Economy
Amazon Is Poised to Unleash a Long-Feared Purge of Small Suppliers (Sparky1)
Two months ago, Amazon.com Inc. halted orders from thousands of suppliers with no explanation. Panic ensued — until the orders quietly resumed weeks later, with Amazon suggesting the pause was part of a campaign to weed out counterfeit products. Suppliers breathed a sigh of relief.
Now a larger, more permanent purge is coming that will upend the relationship between the world’s largest online retailer and many of its long-time vendors.
Morgan Stanley: If The Trade War Doesn’t End Soon, It Will Cause Enough Economic Erosion To Crash Markets (Thomas R.)
Game theory takes us back to what shaped our call in 2018. Both sides will continue to escalate until clear market or economic weakness pushes them to reengage. Hence, investors should act as if the next escalation will happen until markets price it in. The situation resembles a repeated Prisoner’s Dilemma game. Both sides start by escalating, perceiving better payoffs for doing so. They can cooperate later on if they realize that the rewards for payoffs from cooperation are greater than from further escalation.
Americans are doing a poor job at saving for retirement, according to the Federal Reserve (Thomas R.)
The Federal Reserve report surveyed more than 11,000 Americans. It’s important to note that these responses are self-assessed, which means these non-retirees may be doing better or worse than they think. Industry experts say more non-biased research must be done regarding retirement, but any substantial study or survey helps paint a picture for how people are approaching or living in this next phase of their lives.
Why America Can’t Solve Homelessness (tmn)
In 2005, the state and its capital started providing no-strings-attached apartments to the “chronically” homeless — people who had lived on the streets for at least a year and suffered from mental illness, substance abuse or a physical disability. Over the next 10 years, Utah built hundreds of housing units, hired dozens of social workers ― and reduced chronic homelessness by 91 percent.
‘Dear NIMBYs’ — An Open Letter From A Homeless Woman In LA (tmn)
Keanakay Scott cried when she read a story about a public meeting over a proposed emergency shelter and permanent housing for the homeless. One of the local homeowners who attended the meeting later told LAist that he thought authorities should build a “reservation” for homeless people “somewhere out in the desert.” Scott has been homeless for a decade. She said the story “broke” her.
“I went over to my supervisor crying, and I’m just like, ‘I’m a person. And what did I do for these people to hate me?'”
Cruel and Unusual: A Guide to California’s Broken Prisons and the Fight to Fix Them (jdargis)
No other state has made as many radical changes through the ballot box as California. Since Gov. Hiram Johnson helped usher in direct democracy in 1911, voters have, for example, approved a property tax revolt, legalized medical marijuana and banned affirmative action in public sector hiring.
Sydney facing first water restrictions in a decade as drought grips New South Wales (Sparky1)
“It’s vital we take early and decisive action. The Bureau of Meteorology’s latest forecast is predicting below-average rainfall and higher temperatures for June to August, which are key drivers of stronger water demand. Water restrictions are an important drought response because they target the outdoor water use of all households.
As recycling struggles it’s still vital – and it’s still not nearly enough (thc0655)
Material that was once shipped overseas is piling up and recycling costs have soared to the point that a few local towns have abandoned municipal recycling for the time being, while single-stream communities like Concord are limiting what can be put in the bin. Plastic bags were the first items to be declared verboten in Concord but judging from what I heard last week at a conference for a regional recycling group, they may not be the last.
Treated like trash: south-east Asia vows to return mountains of rubbish from west (Sparky1)
She has been as good as her word. Five containers of illegal rubbish from Spain discovered at a Malaysian port have just been sent back and on Tuesday Yeo announced that 3,000 tonnes of illegally imported plastic waste from the UK, the US, Australia, Japan, France and Canada would be returned imminently.
Gold & Silver
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The post Daily Digest 5/28 – SE Asia Vows To Return Western Rubbish, Why America Can’t Solve Homelessness appeared first on Peak Prosperity.
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