OPEC Is Cautious About All That Unused Oil Stored Around the World - Bloomberg  

added about 21 hours ago by @icyflame ARCHIVES

crude china opec forecasts    

The group concentrated on stock levels in the OECD because, as I’ve written before, they are the most visible. The U.S. provides detailed numbers on a weekly basis, and most of the other members report inventory levels monthly. That’s in stark contrast to countries like China, where inventory is regarded as a state secret and not reported at all.
Global Middle Class Income 2021: Covid Hits Prospects in Emerging Markets  

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economics middle-class capitalism mobility    

Taken together, Pew’s middle-income and upper-middle-income brackets encompass roughly 2.5 billion people—or a third of the world’s population. Buried inside these big numbers are many personal stories. Here we bring you four, from India, Brazil, South Africa, and Thailand. They’re tales of hard-won successes that evaporated overnight, along with well-paying jobs. Of once-­accessible luxuries, like steak for dinner or home internet access, now out of reach. Of dreams deferred, whether an automobile or an apartment.
ビジネス特集 「半沢頭取」が語る銀行 “いまの延長線上に未来はない” | NHKニュース  

added 6 days ago by @icyflame ARCHIVES

japan economics banking business    

Wall Street: Archegos Collapse Is Business as Usual, Not a Disaster - Bloomberg  

added 13 days ago by @icyflame ARCHIVES

stock-market trading risk risk-management    

Although some banks may have made unfortunate decisions, it’s not true this risk was hidden or that there are not good systems to manage the risk. The first line of defense is the credit departments, which much approve all counterparties. These analysts had full insight into Archegos’ capital position, position sizes, risk management, processes, strategy and other factors. The credit department is not allowed to share this information with traders or prime brokerage staff, but it does examine this information carefully before approval and monitors it rigorously afterwards.
Japan's Nuclear Past Complicates Its Green Future - Bloomberg  

added 13 days ago by @icyflame ARCHIVES

japan climate-change energy nuclear-power    

On many fronts, nuclear power remains an almost perfect solution for a resource-poor island nation like Japan: it requires minimal overseas fuel, takes up little land—unlike solar and onshore wind—and produces carbon-free power around the clock. In fact, the government was targeting atomic energy to eventually be its main source of electricity right up until the Fukushima disaster. Yet some 39% of Japanese people want all nuclear plants closed, according to a February survey.
Biggest Players in the Short-Selling Game Are Getting a Pass - Bloomberg  

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economics capitalism short-selling incentives    

While securities lending accounted for $652 million, or just 4%, of BlackRock’s revenue in the fourth quarter of 2020, there’s little cost involved and the risks are low because borrowers have to put up collateral that equals or exceeds the value of the loan. At both BlackRock and State Street Corp., the second-largest custody bank, the value of securities on loan as of Dec. 31 jumped at least 20% from a year earlier, to $352 billion and $441 billion, respectively. ... “It’s very important to remember that institutional investors earn substantial returns from participating in the securities-lending market,” Citadel’s Griffin said at the GameStop hearing. “That accrues to the benefit of pension plans, of ETFs, of other pools of institutional lending that participate in the securities lending market.”
Hong Kong's Trusted Independent Judiciary Approaches Its Twilight - Bloomberg  

added 13 days ago by @icyflame ARCHIVES

hongkong china moving-away democracy    

Just how awkward a matter this is for Hong Kong authorities could be seen in how officials tied themselves in knots last year over the question of “separation of powers” — a doctrine that underpins Western constitutional democracy and is disliked by the Communist Party, since it implies a power base that is beyond the party’s control. This left Chief Executive Carrie Lam insisting illogically that Hong Kong both has no separation of powers and, as the Basic Law states, an independent judiciary.
What to Watch as China Rolls Out Economic Plan to Overtake U.S. - Bloomberg  

added 13 days ago by @icyflame ARCHIVES

china economics policy    

Alongside its work report for this year, the government will also release economic goals for 2021-2025. The five-year plan is a hangover from the planned-economy era, when specific targets for output of steel and other products were set. Since then the document has become mainly a list of general aspirations, but it sets the tone of policy and includes some numerical targets.
Inflation 2021: Malnutrition and Hunger Fears Rise as Food Prices Soar Globally - Bloomberg  

added 13 days ago by @icyflame ARCHIVES

food food-security inequality global economics    

The increases might not be immediately obvious to shoppers. Instead of raising the sticker price, retailers may cut back on multi-buy deals or special promotions. Last year, the number of grocery items sold on promotion in the U.S. dropped by 20 percentage points, according to NielsenIQ data, partly because pandemic-driven logistical challenges squeezed supply.
Trapped in Germany’s COVID nightmare – POLITICO  

added 13 days ago by @icyflame ARCHIVES

germany europe failure eu-failure    

The immunization delays, he warned, are throttling Germany’s economy, a fact the country’s political class seems to take in stride as they bemoan the inevitability of it all on television. The violations of citizens’ basic rights, be they to run a business, receive an education or simply meet with friends in the park, is only temporary, they assure us.
Thomas Piketty Goes Global  | The New Yorker  

added 13 days ago by @icyflame ARCHIVES

economics world capitalism inequality    

And yet theory-of-everything treatises like Piketty’s ultimately seek provocation, not practicality, and Piketty concludes that such proposals are not enough to achieve true liberation. “It seems obvious that the only way to transcend capitalism and ownership society is to work out some way of transcending the nation-state,” he writes. We’ll need “a true participatory and internationalist socialism,” he says, in order to free humanity from the contradictions of capitalism in which it is so harmfully enmeshed.
福島原発事故から10年 農水産物などの風評被害今も続く | 東日本大震災 | NHKニュース  

added 21 days ago by @icyflame ARCHIVES

japan fukushima 3.11    

Contentious Hunt for Covid’s Origin Points to China Animal Trade  

added 23 days ago by @icyflame ARCHIVES

covid19 china patient-zero    

They cited a 2004 survey by the China Wildlife Conservation Association that found 46% of urban residents had consumed wildlife and 2.7% were regular consumers. A January 2017 survey found 52% of markets they investigated were trading wildlife, while 40% of restaurants were providing wild animal dishes.
Contentious Hunt for Covid’s Origin Points to China Animal Trade  

added 23 days ago by @icyflame ARCHIVES

covid19 china patient-zero    

“The main conclusion from this stage of the work -- and it’s not over yet of course -- is that the exact same pathway by which SARS emerged was alive and well for the emergence of Covid,” said Daszak, who is also president of EcoHealth Alliance, a New York-based nonprofit that works to prevent viral outbreaks around the world.
Trader Buys $36 Million of Copper and Gets Painted Rocks Instead  

added 23 days ago by @icyflame ARCHIVES

copper theft market trade corruption insurance    

Normally, in such cases of non-delivery a trading house could make a claim against a cargo’s insurance policy. But Mercuria found that just one out of seven contracts used by the Turkish company to insure the cargo was real. The rest had been forged.
Quantum-Computing Startup IonQ Plans Public Debut in $2 Billion SPAC Merger - WSJ  

added 28 days ago by @icyflame ARCHIVES

computing quantum-computing future    

The money raised from the transaction will be used to help IonQ manufacture a quantum-computing machine that works at room temperature and is about the size of an Xbox videogame console, Mr. Chapman said. That would be significantly smaller than early-stage machines on the market today, without requiring the supercooling necessary to achieve quantum mechanical effects. IonQ expects the device to be completed in 2023.
The Weeknd Boycotts Future Grammys as 2021 Show Nears - The New York Times  

added about 1 month ago by @icyflame ARCHIVES

music grammys awards    

A member of Tchen’s task force, who spoke on the condition of anonymity to discuss its work, portrayed the role of the committees as contradicting the academy’s public position that awards are fully decided by industry peers. “The idea came through,” this person said, “that they do not want it just voted on by the hobbledehoy of the music industry.”
今どきファックスを多用する会社の本音「実はメールのほうがシステムは弱い」(週刊SPA!) - Yahoo!ニュース  

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japan fax paperless business productivity    

The Spawn of craigslist Like most VCs that focus... - The Gong Show  

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software internet unix-philosophy    

I put together this pic that visualizes how entrepreneurs have tried to carve out niches from craigslist, some more successful than others. This is in no way a comprehensive list (feel free to add to it in the comments below), and in some places, one might argue that craigslist is getting whipped (homeaway? others?). Also, some companies may have been founded early enough that craigslist wasn’t an original competitor. Regardless, it’s amazing how craigslist’s broad, horizontal approach to creating marketplaces is successful overall.
Disney makes 55% profit on consumer product sales. Will Netflix get on the same strategy?  

added about 1 month ago by @icyflame ARCHIVES

business profit disney    

For Disney, consumer products are the earnings gifts that keep on giving — even during a pandemic. While revenue tied to its theme parks and cruise ships tumbled more than 40% in the fiscal year that ended in early October, merchandise licensing and retail revenues were down just 7%. In the latest quarter, Disney earned about 55 cents in profit for every dollar of consumer-product sales. This line of business consistently contributes more than $1.5 billion of operating income per year, and licensing carries much higher margins than producing a series that viewers binge in one sitting. In 2012, the Hollywood Reporter said that lifetime sales of “Star Wars” licensed goods had reached $20 billion, and that was before Disney acquired it.

Cutouts is an open source application. Code licensed under the MIT license. Copyright 2018 Siddharth Kannan