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So, the last week has flashed the reddest of red flags that Stagflation is upon us: Payrolls disappoint. Retail Sales disappoint. Inflation hotter than expected. Sentiment far worse than expected.
Source: Bloomberg
Crappy Stocks (money-losing tech companies) dropped for the 3rd straight week.
From currency war, to trade war, to tech war, to climate war, and now to space war, the superpower rivalry between the US and China continues to flare up with Beijing expected to land its rover on the red planet today.Â
CNET reports that the China National Space Administration s (CNSA) spacecraft, which has been orbiting Mars since February, is expected to enter the Martian atmosphere at 7:11 p.m. ET. CNET cites multiple Twitter accounts that monitor China s space programs, though we must point out CNSA has yet to confirm the timing.Â
A LEIGH headteacher is setting up a virtual parliament for hundreds of children to debate climate change. Peter Spencer-Lane, head of Saint Pierre School on Leigh Road, Leigh, is the headteacher champion for the UK’s “House of Children” virtual parliament. This will see 650 child MPs debate climate change in October. The initiative has been set up by Microsoft, The Big Issue and content organising firm Wakelet, allowing children aged seven to 13 to debate and vote on critical issues such as climate change. The topic will be put to a vote by the children by the Child ‘Speaker of the House’ at the end of virtual parliamentary session.
ROME, May 15 ― Pope Francis is a “convincing moral authority” in the fight against climate change, the US’ special climate envoy John Kerry told Vatican News today after a meeting with the pontiff. “The Holy Father is one of the most powerful voices on the planet, if not the most.