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Financial Times (February 17)

2022/ 02/ 18 by jd in Global News

“For a generation of Japanese entering the workforce this year, their entire lives have been spent with three things stuck at zero: inflation, interest rates and the chances of the shunto ‘spring offensive’ of wage demands being anything other than a crushing disappointment.” It remains unclear if 2022 will be the year something changes. “Real wages have risen just 0.39 per cent since 2000 and South Korea now outstrips Japan in average pay.”

 

Harvard Business Review (February 15)

2022/ 02/ 17 by jd in Global News

“A uniform set of standards for measurement and reporting — just as we have for financial performance” is essential for communicating ESG performance. “Imagine a world where each company had to decide for itself how to measure say, revenues, or depreciate its assets…. That is the situation companies have been living in when it comes to ESG — but there is hope on the horizon.” The International Sustainability Standards Board (ISSB) has emerged as the “forerunner… to offer a single source of truth of ESG reporting.”

 

FreightWaves (February 14)

2022/ 02/ 16 by jd in Global News

“The busiest commercial crossing between the U.S. and Canada, the Ambassador Bridge, reopened late Sunday after police in Windsor, Ontario, cleared out a protest over COVID-19 restrictions that squeezed the cross-border supply chain for a week.” Some other border crossings still remain closed by protests, which have “disrupted millions of dollars of trade and led multiple auto plants to slow production because of delays in receiving parts.”

 

Bloomberg (February 14)

2022/ 02/ 15 by jd in Global News

“Japan’s largest money managers appear to have come to a consensus about where to allocate their sustainable investment portfolios: anywhere but Japan. The country’s four largest ESG funds have put at least 95% of their net assets in foreign stocks… devoting only a small fraction of their 1.4 trillion yen ($12.1 billion) to domestic holdings.”

 

New York Times (February 13)

2022/ 02/ 14 by jd in Global News

“Covid has made us reconsider everything, the meaning of home and work, the value of public space, the magnitude and immediacy of death, what it truly means to be a member of a society. We are still finding the answers to those questions, but the America we knew ended in 2019.”

 

The Week (February 11)

2022/ 02/ 13 by jd in Global News

Beijing’s Winter Olympics are “tarnished,” not just by Covid and human rights abuse. There was hope “when Beijing hosted the Summer Olympics in 2008” that the country might “democratize its institutions and join a rules-based international order.” But “there are no such hopes surrounding the 2022 Games. Under ruler-for-life Xi Jinping, who took power in 2012, China has made a sharp turn into unapologetic authoritarianism, with no dissent or forbidden ideas permitted.”

 

Wall Street Journal (February 10)

2022/ 02/ 12 by jd in Global News

European scientists have set a “nuclear-fusion energy world record” and the “findings suggest this approach can be scaled-up for use in power plants.” The experiment successfully “generated 59 megajoules of fusion energy for five seconds,” but “the researchers weren’t able to overcome a major obstacle: generating more energy than they had to put into the experiment.” A scaled-up version looks set to do so as early as 2025. Currently “35 firms globally are racing to be the first to create net-energy machines and to commercialize them by delivering electricity to the power grid.”

 

Tampa Bay Times (February 9)

2022/ 02/ 11 by jd in Global News

The latest Omicron wave “isn’t receding as quickly as hoped” based on the symmetry of past waves. “By now cases should have fallen to fewer than 5,000 cases a day. Instead, Florida’s daily average was nearly 18,000 cases on Sunday…nearly 270 percent higher than expected had the wave been perfectly symmetrical.” Omicron’s lingering success appears linked to “an abundance of mutations that made the variant about 2.7 to 3. 7 times more infectious than the delta variant in vaccinated households.”

 

WARC (February 8)

2022/ 02/ 10 by jd in Global News

“Despite the difficulty of putting on the games with a pandemic still raging and freezing conditions even by the standard of snow sports, success in the Winter Olympics is putting Chinese designed technology front and centre.” This provides an excellent stage to advance the country’s “Made in China 2025” strategic plan that is “designed to move the Chinese economy away from being a low-wage factory to the world and toward high tech, advanced design and manufacturing.”

 

Investment Week (February 7)

2022/ 02/ 09 by jd in Global News

“New analysis of climate pledges by 25 of the world’s largest companies has revealed that the majority cannot be taken ‘at face value’ and ‘exaggerate their actions’, with many only committing to reduce their emissions by 40% on average, not the 100% they claim.” The Corporate Climate Responsibility Monitor found that of the 25 companies, only Maersk’s net-zero pledge has “reasonable integrity.”

 

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