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Oil and food prices are rising, and so are wages. Inflation isn't beaten yet
Oil and food prices are rising, and so are wages. Inflation isn't beaten yet
The fight against the steep price rises unleashed by the pandemic and war in Ukraine has been long and painful, with central banks hiking interest rates at a scorching pace to try to cool inflation.
2023-08-09 00:22
Meloni Tempts Bond Vigilantes With Italian Spending Squabble
Meloni Tempts Bond Vigilantes With Italian Spending Squabble
For an Italian government prioritizing fiscal prudence, Prime Minister Giorgia Meloni’s coalition is sailing close to the wind.
2023-09-08 15:51
Toyota Taps US ESG Bond Market to Fund Electric-Car Push
Toyota Taps US ESG Bond Market to Fund Electric-Car Push
Toyota Motor Corp. is selling socially conscious debt denominated in dollars for the first time in two years
2023-07-07 03:27
California reparations panel approves $1.2M for each Black resident as state defaults on $18B debt
California reparations panel approves $1.2M for each Black resident as state defaults on $18B debt
Experts believe California's decision to default on the $18.6 billion debt would burden employers
2023-05-09 17:52
Pheu Thai Ready to Back Move Forward Head for Premier: Nation TV
Pheu Thai Ready to Back Move Forward Head for Premier: Nation TV
Thailand opposition party linked to Thaksin Shinawatra is willing to form a coalition with another pro-democracy group that
2023-05-15 10:50
China’s Contagious Crisis, Singapore Fun: Saturday Asia Briefing
China’s Contagious Crisis, Singapore Fun: Saturday Asia Briefing
With Max Verstappen and Post Malone among the thousands descending on Singapore for its preeminent tourism event, the
2023-09-16 12:50
Hollywood actors guild votes to authorize strike, as writers strike continues
Hollywood actors guild votes to authorize strike, as writers strike continues
Actors represented by the Hollywood union SAG-AFTRA voted to authorize a strike if the major studios, streamers and production companies don’t meet their demands for a new contract by June 30
2023-06-06 10:27
SEC Seeks to Freeze Binance.US Assets and Protect Customer Funds
SEC Seeks to Freeze Binance.US Assets and Protect Customer Funds
The Securities and Exchange Commission said it’s seeking to freeze Binance.US’s assets and protect customer funds, including through
2023-06-07 10:17
Lenovo Announces New Innovations in Gaming, Software, Visuals, and Accessories for the Holidays
Lenovo Announces New Innovations in Gaming, Software, Visuals, and Accessories for the Holidays
BERLIN--(BUSINESS WIRE)--Sep 1, 2023--
2023-09-01 12:47
Orsted CEO Ousts Top Executives After $4 Billion Impairment
Orsted CEO Ousts Top Executives After $4 Billion Impairment
Orsted A/S’s chief Mads Nipper dismissed two top executives as the company fights to recover from huge writedowns
2023-11-14 17:55
Experts have pinpointed exactly when society will collapse
Experts have pinpointed exactly when society will collapse
A prediction about when society is most likely to collapse, made by scientists in the 1970s, has resurfaced – and it looks pretty bleak. Scientists at the Massachusetts Institute of Technology (MIT) used a computer to model patterns like population, natural resources and energy usage. The study, published by Club of Rome, picked out when these factors could hit “limits to growth”, which they said could lead to the downfall of modern life as we know it. They think we’ve got fewer than two decades left, with collapse due in 2040. Gulp. Sign up to our free Indy100 weekly newsletter At the time, the report wasn’t given much credence. But a similar study was carried out in 2009, and came up with similar results. Published by American Scientist, the more recent study found that the model’s results were “almost exactly on course”. "It is important to recognise that its predictions have not been invalidated and in fact seem quite on target. We are not aware of any model made by economists that is as accurate over such a long time span," the study said. And to make matters worse, Dutch sustainability researcher Gaya Herrington concurred with the prediction in 2021. Speaking to The Guardian, Herrington said: “From a research perspective, I felt a data check of a decades-old model against empirical observations would be an interesting exercise.” Herrington found that data aligned with the predictions made back in 1972, which had a worse case scenario of economic growth coming to halt at the end of this decade, and collapse around 10 years later. Thankfully, there was a reason to be cheerful too. She added: “The key finding of my study is that we still have a choice to align with a scenario that does not end in collapse. "With innovation in business, along with new developments by governments and civil society, continuing to update the model provides another perspective on the challenges and opportunities we have to create a more sustainable world.” Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-14 19:20
WeWork has 'substantial doubt' it will be able to stay in business
WeWork has 'substantial doubt' it will be able to stay in business
WeWork has released its second quarter earnings for this year. They are not great. The
2023-08-09 16:24