Daily Digest 9/16 — Goldman Tells Hedge Funds How To Profit From Europe’s Gas Price Hyperinflation; Judge Blocks New York’s Vaccine Mandate For Christian Healthcare Workers…

Economy

Goldman Tells Hedge Funds How To Profit From Europe’s Gas Price Hyperinflation, Warns Of Blackouts – ZeroHedge

After weeks of covering the remarkable, record hyperinflation in European gas prices, which have soared to such tremendous levels that protests against the price of electricity across Europe are a daily occurrence, it is hardly a secret to anyone that the cost of living in Europe this winter will be especially miserable, and could be even more miserable if Vladimir Putin decides to throttle gas deliveries to Europe.

Canadian Pacific Reaches $27 Billion Deal to Buy Kansas City Southern – WSJ

Canadian Pacific Railway Ltd. clinched a deal to take over Kansas City Southern , as a rival dropped its pursuit of the highly coveted railroad after a monthslong battle.  The $27 billion agreement, if completed, would be the first major merger in the industry in the U.S. in about two decades and would create the first freight rail network linking Canada, the U.S. and Mexico.

Bitcoin protests in El Salvador against cryptocurrency as legal tender – BBC

Thousands of protesters have taken to the streets in El Salvador, angry at the introduction of Bitcoin as its legal tender.  President Nayib Bukele says the cryptocurrency will help Salvadorans working abroad to send money back home.  But demonstrators fear it will bring instability and inflation to the impoverished Latin American country.  Some protesters set fire to a brand-new Bitcoin machine, while others held signs reading “Bukele Dictator”.  Last week, El Salvador became the first country to use the virtual currency as a legal tender, alongside the US dollar.

Environment

Europe’s record power prices are a case for more renewables, not fewer – Quartz

Prices for electricity in the UK and Europe reached record highs this week, with average household bills for the month of August expected to be at least 20% higher than normal and several electricity retailers forced out of business by crippling wholesale prices. The spike was caused by a combination of rising carbon credit prices, low output from wind farms, transmission infrastructure outages, and skyrocketing prices for natural gas.

Health

Judge Blocks New York’s vaccine mandate for Christian healthcare workers on grounds it interferes with their religious freedoms – Daily Mail

A New York judge on Tuesday temporarily blocked the state from enforcing a requirement that healthcare workers receive COVID-19 vaccines against the wishes of employees with religious objections.

U.S. District Judge David Hurd in Utica, in a written order, said he was blocking the mandate from taking effect on September 27 because it does not allow for exemptions based on workers’ religious beliefs.

Israel, EU agree to recognize each other’s COVID-19 vaccine certificates – Jerusalem Post

Travelers will have an easier time entering and leaving the country now that Israel has joined the European Union’s digital COVID certificate program, the Health and Foreign ministries said Wednesday.

The program is supposed to take effect in early October, according to a joint statement.

This coronavirus travel program will enable vaccinated and recovered Israelis to travel to EU member states and other countries that are members of the program and have their certificate recognized by their country of destination. At the same time, travelers from member countries will also have their vaccination and recovery certificates recognized in Israel.

Biden enlists Disney, Microsoft CEOs in push for vaccine mandates – Reuters

U.S. President Joe Biden met on Wednesday with U.S. CEOs and other top business leaders as he pushes companies to require workers to be inoculated against COVID-19 amid a surge in infections among the unvaccinated.

The post Daily Digest 9/16 — Goldman Tells Hedge Funds How To Profit From Europe’s Gas Price Hyperinflation; Judge Blocks New York’s Vaccine Mandate For Christian Healthcare Workers… appeared first on Peak Prosperity.

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