Economy
Evergrande Misses Debt Payments Due Monday As World’s Richest Banker Says China’s “Lehman Moment” Has Arrived – ZeroHedge
Wall Street analysts have been churning out commentary this week proclaiming that while Evergrande’s troubles pose a serious threat to the Chinese economy, its potential collapse doesn’t represent a “Lehman Moment”. As Thursday’s bond-interest deadline looms, analysts at Mizuho write that “while street wisdom is that Evergrande is not a ‘Lehman risk’, it is by no stretch of the imagination any meaningful comfort…It could end up being China’s proverbial house of cards … with cross-sector headwinds already felt in materials/commodities.”
Britain faces shortages of frozen food and meat as CO2 supplies hit by gas price spike – Independent
Britain faces shortages of frozen meals and even Christmas turkey due to a sudden shortage of carbon dioxide used by the food and drink industry.
Meat supplies to supermarkets and restaurants will be affected within days by shortage of the gas, which is instrumental to refrigeration and delivery.
Ocado has paused delivery of frozen products to customers as a result of the dry ice shortage, while the British Poultry Council (BPC) has warned the industry was heading into a “downward spiral towards supply chains seriously struggling”.
A sharp rise in global gas prices has meant two large fertiliser plants in Teesside and Cheshire, which produce CO2 as a by-product, have shut.
Environment
People Glue Themselves to Major Highway as Part of Environmental Protest, Halting Traffic – Newsweek
Hoping to pressure the British government to insulate all homes within a decade, environmental protestors created roadblocks along London’s major ring road on Monday.
The group offered an apology for the traffic disruptions but said they would continue with the action until talks take place. It was the fourth time in less than two weeks that the “Insulate Britain” protestors blocked entry roads on M25, one of Britain’s busiest highways, by gluing themselves to the road and painting their name on it with a blue heart.
Rich countries not providing poor with pledged climate finance, analysis says – Guardian
Rich countries will continue to miss a longstanding pledge to provide poor countries with $100bn a year in climate finance for the next four years, new analysis suggests on the eve of a crunch meeting of world leaders at the UN on Monday.
The promised cash is seen as essential to gaining support from developing countries for a global climate deal to fulfil the 2015 Paris agreement, with only six weeks go before vital UN climate talks, called Cop26, to be hosted in Glasgow this November.
Health
Why the French are revolting – UnHerd
The people are revolting. And by people, I mean the French. While Britain’s government has limply backed down over vaccine passports, Paris has decreed that vaccines are, in effect, mandatory. Toulouse has erupted in response — but, then, French anti-vaccine passport protests have been ongoing for weeks, while the gilet jaunes, after a brief interlude, have been back demonstrating for a year now.
Pfizer says its Covid vaccine is safe and effective for children ages 5 to 11 – NBC
Pfizer and BioNTech said Monday that the companies’ two-dose Covid-19 vaccine was safe and showed a “robust” antibody response in children ages 5 to 11.
Based on data collected in a trial that included more than 2,000 children, Pfizer and its German partner, BioNTech, said in a press release that the vaccine was “safe, well tolerated, and showed robust neutralizing antibody responses” for this age group. No Covid vaccines have yet been authorized or approved for use in children under 12.
The post Daily Digest 9/21 — Evergrande Misses Debt Payments; Winter Is Coming and Europe is Running Scarily Low on Gas… appeared first on Peak Prosperity.
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