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New York Times (February 24)

2024/ 02/ 26 by jd in Global News

“Investors often see Berkshire as a bellwether of the American economy, given the breadth of its business.” Marking a sharp reversal from a $22 billion loss in 2022, the conglomerate recorded net earnings of $97.1 billion in 2023, “its highest-ever annual profit last year.” Moreover, “Berkshire also reported $37.4 billion in operating earnings, the financial metric that Mr. Buffett prefers because it excludes paper investment gains and losses, for the year, up 21 percent from 2022.”

 

BBC (April 24)

2023/ 04/ 24 by jd in Global News

In the bank’s final quarterly results, Credit Swiss disclosed that nearly $69 billion was withdrawn by depositors during the first three months of 2023. Coming on the heels of a gaping loss in 2022 and forecast loss for 2023, the deposit withdrawal was part of the impetus behind “its forced sale to rival Swiss bank UBS.” The sale has “has angered taxpayers and shareholders of both banks, who were deprived of a vote on the takeover. Some have also argued it has damaged Switzerland’s global reputation as a financial centre.”

 

IR Magazine (November 11)

2022/ 11/ 14 by jd in Global News

“It was a bad few weeks for tech companies with the Twitter and Meta layoffs, and then Amazon lost $1 tn in market value….For perspective, that’s almost like losing what Google’s parent Alphabet is worth, which is now around $1.13 tn. The loss makes Amazon the first public company ever to lose $1 tn.”

 

New York Times (September 10)

2022/ 09/ 11 by jd in Global News

“The queen’s death last week, at 96, is a genuinely traumatic event, leaving many in this stoic country anxious and unmoored. As they come to terms with the loss of a figure who embodied Britain, they are unsure of their nation’s identity, its economic and social well-being, or even its role in the world.”

 

Washington Post (July 8)

2022/ 07/ 10 by jd in Global News

“The death of Shinzo Abe is a loss to the U.S. and its allies.” The former Prime Minister’s “assassination was a brutal and completely unforeseen end to a life of public service to the people of Japan. The shock of his death will not dissipate quickly. He was a visionary leader, someone who believed his country was capable of taking a central, and responsible, role in international affairs. His loss will be deeply felt in part because he had more contributions to make.”

 

Seattle Times (December 17)

2021/ 12/ 19 by jd in Global News

“Being a trusted caregiver—and then feeling helpless in that role—has caused serious feelings of loss and despair,” and this appears likely to cause the professional ranks to shrink. Approximately 20% of nurses and 17% of first responders are likely to exit the field within the next decade.

 

Boston Globe (January 4)

2021/ 01/ 05 by jd in Global News

“Trump’s crazy train reaches the end of the line.” So far, “not a single state or federal court has accepted the preposterous conspiracy theories floated by Trump and his supporters to explain his loss, ranging from zany stories of North Koreans smuggling ballots into Maine to supposed Sharpie malfunctions in Arizona. No election has been as thoroughly scrutinized as the 2020 vote, and even Trump’s own Justice Department acknowledges it couldn’t find any serious fraud, much less the vast plots of Trump’s imagination.”

 

NBC News (January 1)

2021/ 01/ 01 by jd in Global News

“Millions of us feel a great sense of loss. Our divorce from the European Union will hinder the freedom of movement of people — and ideas.” While it is “a relief that a deal to govern U.K.-E.U. relations post-divorce was done at all,” the deal did not deliver new freedoms. Essentially it achieved “a loss of freedoms, quite the opposite of what we were promised.”

 

Wall Street Journal (December 14)

2020/ 12/ 15 by jd in Global News

The Supreme Court loss means “President Trump’s legal challenges have run their course.” With “no remaining legal alternatives,” both the President and “the rest of the Republican Party can help the country and themselves by acknowledging the result and moving on.” Unfortunately, “there’s no predicting how Mr. Trump will behave.” He may very well “continue his ‘stolen’ election claims past Jan. 20.”

 

New York Times (April 10)

2020/ 04/ 12 by jd in Global News

“The scale of the economic damage is breathtaking. In one recent poll, more than half of all Americans under the age of 45 said that they had lost their jobs or suffered a loss of hours.” It is equally harrowing for businesses. Those that survive will “face long-term costs, too: the loss of trained and experienced workers, the uncertainties of hiring new ones.”

 

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