Economy
Evergrande: Shares in cash-strapped China property giant plunge – BBC
Shares in the highly-indebted Chinese property giant Evergrande have plunged after it outlined the extent of its financial problems. The firm said it is struggling to sell assets fast enough to service its massive $305bn (£220bn) of debts. A statement issued by the company also said that its cashflow was under “tremendous pressure”. The announcement came just hours after angry protesters besieged the company’s headquarters in Shenzhen on Monday.
Fake Walmart News Release Spurs Spike in Little-Used Cryptocurrency Litecoin – WSJ
The price of litecoin, a little-used cryptocurrency, spiked in early trading Monday before falling back, after a news release touting a partnership with giant retailer Walmart Inc. turned out to be fake.
Environment
Tropical Storm Nicholas slows, dumps rain along Gulf Coast – AP
Tropical Storm Nicholas slowed to a crawl over the Houston area Tuesday after making landfall earlier as a hurricane, knocking out power to a half-million homes and businesses and dumping more than a foot (30.5 centimeters) of rain along the same area swamped by Hurricane Harvey in 2017.
Nicholas could potentially stall over storm-battered Louisiana and bring life-threatening floods across the Deep South over the coming days, forecasters said.
This nightclub traps dancers’ body heat to warm and cool the building – Fast Company
The Matrix imagined a world where humans were treated as organic generators, with our bodies putting out constant thermal energy used by machines. Now a club in Glasgow, Scotland, has much the same idea.
SWG3, a dance club and arts venue, is getting a radical retrofit over the next two months, which will allow it to suck up the heat generated by thousands of visitors, store it in the depths of the Earth, and pump it back into the venue whenever it’s not filled by ravers. It will open on November 7 for the U.N. Climate Change Conference (COP26).
– Bloomberg
A toilet-training program designed to help treat cow urine in a more sustainable way could help minimize the environmental impact of toxic substances produced by the waste.
Health
Israel preparing for potential second round of coronavirus booster shots – Axios
Israel is moving to ensure that it will have enough coronavirus vaccines for a potential second round of booster shots, which would be a fourth dose, Israel’s Health Ministry director general Nachman Ash said Sunday, according to Bloomberg.
The Covid spike in highly vaccinated Israel holds grim omens for other economies – Quartz
On Aug. 31, Israel registered 11,000 new Covid-19 cases, the highest daily number since the pandemic began. The worrying thing was: That day’s case count beat a record set in mid-January, when only a small proportion of Israel’s population had been vaccinated.
By the end of August, at least 68% of Israelis had received at least one vaccine dose, but even the vaccinated were falling sick enough to need hospitalization. Alarmed, the Israeli government set about administering booster shots, trying to contain a surge in cases driven largely by the Delta variant of the coronavirus.
The post Daily Digest 9/14 –Israel Preparing for Potential Second Round of Coronavirus Booster Shots; Shares in Cash-Strapped China Property Giant Plunge… appeared first on Peak Prosperity.
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