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BBC (June 22)

2020/ 06/ 23 by jd in Global News

Temperatures in the Arctic Circle “hit an all-time record on Saturday, reaching a scorching 38C (100F) in Verkhoyansk, a Siberian town.” In contrast, the average high is just 20 degrees. “Recent months have seen abnormally high temperatures” in the Arctic, which “is believed to be warming twice as fast as the global average.”

 

Barron’s (January 29)

2018/ 01/ 31 by jd in Global News

“Interest rates and volatility have been so low for so long that what was once abnormal is starting to look normal,” leading investment banks to adopt different approaches. Goldman has maintained its trading unit, “which lives or dies on volatility and which sealed Goldman’s reputation as the elite firm on Wall Street,” even though its revenue “has been reduced to crumbs.” In contrast, Morgan Stanley slashed the head count at its trading unit and has seen its market value surpass Goldman’s. But this could prove short-lived. “When trading conditions improve,” revenue from fixed income currency and commodities (FICC) “could bounce back quickly. No one else is as poised as Goldman to profit.”

 

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