New York Times (May 11)
The weak yen, coupled with soaring food and energy costs, “are posing yet another challenge for the world’s third-largest economy as Japan trails other major nations in emerging from the economic blow of the pandemic. The rise in prices has spooked Japanese consumers used to decades of stability, and the weak yen is starting to look as if it will depress demand at home more than stimulate it abroad.”
Tags: Challenge, Consumers, Costs, Economy, Energy, Food, Japan, Pandemic, Prices, Soaring, Spooked, Stability, Weak yen
Investment Week (March 28)
Global dealmaking has dropped “to its lowest level since the start of the Covid-19 pandemic…. Just over $1trn of deals were struck in the first quarter of 2022, nearly a quarter less than the same period last year.” Primary factors behind slowing M&A activity appear to be “tougher regulations on both sides of the Atlantic, soaring inflation and Russia’s invasion of Ukraine.”
Tags: 2022, COVID-19, Dealmaking, Global, Inflation, M&A, Outbreak, Pandemic, Q1, Regulation, Russia, Slowing, Soaring, Tougher, Ukraine, War
Star Tribune (February 21)
Hit by higher costs for barley, a can shortage and soaring shipping costs, “even the world’s largest beer manufacturers are passing on their higher costs to consumers.” Up to now, “consumers have taken it in stride. Just as higher grocery bills are offset by dining out less, a bigger tab at liquor stores is being absorbed by a lack of travel and entertainment expenses.” Even so, there are worries we may be reaching a turning point where consumption will fall.
Tags: Barley, Beer, Can, Consumers, Dining out, Entertainment, Groceries, Higher costs, Manufacturers, Shipping, Shortage, Soaring, Travel, Turning-point
New York Times (April 28)
“California is awash in cash, thanks to a booming market. In a single year, the state’s financial outlook has gone from surplus to deficit to surplus as capital gains tax collections have risen amid a soaring stock market and I.P.O. boom.” At the worst, the state “anticipated a $54 billion shortfall,” but it now expects a $15 billion surplus in the fiscal year that starts July 1.
Tags: Booming, California, Capital-gains, Cash, Deficit, Market, Outlook, Soaring, Stock market, Surplus, Tax collections
The Independent (August 7)
“Soaring temperatures in Japan have killed at least 57 people since late July… highlighting the health threat to athletes and fans that Olympics organisers must tackle before next year’s Tokyo games.”
Tags: Athletes, Fans, Health threat, Japan, July, Killed, Olympics, Soaring, Temperatures, Tokyo
