- Fuck: Mid-winter temperatures above 35 degrees Celsius in South America leave climatologists in disbelief
- Read: What do you get when you combine AI-text with Amazon’s terrible “third parties” platform and fake reviews: A slew of rip-off travel guides.
- Read: Public pension funds have around 13% of
theirstate employees’ money in “private equity” (PE, aka, leveraged buy outs), which is adding — not removing — risk from returns. (They are desperate for returns, since they do not want to lower pay outs or raise contributions.) The next (predictable) financial crisis is getting started! Related: Why is PE popular? Dodgy accounting that lets pension managers pretend they are hedging. Listen to this discussion. - Listen: US unions are fighting for a bigger piece of (record) corporate profits. Good.
- Think: “An individual from the top 10% of the global income distribution earns €87,200 (USD122,100) per year, whereas an individual from the poorest half of the global income distribution makes €2,800 (USD3,920) per year.”
- Listen: Many recent university grads in China cannot find “appropriate” jobs. Watch this space, as joblessness among the educated is a leading driver of revolution.
- Read: Another post-water update: “Heat, War and Trade Protections Raise Uncertainty for Food Prices“
- Americans need to stop whining and deal with struggle. Read on.
- Read Why the Populist Right Hates Universities (critical, alternative perspectives)