RSS Feed


August 2023
« Jul   Sep »


Tag Cloud


Marketplace (August 31)

2023/ 08/ 31 by jd in Global News

“After more than half a century in which the United States boasted a near-lock on being the world’s leading exporter of corn, the distinction has shifted to Brazil…. The reordering of the corn hierarchy follows a similar erosion of U.S. dominance in exports of other staple commodities, like wheat and soybeans, over the last decade or so.”


Institutional Investor (August 29)

2023/ 08/ 30 by jd in Global News

“Ever since ChatGPT burst onto the scene last November…so-called “generative AI” has turned the markets on their heads.” Venture capitalists, “coming off the worst year in recent history,” have “redirected their dollars to AI upstarts. Meanwhile, the stock prices of the big tech names suspected to be the major beneficiaries of this often-called ‘revolutionary’ form of artificial intelligence have skyrocketed.” In 2023, “generative AI and machine learning start-ups raised about $39.4 billion.” The massive inflows are creating an ideal environment for fraudsters and critics “are starting to wonder whether the latest technology is really transformational or merely evolutionary.”


Washington Post (August 29)

2023/ 08/ 29 by jd in Global News

“Desperate political leaders of all stripes — Republican, Democratic, communist — have found a common enemy: free trade…. American political forces that are usually at odds apparently agree on the appeal of autarky — that economies should be as closed off as possible, whatever the consequences.” This seems to be part of a global phenomenon, with “nationalists and populists in other countries” also pushing “for more trade barriers. Even China, which has enriched itself through trade with other countries, is now reportedly flirting with curbing trade to demonstrate its lack of dependence on the West as its own economy falters.”


New Yorker (August 28)

2023/ 08/ 28 by jd in Global News

“Japan is the first nation to experience a demographic tipping point where more than twenty per cent of the population is over sixty-five years old.” This magnifies the effects of climate change. Hot summer weather in Tokyo now lasts “some fifty days longer in recent years as compared with the twentieth century.” The additional “heat has proven a silent killer of these older citizens. Thirteen hundred people die of heatstroke annually in the country, the majority of them elderly.”


Wall Street Journal (August 26)

2023/ 08/ 27 by jd in Global News

“Workers at the Detroit automakers voted overwhelmingly in favor of a measure that authorizes the United Auto Workers leadership to call for a strike as talks between the union and companies continue…. The negotiations are among a wave of protracted labor talks this year that have vexed companies and at times threatened to spill over into work stoppages. The International Brotherhood of Teamsters recently reached a five-year contract agreement with United Parcel Service, dodging a potential standoff that could have rippled across the U.S. supply chain.”


Council on Foreign Relations (August 25)

2023/ 08/ 27 by jd in Global News

“American homeowners already coping with extreme weather now face a new risk: disappearing property insurance. Private companies have increasingly reduced coverage, concluding that the risks—and potential losses—threatened by climate change outweigh probable profits. As of now, this primarily affects a handful of coastal U.S. states, including California. In other states, insurers have substantially increased the price of property insurance.”


The Economist (August 24)

2023/ 08/ 25 by jd in Global News

“Whatever has gone wrong? After China rejoined the world economy in 1978, it became the most spectacular growth story in history…. Yet instead of roaring back after the government abandoned its ‘zero-covid’ policy at the end of 2022, it is lurching from one ditch to the next.” It is unlikely to be fixed soon because “an increasingly autocratic government is making bad decisions.”


Reuters (August 23)

2023/ 08/ 24 by jd in Global News

“Office owners’ valuations are in the basement. U.S.-listed landlords like $20 billion Alexandria Real Estate Equities (ARE.N), $10 billion Boston Properties as well as France’s 7 billion euro Gecina recently traded at half the forward earnings multiples they enjoyed before the virus emptied offices.” If, however, corporate leaders “are successful in driving the white-collar herds back to the office,” then those “office stocks may come back from the dead.”


Institutional Investor (August 23)

2023/ 08/ 23 by jd in Global News

“Proponents and critics of ESG claim it can change society. Both will be disappointed.” During the past five years, ESG investing has taken off. “By the end of 2022, global ESG funds had attracted more than $2.5 trillion in assets.” Regardless of this clout and “whether or not asset managers are ‘woke,’ ESG doesn’t hurt oil companies or provide capital for solutions to avoid the worst impacts of climate change.”


Washington Post (August 22)

2023/ 08/ 22 by jd in Global News

“As a heat dome promises to smash more records this week across swaths of the Midwest, South and Southeast. The country can expect that extreme heat, which already kills more people than hurricanes, tornadoes and floods combined, will only worsen in the coming summers.” Cities can do little “to reduce the intensity of hurricanes” or change the path of tornadoes, but they can intervene to “reduce heat-wave intensity.” Almost “80 percent of the U.S. population lives” in cities where “the urban heat island effect can increase temperatures by 8 degrees.” Measures like requiring “reflective building materials, such as cool roofs;” and “increasing green spaces” can lower “peak temperatures by as much as 2 to 9 degrees Celsius.”


« Older Entries