The Economist (November 17)
“Nobody in crypto has slept in days.” Despair has filled the crypto universe since ftx, a Bahamas-based crypto exchange and crown jewel in the empire of Sam Bankman-Fried, its once-feted founder, filed for bankruptcy on November 11th…. He was supposed to be crypto’s future. Instead, he may have robbed the industry of one.”
Tags: Bahamas, Bankman-Fried, Bankruptcy, Crypto, Despair, Exchange, Founder, FTX, Future, Industry
Seattle Times (December 17)
“Being a trusted caregiver—and then feeling helpless in that role—has caused serious feelings of loss and despair,” and this appears likely to cause the professional ranks to shrink. Approximately 20% of nurses and 17% of first responders are likely to exit the field within the next decade.
The Economist (July 21)
“The headquarters of the World Trade Organisation (WTO), on the banks of Lake Geneva, once belonged to the League of Nations. That ill-fated body was crippled by American isolationism. The building’s occupant today is also at the mercy of decisions taken in Washington.” But all is not lost. “Free-traders are right to be deeply worried, but not yet right to despair.” The WTO “may yet be saved” and there are some encouraging signs. For example, “China and the EU agreed on July 16th to co-operate on WTO reform.”
Tags: China, Crippled, Despair, EU, Free-traders, League of Nations, Reform, U.S. Isolationism, WTO
Financial Times (June 20)
“Six months into its financial crisis, Toshiba is shaping up as the Sistine Chapel of corporate catastrophes: you have to lie on your back to appreciate its scale, and once you get your eye in, the beauty is mesmerising.” Toshiba’s sweeping catastrophe “encapsulates much that investors — both foreign and domestic — have long despaired.” And “for a Japanese government apparently committed to reversing decades of shoddy corporate governance… Toshiba provides the perfect example of why it is pushing for change.”
Tags: Catastrophe, Corporate governance, Despair, Financial Crisis, Government, Investors, Japan, Scale, Shoddy, Sistine Chapel, Toshiba
Wall Street Journal (April 3)
“It’s fashionable to despair over American progress against cancer, but the reality is that every year medicine makes steady and durable gains…. The mortality rate fell 1.5% a year on average for all cancers from 2002 to 2011, while new cases of cancer dropped 0.5% a year over the same period.”
