Economy
EU wheat, barley harvest losses create ‘explosive’ world supply outlook — Western Producer
Adverse weather in the European Union has sharply reduced prospects for wheat and barley harvests, contributing to a potentially ‘explosive’ global supply outlook for the cereals, analyst firm Strategie Grains said.
In a monthly report, the French firm reduced its forecast for 2021 soft wheat production in the 27-country EU by 1.5 million tonnes to 131.5 million tonnes.
With $20 trillion between them, Blackrock and Vanguard could own almost everything by 2028 – Financial Post
Imagine a world in which two asset managers call the shots, in which their wealth exceeds current U.S. GDP and where almost every hedge fund, government and retiree is a customer.
It’s closer than you think. BlackRock Inc. and Vanguard Group — already the world’s largest money managers — are less than a decade from managing a total of US$20 trillion, according to Bloomberg News calculations. Amassing that sum will likely upend the asset management industry, intensify their ownership of the largest U.S. companies and test the twin pillars of market efficiency and corporate governance.
Venezuela’s local currency, the bolivar, is getting redenominated in October. Banco de Venezuela will also launch the country’s central bank digital currency.
Environment
Scientists have finally added world politics to their climate models – Quartz
In the doomsday scenario of the world’s climate modelers, every leader acts a bit like Donald Trump. Resurgent nationalism breeds regional conflicts and competitiveness. Security concerns prompt countries to retreat inward. Global development slows and inequality festers, while cooperation on energy and food security goals withers. Major countries such as the US abdicate leadership on climate action as emissions rise, and temperatures soar to searing levels.
Technically, it’s known as the Shared Socioeconomic Pathway 3 (SSP3), just one of many models published by scientists in 2016 to game out different futures, and included for the first time in reports developed for the Intergovernmental Panel on Climate Change (IPCC). But in casual conversation, many climate scientists simply call it “Trump World.”
Health
Three US teachers who sued Monsanto over chemical exposure awarded $185m – Guardian
Three schoolteachers in Washington state who sued the chemical company Monsanto over exposure to materials in fluorescent lights have been awarded $185m.
The law firm that represented the teachers, Friedman Rubin, said a jury returned the verdict on Tuesday in King county superior court. The teachers, who worked at the Sky Valley education center in Monroe, Washington, said they suffered brain damage from exposure to polychlorinated biphenyls, or PCBs, in the fluorescent lighting at the school.
U.S. Homeland Security warns fresh COVID-19 restrictions could spark violent attacks – Reuters
The U.S. Department of Homeland Security, in a new terrorism warning bulletin, said violent extremists could view the reimposition of COVID-19-related restrictions following the spread of coronavirus variants as a rationale to conduct attacks.
The new DHS bulletin also warned of the risk of “targeted violence” around the 20th anniversary of the Sept. 11 attacks on New York and Washington and around religious holidays.
Related Commentary by Sayer Ji, GreenMedInfo.com
Chris in the Media
Dr. Chris Martenson on Delta Variant, Vaccine Efficacy, and More – Financial Sense
Dr. Chris Martenson joins us to discuss everything you wanted to know about the delta variant surging across the globe right now and breaks it down into three categories: the bad news, the good news, and the better news. Dr. Martenson talks about the natural evolution of viruses as they mutate and what we see today, while also providing his perspective on PCR tests, masks, vacccines, and most of the controversial topics related to Covid and Covid policy measures.
Vaccine Expert Vanden Bossche Calls For “Immediate Halt” To Vaccinations, Says They Encourage “Escape Mutant” Variants – ZeroHedge
Of all those who have been critical of our vaccination efforts related to Covid-19, vaccine expert Geert Vanden Bossche stands out as one of the loudest voices in the crowd.
Having been featured on Dr. Chris Martenson’s Peak Prosperity and Bret Weinstein’s Dark Horse podcast, Vanden Bossche has been outspoken – yet measured and reasoned – in his critiquing of mass vaccinations during the midst of the Covid pandemic. One of his main gripes with vaccination efforts is that vaccinating during the middle of a pandemic could potentially lead to a long runway of variants, some of which may evolve to be far more difficult to deal with than the original Covid virus.
The post Daily Digest 8/16 — EU Wheat, Barley Harvest Losses Create ‘Explosive’ World Supply Outlook; With $20 Trillion Between Them, Blackrock and Vanguard Could Own Almost Everything by 2028… appeared first on Peak Prosperity.
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