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Wall Street Journal (February 12)

2024/ 02/ 14 by jd in Global News

“Stand in the middle of the business district of any big U.S. city and the nearby buildings are emptier and a lot less valuable than they were four years ago. Listed office real-estate investment trusts have already faced the music: The S&P 500 Office REITs Sub-Industry Index has roughly halved in value since before the pandemic. The reality check for banks is just beginning.”

 

Earth.Org (August 25)

2022/ 08/ 27 by jd in Global News

“Southwest China is battling the worst drought in more than half a century. Rainfall in the Yangtze River Basin is at its lowest since 1961, down 45% from last July.” Some places “have not seen rain in more than two months” and Yangtze water levels “have halved, affecting trade, limiting drinking water supplies, and causing rolling blackouts.”

 

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