1 Hilary weakens to Category 1 hurricane as it nears landfall Hurricane Hilary was downgraded to a Category 1 storm on Sunday, but is still expected to bring significant damage to the Baja California peninsula as it nears landfall. The storm, the first of its kind in southern California in 84 years, will bring heavy…
Tags: World
China: A slowdown sends tremors worldwide
The smartest insight and analysis, from all perspectives, rounded up from around the web: The world’s economic engine is sputtering, said The Economist. When China abandoned its draconian zero Covid controls last year, the expectation was that it “would stage a rapid recovery, even as other countries courted recession.” In fact, China’s economic growth has…
Will China’s slowdown pull the US into recession?
China can’t seem to shake off its post-COVID economic slump. Will that weakness backfire on the American economy? CNBC reported that the People’s Bank of China cut interest rates this week in an effort to spur economic growth, amidst a “confidence crisis” that has seen exports fall dramatically, factory production slow down, and housing sales…
China: A slowdown sends tremors worldwide
The smartest insight and analysis, from all perspectives, rounded up from around the web: The world’s economic engine is sputtering, said The Economist. When China abandoned its draconian zero Covid controls last year, the expectation was that it “would stage a rapid recovery, even as other countries courted recession.” In fact, China’s economic growth has…
Western mountain climbers allegedly left Pakistani porter to die on K2
A Norwegian mountaineering team is accused of leaving an injured porter to die on Pakistan’s K2 mountain this past July, allegedly choosing to continue their record-breaking climb instead of trying to rescue him. The lead climber, Kristin Harila, along with her guide, Tenjin Sherpa, became the fastest two people to climb all 14 of the ‘eight-thousanders’…
10 things you need to know today: August 20, 2023
1 Hilary weakens to Category 1 hurricane as it nears landfall Hurricane Hilary was downgraded to a Category 1 storm on Sunday, but is still expected to bring significant damage to the Baja California peninsula as it nears landfall. The storm, the first of its kind in southern California in 84 years, will bring heavy…
Will China’s slowdown pull the US into recession?
China can’t seem to shake off its post-COVID economic slump. Will that weakness backfire on the American economy? CNBC reported that the People’s Bank of China cut interest rates this week in an effort to spur economic growth, amidst a “confidence crisis” that has seen exports fall dramatically, factory production slow down, and housing sales…
10 things you need to know today: August 13, 2023
1 Maui blaze becomes deadliest wildfire in a century as death toll rises to 93 At least 93 people have died from the wildfire that struck the island of Maui, Hawaii, making it the deadliest wildfire in modern American history. The fatalities were confirmed Saturday evening in a news release from Maui County, which added…
10 things you need to know today: August 12, 2023
1 At least 80 dead in Maui wildfire as search for survivors continues The death toll from the devastating wildfire in Maui, Hawaii, reached 80 on Friday, officials said, as rescue workers continued to search for survivors in the decimated town of Lahaina. Police were restricting access throughout the island, and access to Lahaina remained heavily…
What price should the US pay for an Israel-Saudi Arabia peace pact?
Peace of a sort may be at hand between Israel and Saudi Arabia. The Wall Street Journal reported the two longtime antagonists are preparing to normalize relations, with Saudi Arabia finally giving formal recognition to Israel in return for “concessions to the Palestinians, U.S. security guarantees and civilian nuclear help.” There are still “long odds,”…