• Daily Digest

    Daily Digest 10/4 — Gas Crisis Hits Food as Giant Dutch Greenhouses Go Dark; Europe’s Power Crisis Moves North as Water Shortage Persists…

    by Whitney

    Monday, October 4, 2021, 8:58 AM

Economy

Gas Crisis Hits Food as Giant Dutch Greenhouses Go Dark – Bloomberg Quint

Skyrocketing power prices are forcing the vast network of Dutch glasshouses — the continent’s biggest — to go dark or scale back, threatening to cut supplies at Europe’s fruit and vegetable stalls and flower shops. Although small, the Netherlands is the world’s second-largest exporter of food by value, thanks in part to its high-yielding glasshouses that span some 10,000 hectares (25,000 acres)…

Europe’s Power Crisis Moves North as Water Shortage Persists – Bloomberg

As the frontier of Europe’s energy crisis moves north, the Nordic region faces a worsening power crisis with dwindling water reservoirs hampering the generation of hydroelectric power.

Nordic power prices were five times higher in September than a year ago. That’s hitting everyone from power-hungry factories and miners, to students struggling with their bills. Inflation is rocketing.

Wheat futures surge as U.S. supplies drop to 14-year low – Nasdaq

Chicago wheat futures surged on Thursday, after the federal government reported that U.S. supplies of wheat have fallen to their lowest level since 2007 – and that the wheat harvest is the smallest seen in 19 years.

At the same time, the country ended the Sept. 1 crop year with slightly more soybeans than traders had expected, which sharply pressured bean futures.

Evergrande: Company set to update market on ‘major transaction’ – BBC

Chinese property giant Evergrande’s shares have been suspended as investors await a statement about its future.

The crisis at the world’s most indebted property developer has triggered fears that its potential collapse could send shockwaves through global markets.  The firm said the trade halt came ahead of “an announcement containing inside information about a major transaction”.  It comes amid reports that a rival real estate firm is reportedly set to buy a majority stake in an Evergrande unit.

Robots Take Over Italy’s Vineyards as Wineries Struggle With Covid-19 Worker Shortages – WSJ

Last year’s grape harvest was a harrowing scramble at Mirko Cappelli’s Tuscan vineyard. With the Italian border closed because of the pandemic, the Eastern European workers he had come to rely on couldn’t get into the country. The company he had contracted to supply grape pickers had no one to offer him. He ultimately found just enough workers to bring the grapes in on time.

UK faces a ‘double whammy’ of food-price rises that squeezes consumers – Daily Mail

Britain faces a ‘double whammy’ of food-price rises that will squeeze consumers already facing drastic hikes in energy and household bills.

Food industry experts warned shoppers to brace themselves for an increase of ‘four or five per cent’ by the end of November followed by a similar rise in January.

David Sables, a food industry veteran who helps suppliers negotiate with big firms, said the first set of price hikes were linked to rising cost of commodities, raw materials and labour in recent months.

Emerging risk to US southern cattle from rabid vampire bats – Brownfield Ag News

“With the changing environment, with the decrease in natural bat habitat, there are a lot of interesting factors going on right now that are encouraging the northward spread of the vampire bat from Mexico towards the southern United States.”  Maki says damage estimates to cattle in that region if vampire bats take hold is $7 to 9 Million dollars a year.

Environment

One of California’s most expensive beach communities is soaked in oil – Quartz

A catastrophic oil spill off the shore of one of the most expensive beachfront communities in California is threatening wildlife at sea and in coastal wetlands.

Authorities believe the spill is leaking from an undersea pipe connected to an offshore oil rig known as “Elly,” which along with its sister rig “Ellen” is operated by Beta Operating Corp., a subsidiary of Amplify Energy.

The controversial quest to make cow burps less noxious – Ars Technica

Cows, you see, have a serious emissions problem. To digest tough plant material, their cavernous stomachs act as fermentation vats. They’re teeming with methanogens, microbes that process cellulose to make volatile fatty acids, which the cows turn into meat and milk. But those methanogens also produce methane, a particularly nasty greenhouse gas that is 80 times more potent than carbon dioxide, thanks to the way its molecules vibrate to absorb infrared radiation. These gases capture heat, and that means more global warming.

Health

Merck’s new Covid-19 drug could be one of the most lucrative drugs ever – Quartz

American pharmaceutical company Merck is ready to seek approval for what would be the first antiviral drug against Covid-19, the company announced today. The drug, named molnupiravir, reduces the risk of hospitalization or death by 50% in Covid-19 patients with mild and moderate symptoms compared with placebo, Merck said.

After the positive results of its clinical trials, Merck plans to submit the data for review and obtain emergency authorization from the Food and Drug Administration (FDA) as soon as possible. Other companies, including Pfizer, are also testing antiviral drugs and are expected to present the results of their trials in the coming weeks.

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9 Comments

  • Mon, Oct 04, 2021 - 12:49pm

    #1
    Brock Williams

    Brock Williams

    Status: Member

    Joined: Jul 28 2021

    Posts: 2

    2

    Farting cows?

    Is this site in favor of closely monitoring the methane output of cows?  Surprised to see the Wired article linked to here.

    The oil leak off the coast of California is a very concerning issue.  That is real pollution of the environment.  Bovine flatulence is much less so from a pollution perspective, in my view.

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  • Mon, Oct 04, 2021 - 1:03pm

    Whitney

    Whitney

    Status: Member

    Joined: Mar 21 2020

    Posts: 637

    5

    Whitney said:

    Hi Brock -- your surprise isn't misplaced!

    Though they sometimes will be, the Daily Digest articles aren't necessarily reflective of PP’s priorities or values.

    Sometimes, the articles are intended to be representative of other perspectives on what “the issues” are, since we also want to have a wide view of what conversations are happening out there and how they might shape the future.

    -Whitney (Content Mgr)

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  • Mon, Oct 04, 2021 - 1:25pm

    #3

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2724

    7

    Questions and answers. Compassion.

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  • Mon, Oct 04, 2021 - 1:45pm

    #4

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 319

    1

    Most Ignored Man In America

    How the “Polarized” Political Parties Work Together Against the Public Interest

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  • Mon, Oct 04, 2021 - 2:04pm

    #5

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2724

    11

    It’s gettin real up in here

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  • Mon, Oct 04, 2021 - 4:13pm

    #6
    nordicjack

    nordicjack

    Status: Platinum Member

    Joined: Feb 03 2020

    Posts: 1461

    7

    Re: farting cows

    A family of 4 normal consumption of beef  ( there are over-eaters and under-eaters )  contributes the equivalent CO2 out of about 25-30 gallons of petrol/yr.   I saw a chart that put this in to perspective.  That Bill Gates 17 trips to Epstein Island could feed beef to almost 10,000 families for a life-time.   Cows are not the problem.  The problem could further be decreased by putting them on their natural diet of grass rather than grain feeding.  ( though it would reduce the amount of beef produce - it would be higher density in nutrition )

    There are much more efficient and effective ways to combat the fake global warming problem. If it were a real problem - the real problem is they want to control the food supply,  Means they must get rid of the farmer.   Bill Gates owns 268k acres of farmland and also is heavily leveraged in production of fake beef. and lab grown meats.   The problem is not farm animals.

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  • Mon, Oct 04, 2021 - 9:08pm

    #7
    westcoastjan

    westcoastjan

    Status: Platinum Member

    Joined: Jun 04 2012

    Posts: 1066

    9

    LOL meme of the day

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  • Mon, Oct 04, 2021 - 9:31pm

    #8
    MsSmith

    MsSmith

    Status: Bronze Member

    Joined: Jul 29 2021

    Posts: 138

    0

    NZ passports from next month

    God bless our inept health system.  I seriously doubt they can produce these in a month, but whatever.

    Now instead of the promised Covid zero, we have given up, borrowed and spent 2.5 billion NZD (and growing) on the Delta lockdown attempt, only to "phase in" opening up in stages.

    At this point it's a partial reversal of the previous claim by the PM a couple of months back that NZ would not introduce passports.  Instead certificates will be made available for use in high risk areas such as hospitality and festivals.

    It's as if they really believe that will protect anyone from either business failure or illness.

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  • Tue, Oct 05, 2021 - 5:53am

    h.badger

    h.badger

    Status: Member

    Joined: Dec 16 2020

    Posts: 20

    0

    h.badger said:

    @westcoastjan

    Silly burglar, all businesses were deserted! What a lack of resiliency there!

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