MSN (October 10)
“It’s more critical than ever to construct cost-efficient housing quickly since the UN predicts that by 2030, almost 100,000 homes will need to be built daily to keep up with population growth. In less than eight years, the organization expects three billion people to need housing, which makes the concept of inflated homes even more necessary.”
Tags: 2030, Built, Construct, Cost-efficient, Critical, Homes, Housing, Inflated homes, Population growth, UN
Institutional Investor (October 10)
“Hedge fund performance dispersion widened last month…. Returns for the top hedge funds in September far exceeded those at the bottom. The top decile of hedge funds in HFR’s HFRI 500 index gained an average of 6.4 percent last month, while the bottom decile of funds fell 14.3 percent.”
Tags: Bottom, Dispersion, Fell, Gained, Hedge-fund, HFRI 500 index, Performance, Returns, September, Top decile
Washington Post (October 9)
“Quantum research still has plenty of obstacles to overcome before it reaches widespread use. But banks, health-care companies and others are starting to run experiments on the quantum internet. Some industries are also tinkering with early-stage quantum computers to see whether they might eventually crack problems that current computers can’t, such as discovering new pharmaceuticals to treat intractable disease.”
Tags: Banks, Companies, Computers, Early-stage, Health care, Industries, Internet, Obstacles, Overcome, Quantum, Research, Tinkering
The Week (October 8)
“Alarm is rising over a global slowdown that’s testing even Apple’s invincibility… In September, Apple was so bullish about its sales projections for the new iPhone 14 that it told suppliers to bump production by roughly 7 percent.” Within just a few weeks, Apple backtracked. “If Apple is struggling to gauge consumer sentiment, that doesn’t bode well for other companies.
Tags: Alarm, Apple, Backtracked, Bullish, Consumer sentiment, Gauge, Global slowdown, Invincibility, iPhone 14, Production, Sales projections, September, Struggling, Suppliers
Bloomberg (October 6)
“Even after $100 billion, self-driving cars are going nowhere. They were supposed to be the future,” but “the losses get bigger.” Several decades in, there remain few actual self-driving vehicles, mostly “confined to a handful of places in the Sun Belt, because they still can’t handle weather patterns trickier than Partly Cloudy. State-of-the-art robot cars also struggle with construction, animals, traffic cones, crossing guards, and … left turns.”
Tags: $100 billion, Animals, Construction, Crossing guards, Going nowhere, Left turns, Losses, Self-driving cars, Sun Belt, Traffic cones, Weather
Atlantic (October 5)
“The fight against climate change is going to change more in the next four years than it has in the past 40.” One reason is America’s $374 billion Inflation Reduction Act that may ultimately result in spending of $800 billion to spur green energy and other adaptations. The act makes “betting on clean energy one of the most certain economic trends of the next few years. Clean energy is now the safe, smart, government-backed bet for conservative investors.” This “shocking reversal” still hasn’t fully “been metabolized by the world of people involved in the issue.”
Tags: Bet, Climate change, Conservative investors, Economic trends, Fight, Government-backed, Green energy, Inflation Reduction Act, Safe, Smart
The Guardian (October 5)
Prime Minister Liz Truss “is plugging on while the Tory party implodes…. Watching the Conservative party self-destruct after 12 years of near-untouchable power while the economy tanks is akin to seeing your racist neighbour’s house flood with sewage. It’s delightful schadenfreude – until you realise that stink is heading straight for you.”
Tags: Conservative Party, Economy, Implodes, Plugging on, Power, Schadenfreude, Self-destruct, Sewage, Stink, Tanks, Tory, Truss
New York Times (October 3)
“Hurricanes and recessions are alike in many ways,” and we might be able to understand both better by thinking about the other. Both phenomena “cause enormous damage,” “are hard to predict” and “depend on feedback effects,” but “a recession doesn’t leave yachts stacked up on shore like a child’s toys.” Still, the damage from a recession can be just “as severe and is certainly more widely spread than a hurricane’s. Hang on to your hat.”
Tags: Damage, Enormous damage, Feedback effects, Hang on, Hurricanes, Phenomena, Predict, Recessions, Severe, Understand, Yachts
Institutional Investor (October 3)
“Two and half years after the beginning of the pandemic — and the mass migration into remote work — some of the biggest asset managers have decided that it’s finally time to get back to the office.” While a range of plans are being prepared, CEOs seem to be favoring the “3-2 model” with three office days and two remote days. “Besides concerns over corporate culture and employee burnout, decision-makers in the asset management industry also cited better innovations, teamwork, and apprenticeship as reasons for returning to the office.”
Tags: 3-2 model, Apprenticeship, Asset managers, CEOs, Corporate culture, Decision-makers, Employee burnout, Innovations, Office, Pandemic, Remote work, Teamwork
Reuters (October 3)
“A revival of American high-tech manufacturing” will pose a threat to South Korea’s “trade-dependent” economy. “Thanks to strong demand for South Korean-made electric cars, batteries and auto parts, shipments to the United States jumped 16% year-on-year in September. Those exports, which totaled some $96 billion last year, now look under threat. Big shifts today will have outsized effects on South Korea’s trade position down the road.”
Tags: Auto parts, Batteries, Demand, Economy, Electric cars, Exports, High-tech, Manufacturing, Revival, Shifts, Shipments, South Korea, Threat, Trade-dependent, U.S.
