Barron’s (July 31)
“The Federal Reserve’s key inflation gauge,” which excludes food and energy “ran just slightly above expectations in June, raising additional doubts about how quickly the bank will be able to lower interest rates.” Rising 0.3% month on month and 2.8% year on year, the core personal consumption expenditures (PCE) price index surpassed consensus expectations. This week, Fed officials indicated the need before lowering rates for “more evidence that inflation is sustainably moving toward the bank’s 2% target,” but the PCE’s “stronger-than-expected result” appears to show the opposite.
Tags: 2% target, Consensus, Doubts, Energy, Evidence, Expectations, Fed, Food, Inflation, Inflation gauge, Interest rates, June, PCE
CNN (May 1)
“Another day, another piece of evidence that President Donald Trump’s escalating trade war with friends and foes is hurting the global economy. Today: Japan’s central bank cut its economic growth forecast for the country in half.” The Bank of Japan “lowered its expectations for 2025 gross domestic product growth to an anemic 0.5%, down from the previous projection of +1.1%, made in January.”
Tags: 0.5%, 2025, Anemic, BOJ, Economic growth, Escalating, Evidence, Expectations, Foes, Forecast, Friends, GDP, Global economy, Hurting, Japan, Trade war, Trump
Wall Street Journal (May 4)
“Evidence is stacking up that the U.S. economy has slowed, led by the formerly red-hot services sector. Yet overall activity levels remain healthy, and some cooling is welcome news to investors because it opens the door back up to possible rate cuts by the Federal Reserve.”
Tags: Cooling, Economy, Evidence, Federal Reserve, Healthy, Investors, Rate cuts, Red-hot, Services sector, Stacking up, U.S.
The Atlantic (January 4)
“The illusion persists, despite all evidence…. Poll after poll shows that at best, only 20 percent of Americans say the economy is doing better than it was a year ago.” But by very valid measures, many more are doing better: “Unemployment is lower. Wages are growing. Inflation is declining…. These are tangible improvements in household income that should be cheering people up. And still, they are not.”
Tags: Better, Economy, Evidence, Growing, Household income, Illusion, Improvements, Inflation, Measures, Poll, Tangible, Unemployment, Wages
The Guardian (December 31)
2023 was “the hottest year on record” and may mark “the year humanity put its stamp on Antarctica in ways that will be felt for centuries to come.” The continent “has suffered dramatic shifts that raise serious concerns about its immediate health.” These coincide with “evidence that longer-term transformations linked to the climate crisis have started much sooner” than expected. Beyond “ramifications for local wildlife,” there will be ripple effects “across the globe in ways that are often less well understood.”
Tags: 2023, Antarctica, Climate crisis, Concerns, Evidence, Hottest, Humanity, Ramifications, Record, Shifts, Transformations, Wildlife
Wall Street Journal (August 12)
“The political world has finally awakened to China’s economic woes…. The evidence has been building for years that much of China’s economic growth was a debt-inflated bubble, and this week another Chinese property developer defaulted on some of its debt.”
Tags: Awakened, Bubble, China, Debt-inflated, Defaulted, Economic woes, Evidence, Growth, Political world, Property developer
New York Times (April 5)
“With the release of the indictment and accompanying statement of facts, we can now say that there’s nothing novel or weak about this case…. Whatever happens next, one thing is clear: Mr. Trump cannot persuasively argue he is being singled out for some unprecedented theory of prosecution. He is being treated as any other New Yorker would be with similar evidence against him.”
Tags: Evidence, Indictment, New Yorker, Novel, Prosecution, Singled out, Statement of facts, Trump, Unprecedented, Weak
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
Financial Times (December 15)
“Evidence of a wave of Covid-19 deaths is beginning to emerge in Beijing despite official tallies showing no fatalities since an uncontrolled outbreak began sweeping through China’s capital this week. Staff at one crematorium in Beijing said they cremated the bodies of at least 30 Covid victims on Wednesday.”
Tags: Beijing, China, COVID-19, Crematorium, Deaths, Evidence, Fatalities, Official tallies, Outbreak, Uncontrolled, Victims, Wave
Newsweek (December 2)
“The failure to conduct basic due diligence of Bankman-Fried is after all what led to his ability to take so many people for a ride. That refusal to investigate reflects the complexity of the crypto industry and the difficulty involved in tracking the flow of funds and risk on the blockchain. But it’s also further evidence of how the media gets hoodwinked by Robin Hood narratives, something many technology leaders have learned to leverage well.”
Tags: Bankman-Fried, Blockchain, Complexity, Crypto industry, Difficulty, Due diligence, Evidence, Failure, Funds, Hoodwinked, Investigate, Media, Risk, Robin Hood, Tracking
