Wall Street Journal (June 3)
“Russia’s invasion of Ukraine calls into question the wisdom of the environmental, social and governance movement’s policy centerpiece: restricting oil and gas investment.” Moreover, “the coordinated effort to depress oil and gas production is potentially a violation of American antitrust law. This combination of bad policy and legal risk will likely” cause the movement to “lose much of its support.”
Tags: Antitrust law, Coordinated, ESG movement, Gas, Invasion, Investment, Legal risk, Oil, Policy, Production, Restricting, Russia, Support, U.S., Ukraine, Violation
McKinsey Global Institute (November 15)
Since 2000, net worth has tripled “to $510 trillion, or 6.1 times global GDP, with China accounting for one-third of global growth.” The increase “mainly reflects valuation gains in real assets, especially real estate, rather than investment in productive assets that drive our economies.” Remarkably, the “historic link between the growth of net worth and the growth of GDP no longer holds.”
Tags: $510 trillion, 2000, China, Economies, GDP, Global growth, Investment, Net worth, Productive assets, Real assets, Real estate, Valuation gains
Investment Week (August 11)
“Climate change mitigation is high on the global agenda, with escalating pressure on governments to take action to prevent a climate catastrophe.” In July, the European Commission “unveiled ambitious plans to deliver a 55% cut in greenhouse gas emissions by 2030 – relative to 1990 levels. The ‘Fit for 55’ package spans all sectors and could have a significant impact on high-emitting industries.” The plan could prove the “biggest investment story in decades.”
Tags: Catastrophe, Climate change, Cut, Emissions, European Commission, Fit for 55, GHG, Global agenda, Governments, Investment, Mitigation
Financial Times (June 10)
“The depth of collusion between Toshiba, the Japanese government and the former investment head of the world’s biggest pension fund to influence board nominations last year has been laid bare by an independent probe” and “represented an attempt to unfairly restrict the exercise of shareholder rights.”
Tags: Board, Collusion, Depth, Exercise, Fund, Government, Independent, Influence, Investment, Japan, Nominations, Pension, Probe, Restrict, Shareholder rights, Toshiba, Unfairly
Bloomberg (April 16)
“China’s economy soared in the first quarter as consumer spending strengthened, joining production and investment in recovering from the Covid slump a year ago.” Year on year, GDP “climbed a record 18.3%,” but that is “skewed by comparisons from a year ago when the economy was in lockdown. A better reading of the economy’s momentum comes from quarter-on-quarter growth, which slowed to 0.6% from 2.6% in the previous three months.”
Tags: China, Consumer spending, Covid, Economy, GDP, Investment, Lockdown, Momentum, Production, Record, Recovering, Skewed, Slump, Strengthened
Fort Worth Star-Telegram (February 16)
“Once again, Texans are suffering because of a failure of disaster planning and investment to prepare for the worst. First, it was the pandemic…. This time, it’s an unprecedented — but, importantly, not unpredictable — stretch of cold weather and storms blanketing the entire state.” The resulting power outages could have been prevented. “There must be accountability. People must be fired. Companies must be fined and required to do better. Winterization of power plants must be a priority.”
Tags: Accountability, Cold, Disaster planning, Failure, Fined, Fired, Investment, Pandemic, Power outages, Prepare, Storms, Suffering, Texans, Unprecedented, Weather, Winterization
New York Times (January 12)
“As America went through a week from hell, with the prospect of fresh hells yet to come, financial markets signaled … growing optimism.” This actually makes sense. Other things that happened, aside from the act of insurrection, like the Georgia win giving Democrats control over the Senate. This makes “a huge difference for economic policy, making it almost certain that we’ll have an additional large relief package, and fairly likely that we’ll get some much needed investment in infrastructure.”
Tags: Control, Democrats, Economic policy, Financial markets, Georgia, Insurrection, Investment, Optimism, Relief package, Senate, Sense, Signaled, U.S.
New York Times (April 28)
“Delaying the Tokyo Games by a year already poses enormous economic, political and logistical challenges, including whether Japan can hope to recoup its $10 billion investment.” Without a vaccine, however, a 2021 “timeline may be optimistic.”
Tags: Challenges, Delay, Economic, Investment, Japan, Logistical, Optimistic, Political, Recoup, Timeline, Tokyo, Vaccine
WARC (January 28)
“Advertiser spend on sports sponsorship is expected to rise 5% this year to reach more than $48bn worldwide–the strongest growth in a decade and ahead of growth projections for all traditional media.” The growth has “been buoyed by record investment ahead of the 2020 Tokyo Olympics.”
Inc (November Issue)
“The real estate business is finally getting renovated, as a new wave of startups build property-technology platforms that improve or simplify the complicated process of buying, selling, renting, or owning a home…. Since 2013, annual investment in U.S. proptech companies has grown at a rate five times that of investment in all U.S. businesses. In 2019, investment in U.S. proptech is on pace to exceed $10 billion.”
Tags: Buying, Homes, Investment, Owning, Platforms, Proptech, Real estate, Renting, Selling, Startups, U.S.
