September 28, 2023
Yves here. Simon Johnson, former IMF Chief Economist and now a professor at MIT’s Sloan School, provides an update on the state of Too Big to Fail. The short version is that despite the de facto bailouts of Silicon Valley Bank and Signature Bank (by extending deposit guarantees to the rich who had no legal
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BEING as transparent as possible, Ariana Grande decided to be candid about her evolving views and relationship with beauty in a new makeup tutorial video that was done with Vogue. Early in the video, Grande admitted that she has received plenty of lip filler over the years, along with botox. “I stopped in 2018 ‘cause
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A slight competition between transit and human consumption. That’s how Ricaurte Vásquez Morales, an official with the Panama Canal Authority, described a possible water crunch in the region as a historic drought threatens the trade route he oversees. Opinion Columnist LZ Granderson LZ Granderson writes about culture, politics, sports and navigating life in America. Although
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Sky News host James Macpherson says electric vehicle fires burn so hot that it takes firefighters “forever” to put them out. There are numerous reports of electric vehicles catching fire, with a growing trend of occurrences. “It releases toxic chemicals that go into the skin and there’s no PPE gear that can protect firefighters from
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LONG BEACH, California: Overfishing in international waters has surged in the past five years and demonstrates the need to ratify a recent global treaty to protect the high seas, according to a Greenpeace report on Wednesday. The nongovernmental network is calling on as many countries as possible to sign the treaty next week at the
READ MOREOverfishing in international waters has surged in the past five years and demonstrates the need to ratify a recent global treaty to protect the high seas, a Greenpeace report said Wednesday. The non-governmental network is calling on as many countries as possible to sign the treaty next week at the United Nations General Assembly in
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A MAJOR client announces on Facebook that it can serve its customers in 10 seconds or less. Immediately, I congratulated its chief executive officer for their accomplishment. I asked him, “I trust that my kaizen intervention helped you a lot in making this milestone possible.” The CEO nodded with a positive statement that made my
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Receive free Chinese business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. Jia Tianhao and his friends thought they would be running a fast-growing tech start up by now. But like many entrepreneurs and private sector companies in China, they are
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A renewed effort by Saudi Arabia and Russia to push the price of oil towards $100 a barrel threatens to become another problem for President Joe Biden as he puts his record on the US economy — and thwarting inflation — at the centre of his re-election bid. Brent crude last week breached $90 a
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The Australia Letter is a weekly newsletter from our Australia bureau. Sign up to get it by email. Invasive species are the biggest drivers of biodiversity loss in Australia, a new United Nations report found this week. And feral cats are the most invasive in the country’s landscape, killing an estimated two billion animals per
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