by Christopher Flavelle in The New York Times….The largest insurer in California said it would stop offering new coverage. It’s part of a broader trend of companies pulling back from dangerous areas.
Puerto Rico: A U.S. territory in crisis
by Amelia Cheatham and Diana Roy in Council on Foreign Relations…Puerto Rico is a political paradox: part of the United States but distinct from it, enjoying citizenship but lacking full political representation, and infused with its own brand of nationalism despite not being a sovereign state.
‘In a lot of the world, the clock has hit midnight’: China is calling in loans to dozens of countries from Pakistan to Kenya
By Bernard Condon, Fortune….Poor countries have been hit with foreign currency shortages, high inflation, spikes in unemployment and widespread hunger before, but rarely like in the past year.
Global rice shortage is set to be the biggest in 20 years
There’s a strained supply of rice as a result of the ongoing war in Ukraine, as well as weather woes in rice-producing economies like China and Pakistan.
Yellen warns climate change could trigger asset value losses, harming US economy
Yellen will tell a new advisory board of academics, private sector experts and non-profits there has been a five-fold increase in the annual number of billion-dollar disasters over the past five years, compared to the 1980s, even after taking into account inflation.
How free-market extremism became America’s default mode
The book is a follow-up of sorts to the duo’s “Merchants of Doubt,” which pulled back the curtain on those who minimized the harms of tobacco, acid rain, climate change and much more.
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