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San Francisco Chronicle (August 10)

2020/ 08/ 11 by jd in Global News

“A troubling trend has emerged in the Bay Area and around the nation: More young people are getting sick, in numbers so large that in some regions they now make up the largest and fastest-growing demographic contracting the virus.” Although are far less likely to die of COVID-19, youths with milder symptoms often risk exposing others and many of them still wind up with “symptoms severe enough to send them to the emergency room or intensive care.”

 

New York Times (June 9)

2020/ 06/ 10 by jd in Global News

“America, this is your chance: We must get it right this time or risk losing our democracy forever.” Amid protests, police violence and riots, “our democracy hangs in the balance. This is not an overstatement.”

 

Financial Times (May 19)

2020/ 05/ 20 by jd in Global News

In Ireland, “the jobless rate for the under-25s surged to 52.8 per cent in April,” up drastically from 12 per cent in February, and “the hit to young workers was not unique to Ireland.” For example, McKinsey has found that “workers aged 15-24 throughout Europe are almost twice as likely as those aged 25-54 to have jobs at risk’ 41 percent for the young; and 25 percent otherwise.

 

LA Times (December 19)

2019/ 12/ 21 by jd in Global News

In its first climate risk assessment, CalPERS, the largest U.S. pension fund, “found that one-fifth of the fund’s public market investments were in sectors that have high exposure to climate change. Those include energy, materials and buildings, transportation, and agriculture, food and forestry.” The report by CalPERS, however, didn’t go into much detail because “less than half of the 10,000-plus companies in their portfolio voluntarily disclose information about their carbon emissions.”

 

The Economist (November 2)

2019/ 11/ 04 by jd in Global News

“Investors betting on Aramco as the last oil major standing in 30 years’ time will have to consider the risk of revolution or invasion. Aramco’s flotation is a sign that the end of oil could be in sight. But it is also a reminder that the black stuff’s capacity to cause economic and political havoc will be undiminished for decades to come.”

 

New York Times (October 20)

2019/ 10/ 22 by jd in Global News

“China’s assertive campaign to police discourse about its policies, even outside of its borders, and the acquiescence of American companies eager to make money in China, pose a dangerous and growing threat to one of this nation’s core values: the freedom of expression.” U.S. companies shouldn’t cave. They “have an obligation to defend the freedom of expression, even at the risk of angering China.”

 

OilPrice.com (October 9)

2019/ 10/ 10 by jd in Global News

“Now that Brent has lost more than $13 since its mid-September spike many are saying that Middle East risk is underpriced. We’re taking a different view…. Washington and Beijing still pose more of a threat to oil prices than Tehran and Riyadh.”

 

New York Times (September 27)

2019/ 09/ 29 by jd in Global News

“The only solace in the current American standoff with Iran is that President Trump seems not to want to risk a war. That is of some comfort in a crisis that has left the United States looking weak and untrustworthy. But the crisis could still descend into armed conflict, and that is largely attributable to Mr. Trump’s poorly considered strategy.”

 

Financial Times (September 20)

2019/ 09/ 22 by jd in Global News

“Shock and confusion” resulted when overnight repo rates soared to 10%. The Fed was able to calm markets, but the situation is a reminder. “The more that QE (and its partial reversal) reshapes global finance, the greater the risk that the cogs in the machine unexpectedly misfire. That is no reason to panic. But central bank pilots—like investors—are learning on the job. Better hope they stay completely alert.

 

Reuters (September 16)

2019/ 09/ 17 by jd in Global News

“The last thing the slowing world economy needs is a big and unexpected disruption in oil output.” The drone attacks “took out roughly half of Saudi Arabia’s crude output appear to fit that bill. But even fragile global growth can probably withstand this first cut.” However, if “sustained disruptions to Middle Eastern oil supply–or anything that heightens the risk of them–will buoy crude. That will deliver the deepest cut to growth.”

 

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