When cash is available, however, cutting rates significantly into negative territory becomes impossible. Cash has the same purchasing power as bank deposits, but at zero nominal interest. Moreover, it can be obtained in unlimited quantities in exchange for bank money. Therefore, instead of paying negative interest, one can simply hold cash at zero interest. Cash is a free option on zero interest, and acts as an interest rate floor.
Meanwhile, soft drink bottler Coca-Cola HBC tumbled toward the bottom of the index. It comes after the company announced on Monday it would buy Serbian biscuit and confectionery maker Bambi for an enterprise value of 260 million euros ($294 million). Shares of the London-listed stock were under pressure during mid-morning deals.
The finance curse (Afridev)
Countries have fallen over themselves to attract financial corporates to their shores to ‘create wealth’. But recent studies have shown that financialization actually extracts wealth, hollows out an economy and drives inequality.
Most notably, SpaceX appeared to terminate a lease agreement it had held with the Port of Los Angeles for a large berth meant to be developed into a dedicated factory for BFR’s massive spaceship upper stage and booster, whose 9m (~30 foot) diameter would have been highly impractical to build somewhere that wasn’t either at the rocket’s launch site or directly adjacent to a port. With its headquarters in Hawthorne, CA (southwestern Los Angeles), SpaceX’s first choice was unsurprisingly the Port of LA, a location that would have allowed its 5000+ local employees to have seamlessly transferred to the BFR program without requiring highly disruptive relocations.
The FCC issued a 15-page report Thursday that said upgrades in automated phone call prevention technology over the last two years have successfully targeted “unwanted calls.”
“No consumer wants to be bombarded by spoofed robocalls. They’re a waste of time at best and a scam at worst,” Pai said accompanying the report. “As this report makes clear, we’re steadfastly focused on addressing this serious problem.”
This article will explain why despite this seemingly gargantuan population size and growth, it is the geographic and demographic distribution of that growth that deems further economic growth implausible (and more realistically ushers in the “Great Decline”). The demand of successively smaller waves of wealthy nation young adults presently entering the economy cannot be replaced by like sized poor nation young adults who average only 10% of the wealthy income per capita. Of course, this should offer some solace for those concerned about environmental and resource depletion issues, as these strains are set to ease.
The CDC’s weekly report said 17.8 million cases of influenza have now been reported since October. Although the agency regards the 2018-2019 season as one of “low severity,” flu has been a factor in up to 19,100 deaths, 221,000 hospitalizations and 8.4 million outpatient medical visits. At least 34 pediatric deaths have been reported.
Orangutans make complex economic decisions (Thomas R.)
To test the ape’s tool-using smarts, scientists presented the orangutans with a choice involving two different treats: a lesser but immediately available treat, apple pieces, or a better treat, banana-pellets, requiring a bit of effort. To earn their favorite banana snack, the apes had to solve multidimensional tasks using tools made available to them by the researchers.
“Our numbers … do tell us that we are looking at the tightest H1 crude balance in many years and, as such, a certain degree of price support does simply make sense for the time being,” consultancy JBC Energy said in a note.
The ruling is the latest blow in a series of defeats for the $8 billion project. The line would transport heavy crude from Alberta, Canada to Steel City, Nebraska, where it would link up with existing lines to transport oil supplies to Gulf Coast refineries.
Climate engineering and weather warfare are ultimately one in the same. The ongoing atmospheric experiments taking place in our skies have a long history with many objectives and agendas being carried out, the equation is complex. If we are to have any chance of exposing and halting catastrophic global climate engineering operations, we must first have a clear understanding of the issue itself.
Roberto Lucchini, an environmental and public health professor at Mount Sinai, who’s been studying the phenomenon, calls this the first epidemic that’s directly attributable to climate change. “It was not recognized before the rise in temperatures,” he said, “and the epidemic of these cases is currently observed in the countries that are more affected by [global warming] in the last decades,” from Central America to India and Southeast Asia.
Studies show that humans don’t respond well to abstract projections. We overvalue short-term benefits, such as driving SUVs, burning coal and building waterfront real estate. We choose these extravagances even though they impede beneficial long-term outcomes, such as saving threatened species, or reducing the intensity of climate change.
“You really start to need to ask yourself and sort of reverse-engineer — what are you at risk to, what can you tolerate as a community, as an asset or a structure,” said William Sweet, an oceanographer with the National Oceanic and Atmospheric Administration, speaking specifically about the impact of even a small rise in sea-level in places prone to flooding. “Vulnerabilities that are exposed by today’s events, it’s important to document because those likely are going to be the same area that get exposed and are vulnerable.”
Time To Panic (jdargis)
In 2018, their circumspection began to change, perhaps because all that extreme weather wouldn’t permit it not to. Some scientists even began embracing alarmism — particularly with that United Nations report. The research it summarized was not new, and temperatures beyond two degrees Celsius were not even discussed, though warming on that scale is where we are headed. Though the report — the product of nearly 100 scientists from around the world — did not address any of the scarier possibilities for warming, it did offer a new form of permission to the world’s scientists. The thing that was new was the message: It is O.K., finally, to freak out. Even reasonable.
Gold & Silver
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