, Power plants, Renewable energy, South Australia, Storm, Transmission towers, Weather
