CNN Business (February 14)
The collapse of FTX last November “was a seismic event for the crypto industry” that some called crypto’s “Lehman moment.” We appear to be “entering the Dodd-Frank era of crypto,” as regulators now have “a clearer target and a wave of public outrage to bolster their cause.” Since FTX’s bankruptcy, “state and federal regulators have escalated both their rhetoric and their actions to keep the fast-growing digital asset industry in check — a shift that is, unsurprisingly, not going over great with crypto companies.”
Tags: Actions, Bankruptcy, Collapse, Dodd-Frank, FTX, Lehman, Public outrage, Regulators, Rhetoric, Seismic
Investment Week (January 23)
“Chinese equities took a beating in the year of the tiger, with the collapse of the nation’s property market, stringent restrictions on some of its sectors and its zero-Covid policy all hampering investor interest.” In contrast, the year of the rabbit is beginning “in a remarkably different place…. Dynamics are now shifting in a favourable direction, benefiting Chinese stocks and global growth.” Nevertheless, “investment experts remain wary and advise caution.”
Tags: Caution, China, Collapse, Dynamics, Equities, Experts, Favourable, Growth, Investor, Property market, Rabbit, Restrictions, Stocks, Tiger, Zero COVID
Financial Times (July 4)
“If the BoJ sticks to its guns while the US Federal Reserve continues to raise interest rates, the yield divergence could spell a further collapse in the yen beyond the 24-year low. But if the BoJ moves to tweak its monetary policy, or if a global recession prompts a U-turn in US interest rates and a flight to safe havens, it could trigger an abrupt reversal.”
Tags: 24-year low, BOJ, Collapse, Divergence, Global recession, Interest rates, Japan, Monetary policy, Reversal, Safe havens, U.S.. Fed, Yen, Yield
South China Morning Post (February 17)
“Omicron has brought Hong Kong to its knees.” Things have gone “so horribly wrong” as the zero-Covid policy buckled. The health care system now teeters “on the brink of collapse.” Patients now “lie in beds outside hospitals and thousands more wait days for admission to isolation facilities.”
Tags: Admission, Collapse, Health-care system, Hong Kong, Horribly wrong, Hospitals, Isolation, Omicron, Patients, Zero COVID
Financial Times (December 9)
“The Big Four accounting firms have recorded their strongest financial performance since the collapse of Enron as corporate clients rushed to transform their businesses during the coronavirus pandemic.” Revenues soared to over $167 billion, collectively, in spite of “continued criticism of the structure and performance of the firms, especially in audits, including scrutiny of EY’s failure to identify fraud at Wirecard.”
Tags: Accounting firms, Audits, Big Four, Clients, Collapse, Coronavirus, Criticism, Enron, EY, Failure, Financial performance, Fraud, Pandemic, Revenues, Scrutiny, Transform
Wall Street Journal (December 6)
“Three potential crises are proceeding in tandem: a potential Russian invasion of Ukraine, continuing Chinese pressure on Taiwan and the potential collapse of Iran nuclear talks.” Individually, any “of these standoffs has the potential to shake the world order and produce wider conflict. Taken together, they signal that the U.S. and its allies are at a dangerous moment.” Findings a way to successfully “show firmness on each front without provoking a crisis” will provechallenging.
Tags: Allies, China, Collapse, Conflict, Crises, Dangerous, Iran, Nuclear talks, Russian invasion, Standoffs, Taiwan, U.S., Ukraine
Irish Times (August 6)
“Ireland could have winters as cold as Toronto in Canada if a potential collapse in the Gulf Stream happens.” Recent research has found “the currents are already at their slowest point in at least 1,600 years” and “may be nearing a shutdown.”
Miami Herald (June 24)
“There’s a sense of déjà vu to the new grief in our community over the collapse of… a 12-story building packed with residents, Surfside’s Champlain Towers South Condo…. Just as the FIU bridge collapse taught us many lessons about ignoring cracks on new construction, and about raising structures while people are driving underneath it, this condo collapse must also come under the most rigorous of investigations.” Today’s horror, “should serve as an urgent alert that older Florida structures need auditing and stricter oversight by the government.”
Tags: Building, Champlain Towers, Collapse, Condo, Construction, Déjà vu, FIU bridge, Government, Grief, Investigations. Oversight, Rigorous
LA Times (April 29)
“All across India, a trail of death and misery is devastating a country whose leaders boasted of defeating the coronavirus just a few months ago. A surge of new cases fueled by the so-called double mutant variant of the coronavirus first discovered in India is now pushing the nation’s overburdened healthcare system toward collapse” and presenting “a cautionary tale for a world wanting to rush back to its rhythms.”
Tags: Boasted, Collapse, Coronavirus, Death, Defeating, Devastating, Double mutant, Healthcare, India, Leaders, Misery, Surge, Variant
Reuters (April 23)
“India has slender room to act if economic activity follows its medical infrastructure into a virus-induced state of collapse…. Optimists hope antibodies and vaccines will cause the Covid-19 contagion to burn out quickly. The government will have a hard time softening the financial pain if it doesn’t.”
Tags: Antibodies, Collapse, Contagion, COVID-19, Economic activity, India, Medical infrastructure, Vaccines, Virus-induced
