Institutional Investor (November 21)
“After saving $1.6 billion since implementing its high-profile Collaborative Model in 2017, the California State Teachers’ Retirement System plans to focus on even more sophisticated cost savings efforts.” It already directly “manages 85 percent of its fixed income portfolio, and 75 percent of the global equities book in-house.” Now it plans to extends its Collaborative Model to encompass more private investments while shifting “its exposure from global equity to private credit, private equity, and infrastructure.”
Tags: 2017, CalSTRS, Collaborative Model, Cost savings, Credit, Fixed income, Global equities, Implementing, In-house, Infrastructure, Portfolio, Private equity, Sophisticated
Wall Street Journal (April 7)
“With inflation high and the job market tight… policy makers are inclined to reduce the Fed’s $9 trillion balance sheet at a much more rapid pace than they did during the quantitative-tightening round that began in October 2017, when inflation was much cooler and the unemployment rate was higher.” The resulting “quantitative-tightening tantrum could go on a lot longer than the taper tantrum did.”
Tags: 2017, Balance sheet, Fed, Inflation, Job market, Policy makers, Quantitative tightening, Tight, Unemployment
Scientific American (January 25)
“In the 1990s, the world was losing around 800 billion metric tons of ice each year. Today, that number has risen to around 1.2 trillion tons. Altogether, the planet lost a whopping 28 trillion tons of ice between 1994 and 2017.”
Washington Post (October 12)
“When future auto historians look back, they may pinpoint 2017 as the year electric vehicles went from a promising progressive fad to an industry-wide inevitability.”
Tags: 2017, Cars, Electric vehicles, Fad, Future, Inevitability
Washington Post (December 27)
“Europe has been so weakened by the tumultuous events of 2016 that it is left unprepared to deal with the three big foreign policy challenges of 2017:” 1) Donald Trump, 2) “the increasing power of Vladimir Putin,” and 3) terrorism.
Tags: 2016, 2017, Challenges, Europe, Foreign policy, Putin, Terrorism, Trump, Tumultuous events, Weakened
The Independent (December 26)
“We are entering the year of President Trump – and it feels like the world is about to become a lot more dangerous.”
