Quick Overview  is up to date

 

Quick Overview is up to date

Notes today 

• Economist: An IT outage caused businesses around the world to grind to a halt after thousands of workers were unable to log on to their computers. The outage was blamed on an update to software provided by CrowdStrike, an American cybersecurity firm, which is thought to have caused problems with Microsoft’s Windows operating system. Airports, retailers, and the London Stock Exchange are among some of the businesses that are reportedly affected. 

• The International Court of Justice (ICJ) has ruled that Israel’s continued presence in the occupied Palestinian territory is unlawful and that it should come to an end “as rapidly as possible”.

• Colorado reports 3 human cases of H5N1 bird flu in poultry workers. 

• The Greenland ice cap is losing around 30 MILLION tonnes of ice an hour due to the climate crisis - 20% MORE than what scientists originally thought. 
• 751 Active Fires in Canada right now

• Here’s what Project 2025 would mean for two families’ tax bills:
• A family of 4 making $100,000/year would pay $2,600 MORE.
• A family of 4 making $5 million/year would pay $325,000 LESS.
• Tax hikes for the middle class. Tax breaks for the rich. 
• So says Elizabeth Warren.. 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

Globally, June 2024 was the warmest June since directly measured instrumental records began in 1850. It broke the previous record by 0.14 °C (0.25 °F), a relatively large margin clearly outside the range of the uncertainties.

So far, Wall Street does not seem overjoyed by the GOP convention…

(S&P)

(SOX)

 

Quick Overview is up to date

Major Economies Debt as % of GDP

Germany stands out.

Notes today

• Bullets now for sale in vending machines. A Texas-based company has developed vending machines thatsell bullets and installed them at a handful of grocery stores in Texas, Oklahoma, and Alabama, with plans for expansion into other states, according to news reports this week.

•  A problem perhaps?

• Las Vegas just observed its hottest day on record with a scorching 48.9°C (120°F). This is a staggering +1.7°C hotter than the previous record.

• Historic news today - a court in Ecuador rules that pollution ‘violates the rights’ of the river running through Quito. Ecuador is one of the few countries that recognises the rights of nature not to be degraded or contaminated…

• US to resume sending 500lb bombs to Israel while withholding 2,000lb bombs, official says.

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

 

Average US Equity holding period

Notes today

• The S&P 500 closed above 5,500 at an all-time high after Jerome Powell cited progress on inflation
• US Job Openings Unexpectedly Increase From a Three-Year Low

• Donald Trump's criminal sentencing has been postponed until September 18 in the wake of the Supreme Court immunity ruling. 

• Only Musk’s Robotaxi Can Save Tesla Investors Now 
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Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny.

 

In a 6-3 ruling split along ideological lines, the Roberts Court  found that presidents are entitled to  immunity for official acts but not for unofficial ones.

• Wall Street appears to like the decision.

How Chinese goods dodge American tariffs

• There are big winners from this tariff avoidance. They include Chinese producers. However, the avoidance also generates a windfall for American consumers. 
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SCOTUS, Bribery Instructions...

BIG Deal

US Supreme Court threw out a decades-old legal doctrine (Chevron decision) that empowered federal regulators to interpret unclear laws, issuing a blockbuster ruling that will constrain environmental, consumer and financial-watchdog agencies - huge win for corporations!

Jon Stewart Biden Trump Debate (I need to call a real estate agent in New Zealand)

Notes today

• The US Supreme Court blocked a Biden administration rule that would mean stringent new emissions requirements on power plants and pipelines in parts of the country to stem ozone pollution that wanders into downwind states… 

• Bloomberg: A wide range of US data showed the economy downshifting as borrowing costs stay high.

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

The U.S. House of Representatives just voted 269-144 to ban giving funds to the State Department to cite the death toll from the Gaza Health Ministry.

And this from the ONION

Notes today

• The world uses about 100 million barrels of oil per day.

   

• A wax sculpture of Abraham Lincoln in Northwest DC has melted due to the heat. 
  
  
  

• "Since the Paris Agreement in 2016, the world's 60 largest banks have provided almost $7 trillion of financing to the fossil fuel industry. 

• Scientists once thought the East Antarctic ice sheet, which contains enough water to raise sea levels 52m (170ft), was stable. But now its ice shelves are beginning to melt.

• New AI data centers are coming online so fast that the electricity demand is straining global power grids. 

• The International Criminal Court issues an arrest warrant for former Russian defense minister Sergei Shoigu over allegations he committed war crimes in Ukraine. 

• Norway's largest pension fund KLP said it will no longer invest in Caterpillar because of risk that equipment sold by the US group to Israel is used to demolish Palestinian homes and infrastructure, including in the Gaza war. 

• OpenAI takes steps to block China’s access to its AI tools..

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Btw, humans can only think about 4 things at once – according to the research team led by University of Oregon psychology professors Edward Awh and Edward Vogel. So, to help, we limit notes. 😉

"Everything will be all right. And, even if it won't be, we'll have the consolation of having lived honest lives." Alexei Navalny

 

How the Dash to Ditch Paper Money Created a Playground for Criminals

• “That means you can generate profits from crime and then ultimately get a state pension based on that income,” said Larson, the Swedish prosecutor. “That is extremely offensive.”

48C+

Agriculture cannot survive at 48C + air temperatures and ongoing severe droughts for very long. The bread baskets of #India have been hitting these temps for nearly 40 days straight. There is no #civilization without #Agriculture. Billions of people at risk #Delhi #heatwave.

Peter Dynes

@PGDynes