The idea that climate change poses a threat to the financial system is absurd, not least because everyone already knows that global warming is happening and that fossil fuels are being phased out. The new push for climate-related financial regulation is not really about risk; it is about a political agenda.
In response to the January 6 Capitol riot, US Capitol Police will begin employing military surveillance equipment used by the Army in what the Washington Times described as part of "sweeping security upgrades" as the force transforms into "an intelligence-based protective agency."
United Airlines' move to reduce emissions has landed it with the plan to purchase 100 small electric passenger planes that will one day be used for regional flights. United has an ambitious net-zero greenhouse gas emissions goal by 2050.
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. It is a trend which is due to continue.
Despite slumping 'hard' data, 'soft' survey data has been trending higher on a bed of soaring prices (well it must be demand), and supplier delivery delays (well it must be demand) providing any and all asset-gatherers and commission-rakers the ammo to confirm the recovery.
Although a record-high 89% of Americans now say the coronavirus situation is improving, most are not yet ready to declare the pandemic over in the U.S. More than twice as many think the pandemic is not yet over (71%) than think it is over (29%).
Sound the alarm bells: it appears that some of the most fervent Tesla cultists could be beginning to stray from the path in what could be an ominous sign for an automaker that has relied heavily on its cult status to stay afloat.