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September 2021
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San Francisco Chronicle (September 16)

2021/ 09/ 17 by jd in Global News

Governor Newsom’s “overwhelming victory in Tuesday’s recall election was, on most levels, cause for celebration. A loss would have been a disaster for the state at a time it could least afford it.” As Trump’s grip loosens, the ex-President remains “a pustule on the face of the nation,” but is no longer “even the biggest pockmark in his home state of Florida.” This recall sham was “perpetrated by a party that would rather play dirty tricks than adjust its policies to the 21st century. And voters knew it.”


Market Watch (September 16)

2021/ 09/ 16 by jd in Global News

“The U.S. passed another grim milestone in the coronavirus pandemic on Thursday, when the number of fatalities from COVID-19 passed 666,000, meaning that about 1 in every 500 people living in America has died of the illness.” And with just under 2,000 deaths from COVID a day, “the U.S. is suffering more deaths every two days than in the terrorist attacks of Sept 11, 2001.”


The Guardian (September 15)

2021/ 09/ 16 by jd in Global News

“Every one of the world’s leading economies, including all the countries that make up the G20, is failing to meet commitments made in the landmark Paris agreement in order to stave off climate catastrophe, a damning new analysis has found.” With COP26 approaching, “none of the largest greenhouse gas emitting countries have made sufficient plans to lower pollution to meet what they agreed to in the 2015 Paris climate accord,” leaving the world “on track for 3C temperature increase if present trends continue.”


The Times (September 14)

2021/ 09/ 15 by jd in Global News

“Only 0.5 per cent of Covid-19 deaths in the first six months of the year followed ‘breakthrough infections’ in fully vaccinated people, figures show…. The Office for National Statistics said only 256 out of 51,281 coronavirus deaths appeared to be true “breakthrough” infections, in which people tested positive at least a fortnight after their second dose.”


South China Morning Post (September 13)

2021/ 09/ 14 by jd in Global News

“Even as they struggle with one of the world’s worst Covid-19 outbreaks, nations across Southeast Asia are slowly realising that they can no longer afford the economy-crippling restrictions needed to squash it…. Regulators are pushing forward with plans to reopen, seeking to balance containing the virus with keeping people and money moving.”


Reuters (September 13)

2021/ 09/ 13 by jd in Global News

“Shortages of metals, plastics, wood and even liquor bottles are now the norm.” As these “hobble” the U.S. economy, “new challenges continue to arise, including hurricane disruptions to U.S. oil refineries.” Supply lines present additional challenges. “With so many manufacturers rushing to build supplies at the same time, the containers, ships, and trucks needed to move the goods often aren’t available, and have soared in cos…. That has disrupted some of the mechanisms that normally help keep supplies, and prices, in check.”


Wall Street Journal (September 12)

2021/ 09/ 12 by jd in Global News

“Joby Aviation, which plans to begin an electric air taxi service in 2024, is worth more than Lufthansa, EasyJet or JetBlue…. Earlier this year, Tesla was worth more than the next nine car manufacturers combined, though now only the next six. Beyond Meat, made with pea protein, is worth more than the entire market for peas eaten globally…. Do fundamentals even matter?”


Institutional Investor (September 9)

2021/ 09/ 11 by jd in Global News

“The pandemic has made Europe’s top executives smarter… and humbler. From supply-chain issues to unforeseen social and cultural hurdles, business leaders in Europe and around the world have learned hard and valuable lessons over the last two years.”


New York Times (September 9)

2021/ 09/ 10 by jd in Global News

“The crypto revolution is bringing financial services to the unbanked, but not without risks.” The crypto “market is expanding quickly — in all sorts of directions,” giving rise to new “Shadow Banks.” Crypto customers “can earn much higher interest rates than at traditional banks, and they can borrow money, using crypto as collateral, often with no credit checks,” but the potential dangers include hacks, fraud, and the lack of FDIC protection for deposits.


Washington Post (September 7)

2021/ 09/ 09 by jd in Global News

“Mr. Xi’s two predecessors allowed China’s people more personal freedom and provided a rising living standard,” but he “is reversing that by putting more of an ideological stamp on society.” Aside from widely publicized new limits on video games and screen time, on September 2, the television regulator “banned effeminate men on the screen” out of “official concern that Chinese pop stars, imitating the sleek look of some South Korean and Japanese singers and actors, were failing to encourage China’s young men to be masculine enough.” Mr. Xi may know best “about everything, on behalf of everyone. But the more power concentrates in one man, the more brittle the system may become.”


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