Notes today:
- Across the 4 states that are top #XBB15 dominant epicenters in Northeast US, hospitalizations are increasing. The reason is that #XBB15 is one of the most evasive variants against immunity (high escape) and fusion with human cells (high ACE2 binding)—a worst of both worlds. Eric Feigl-Ding @DrEricDing
- FT: Families will get $7,600 per child if they swap Japan's overcrowded capital, but they'll have to embrace the provincial life for 5 years minimum if they don't want to lose the money.
- 2022 was the worst year in more than a decade for global equities and bonds.
- The S&P ended the year down almost 20%.
- Energy giant says Europe’s effort to take a bite from surging income discourages investment and its adoption violated rules (WSJ)
- Exxon to record more than $56bn in profits in 2022 and
Chevron is set to top $37bn, record highs for both companies, according to Wall
Street estimates compiled by S&P Capital IQ.
- After trillions of dollars in losses, and waves of corporate bankruptcies and fraud, crypto is looking like an increasingly toxic asset class.
- Fidelity Investments is however betting that crypto has a bright future and wants to be in the thick of it. (Barrons) aka FOMO
- During 2022 Bitcoin consumed 161 TWh of electricity in total -exceeding a country such as Sweden. Related CO2 emissions were ~90 Mt - again negating the entire global net savings from EVs.
- Krugman: Do American conservatives know that Hungary — Hungary! — has been trying to hold down inflation with price controls?
- Israel will resume direct contacts with the Russian Federation at the highest level, said the new Israeli Foreign Minister .. (WTF)
- A new weight loss drug could become the best-selling drug of all time.
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