Although the crisis at the time was deeply influenced by the crash of residential housing in the US. Few US homeowners were bailed out, unlike the big banks, insurance companies, auto companies, and other businesses. More than 14 million US homeowners were allowed to foreclose on their homes. A mere $25 billion was provided to rescue homeowners, and most of that going to bank mortgage servicing companies who were supposed to refinance their mortgages but didn’t. More than $10 trillion conservatively was provided to financial institutions, banks and shadow banks, and big corporations, and foreign banks by US policy makers in the government and at the US central bank, the Federal Reserve. $25 billion for 14 million vs. more than $10 trillion for capitalists and investors.
The second reason for the absence of inflation is that the world has been confronting powerful deflationary headwinds, principally demographics and technology. The rate of increase of global population peaked in 1995. Today populations are in decline in Japan, Russia and Europe. They are also stagnant elsewhere outside of Africa and the Middle East.
Fewer people means less aggregate demand for goods and services. Improved technology and efficiencies from predictive analytics have lowered the cost of everything from inventories to transportation. This combination of less demand and greater efficiency results in lower prices.
On seeing this, readers who oppose Antifa may be thinking “Good! I’m glad those thugs are finally facing some backlash and condemnation after being coddled by the liberal media all this time,” while Antifa supporters may point at the fact that the media is now paying less attention to the threat of white supremacists in America than to the people standing up to them. In my opinion neither of these takes reflect the full picture of what we’re seeing here, though.
Tarek El-Gaaly, senior research scientist at autonomous driving startup Voyage, tells Car and Driver that there are solutions for these sorts of attacks, though, that can be incorporated into autonomous driving systems. Context is one fix, and a car could be able to tell if it misidentified a sign based on, say, its location, and know that it shouldn’t go highway speeds in an urban area. “In addition,” he said, “many self-driving vehicles today are equipped with multiple sensors, so failsafes can be built in using multiple cameras and lidar sensors.”
Inside China’s $43 Billion Bid for Food Security (Uncletommy)
Beyond that, ChemChina’s purchase of Syngenta provides valuable insight about China’s broader view of its future. The deal signals important trends in the country’s policy on innovation, biotechnology, intellectual property, and globalization. “This acquisition is very probative of what’s happening in China,” says Robert Kuhn, a longtime China expert. “It really defines the frontier.” It’s also the latest step in a national strategy that could change food supplies and costs worldwide.
Eight Days To Destruction (GE Christenson)
His description of coming economic destruction parallels the devastation in Houston. If you live in the flood zones, you’ll see vast destruction. Higher areas will get rained on but could be virtually untouched by the massive destruction.
Tom Thompson, president of NC-20, a coastal development group and a key supporter of the law, said the science used to make the 39-inch prediction was flawed, and added that the resources commission failed to consider the economic consequences of preparing the coast for a one-meter rise in sea level, under which up to 2,000 square miles would be threatened.
“They are … covering their bases by trying to legislate the rolling back of these safeguards because the process to repeal, undo or rewrite a regulation is as lengthy as the public process that helped establish the standard in the first place,” explained Melinda Pierce, chief lobbyist for the Sierra Club. “And, of course, any attempt to roll back environmental or public health standards can and will be challenged in court.”
Alongside a massive local, state and federal disaster response was an equally massive volunteer rescue effort that operated with little official guidance.
CHS claimed it fronted capital to the Boersens’ businesses and that the farms failed to comply with the repayment agreement. CHS said the Boersens lied about their harvests in 2016 and used some of the borrowed money to purchase a personal residence.
Other debtors filing suit included Deere & Company, Hoekstra Electrical, CNH Industrial Capital, The Farmers Cooperative Elevator Co. and Strategic Funding Source, Inc. Those suits total around $3 million in damages, though some didn’t yet seek a firm dollar amount.
Walter Poleman is a Senior Lecturer at the University of Vermont, and directs the PLACE (Place-based Landscape Analysis and Community Engagement) program, among other academic and administrative duties. He is an ecologist by training, and teaches applied ecology in a variety of contexts at UVM as well as other educational institutions.
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