Washington Post (January 6)
“The Republican Party’s troubles are severe” and it’s “having a nervous breakdown in full public view…. But it is not alone. In many countries around the world, populists are flailing.” They have emerged “as an opposition movement,” but the “shallowness of its policy proposals” is being exposed. “The world’s complicated problems will always allow for someone who proposes answers that are simple, seductive and wrong. But let us hope that 2023 will see populism exposed for the sham that it is.”
Tags: 2023, Exposed, Flailing, Nervous breakdown, Opposition movement, Populists, Republican Party, Seductive, Severe, Shallowness, Sham, Simple, Troubles, Wrong
New York Times (October 3)
“Hurricanes and recessions are alike in many ways,” and we might be able to understand both better by thinking about the other. Both phenomena “cause enormous damage,” “are hard to predict” and “depend on feedback effects,” but “a recession doesn’t leave yachts stacked up on shore like a child’s toys.” Still, the damage from a recession can be just “as severe and is certainly more widely spread than a hurricane’s. Hang on to your hat.”
Tags: Damage, Enormous damage, Feedback effects, Hang on, Hurricanes, Phenomena, Predict, Recessions, Severe, Understand, Yachts
Investment Week (May 18)
“Credit fundamentals have worsened since the market sell-off began, although central banks could provide some companies with a soft landing and many firms have drawn on their credit lines in a bid to stay afloat.” Even though “the impact is highly correlated across geographies, industries and asset classes…the potential outcomes are too severe to only affect equities and credit-market fundamentals have undoubtedly been impacted.”
Tags: Asset classes, Central banks, Correlated, Credit, Equities, Fundamentals, Geographies, Industries, Market, Outcomes, Sell-off, Severe, Soft landing, Worsened
The Los Angeles Times (January 26, 2014)
After three years of severe drought, Californians are being asked to cut water usage by 20%. The drought, billed as the worst in over a century, “serves as a reminder of the urgent need for action—to plan, to conserve, to store, to reuse, to transport and to share the state’s most precious resource.”
Tags: Action, California, Conserve, Drought, Plan, Reminder, Reuse, Severe, Share Resources, Store, Transport, Urgent need, Usage, Water
