The Guardian (October 10)
“The latest revelations mark the beginning of the end for the House of Zuckerberg. The Observer’s investigations into Facebook in 2018 exposed a toxic culture. But still the business thrived.” This may seem like déjà vu, but the outcome looks set to drastically differ from the last slap on the wrist, especially if a new legal suit succeeds in proving Facebook “lied to investors.”
Tags: Déjà vu, Exposed, Facebook, Investigations, Investors, Legal suit, Lied, Outcome, Revelations, Toxic culture, Zuckerberg
The Economist (October 9)
“Spending has come roaring back, as governments have stimulated the economy and consumers let rip. The surge in demand is so powerful that supply is struggling to keep up. Lorry drivers are getting signing bonuses, an armada of container ships is anchored off California waiting for ports to clear and energy prices are spiralling upwards. As rising inflation spooks investors, the gluts of the 2010s have given way to a shortage economy.”
Tags: Consumers, Container ships, Demand, Economy, Energy, Gluts, Governments, Inflation, Investors, Ports, Powerful, Roaring, Signing bonuses, Spending, Supply, Surge
Financial Times (October 8)
“High levels of inflation could last longer than expected, senior central bankers in Europe have warned, signalling that persistent supply-chain bottlenecks and soaring energy costs could advance a tightening of monetary policy.”
Tags: Bottlenecks, Central bankers, Energy costs, Europe, Expected, Inflation, Persistent, Supply chain, Tightening, Warned
Wall Street Journal (October 7)
“Natural gas stocks are alarmingly low around the world, and prices in most places have never been higher after surging to new records…. Demand has jumped as economies have bounced back from pandemic shutdowns, and the squeeze has caught traders, shipowners and energy executives off guard.” Nations that “have wound down coal-fired plants and become more dependent on gas” are particularly vulnerable and, in some cases, restarting mothballed power plants despite higher GHG emissions.
Tags: Coal, Demand, Economies, Energy, GHG emissions, Natural gas, Pandemic, Prices, Records, Shipowners, Shutdowns, Squeeze, Stocks, Surging, Traders, Vulnerable
Globe and Mail (October 6)
In Canada, air and rail passengers will soon need to be vaccinated, as will workers at the nation’s largest employer, the federal Government. “Vaccinations will also be required for the hundreds of thousands of people who work in Canada’s public service, as well as those who work in federally regulated industries, such as banking.” The rules come into effect in October.
Tags: Air, Banking, Canada, Employer, Government, Passengers, Public service, Rail, Regulated industries, Vaccinations, Workers
Reuters (October 5)
“The United Kingdom’s 25-year-old model of importing cheap labour has been up-ended by Brexit and COVID-19, sowing the seeds for a 1970s-style winter of discontent complete with worker shortages, spiralling wage demands and price rises.”
Tags: Price rises
San Jose Mercury News (October 4)
“Throughout the Bay Area, companies both large and small are struggling to refill their ranks after last year’s business shutdowns drove laid-off workers to seek pandemic unemployment assistance to find new jobs in other industries. But as bigger companies offer increasingly generous rewards, smaller companies with leaner budgets are struggling to compete in a worker-driven market.”
Tags: Bay Area, Bigger, Budgets, Companies, Generous, Laid-off, Pandemic, Refill, Rewards, Shutdowns, Smaller, Struggling, Unemployment, Workers
Washington Post (October 2)
“The commercial pipeline that each year brings $1 trillion worth of toys, clothing, electronics and furniture from Asia to the United States is clogged and no one knows how to unclog it.” The median cost of container shipping *from China to the West Coast of the United States hit a record $20,586, almost twice what it cost in July, which was twice what it cost in January.” Supply chain problems are now “expected to last through 2022.”
Tags: 2022, Asia, China, Clogged, Clothing, Commercial, Container, Cost, Electronics, Furniture, Pipeline, Record, Shipping, Supply chain, Toys, U.S., West Coast
Bloomberg (October 1)
“The Evergrande fear has receded too easily for comfort… Even without a crisis, the stricken developer will do significant damage to a Chinese economy that already appeared to be slowing.”
New York Times (October 1)
“As species disappear and the complex relationships between living things and systems become frayed and broken, the growing damage to the world’s biodiversity presents dire risks to human societies.” We are living through “one of the most explosive extinction episodes in history” with plant and animal extinction occurring “an estimated 1,000 times faster than natural rates.” Our course is unsustainable. “It is much less costly to protect and conserve nature than it is to restore it or suffer the consequences of its destruction.”
Tags: Animal, Biodiversity, Complex, Consequences, Conserve, Damage, Destruction, Disappear, Extinction, Plant, Protect, Relationships, Restore, Risks, Species
