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The Economist (October 30)

2021/ 10/ 31 by jd in Global News

“Remote-first work is taking over the rich world…. From Turin to Tokyo, commercial areas of cities remain substantially quieter, compared with pre-covid norms, than residential ones.” Not everybody has the option, but, office workers remain committed to remote work, “spending most of their paid time out of the office.” Fully “40% of all American working hours are still now spent at home.”


CNBC (October 28)

2021/ 10/ 30 by jd in Global News

In what may prove a seminal for Big Oil, activist Dan Loeb is “calling for the breakup of Royal Dutch Shell into a legacy oil and gas company and separate business for renewable energy.” The activists battle with Shell lies “at the heart of how an energy giant of the future shapes its business model during the energy transition and balances higher return fossil fuel projects with clean energy investment.”


Wall Street Journal (October 28)

2021/ 10/ 29 by jd in Global News

The U.K. dialed back government stimulus for the fast growing British economy, one of the first big Western economies to step away from the emergency policies put in place to tackle the coronavirus pandemic.” The shift is being spurred by “a buoyant growth outlook and concern over surging inflation,” which is “expected to accelerate to around 5% next year, more than double the BOE’s 2% goal.”


BBC (October 27)

2021/ 10/ 28 by jd in Global News

“The impact of Brexit on the UK economy will be worse in the long run compared to the coronavirus pandemic.” According to Richard Hughes, the chairman of the Office for Budget Responsibility, “leaving the EU will reduce the UK’s potential GDP by about 4% in the long term” while the impact of the pandemic is forecast as a 2% contraction of GDP.


Claims Journal (October 26)

2021/ 10/ 27 by jd in Global News

The “COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the 2015 Paris Agreement. The stakes for the planet are huge – among them the impact on economic livelihoods the world over and the future stability of the global financial system.”


Australian Financial Review (October 25)

2021/ 10/ 26 by jd in Global News

“Inflation will be the key issue for financial markets in coming years, with investors set to reap massive profits or suffer swingeing losses, depending on whether they make the right call on the stickiness of price pressures.” Astute investors are now figuring out strategies, like shortening bond maturities within their portfolio, to help “insulate their investment portfolios from the threat of rising inflation.”


Bloomberg (October 25)

2021/ 10/ 25 by jd in Global News

“China’s economy risks slowing faster than global investors realize as President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from education to technology combine with a power shortage and the pandemic.”


New York Times (October 22)

2021/ 10/ 24 by jd in Global News

Recent reports released by the federal government make clear that “climate change poses a widening threat to national security.” The reports lay out “the ways in which the warming world is beginning to significantly challenge stability worldwide.” These include “Worsening conflict within and between nations. Increased dislocation and migration as people flee climate-fueled instability. Heightened military tension and uncertainty. Financial hazards.”


Los Angeles Times (October 21)

2021/ 10/ 23 by jd in Global News

“As more communities across California require proof of vaccination at many retailers and other public venues, the battle over enforcement of the new rules is just beginning to heat up.” Though “many businesses have welcomed these sorts of rules,” others resent the additional burden enforcement places on them in terms of time and staffing requirements, as well as the potential for conflict.


Reuters (October 21)

2021/ 10/ 22 by jd in Global News

“Current debates about inflation are mostly concerned with how long it will persist. Will inflation be transitory, as the central bankers insist? Or will consumer prices continue rising for years to come, as the bond bears maintain?” The blind spot seems to be a consideration of “how today’s highly financialised modern economies are likely to respond to a change in the inflation regime.”


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