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How Did Yellen and Powell Get Inflation So Wrong?
(06/10/2022)
- US Treasury Secretary Janet Yellen and Fed Chair Jerome Powell’s support of trillions in government stimulus during Covid was seemingly motivated by fears of repeating past mistakes.
- While the Fed slashed interest rates and Congress passed a then-record $787 billion stimulus package, the sluggish growth out of the ‘Great Recession’ (2008-09) was later partially blamed on too little government stimulus.
- Yellen and Powell initially labelled current inflation as “transitory” that would ease with declining Covid given the limited inflationary impact of 2008-09 stimulus.
The Racist Researcher Cited in the Buffalo Gunman’s Manifesto
(06/09/2022)
- Among others, the Buffalo shooter’s manifesto cited Michael Woodley, a 38 year-old British researcher affiliated with one of Belgium’s leading universities (Vrije Universiteit Brussel).
- Woodley has claimed that France’s declining average IQ derives from rising North African migrants and he’s proposed links between ethnicity and intelligence.
- The Buffalo shooter’s manifesto cited Woodley’s claim that humans can be divided into racial subspecies, a pseudoscientific theory historically used to justify racism.
- Vrije Universiteit suspended Woodley shortly after the shooting.
Ukraine war: Russia earns $97bn on energy exports since invasion
(06/13/2022)
- Despite economic sanctions, Russia earned $97B from oil and gas exports during the first 100 days of the war in Ukraine.
- While Russian oil exports are declining, daily revenues (over $1B) still exceed Russia’s daily military spending on the invasion ($876M).
- The EU (received 61% of Russia’s oil exports during invasion) plans to reduce Russian oil and gas imports by two-thirds within the next year.
- India’s share of Russian crude oil exports has increased from 1% to 18% during the invasion.
Kremlin Calls Captured Americans ‘Soldiers of Fortune’
(06/20/2022)
- Russia captured American military veterans Alex Drueke (39) and Andy Tai Ngoc Huynh (27), labelling them “soldiers of fortune” (mercenaries).
- The men were volunteers in the Ukrainian military; the US State Department is urging Russia to abide by international law protecting prisoners of war.
- They went MIA last week after their platoon came under heavy fire in Kharkiv (Ukraine’s 2nd largest city, 25 miles from Russian border).
- Russia recently labelled British and Moroccan military volunteers as mercenaries and sentenced them to death.
Should Biden Run in 2024? Democratic Whispers of ‘No’ Start to Rise.
(06/11/2022)
- Democratic Party leaders are growing wary of Biden running again in 2024 as he struggles to advance the bulk of his agenda (eg infrastructure, voting rights).
- Biden’s approval rating among Democrats recently hit a rock-bottom 73%.
- Voters are growing increasingly frustrated with persistent inflation and Biden’s supporters don’t believe he’s using his full powers to enact change on key issues (eg gun-control, abortion rights).
- Article also details concerns about Biden’s age, growing apathy and uncertainty about Biden’s potential successor.
Fish Farm Startup Hopes Deep-Ocean Technology Can Fuel Growth
(05/13/2022)
- Acquatic fish farming startups such as Forever Oceans have developed specialized enclosures, sensors and robotics that will allow fish farms to operate further offshore.
- The growing global population has sparked a 527% increase in fish farming since 1990.
- Up to 90% of fish farms are overfished (available fish supply rapidly depleting).
- “Fish farmers like Forever Oceans raise hatchlings in big tanks on land, then transport them to open-water farms to mature”.
- While promising, Forever Oceans’ technology could damage ecological systems (waste dumpage, pesticide usage).
China’s Massive Community-Buying Industry Is Collapsing
(05/08/2022)
- Widely viewed as a “sure bet” after launching a few years ago, China’s online platforms selling discounted goods in bulk to communities face widespread failure.
- Operated by tech giants (eg JD.com, Meituan) as well as startups, these platforms have been derailed by logistical hurdles (China’s strict Covid lockdowns) and recent government crackdowns on anti-competitive business practices (eg mass giveaways to attract customers).
- Despite raising $8.7B from investors since 2018, 80% of China’s 1,500 (peak) community-buying platforms have failed.
Covid-19 origins: Key takeaways from the WHO report on the pandemic
(06/10/2022)
- The WHO’s 27-member sponsored scientific advisory group recently published its 1st report on Covid’s origins.
- While the report highlights current data suggesting Covid originated in animals before jumping to humans, the host animal(s) and spillover event remain a mystery.
- The report also identified the Huanan Seafood Market (Wuhan, China) as an early hotspot; however, it remains unclear how Covid was introduced.
- The group also also doesn’t rule out the lab-leak theory and recommends further investigation.
- Russia, Brazil and China object to the investigation recommendation.
What Happens to Your Body on No Sleep?
(04/02/2019)
- Scientists have found that the effects of acute sleep deprivation, or all-nighters, kicks in after being awake for 16-18 hours straight.
- The first sign is a sluggish mind, with reaction times lagging to the equivalent of being legally drunk by the 24th hour awake.
- After 24 hours, your brain starts forcing you into 10-20 second periods of “micro-sleep”.
- After 35 hours, the brain’s emotion-emitting amygdala becomes 60% more reactive and the ability to regulate emotions declines.
- Hallucinations are common after 48 hours awake.
