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Tag: crisis

News 

Let’s find a better way to stop veteran suicides

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“Yes, it is absolutely right to put focus and funding behind turning the tide on the veteran suicide crisis” reports washingtonexaminer.com. The veteran suicide crisis is infinitely complex; it’s baffling that legislators are so ready to embrace the idea that there is a simple solution.If our nation really wants to address the veteran suicide crisis, we’ll need to do much more than pass this legislation.The bill doesn’t require that these services prove they are effective in reducing suicide risk or actual suicides. Source: washingtonexaminer.com

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German coalition parties avert government crisis with pension deal

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“If the partners had failed to reach a pension deal, SPD members might have decided to vote against staying in the coalition at a party congress on Dec. 6-8” writes Midwest Communications Inc for 95kqds.com. Senior coalition members, including Merkel and SPD Finance Minister Olaf Scholz, sealed a deal during talks in the chancellery that lasted more than six hours, officials said. Coalition leaders are expected to present their compromise deal at a news conference in the chancellery at 1645 CET (1545 GMT). Source: 95kqds.com

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Crypto News 

Could Blockchain Technology Prevent the Next Financial Crisis?

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“There is a necessary balance to strike as we transfer from the flawed financial system of today to the more technological, decentralized system underpinned by blockchain” writes Stephen King for cointelegraph.com. A central bank’s role is to manage a nation’s currency, money supply and interest rates.Before the 2007 crisis, regulators could trust that banks had enough liquidity to remain solvent; however, following the financial crisis and failure of several banks like Lehman, that ceased to be the case.In 2007, we saw first-hand that when liquidity dries up, banks fail, markets…

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Google employees aren’t down with the climate crisis

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“On Monday, more than 1,000 Google employees wrote an open climate action letter to Google’s CFO Ruth Porat, published on Medium” writes Siobhan Neela-stock for mashable.com. In their latest letter, Google employees demand four things of the company: 1.Google employees are certainly taking the climate crisis seriously.That they discontinue any collaboration Google has with any “entities enabling the incarceration, surveillance, displacement, or oppression of refugees or frontline communities” The first three demands echo the climate change requests Amazon employees outlined in September, which isn’t a surprise given that Google employees…

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POLITICO-Harvard poll: Despite vaping crisis, Americans view e-cigarettes as far more dangerous than marijuana

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“While 67 percent of Democrats and 69 percent of independents support federal marijuana legalization, only 45 percent of Republicans are on board” reports politico.com. That translates to 62 percent of Americans supporting federal legalization, a huge leap from the 44 percent of Americans who thought legalization was a good idea in 2009, according to Blendon.However, the federal government still classifies marijuana as a drug with high potential for abuse and no medical usefulness. Source: politico.com

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Robert Shiller’s ‘Irrational Exuberance’ predicted the housing and dot-com crises. He told us why another book he recently read makes a ‘decisive case’ for the next one.

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“Shiller’s work has long centered on the idea that the narratives investors believe about asset classes become a powerful driver of prices” writes Akin Oyedele for businessinsider.com. Gennaioli and Shleifer made the case that there were multiple actors, from investors to ratings agencies, whose irrational expectations generated risk.After all, the housing crash and widespread market sell-offs clearly showed that investors’ expectations were off by many miles.Shiller agrees with them and further argues that widespread narratives are responsible for financial bubbles. Source: businessinsider.com

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Apple’s $2.5 billion pledge makes it the latest tech giant to tackle California’s housing crisis

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“Apple today announced a pledge of $2.5 billion to combat the housing crisis in its home state of California” writes Nick Statt for theverge.com. It’s the largest commitment of any of the Big Five in the tech industry, all of which have pledged various amounts of money toward helping build more affordable housing in and around the cities they operate near.The only major US tech company who has yet to pledge a significant amount of money toward the issue is Amazon, although Amazon did donate $8 million over the summer…

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Apple commits $2.5B to combat California housing crisis

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“The state has also enacted new laws aimed at boosting funding for affordable housing and easing development restrictions” writes The Associated Press for seattletimes.com. Gavin Newsom on Monday called Apple’s pledge an “unparalleled financial commitment to affordable housing,” adding he hopes other companies follow its lead.CUPERTINO, Calif. (AP) — Apple has committed $2.5 billion to ease California’s housing crisis, eclipsing similar pledges by fellow Silicon Valley giants Google and Facebook to address a lack of affordable housing in the region they call home. Google and Facebook this year each promised…

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Apple Pledges $2.5 Billion to Fight California Housing Crisis

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“One billion dollars will go to a jointly run fund with state officials aimed at jumpstarting delayed or stalled affordable housing projects” writes Min Read for reuters.com. Real estate developers often secure bonds for affordable housing development but must service the debt during construction until the houses are built and start to generate revenue.In an interview with Reuters, Apple Chief Executive Tim Cook said the company felt a “profound responsibility” to improve California’s housing crisis.Apple will make available about 42 acres of land in northern San Jose, California valued at…

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German exports to shrink next year, first fall since global financial crisis: DIHK

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“Since the financial crisis of 2008/2009, the DIHK has not received such pessimistic replies from the companies,” Schweitzer said” writes Midwest Communications Inc for 95kqds.com. BERLIN (Reuters) – Germany’s DIHK Chambers of Industry and Commerce on Wednesday said it expected exports to shrink next year for the first time since the global financial crisis over a decade ago as trade disputes and Brexit uncertainty hit Europe’s largest economy.DIHK said it expects Germany’s annual export growth to slow to 0.3% this year from 2.1% in 2018, adding that exports are likely…

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