Market Watch (April 4)
Trump’s tariffs are sparking the “worst week for stocks since 2020” and leading the VIX volatility index to a new high for the year. “U.S. stocks showed signs of ‘capitulation,’ or a move toward ‘panic selling,’ on Friday” as the “tariffs wreaked havoc in the stock market… stoking fears of a trade-war escalation that could lead to a recession.”
Tags: China, Destruction, Economic growth, Empower, Families, Global trading system, Higher inflation, Highest, Rules, Tariffs, Tax increase, Trump, U.S., Unemployment, Wealth
New York Times (March 31)
President Trump is poised to introduce what are at least “the nation’s highest tariffs since the 1940s.” Unfortunately, these will lead to “lower economic growth, higher inflation, higher unemployment, the destruction of wealth and a tax increase on American families.” In addition, they “will deal a blow to the rules underlying the global trading system and further empower China.”
Tags: Destruction, Economic growth, Empower, Families, Global trading system, Higher inflation, Highest, Rules, Tariffs, Tax increase, Trump, U.S., Unemployment, Wealth
Investments & Pensions Europe (January Issue)
“The scientific evidence is unequivocal that if humanity continues along its current path, it is likely that, by 2100, global average temperatures will rise by between 2.7°C and 3.6°C. A rise of 4°C could lead to a cost of as much as $31trn (€29trn) per year in 2100… apart from the costs of loss of life and destruction of habitats.”
Tags: $31trn (€29trn), 2100, 4°C, Destruction, Evidence, Habitats, Humanity, Loss of life, Rise, Scientific, Temperatures, Unequivocal
New York Times (October 27)
“Because of soaring deforestation rates under President Jair Bolsonaro, the Amazon ecosystem is on the brink of catastrophe.” For Brazilians, “this will be a painful election between two deeply flawed candidates. But for the future of human life on this planet, there is only one right choice.” Luiz Inácio Lula da Silva “promises to stop the destruction.”
Tags: Amazon, Bolsonaro, Brazil, Candidates, Catastrophe, Deforestation, Destruction, Ecosystem, Election, Flawed, Future, Human life, Lula da Silva, Planet, President, Soaring
New York Times (October 1)
“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.”
Tags: Animal, Biodiversity, Complex, Consequences, Conserve, Damage, Destruction, Disappear, Extinction, Plant, Protect, Relationships, Restore, Risks, Species
Los Angeles Times (August 19)
“With more than a million acres burned fairly early in the fire season, California is entering uncharted territory as the record dry conditions that have fueled so much destruction will soon combine with seasonal winds that fire officials fear will bring unprecedented dangers.” Many experts fear for the *fire-prone state” as the *impending arrival of strong Santa Anas and Diablos — which typically move in around mid-September — could mark even more misery for weary residents and beleaguered fire crews.”
Tags: Beleaguered, Burned, California, Dangers, Destruction, Dry, Early, Fire crews, Fire officials, Fire season, Million acres, Misery, Seasonal winds, Uncharted, Unprecedented, Weary
US News and World Report (July 17)
“Just as the European Union was announcing plans to spend billions of euros to contain climate change, massive clouds gathered over Germany and nearby nations to unleash an unprecedented storm that left death and destruction in its wake.” Both politicians and weather forecasters were left “shocked at the ferocity of the precipitation that caused flash flooding that claimed more than 150 lives.”
Tags: Climate change, Death, Destruction, EU, Euros, Ferocity, Forecasters, Germany, Politicians, Precipitation, Shocked, Storm, Unprecedented, Weather
The Economist (August 1)
“The downfall of America’s industrial giant is a cautionary tale for all big firms.” GE’s “near-collapse in 2018 beggared belief. It still limps on, but the suspects behind a destruction of $500bn in value over little more than 20 years are so many that the mystery feels like a whodunnit.”
Tags: Cautionary tale, Collapse, Destruction, Downfall, GE, Giant, Industrial, U.S.
Wall Street Journal (April 16)
“The full extent of the destruction of Notre Dame Cathedral in Paris, surely the most beloved of all Gothic buildings, will not be known for some time, but for world culture it is a catastrophe.”
Tags: Beloved, Culture, Destruction, Gothic, Notre Dame, Paris
Australian Financial Review (January 2)
“The Trump administration’s willingness to push the Chinese harder on trade has struck a bilateral chord. Beijing is listening. So far, so good. Now the question is what the US wants to achieve. Answer: the total destruction of China as a competitor. That isn’t a trade goal, and the demands being made contradict one another. This aim also unnecessarily awakens Beijing’s deepest nationalist fears…. Things are likely to get much worse from here.”
Tags: China, Competitor, Contradict, Demands, Destruction, Fears, Nationalist, Trump
