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USA Today (October 20)

2021/ 10/ 21 by jd in Global News

“Scientists for decades have dreamed of xenotransplantation: using animals to solve the shortage of organs available for human transplant.” This came a step closer with a “groundbreaking operation using a pig’s kidney.” Though the successful transplant into a brain-dead human is only a first step, it may ultimately help reduce the number of deaths, roughly 6,000 annually, of those waitlisted who die before receiving a donor organ.

 

BloombergQuint (October 19)

2021/ 10/ 20 by jd in Global News

Hoarding and food shortages are back, even though “there’s plenty of food. There just isn’t always enough processing and transportation capacity to meet rising demand as the economy revs up. More than a year and a half after the coronavirus pandemic upended daily life, the supply of basic goods at U.S. grocery stores and restaurants is once again falling victim to intermittent shortages and delays.”

 

Wall Street Journal (October 18)

2021/ 10/ 19 by jd in Global News

“China’s economy grew 4.9% in the third quarter from a year earlier, slowing sharply from the previous quarter’s 7.9% growth rate, as power shortages and supply-chain problems added to the impact from Beijing’s efforts to rein in the real estate and technology sectors.” A slowdown was expected, but results fell short of “the 5.1% growth forecast” economists provided last week.

 

South China Morning Post (October 18)

2021/ 10/ 18 by jd in Global News

Coal prices have “more than tripled in a year to near historical highs” and look poised to keep climbing, driven by a coal shortage that could threaten the global economic recovery. “Blackouts could spread from China and India to all the emerging economies still mostly reliant on coal. As supply can’t be ramped up in the near term, the shortages could worsen as energy demand rises with winter’s arrival. That may trigger another emerging-market crisis.”

 

Washington Post (October 17)

2021/ 10/ 17 by jd in Global News

“While Americans are leaving their jobs at staggering rates — a record 4.3 million quit in August alone — hundreds of thousands of workers with similar grievances about wages, benefits and quality of life are…choosing to dig in and fight.” Empowered by the Great Resignation, union action is up sharply in 2021. “Workers are now harder to replace, especially while many companies are scrambling to meet heightened demand for their products and manage hobbled supply chains. That has given unions new leverage, and made striking less risky.”

 

Atlanta Journal Constitution (October 14)

2021/ 10/ 16 by jd in Global News

“Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.”

 

LA Times (October 14)

2021/ 10/ 15 by jd in Global News

President Biden is doing what he can to get the supply chain rolling as he pressures ports to open 24/7. “One of the biggest economic threats is that supply chain bottlenecks and various shortages are sparking higher inflation.” The consumer price index showed year-0n-year inflation jumped 5.4%, “the highest rate in more than a decade.”

 

Bloomberg (October 13)

2021/ 10/ 14 by jd in Global News

“The vital question for many investors has been whether the problems for speculative real estate will cause broader contagion, either through cascading losses in the financial system or through economic weakness.” The former remains unlikely, but “the second — an economic slowdown of which Evergrande is both a cause and a symptom — grows more likely with time.”

 

Santa Monica Daily Press (October 12)

2021/ 10/ 13 by jd in Global News

The most populous state in the U.S. now has “the lowest per capita rate of new coronavirus cases.” Still, California just topped 70,000 cumulative COVID deaths. This is “the most in the nation, surpassing Texas by about 3,000 and Florida by about 13,000, although California’s per capita fatality rate of 177 per 100,000 people ranks in the bottom third for the U.S.”

 

New York Times (October 11)

2021/ 10/ 12 by jd in Global News

What “will become of all the species the planet stands to lose… if human beings cannot halt the rate at which our climate is heating and our habitats are fragmenting and our whole planet is being poisoned?” While it is “entirely possible that we will lose them all…. It’s also not unthinkable that we will yet find a way to work together to prevent the worst calamities from unfolding.”

 

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