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Washington Post (September 29)

2022/ 09/ 30 by jd in Global News

“Climate change is rapidly fueling super hurricanes. An unprecedented number of storms rated Category 4 or stronger have lashed the U.S. shoreline in recent years.” Factors include “the warming waters…that give hurricanes more energy to release through crushing winds and pounding waves.” Moreover, climate change may be slowing the movement of storms, giving them “a greater opportunity to strengthen and destroy as long as day-to-day conditions remain ripe.”

 

Seattle Times (September 27)

2022/ 09/ 29 by jd in Global News

“Built to carry nine passengers and one or two pilots,” the flight demonstrated “the potential for an electric commercial commuter aircraft flying a few hundred miles between cities at an altitude of around 15,000 feet.” Clearly, “the technology is pioneering and puts this region at the forefront of efforts to develop a zero-emission, sustainable era in aviation.” The larger question, however, is “whether it can deliver the economic returns necessary to become a commonplace mode of air travel.”

 

The Detroit News (September 27)

2022/ 09/ 28 by jd in Global News

“General Motors Co. executives are delaying the timeline for bringing white-collar workers back to the office after backlash from a decision released last week requiring employees to return to in-person work three days a week.” This week, executives sent a new memo to backtrack on the in-person requirements, pledge not to change attendance policies until at least 2023Q1, and promise not to “mandate which days employees go to the office.”

 

The Guardian (September 27)

2022/ 09/ 27 by jd in Global News

“Turmoil in financial markets which saw the pound fall to a record low against the dollar dominates today’s front pages. The currency tumbled as investors lost confidence in the UK’s public finances after last Friday’s mini-budget.”

 

Bloomberg (September 26)

2022/ 09/ 26 by jd in Global News

“Asian markets risk a reprise of crisis-level stress as two of the region’s most important currencies crumble under the onslaught of relentless dollar strength. The yuan and yen are both tumbling due to the growing disparity between an uber-hawkish Federal Reserve and dovish policy makers in China and Japan.”

 

Fortune (September 24)

2022/ 09/ 25 by jd in Global News

“Nowhere is this crisis more pronounced and more dangerous than in Europe, where a long-standing gambit on cheap Russian gas has backfired.” With winter, it looks certain to get even worse. “Even the slightest uptick in energy demand… could push entire sectors of Europe’s manufacturing industry to shut down entirely, devastating European economies with a wave of unemployment, high prices, and in all likelihood public unrest and divisions between European nations.”

 

CNBC (September 24)

2022/ 09/ 24 by jd in Global News

“The airline race for a breakthrough fuel to cut one billion tons of carbon is just starting.” As a result of the Inflation Reduction Act, “more investor money is expected to flow into green hydrogen… with climate analysts describing the tax credits as being a huge driver for sustainable aviation fuels because science aside, the biggest challenge with scaling up these operations and SAF production has been the financial incentive.”

 

Institutional Investor (September 23)

2022/ 09/ 23 by jd in Global News

“The pushback against environmental, social, and governance investing by red state politicians isn’t yet slowing down many asset managers’ expansions into strategies that have been among the most popular in recent years.” There is “no doubt the anti-ESG movement is gaining traction and could disrupt the industry,” but it’s still “business as usual” for “many global managers targeting investors in the U.S.”

 

New York Times (September 22)

2022/ 09/ 22 by jd in Global News

“Rattling his nuclear saber, accusing the West of seeking to ‘destroy’ his country and ordering the call-up of 300,000 military reservists, Mr. Putin implicitly conceded that the war he started on Feb. 24 has not gone as he wished.”

 

Marketwatch (September 20)

2022/ 09/ 22 by jd in Global News

“The number of millionaires in the world is set to nearly double by 2026, despite rising interest rates, looming recession fears and a recent plunge in net worth for some of the world’s wealthiest people.” All told, the number of millionaires “is expected to jump 40% and reach 87.5 million over the next five years.”

 

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