Professional Pensions (April 19)
“The response by pension schemes and other investors to the invasion was immediate and, in the days following Russia’s attack, a number of pension schemes announced they would reduce or sell all their holdings as soon as possible.” Exposure to Russia varied by scheme, but was low overall, at around “0.1% for many schemes, holdings that many managers have written down to zero.” All in all, the “market reaction to the crisis was surprisingly muted,” with fairly stable funding levels throughout the crisis.
Tags: Attack, Crisis, Exposure, Funding, Holdings, Immediate, Invasion, Investors, Market, Muted, Pension schemes, Reaction, Reduce, Russia, Sell, Stable, Zero
The Guardian (June 30)
“Canada is a warning: more and more of the world will soon be too hot for humans…. Without an immediate global effort to combat the climate emergency, the Earth’s uninhabitable areas will keep growing.”
Tags: Canada, Climate emergency, Combat, Earth, Global effort, Humans, Immediate, Too hot, Uninhabitable, Warning, World
New York Times (June 26)
“This is just the start of the Brexit’s economic disaster.” Many of Brexit’s supporters distrusted experts and economists who were by and large supporters of the remain campaign. “Experts are, of course, known to make mistakes. But in this case, the people who voted for Brexit will pay a big price for ignoring economic expertise. The harmful effects of this vote are both immediate and lasting.”
Tags: Brexit, Economic disaster, Economists, Experts, Harmful, Immediate, Lasting, Remain campaign, UK
