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Reuters (September 10)

2020/ 09/ 12 by jd in Global News

“Wildfires across the U.S. West are among the sparks from climate change that could ignite a U.S. financial crisis by damaging home values, state tourism and local government budgets.” This was just one of the findings of an advisory panel to the Commodities Futures Trading Commission.


The Economist (July 18)

2020/ 07/ 20 by jd in Global News

“Big change is coming, as countries around the world adopt cleaner sources of energy. Peak demand for oil may still be years away, but covid-19 has given the Middle East and north Africa a taste of the future. Prices of the black stuff plummeted as countries went into lockdown…. Even when the virus recedes, a glut of supply will probably keep prices down. Faced with budgets that no longer add up, Arab states must adapt.”


Bloomberg (February 19)

2020/ 02/ 21 by jd in Global News

“For all the stimulus measures that officials are rolling out to combat the economic impact of the coronavirus, lower interest rates and bigger budgets are unlikely to make people feel immune. And it’s consumer behavior that will influence the magnitude of any hit.”


WARC (December 11)

2017/ 12/ 13 by jd in Global News

“While China’s slowdown will continue to influence the economic landscape for other Asian markets – many marketers have seen budgets cut – bright spots are emerging, particular as India’s ‘mainstream’ consumer demographic continues to grow at pace.” Now expected to outpace China, India looks poised to add more mainstream consumers than China over the coming decade.


New York Times (December 6)

2011/ 12/ 07 by jd in Global News

The latest Merkozy solution demanding Euro nations work to balance budgets or face sanctions is “the wrong fix…. The Franco-German recipe will exacerbate Europe’s fundamental problem: lack of growth.”


New York Times (August 14)

2011/ 08/ 15 by jd in Global News

There is “a growing gloom for states and cities.” Struggling to balance budgets, city and state governments have cut 577,000 jobs since 2008. “Washington should have been trying to find a way to help states avoid the layoffs and cutbacks…. Instead, it seems to be doing everything possible to make the situation worse.” This includes “a budget deal that will probably lead to a significant reduction in federal aid; a bond downgrade that could eventually trickle down to the local and state level, making borrowing more expensive; and a stock market plunge that is bleeding state employee pension funds.”