A worker stands outside a construction site of the Xinzhuang coal mine that is part of Huaneng Group’s integrated coal power project, on 30 September 2020. Photo: Thomas Peter / Reuters

China rations electricity for millions – “The whole city was dark”

By Vivian Wang 21 December 2020 (The New York Times) – In the city of Yiwu in eastern China, the authorities turned off streetlights for several days and ordered factories to open only part-time. In coastal Wenzhou, the government ordered some companies not to heat their offices unless temperatures are close to freezing. In southern […]

Collateralized loan obligations (CLOs): An Illustrated Guide. Data: Fitch Ratings. The fourth CLO depicts an aggregate leveraged-loan default rate of 78 percent. Graphic: the Atlantic

The looming bank collapse – “This crisis is more horrifying than I anticipated”

By Frank Partnoy 14 June 2020 (The Atlantic) – After months of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these factors are serious and could mire the United States in a deep, prolonged […]

UN Secretary-General António Guterres warns of a global food crisis caused by Covid-19 during a speech on 9 June 2020. Photo: UN News

UN warns of global food crisis – “It is increasingly clear that there is an impending global food emergency that could have long term impacts on hundreds of millions of children and adults”

9 June 2020 (UN News) – Although the COVID-19 pandemic could push nearly 50 million more people into extreme poverty, this and other dire impacts of the crisis can be avoided if countries act immediately to shore up global food security, the UN Secretary-General said on Tuesday. For his latest policy brief on the pandemic, […]

Map showing surface air temperature anomaly for May 2020 relative to the May average for the period 1981-2010. May 2020 was the hottest May on record. Data: ERA5. Graphic: Copernicus Climate Change Service / ECMWF

May 2020 was hottest May on record – “The really large anomalies started during January, and since then this signal has been quite persistent”

By Kelly Macnamara and Marlowe Hood 5 June 2020 PARIS (AFP) – Temperatures soared 10 degrees Celsius above average last month in Siberia, home to much of Earth’s permafrost, as the world experienced its warmest May on record, the European Union’s climate monitoring network said Friday. Large swathes of Siberia have been unusually warm for […]

An aerial view of floodwaters flowing from the Tittabawassee River into the lower part of downtown Midland on 20 May 2020 in Midland, Michigan. Thousands of residents have been ordered to evacuate after two dams in Sanford and Edenville collapsed causing water from the Tittabawassee River to flood nearby communities. Photo: Gregory Shamus / Getty Images

Two Michigan dams breached, thousands evacuated amid “devastating” record flooding – “It’s hard to believe that we’re in the midst of a 100-year crisis – a global pandemic – and a flooding event that looks to be the worst in 500 years”

By Elisha Fieldstadt and Doha Madani21 May 2020 (NBC News) – About 11,000 people in central Michigan were told to evacuate their homes after rapidly rising water overwhelmed dams, creating what the National Weather Service called a “life-threatening situation.” Gov. Gretchen Whitmer said the destruction in Midland County caused by the failures of the Edenville […]

Trump, Jared Kushner, and Ivanka Kushner as Immortan Joe and henchmen from “Mad Max: Fury Road”. “But nowhere has our policy been more evident than backward countries and failed states. Like the U.S. Here, as thousands of people died and got buried in mass graves, Il Duce left you to fight each other over medical equipment by entrusting it to his little shit-goblin-in-law.” Photo: The Juice Media

Honest Government Ad: Pandemic Update – “Scientists have been warning us for decades to prepare for this crisis. Did we? Of course not.”

30 April 2020 (The Juice Media) – The Government has made an ad about its response to the pandemic, and it’s surprisingly honest and informative. Scientists have been warning us for decades to prepare for this crisis. Did we? Of course not. The Machine said there was no profit in preventing future crises. So instead, […]

Mother and son wearing masks stand under a sky tinted red as surrounding bushfires close in, Mallacoota, Australia, 4 January 2020. Photo: Reuters

The age of stability is over, and coronavirus is just the beginning – “Our modern interconnected global economy is much more vulnerable than we thought”

By Wolfgang Knorr 16 April 2020 (The Conversation) – Humanity has only recently become accustomed to a stable climate. For most of its history, long ice ages punctuated with hot spells alternated with short warm periods. Transitions from cold to warm climates were especially chaotic. Then, about 10,000 years ago, the Earth suddenly entered into a […]

Locusts swarm in East Africa, 13 February 2020. Video: Channel 4 News / YouTube

East Africa faces dual shock from coronavirus and locust swarms – “My entire life in the world, I haven’t seen something like this before”

By Elliot Smith 23 March 2020 (CNBC) – Already being ravaged by the worst infestation of desert locusts in 70 years, East African economies are now staring down the barrel of the coronavirus pandemic. The region was the standout performer for economic growth in the subcontinent prior to the locust outbreak, which threatens the food security […]

Confirmed COVID-19 cases on 26 March 2020 in China, Italy, France, the U.S., South Korea, and Japan. Graphic: Mark Handley / UCL

Coronavirus pandemic could have caused 40 million deaths globally if left unchecked – “Health systems in all countries will be quickly overwhelmed”

By Ryan O’Hare 26 March 2020 (Imperial College London) – The outbreak of COVID-19 would likely have caused 40 million deaths this year in the absence of any preventative measures. This is one of the findings of a new analysis by researchers at Imperial College London, which estimated the potential scale of the coronavirus pandemic […]

Aerial view of the eastern expressway in Mumbai after Prime Minister Narendra Modi imposed a nationwide lockdown on 24 March 2020 in an attempt to slow the spread of the coronavirus. Photo: Atul Loke / The New York Times

More than 1 billion people in “total lockdown” in India after coronavirus cases spike – “To save India, to save its every citizen, you, your family, every street, every neighborhood is being put under lockdown”

25 March 2020 (BBC News) – India’s Prime Minister Narendra Modi has imposed a nationwide lockdown in an attempt to slow the spread of the coronavirus. The restrictions came into force at midnight local time (18:30 GMT) and will be enforced for 21 days. “There will be a total ban on venturing out of your […]

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