Although House Speaker Nancy Pelosi (D-CA) has announced only the start of an impeachment inquiry, a vote in the House to impeach 更多 the President is nearing and appears all but inevitable. All but seven of the 234 House Democrats now appear supportive of the impeachment inquiry of the President based on the content of his July phone conversation with the president of Ukraine.
Luxury sportscar-maker Porsche announced this month a lower-priced version of its new electric sports vehicle, just 6 weeks after the debut of its first fully- electric vehicle, Taycan, in September. The latest version, Taycan 4S, will be available at prices starting at USD 103,800 for the base version. Customers who opt for the performance battery version would pay USD 110,380. 更多
The regulator for Libor has indicated that the panel banks will no longer be compelled to mark rate submissions after 2021: the Federal Reserve's Alternative Reference Rate Committee has selected the secured overnight funding rate (SOFR), as the best suited replacement for the index. 更多
The Chinese economy grew by 6.0% y/y in the third quarter, the weakest pace of expansion since quarterly data became available in 1992. 更多
EU and UK negotiators have agreed on the draft text for a revised withdrawal agreement. European Commission President Jean-Claude Juncker said, "Where there is a will, there is a deal – we have one! …I recommend that (the EU summit) endorses this deal." 更多
Eliud Kipchoge ran a marathon in 1:59:40, the first human to break the two-hour barrier for the 26.2 mile distance. It was a major athletic achievement, as well as a technical feat which involved unprecedented planning and technology that optimized nearly every detail of physical performance. 更多
Democratic candidates convened yesterday evening in Ohio for their sixth debate of the presidential campaign season. The venue, Otterbein University in Westerville, was not chosen by accident. Ohio remains the bellwether in presidential races, having voted for the winner in 29 out of the last 31 national elections. 更多
The United Nations, global NGOs, and more than 150 countries marked World Food Day on 16 October, putting the focus on the urgent need to change how we grow, distribute and consume food. Some 40% of all land is dedicated to agriculture and food production and yet the UN estimates 822m people globally were chronically undernourished last year, including one out of five children under the age of five. 更多
The global fintech industry is at an inflection point, driven by rapid urbanization, strong demand from millennials and favorable regulations. According to CB Insights, there were 48 fintech unicorns, which are unlisted startups with a valuation of more than USD 1bn, worldwide as of 2Q19. Fintech's rise is being powered by the digital transformation happening in the global financial services industry. 更多
The US third quarter earnings season gets underway in earnest this week, with around 10% of S&P 500 companies reporting their results. Consensus expectations going into the reporting season are downbeat. 更多
The Nobel Prize for Chemistry was awarded to a trio of scientists who created the lithium-ion battery. From mobile phones to electric cars, their innovation powers our lives and has opened up the door for cleaner energy. 更多
After traveling to Detroit this week for a series of client meetings I felt compelled to devote some space in this week's publication to chronicling some of the things that are happening in that city. I share this not just because of my own fascination with the decline and what now appears to be the rebirth of a great American city, but also because of what its renaissance may reveal to us about the pathway for future growth opportunities. 更多
Good news: we are living longer. And longer lifespans mean more years to enjoy retirement. The bad news is that we have to work harder to actually be able to enjoy those retirement years. 更多
On Friday, the US and China agreed in principle to a partial trade deal. Prior to the meetings, our base case was for modest progress, with some combination of an agreement to continue talks, China to agree to purchasing more agricultural products, and the US postponing tariff increases. 更多
How much do you need to save in order to retire early, or to self-insure against living longer than your life expectancy? Since both of these scenarios boil down to a longer-than-expected retirement, we can answer them with the same simulation, whose results are summarized below. 更多
Sterling rallied on Thursday after UK Prime Minister Boris Johnson and Irish Taoiseach Leo Varadkar agreed they “could see a pathway to a possible deal.” The Irish Times suggested that there had been “significant movement” from the UK on the customs issue. 更多
The 2019 Nobel Prize for Physiology or Medicine is going to three scientists who made discoveries pertaining to the impact of oxygen levels on cell behavior. Their findings paved the way for breakthroughs in many medical fields, including oncology. 更多
Reports of a potential agreement on exchange rates as part of US-China trade negotiations lifted the Chinese yuan on Thursday, which rallied as much as 0.55% against the USD in offshore markets, to trade below the 7.1 mark. 更多
Prejudice may do more economic damage than we think. We probably underestimate how many people are affected by prejudice. We also probably underestimate how widespread prejudice is. These points are particularly true for prejudice against non-heterosexuals (LGBTQ+). 更多
