In yesterday’s release of Ember’s Global Electricity Review, the fact that more than half of the world’s coal-powered electricity in 2020 was produced in China stood out. But this is only half the story. Dramatically rising energy demand in the country…
Amazon warehouse workers in Bessemer, Alabama are pushing to form a union and their votes are set to be counted after one of the most high-profile and consequential unionization drives in recent U.S. history. Their employer remains bitterly opposed to …
Amazon warehouse workers are pushing for union membership in Bessemer, Alabama, a move their employer is bitterly opposed to. Amazon has been criticized heavily for its working conditions during the pandemic and if the warehouse workers manage to union…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
As the level of Fed smack and crack needed to maintain the high increases, system fragility increases geometrically.
Little more than one year ago, on March 11, 2020, the World Health Organization officially announced that COVID-19 could be classified as a pandemic. “The WHO has been assessing this outbreak around the clock and we are deeply concerned both by the ala…
Progress is finally being made in attempts to free a huge container ship that has been blocking the Suez Canal for nearly a week. Tugboats, dredgers and excavators managed to partially refloat the 200,000 Ever Given though its bow is reportedly still s…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The parallels to 1929 turn only more compelling and ominous.
As efforts to dislodge a giant container ship wedged in the Suez Canal have been unsuccessful so far, the world is hoping for a quick resolution to the situation that could potentially evolve into a global supply crisis. Ever since the 1,300-feet long …