#Global Growth

[parikhinfosolutionpvtltd]

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[krhodesblog]

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[sharecarethiru]

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[jsbmarketresearch01]

Oil Prices Slide as the Global Economy Slows Down in 2023 Says IMF

On Tuesday, the oil prices fell from their highest levels on a stronger dollar in a month after the International Monetary Fund (IMF) signaled a warning that 2023 will be tougher as the major economies are now weakening. The U.S. West Texas Intermediate crude was down by 1.0% or 77 cents with the price marking $79.49 a barrel. The Brent crude future on the other hand dipped by 1.1% or 98 cents with a price marking $84.93 a barrel by 0148 GMT. The reason for the price slide is the strengthening of the U.S. dollar.

Not only oil but dollar-denominated commodities got more expensive for other countries holding different currencies. IMF Managing Director Kristalina Georgieva said that 2023 will be tougher than 2022 in terms of global economic growth because the financial acceleration is slowing down for the United States, Europe, and China. However, oil prices increased by 2% and more on Friday as WTI and Brent closed the year 2022 up 6.7% and 10.5%, respectively.

On 3 January 2023, the Societe Generale analysts said that in the week ending on 27 December 2022, commodities saw a bullish flow at $12.3 billion, the single largest weekly bullish flow for that particular year. The analysts also said that it is Brent where the commodity has the largest flow, and saw a bullish flow of $3.4 billion as Russia outlined to the EU its response and G7 put on a price cap on their nation’s crude exports that happen for the third parties.

[rebeccathenaturalist]

So on the surface this looks like a good thing. After all, we need mature and old-growth forests as they're havens for species dependent on that habitat type, and they are also exceptionally good carbon sinks compared to younger, less complex forests. (A big, old tree will still absorb and hold more carbon than a new, quick-growing one, and in fact for the first twenty or so years of its life a tree is actually carbon positive, releasing more than it absorbs.)

However, timber industries are trying to paint mature forests as fire hazards that need to be thinned out due to an abundance of plant life. They also tend to oppose leaving snags and nurse logs in the forest as "fuel", because they'd rather salvage what lumber they can from a freshly dead tree. So of course they're trying to push for cutting down trees as the solution to climate change's threat to mature forests.

Large, old trees are generally better adapted to surviving a fire simply by sheer size. Some have other adaptations, such as deeply grooved bark that can create relatively cooler pockets of air around the tree to help it survive, and the branches of older, taller trees of some species are higher up the trunk, away from lower-burning fires. And those old trees that survive are often important for helping to restore the forest ecosystem afterward, from providing seeds for new trees to offering wildlife safe haven and food.

When timber companies come in and log a forest, even if they don't take all the trees, they leave behind all the branches and twigs and just take the trunks. This creates a buildup of fine fuels that burn very quickly (think the twigs and paper you use to start a campfire), while removing coarse fuels that take longer to catch fire. In fact, an area that is subjected to salvage logging after a fire is much more likely to burn again within a few years due to all the fine fuels left behind by salvage logging.

Another factor is that not all forests are the same, even at similar ages. Here in the Pacific Northwest, as one example, the forests east of the Cascades live in drier conditions with slower plant growth, and low-level wildfires that can clean out ladder fuels before they pile up too high are more common. In those locations prescribed burns make sense.

However, the fire ecology of forests on the west side is less understood; because lightning storms are less common and the climate is wetter, fires just don't happen as often. And west-side forests are simply more productive, with denser vegetation that grows back quickly after even large fires like 2017's Eagle Creek Fire in the Columbia River Gorge. Historically speaking, west-side forests get fewer, but larger, fires. So the prescribed burns and other strategies employed for east-side forests aren't necessarily a good fit.

Finally, mature forests are much more biodiverse, and support many more species than a monocultural tree plantation. As climate change continues to affect the planet, mature forests and other complex ecosystems are going to become increasingly crucial to protecting numerous species, to include those dependent only on those ecosystem types. Thinning may seem like a great idea at first, but even if it isn't as destructive as clearcutting it will still damage a forest in ways that will take years to restore.

We really need to be wary of the narrative that thinning is the only way to curb climate change's effects on mature forests. It's a more complex situation than that, and we need to prioritize preserving these increasingly rare places as much as possible.

[moregraceful]

max and i are closing in on launching [redacted sports rpf charity fest] and i am once again pondering how do i write "experience with writing form emails and manipulating google forms in ways no one has dreamed of" in a cover letter without saying "i did it for the rpf grind"...like there's no way unless everyone in this microsoft teams meeting gets really cool about a bunch of stuff really quickly. you know

[blessedmoonsoul]

Francesca Amewudah-Rivers photographed by Serena Brown for British Vogue

"Often, throughout our conversation, Amewudah-Rivers’s doe eyes are glossy, pointed to the ceiling, perhaps to prevent the actor from revealing the true toll of her pre-show ordeal. But she remains defiant. “I am still processing the knock-on effects. But you know, that kind of noise is designed to make people like us hide,” she says. “And I won’t.”" - Interview by Kemi Alemoru (link in caption)

[txttletale]

Thoughts on pro vs anti growth?

i mean it's a classic for a reason. simple, satisfying. the quintessential combat trick. i get why people might be annoyed at how often it gets reprinted but there's just so few sets where it doesn't have a natural home!

[theleadersglobe]

Trump Media Eyes Major Growth with $247M Funding Boost

Trump Media & Technology Group has announced a significant development. The Securities and Exchange Commission has approved its filing for the resale of certain shares and warrants. This approval could potentially provide the company with $247 million in proceeds.

With these new funds, Trump Media plans to enhance its platform. This includes TV streaming, platform upgrades, and potential mergers and acquisitions. However, this news caused a 14% drop in extended trading due to potential equity dilution concerns.

Trump Media currently has over $200 million in unrestricted cash. Additionally, $40 million in restricted cash will become unrestricted. This change is due to the registration statement on Form S-1 becoming effective.

Read More:(https://theleadersglobe.com/business/trump-media-eyes-major-growth-with-247m-funding-boost/)

[kp777]

By Edward Carver

Common Dreams

June 7, 2024

Amid elections in Europe, opponents of ongoing planetary destruction argue that the "science is clear: politicians' obsession with infinite economic growth is leading us straight to disaster."

A group of about 20 scientists and allies on Friday blocked the doors to the European Commission office in Brussels to demand degrowth policies as European Union elections unfold in which no party has such an agenda and pro-environment candidates are expected to lose seats.

The degrowth advocates, who came from Scientist Rebellion and affiliated groups, called for the EU to stop using Gross Domestic Product as an index of prosperity and an end to "over-consumption and the advertising that drives it," among other demands. Carrying placards with messages such as "Green growth is a myth," they prevented employees of the European Commission, the executive branch of the EU, from getting to work Friday morning, they said in an emailed statement.

Wolfgang Cramer, an environmental geographer at the Mediterranean Institute for Biodiversity and Ecology in France and an Intergovernmental Panel on Climate Change (IPCC) author, supported the action from a distance.

"Economic growth is a concept that was useful almost 100 years ago to help politicians overcome the disaster of the 1929 world economic crisis," Cramer said, according to the statement. "Today, it has become a leitmotif to justify the destruction of our natural resources and to support the redistribution of wealth to the richest. What we need is an economic system that guarantees the well-being of everyone, while respecting the planet's limits. This is entirely possible if we have the political will."

The degrowth movement, which began in the 2000s following work in the field of ecological economics, seeks to address not only the climate crisis but also other ecological crises. Its proponents argue that economic growth is linked with energy and resource use—the more growth, the more difficult to stay within planetary limits on carbon emissions, or, for example, nitrogen and phosphorous use, they argue.

Degrowth is the subject of mockery in some legacy media outlets that hold economic growth sacrosanct and is a matter of fierce debate among leftist political thinkers, some of whom strongly oppose it. Despite the criticism, degrowth has grown in influence, especially in Europe, where the topic has moved from the "policy fringes" toward a "mainstream audience," Financial Timesreported last year. The economic paradigm questioning endless expansion has even received favorable mention in EU policy briefs and IPCC reports.

"It is unlikely that a long-lasting, absolute decoupling of economic growth from environmental pressures and impacts can be achieved at the global scale,” a European Environment Agency briefing says. "Therefore, societies need to rethink what is meant by growth and progress and their meaning for global sustainability."

Many climate policy researchers are in fact skeptical of "green growth" and support "growth agnostic" or degrowth policies, a 2023 study in Nature Sustainability found.

In a manifesto Scientist Rebellion pointed to on Friday, the group argued that, "The science is clear: politicians' obsession with infinite economic growth is leading us straight to disaster."

The group's Friday action comes on the second day of this week's EU elections, which run from Thursday to Sunday. Right-wing parties are pushing anti-environment messages with great success, The New York Timesreported Friday.

"The right wing is ascendant," according to the Times, which explained that the European Greens are polling poorly this year, after having won a record 10% of seats in the EU Parliament in 2019—a year of large climate protests, when the "zeitgeist was green."

That victory helped propel the EU toward the European Green Deal, a set of environmental laws and regulations centered around a legally binding target to reduce emissions by 55% by 2030.

However, inflation and high energy prices due to the war in Ukraine have changed some of the political dynamics. Rising prices have helped lead to what the European Council on Foreign Relations has called a “growing greenlash.”

Ahead of the elections, farmers' groups have protested regulations on agricultural pollutants, showing that "agriculture has been instrumentalized by the populist and hard-right groups throughout the 27-nation bloc," The Associated Pressreported.

Yet climate activist groups remain determined to push forward. Scientist Rebellion seeks to draw attention to what it sees as the blind spots in the political platforms of even Europe's left-wing and green parties.

"We deplore the fact that virtually no party is proposing a program that is up to the social and environmental challenge," said Laura Stalenhoef, a Ph.D. candidate in cognitive psychology in Germany who took part in Friday's action. "But we do not just denounce political inaction, we put forward concrete proposals for change: we urgently need to abandon GDP as an index of prosperity and organise a voluntary contraction of the economy before we witness ecological and social collapse."

[thoughtportal]

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Capitalism and poverty

[randompiggy]

Not shocked at the US not being dominant, I feel like if you’ve been paying attention for the last two years it’s not a surprise, but I am shocked by how poorly they’re playing. I mean Jesus, the pass accuracy has to be scraping the bottom of the fucking barrel. And with all respect to the great game from debuting Portugal, it’s also inexplicable to me that Portugal took their foot off the gas for most of the second half even though it was absolutely their game to lose

Simply wild all the way around

[sharecarethiru]

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[br1ghtestlight]

i love to say "if california wasn't so expensive" as if where im living right now isn't both more expensive and less accessible than ANY city in california or almost the entire country of america

[rebeccathenaturalist]

Not only does this act acknowledge that forests are a crucial part of natural carbon capture, but it specifically protects two thousands acres of western Washington old-growth forests, as well as funding more sustainable, climate-friendly forestry practices. A compromise also means that the state will buy younger, less established forests to provide timber revenue to rural areas that rely on timber for income.

Two thousands acres is a tiny fraction of the old-growth forests that were chewed up over the past century and a half by timber companies here, and it's not even all the remaining unprotected old growth left. But it's something, and it sets a precedent that could be used to protect other fragments of remaining old-growth in the future.