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The Economist (February 10)

2024/ 02/ 13 by jd in Global News

“This year investors in Chinese stocks have been on a hair-raising ride. Even as America’s S&P 500 index reached record highs, markets in China and Hong Kong shed $1.5trn in January alone…. The decline signals a fundamental problem. Investors abroad and at home once saw China’s government as a dependable steward of the economy. Now this trust has seeped away, with severe consequences for China’s growth.”

 

Washington Post (August 29)

2023/ 08/ 29 by jd in Global News

“Desperate political leaders of all stripes — Republican, Democratic, communist — have found a common enemy: free trade…. American political forces that are usually at odds apparently agree on the appeal of autarky — that economies should be as closed off as possible, whatever the consequences.” This seems to be part of a global phenomenon, with “nationalists and populists in other countries” also pushing “for more trade barriers. Even China, which has enriched itself through trade with other countries, is now reportedly flirting with curbing trade to demonstrate its lack of dependence on the West as its own economy falters.”

 

Wall Street Journal (April 3)

2023/ 04/ 03 by jd in Global News

“For decades, American cities have had a parking problem: too much of it. Countless residential parking spots go unused, and many downtown garages sit half empty. Ride-sharing and the rise of remote work during the pandemic have aggravated the trend.” In response, “cities are shrinking the number of spaces, freeing up the land for other uses, with far-reaching consequences.”

 

Barron’s (June 27)

2022/ 06/ 29 by jd in Global News

“Russia’s first default on its foreign debt in more than 100 years is the latest sign that the sanctions… have consequences,” but it’s a “symbolic win.” Energy prices remain the biggest impact of sanctions. “Oil prices aren’t coming down as long as Western powers are working to wean themselves off Russian supply. Faster inflation and rising interest rates, meanwhile, are bringing the global economy to its knees.”

 

Wall Street Journal (April 14)

2022/ 04/ 15 by jd in Global News

“Events in Hong Kong and Shanghai have demonstrated that a ‘zero Covid’ strategy can look very effective for a long time—until suddenly it isn’t, either because a more infectious variant changes the game or because success itself breeds overconfidence.” Unless the Chinese government moves “quickly to vaccinate and boost its elderly, and start spending much more heavily on hospital capacity, then the human and economic consequences could be disastrous.”

 

New York Times (October 1)

2021/ 10/ 02 by jd in Global News

“As species disappear and the complex relationships between living things and systems become frayed and broken, the growing damage to the world’s biodiversity presents dire risks to human societies.” We are living through “one of the most explosive extinction episodes in history” with plant and animal extinction occurring “an estimated 1,000 times faster than natural rates.” Our course is unsustainable. “It is much less costly to protect and conserve nature than it is to restore it or suffer the consequences of its destruction.”

 

Bloomberg (February 12)

2021/ 02/ 13 by jd in Global News

“GameStop is only the most public manifestation of a trend that radically departs from all precedents. Some of the potential consequences are worrying…. The most heavily shorted stocks have been doing well ever since the recovery from the initial shock of the pandemic got under way last March.” This has created “a historic ‘black swan’ disaster for short sellers.”

 

Seeking Alpha (September 21)

2020/ 09/ 23 by jd in Global News

“More and more countries/regions have succumbed to Japanification” with “the process of rapid debt accumulation, followed by monetary easing, which shields the government from the normal consequences of overspending.” And now, “the United States is following lockstep down the economic trail blazed by Japan.”

 

LA Times (September 17)

2018/ 09/ 18 by jd in Global News

“A U.S.-China tariff war is sure to produce very real economic consequences, and political fallout, in both nations…. Whatever else one might think of President Trump’s actions, he is confronting China about its unfair trade practices and theft of American intellectual property when too many others shy away from the truth for fear of Chinese reprisal.”

 

The Economist (July 28)

2018/ 07/ 30 by jd in Global News

“No consequence of global warming is as self-evident as higher temperatures. Earth is roughly 1°C hotter today than it was before humanity started belching greenhouse gases into the atmosphere during the Industrial Revolution.” This summer the consequences are widespread: “Heat is causing problems across the world.” But if global warming continues, “the toll on human lives is hard to imagine.” The bright spot is that better government response appears to be saving some lives. “If only the world could take in a similar lesson about the importance of stopping climate change in the first place.”

 

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