LA Times (December 19)
In its first climate risk assessment, CalPERS, the largest U.S. pension fund, “found that one-fifth of the fund’s public market investments were in sectors that have high exposure to climate change. Those include energy, materials and buildings, transportation, and agriculture, food and forestry.” The report by CalPERS, however, didn’t go into much detail because “less than half of the 10,000-plus companies in their portfolio voluntarily disclose information about their carbon emissions.”
Tags: Agriculture, Assessment, CalPERs, Carbon emissions, Climate change, Energy, Exposure, Forestry, Investments, Materials, Pension fund, Portfolio, Risk, Transportation, U.S., Voluntary disclosure
ABC News (December 18)
“Australia has sweltered through its hottest day on record as the ongoing heatwave starts to bite across parts of the country. The Bureau of Meteorology says the national average for yesterday was 40.9 degrees, eclipsing the previous record set just six years ago. But forecasters say the record could be broken again, with the heat set to intensify over the next two days.”
Tags: Australia, Broken, Forecasters, Heat, Heatwave, Hottest, Intensify, National average, Record, Sweltered
USA Today (December 18)
“Republicans appear intent on extinguishing the most fundamental ingredient of a self-governing republic, the concept of truth. That’s deeply sinister.” Their “impeachment lies” may protect Trump, “but they could destroy America.”
Tags: Destroy, Extinguishing, Fundamental, Impeachment, Lies, Republic, Republicans, Self-governing, Sinister, Trump, Truth
Chicago Tribune (December 17)
“Chicago-based Boeing said Monday that it will suspend production of the Max starting sometime in January.” The 737 Max is the largest U.S. export product. “Shares of major manufacturers that supply Chicago-based Boeing with critical elements of the 737 Max fell Tuesday” and the “ramifications are likely to ripple beyond the factory floor and across both the aviation and manufacturing sectors. The decision could affect the country’s trade balance.”
Tags: Aviation, Boeing, Chicago, Export, Manufacturers, Manufacturing, Production 737 Max, Ripple, Shares, Suspend, Trade balance, U.S.
Wall Street Journal (December 16)
“Impeachable or not, Trump’s foreign policy is reckless. He begins with disruption—breaking things—but lacks the patience and attention to rebuild.”
Tags: Attention, Breaking things, Disruption, Foreign policy, Impeachable, Patience, Rebuild, Reckless, Trump
Reuters (December 16)
With Mark Carney on the way out, the next Governor of the Bank of England will need to “believe in magic…. If all goes well, he or she will not only face the developed world’s current issues of stubbornly low inflation rates, easy credit and climate change. If Brexit also goes wrong, the new bank chief will also need some preternatural gifts.”
Tags: BOE, Carney, Climate change, Developed world, Easy credit, Governor, Inflation, Magic, UK
The Economist (December 14)
“Mandatory quotas for women on company boards” are gaining traction “after softer targets failed to move the needle much.” The Netherlands was the latest country to “join seven European countries (and California) in replacing the carrot of ‘please’ with the stick of ‘or else’ to increase gender diversity.”
Tags: Boards, California, Carrot, Europe, Gender diversity, Mandatory, Netherlands, Quotas, Softer targets, Stick, Women
Newsweek (December 13)
In calling an election, Prime Minister Boris Johnson “hit the jackpot. The Conservative government, which promised to ‘get Brexit done’ and lavish cash on public services, was returned triumphantly with 365 seats, its largest Westminster majority since 1987.” The result “bears many of the signs of a once-in-a-lifetime phenomena—a critical realignment redefining the basis of British politics.”
Tags: Brexit, Conservative, Election, Jackpot, Johnson, Majority, Once-in-a-lifetime, Public services, Realignment, Westminster
New York Times (December 12)
“If there is one singular issue that defines the intersection of business and policy at this moment, it is a deepening trust deficit…. Businesspeople and policy leaders are scrambling for new ways to engender trust with constituents, including shareholders, employees and regulators. Some are trying to be more transparent. Others are diving into political and social issues that used to be verboten. Perhaps more than anything, they’re speaking publicly more about their thinking.”
Tags: Business, Businesspeople, Constituents, Employees, Intersection, Leaders, Policy, Regulators, Shareholders, Singular, Trust, Trust deficit
Fortune (December 10)
“For years, the aerospace industry has been talking about whether electric-powered commercial air travel is viable.” On Tuesday, a flight by an electrified de Havilland Canada DHC-2 ended the debate, signaling “what many aerospace industry insiders say is commercial aviation’s future.” The airline behind the first flight, Harbour Air, “is betting its business on electric motors. The airline expects regulators to certify its retrofitted aircraft in about two years, with commercial flights beginning in 2022.”
Tags: Aerospace industry, Airline, Canada, Commercial aviation, Electric, Harbour Air, Regulators, Retrofitted
