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Wall Street Journal (April 26)

2022/ 04/ 27 by jd in Global News

“Worries about the war in Ukraine, China’s Covid-19 outbreak, a U.S. or European recession and surging global inflation are making a long-spurned asset increasingly popular with Wall Street’s top money managers these days: cash.” Increasingly asset managers “are looking to move funds into low-risk, cash-like assets. That marks a shift from recent years, when steadily climbing equity indexes trained investors to buy every dip and not miss out on gains by holding cash.”


Wall Street Journal (March 31)

2022/ 04/ 02 by jd in Global News

“China’s support for Russia is the most serious but far from only reason Europe is losing patience. Beijing has launched an economic war on EU member Lithuania over its upgraded ties to Taiwan. The Chinese Communist Party’s human-rights record remains abysmal. Bullying behavior during the Covid-19 pandemic and stonewalling of the origins investigation hurt China’s credibility. The question is what Europe will do beyond condemnations, token sanctions and the occasional lawsuit.”


The Atlantic (March 10)

2022/ 03/ 13 by jd in Global News

“Russia’s economic blackout will change the world. Like all novel experiments, the group punishment of Russia is a leap into the unknown.” In mere days, “the United States, Europe, and others have excommunicated Russia from the world stage, isolating the 11th-largest economy financially, commercially, and culturally.” The measures are largely unprecedented and, taken collectively, “amount to a radical worldwide experiment in moral retribution.”


Wall Street Journal (March 7)

2022/ 03/ 08 by jd in Global News

“Oil and gas revenue makes up about half of the Kremlin’s budget and is critical to financing Vladimir Putin’s bloody war on Ukraine.” The trouble is “sanctions on Russian energy could also harm the world economy and especially Europe,” which depends on Russia for a quarter of its oil and 40% of its natural gas. “Unless the West is willing to grasp this nettle, the world will continue to finance the Putin war machine.”


Wall Street Journal (March 3)

2022/ 03/ 04 by jd in Global News

“How in the world did Europe leave itself so vulnerable to Vladimir Putin’s energy extortion?” Less than two decades ago, EU nations “produced more gas than Russia exported. Yet European production has plunged by more than half over the last decade” while Russia “happily filled the supply gap.”


Wall Street Journal (February 10)

2022/ 02/ 12 by jd in Global News

European scientists have set a “nuclear-fusion energy world record” and the “findings suggest this approach can be scaled-up for use in power plants.” The experiment successfully “generated 59 megajoules of fusion energy for five seconds,” but “the researchers weren’t able to overcome a major obstacle: generating more energy than they had to put into the experiment.” A scaled-up version looks set to do so as early as 2025. Currently “35 firms globally are racing to be the first to create net-energy machines and to commercialize them by delivering electricity to the power grid.”


Wall Street Journal (February 1)

2022/ 02/ 02 by jd in Global News

“Despite record-high case numbers, the U.K. and other governments across Europe responded to Omicron with lighter restrictions than any previous wave of the virus, allowing businesses to remain open.” Moreover, individuals and businesses have “adapted to restrictions, minimizing the effects.” As a result, economic growth in Europe has slowed far less than during previous surges.


Wall Street Journal (December 3)

2021/ 12/ 03 by jd in Global News

“Wages are going gangbusters in the U.S.—elsewhere, not so much.” In Australia and Japan, “pay growth remains anemic… despite labor shortages.” Nor do wages appear to be rapidly accelerating in Europe, all of which is “easing pressure on their central banks to raise interest rates.”


The Economist (November 27)

2021/ 11/ 29 by jd in Global News

The EU is currently “recording nearly a quarter of a million cases a day,” its highest levels ever, and the WHO has warned “that 700,000 more Europeans could die by March.” Eventually, “covid-19 will probably settle down as a seasonal disease, a lethal threat to the elderly and the poor in health, but to everyone else mostly a nuisance. However, as Europe is discovering, getting there will be perilous.”


The Atlantic (November 20)

2021/ 11/ 22 by jd in Global News

“The question facing governments in Europe and elsewhere is which approach—carrot versus stick—will prove the most effective. By singling out the unvaccinated, Austria may succeed in increasing its vaccination rate, but it also runs the risk of driving vaccine skepticism even further.”


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