Showing posts with label central banks. Show all posts
Showing posts with label central banks. Show all posts

Wednesday, September 2, 2026

News roundup, 2 Sept 2026

- Solar has overtaken coal as China's largest source of installed power capacity. Its overall contribution to power generation is still lower than coal due to its intermittent nature, though.

- The death toll in flash flooding that struck Nepal last week has risen to more than 1,100 confirmed fatalities, with nearly 4,000 still missing. The flood resulted from the collapse of a glacier on the Nepal-Tibet border; China reports an additional 16 dead and 546 missing on the Tibet side.

- The BC Conservative Party has lost yet another caucus member after Chilliwack-Cultus Lake MLA Áʼa꞉líya Warbus announced that she cannot serve under leader Kerry-Lynne Findlay. Warbus is the seventh MLA to leave the party in a month.

- The renewed fighting in Iran has led to a spike in yields of government bonds, indicating a decline in confidence. This has impacted not only US bonds but those of other countries, including the UK, Germany, and Japan. In related news, central bankers are worried at rising pressure on governments to weaken central bank independence.

- MapQuest, which had long fallen behind Google Maps as the preferred online mapping platform, has seen a surge in downloads of its app after it refused to fall in line and rename Lake Ontario in response to Trump's declaration.

- Instagram has closed the account of a Vancouver strip club after the club posted a photo of their marquee with the slogan "Can't handle a pool, but wants our lake?" The Penthouse Night Club had previously had its account on X suspended last year when they posted a a photo with the slogan "Forever Neighbours Never Neighbors"; X had called this out as "hate speech" (while ignoring the large amounts of actual hate speech on that platform) but subsequently reversed their decision.

Friday, July 3, 2026

News roundup, 3 July 2026

- The Bank of England has announced that fossil fuel companies' debt will be downgraded from October onwards. Other central banks are taking similar measures; some 40 of them use a statistic called "weighted average climate intensity" (WACI); notably one of the easiest ways to improve that statistic is to sell US Treasuries. The fact that it's the Telegraph (aka the "Torygraph") reporting this is particularly interesting, given that paper's general hostility to things like renewable energy. Unfortunately, the changes that result probably won't happen in time to stop the collapse of the Thwaites glacier and the resulting sea level rise (possibly up to 2 metres by the end of this century), but it might buy some time to adapt to the rise.

- Spain has banned state-owned enterprises from entering into new contracts with Palantir on national security grounds. Other places are taking measures as well; London's mayor Sadiq Khan recently blocked a £50 million contract that the Metropolitan Police had negotiated with the company. Palantir intends to sue over the matter.

- Wally Daudrich, the former Manitoba Progressive Conservative leadership candidate who was disqualified from running in the Turtle Mountain constituency, has left the party in favour of the far right Keystone Party. He will be running for the latter party in the upcoming byelection in The Pas-Kameesak.

- Edmonton seems to be making excellent use of the land formerly occupied by the decommissioned City Centre Airport. The new neighbourhood, called Blatchford, is being developed with a lot of mixed use midrise buildings with retail on the main floor. This is something that many would see as simply good sense, but it's been difficult to build in much of North America for many decades due to archaic zoning laws. The buildings will be heated and cooled by a shared geothermal system and be well served by the city's LRT.

- A recent study in BC has found that life expectancies in the province are diverging. As of 2024, the provincial average has increased since 2004, and in most of Metro Vancouver (with the stark exception of the Downtown Eastside and vicinity) as well as the Victoria area, people can be expected to live substantially longer. A resident of Richmond born in 2024, for instance, should have an average life expectancy of 89.4 years. The Downtown Eastside itself, not surprisingly, has the lowest life expectancy in the province, but notably the province's interior is doing badly as well - and the farther inland you live, the worse your life expectancy is on average. It's not simply that the interior isn't gaining, it's actually retreating - the life expectancy there actually rose between 2000 and 2014 and has been declining since.

- Nine monks on a pilgrimage walk in Thailand were killed when they were hit by a pickup truck driven by an 11 year old boy. The child is in custody.