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Earth is exceeding its “safe operating space for humanity” in six of nine key measurements of its health, and two of the remaining three are headed in the wrong direction, a new study said. Earth’s climate, biodiversity, land, freshwater, nutrient pollution and “novel” chemicals (human-made compounds like microplastics and nuclear waste) are all out of whack, a group of international scientists said in Wednesday’s journal Science Advances. “We are in very bad shape,” said study co-author Johan Rockstrom, director of the Potsdam Institute for Climate Impact Research in Germany. Water went from barely safe to the out-of-bounds category because of worsening river run-off and better measurements and understanding of the problem, Rockstrom said. Political Cartoons View All 1157 ImagesIf Earth can manage these nine factors, Earth could be relatively safe.
Persons: , Johan Rockstrom, , Rockstrom, it’s, , ” Rockstrom, Jonathan Overpeck, ” Overpeck, Neil Donahue, Duke’s Stuart Pimm, Granger Morgan, ” “ I’ve, ” Morgan, Seth Borenstein Organizations: Potsdam Institute, Climate, Research, Biodiversity, ” University of Michigan, Carnegie Mellon, Twitter, AP Locations: Germany, Paris
Kim Jong Un and Vladimir Putin shake hands as they begin their talks at the Vostochny Cosmodrome, Amur region, Russia, on September 13. Providing this technology to North Korea would be in violation of international sanctions, aimed at hampering Pyongyang’s ability to build a fully functioning nuclear weapons and ballistic missile force. After the talks, Kremlin spokesperson Peskov said “North Korea is our close neighbor,” according to state media. The two ballistic missiles fired by North Korea Wednesday morning each traveled about 650 kilometers (400 miles) before falling into the sea, according to the JCS. North Korea may be intending “to show that the military maintains readiness with uninterrupted command and control,” Easley said.
Persons: Vladimir Putin, Kim Jong, Putin, , ” Putin, , Kim Jong Un, Kim, Kim Jong Un's, Dmitry Peskov, ” Peskov, ” Leif, Eric Easley, John Bolton, ” Bolton, Peskov, Kim Yo Jong, Sergei Shoigu, Shoigu “, ” Kim Jong Un's, ” Easley, Ankit, ” Panda, we’ve Organizations: CNN, Vostochny, Kremlin, Ewha Womans University, North, Russian, US National Security, of, Munitions Industry, Russian Defense, South Korea’s, Chiefs of Staff, North Korea Wednesday, Kremlin Analysts, Security, Nuclear, Carnegie Endowment, International Locations: Korea, Russia, North Korea, Russia’s, Pyongyang, Ukraine, Vostochny Cosmodrome, Amur, Kremlin North Korea, North Korean, Moscow, Seoul, Cosmodrome, Soviet Union, “ North Korea, South
Explore How Income Influences Attendance at 139 Top CollegesAt many selective private colleges, being very rich is a door to entry — students with parents earning in the top 1 percent attend at much higher rates than other similarly qualified students, new data shows. The data is available for 139 colleges, including the top private colleges according to Barron’s and many of the top public and private colleges in U.S. News & World Report. The researchers also had access to internal admissions data for several of the most elite private colleges. In much of the next tier of elite private colleges, rich students have a similar advantage. Even though college attendance rises with parental income, when it comes to educating the majority of America’s four-year college students, public universities play a vital role — regardless of how much their parents make.
Persons: Raj Chetty, Deming, Friedman, Professor Chetty, John N . Friedman of Brown, David J . Deming, , Jesse Rothstein, Chetty, They’re Organizations: U.S . News, Harvard, Dartmouth, Chetty, Ivy League, University of California, Stony Brook University, Carnegie Mellon Locations: U.S, Dartmouth, Georgetown, Berkeley, Los Angeles, California, Swarthmore, Wellesley
Along with ramping up its domestic arms production, Moscow is turning to an old ally with a vast arsenal — North Korea. That would be a remarkable reversal from the 1950-53 Korean War, when the Soviet Union provided the communist North with weapons and ammunition. Shoigu became the first Russian defense chief to visit North Korea since the 1991 collapse of the Soviet Union. “Russia is hoping that North Korea could swiftly establish support channels to provide it with war materials like ammunition, bombs and other supplies,” Hong said. U.S. officials have cast Moscow’s reach for North Korean weapons as a reflection of Russian military problems.
Persons: Kim Jong, Vladimir Putin, Sergei Shoigu, Putin, Kim Jong Un, , Alexander Gabuev, Shoigu, Kim, Dmitry Peskov, ” Kim, Hong Min, Hong, Wagner, Jake Sullivan, ” Sullivan, embolden Kim, Dmitry Medvedev, , Emma Burrows, Kim Tong Organizations: United, North, Soviet Union, Russian Defense, Carnegie Russia Eurasia Center, Kremlin, Moscow, Korean People’s Army, Seoul’s Korea Institute for National Unification, House, Washington, Strategic, International Studies, Ukrainian, Russian, Royal United Services Institute, Russia’s Security, Associated Press Locations: Ukraine, Russia, Moscow, North Korea, United States, Soviet, Soviet Union, Pyongyang, Korea, Russian, Hong, U.S, United Nations, ” Washington, Iran, Ukrainian, Tallinn, Estonia, Seoul
North Korea's navy has historically been dwarfed by the country's land forces, and overshadowed by its rapidly advancing ballistic missile program. Here is what we know about North Korea's navy and its latest advancements. HOW BIG IS NORTH KOREA'S NAVY? "The North Korean Naval Force possesses the capacity to carry out a surprise attack any time," the paper said. In March and April North Korea tested what it said was a nuclear-capable unmanned underwater attack weapon.
Persons: Kim Jong Un, Kim, Romeo, Vann Van Diepen, Josh Smith, Gerry Doyle Organizations: North, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, Carnegie Endowment, International, Korean People's Navy, NAVY, Korean People's Army Naval Force, Korean, North Korean Naval Force, Naval, Thomson Locations: North Korea, Rights SEOUL, Korea, U.S, Pyongyang, Washington
The trend continued upward, so much so that by 1999 some universities had admissions policies that explicitly favored men. In doing so, the school managed to maintain a ratio of 45 percent men to 55 percent women. The young women’s lawyers argued that the extra points for men violated both the equal-protection clause and Title IX, which guarantees equal educational opportunities for men and women. But Title IX does not prohibit gender-based affirmative action in admissions at all schools. That Title IX exemption still stands, allowing private colleges and universities to privilege men during the admissions process.
Persons: Katie Lew, Marie Bigham, Pérez, ’ ”, — that’s, , Sourav Guha, , You’d, ’ ” Jason England Organizations: University of Georgia, Georgia, system’s, Regents, Princeton, Trinity College, National Association for College, , Wesleyan University, Carnegie Mellon, Wesleyan
PITTSBURGH (AP) — Dr. Richard W. Moriarty, a retired pediatrician from Pittsburgh who helped create the bright green Mr. Yuk sticker that warns kids away from poisonous substances, has died. Moriarty passed away on Thursday, according to Jeffrey Fugh of the funeral home John A. Freyvogel Sons Inc., which is handling arrangements in Pittsburgh. Moriarty was involved in establishing and developing the Pittsburgh Poison Center, where he served as director. He told the newspaper that the response by children in focus groups to the Mr. Yuk sticker's sickly green color and upset face was instrumental — "the Mr. Yuk symbol was designed by kids for kids.” The poison awareness campaign began in 1971. Visitation is Sunday and Monday, with a private funeral on Tuesday.
Persons: Dr, Richard W, Moriarty, Yuk, Jeffrey Fugh, John A, David Hairhoger Organizations: PITTSBURGH, Inc, Pittsburgh Poison Center, UPMC, Pittsburgh Post, Gazette, University of Pittsburgh, Carnegie Museum of, Pittsburgh Public Theater Locations: Pittsburgh, UPMC Shadyside, Pittsburgh's Lawrenceville
watch nowIndia's relationship with the United States is the strongest it's been in years. Despite warming ties — with both leaders sharing a hug during Modi's state visit to Washington in May — a "traditional alliance" between the two nations remains off the table, according to the Council on Foreign Relations. "Obviously, this is an area where American foreign policy leaders would like to see something different given American concerns about Russia's war in Ukraine," Ayres highlighted. In May, Biden and Modi announced a slew of technology and defense deals, ranging from collaborating on diversifying supply chains to working together across space and artificial intelligence. "Technology generally has really been in the lead in improving this relationship," said Evan Feigenbaum, vice president for studies at the Carnegie Endowment for International Peace.
Persons: Joe Biden, Narendra Modi, Alyssa Ayres, Ayres, CNBC's, … That's, Biden, Modi, Evan Feigenbaum Organizations: Indian, Group, Foreign Relations, Council, India's, White, Bloomberg, Getty, Carnegie Endowment, International Locations: United States, New Delhi, Washington, India, Pakistan, South Asia, Russia, Ukraine, Delhi, Moscow, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumption growth rate in China 'quite higher' than in the West, expert saysYukon Huang, senior fellow in the Carnegie Asia Program, says China has a significant growth potential.
Persons: Yukon Huang Organizations: Carnegie Asia Program Locations: China, Yukon
“This is hugely important, both practically and symbolically,” said Tim Franklin, director of the Local News Initiative at Northwestern University's Medill journalism school. The Carnegie Corp., the Democracy Fund, the Ford Foundation, the Robert Wood Johnson Foundation and MacArthur are among a group of 20 initial funders. Philanthropies that recognize the need to strengthen democracy are beginning to see that progress on many different issues depends on the public's understanding of facts, said John Palfrey, MacArthur Foundation president. He said he expected other funding will be added in the coming months to boost the commitment beyond $500 million. Struggling local news sources have also attracted the attention of state governments, where things like tax breaks for advertisers or subscribers are being discussed, he said.
Persons: , Tim Franklin, Robert Wood Johnson, John Palfrey, Franklin, there's, , Alberto Ibarguen, John S, James L, Ibarguen, wasn’t, ” Ibarguen, he's, Tom Rosenstiel Organizations: MacArthur Foundation, Foundation, Press, Local, Initiative, Northwestern University's Medill, Carnegie Corp, Democracy Fund, Ford Foundation, Robert Wood Johnson Foundation, MacArthur, Associated Press, Knight Foundation, Texas Tribune, Shawnee Mission, University of Maryland Locations: United States, Northwestern, Shawnee, Kansas, Richland, Ohio, Chicago, Dallas , Texas, Pennsylvania, Minneapolis, Boston, Dallas, Seattle, Philadelphia
[1/7] People attend what North Korean state media report was the country's launching ceremony for a new tactical nuclear attack submarine, in North Korea, in this handout image released September 8, 2023. North Korea plans to turn its existing submarines into nuclear weapons-armed attack submarines, and accelerate its push to build nuclear-powered submarines, Kim said. North Korea has test-fired a number of submarine launched ballistic missiles (SLBMs) and cruise missiles that can be fired from submarines. It is also unclear whether North Korea has fully developed the miniaturised nuclear warheads needed to fit on such missiles. North Korea has a large submarine fleet but only the experimental ballistic missile submarine 8.24 Yongung (August 24th Hero) is known to have launched a missile.
Persons: Kim Jong Un, KCNA, Kim Kun, Kim, they've, Tal Inbar, Vladimir Putin, Yoon Suk, Premier Li Qiang, Soo, hyang Choi, Leslie Adler, Sandra Maler, Jonathan Oatis Organizations: North, KCNA, REUTERS Acquire, Rights, ., DPRK, Democratic People's, Carnegie Endowment, International, Missile Defense Advocacy Alliance, Twitter, South, Premier, Security, Thomson Locations: North Korea, Rights SEOUL, Japan, Democratic People's Republic of Korea, Korean, United States, South Korea, State, Korea, U.S, Russia, Moscow, Jakarta, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer US diplomat discusses Xi's no-show at G20 Summit and US' lopsided ASEAN strategyEvan Feigenbaum from Carnegie Endowment for International Peace says if the Chinese president skips the APEC meeting later in the year, then it means something is preventing him from attending multilateral meetings.
Persons: Xi's, Evan Feigenbaum Organizations: Former, ASEAN, Carnegie Endowment, International, APEC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. needs to exert influence in ASEAN beyond just military leadership, think tank saysThe U.S. military's role in Southeast Asia is 'not in jeopardy' because many countries are afraid of China, says Evan Feigenbaum, a vice president for studies at Carnegie Endowment for International peace in Washington, D.C.
Persons: Evan Feigenbaum Organizations: U.S, Carnegie Endowment, International Locations: ASEAN, Southeast Asia, China, Washington ,
Chinese President Xi Jinping attends the plenary session of the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. More than 10 envoys from these countries stationed in China detailed to Reuters the increasing difficulty they face getting access to Chinese officials and other sources of information on the world's second-largest economy. When meetings are arranged, Chinese officials stick rigidly to scripted comments, the diplomats said, while some added they experienced hostile behaviour from nationalistic academics. However, envoys from two countries which enjoy close relations with China said they had experienced no such problems. "To Chinese officials, the benefits of such engagements have become less evident, while the political and security risks are growing."
Persons: Xi Jinping, GIANLUIGI, Ryan Neelam, Xi, Li Qiang, Vladimir Putin, COVID, Emmanuel Macron, Antony Blinken, Yun Sun, Sun, Tong Zhao, Martin Quin Pollard, Laurie Chen, John Geddie, Nick Macfie Organizations: Rights, Reuters, Lowy Institute, China Program, Stimson, Washington D.C, U.S, Carnegie Endowment, International, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, China, India, Beijing, Australian, Hong Kong, Russia, Ukraine, Taiwan, New Delhi, Moscow, Washington
They are buoyed by experts who say the arsenic risk is overblown, the mounts nothing short of art. The Endangered Species Act protects animals even in death, so the collection can’t be sold. But by the time he died in 1978, international laws and the Endangered Species Act were cracking down. In August, the results came back: 79% of specimens tested positive for detectable levels of arsenic, the city said. With protective gear, taxidermy can be moved safely despite arsenic, said Jennifer Menken, the public collections manager at the Bell Museum of Natural History.
Persons: , , John Janelli, Fran Ritchie, Gretchen Anderson, Dave Pfeifle, Henry Brockhouse, , Becky Dewitz, Jennifer Menken, Paul, encasing, Christina Meister, Dewitz, she's, Paul TenHaken, Barbara Philips, Jason Haack, Abby Normal’s, ” Haack Organizations: Sioux Falls City Council, National Taxidermists Association, Society for, Carnegie Museum of, Sioux Falls, West Sioux Hardware, Plains, The Associated Press, Bell Museum of, University of Minnesota’s, National Wildlife, U.S . Fish, Wildlife Service, City, Abby Normal’s Museum, City Council Locations: South, Sioux Falls, Pittsburgh, China, University of Minnesota’s St, Denver, U.S
35 Pop and Jazz Albums, Shows and Festivals Coming This Fall
  + stars: | 2023-09-04 | by ( ) www.nytimes.com   time to read: +2 min
BUTCHER BROWN A spirit of generous communion runs through “Solar Music,” the latest album from the Richmond-based hip-hop-jazz fusion quintet Butcher Brown. The album features guest appearances by the saxophonist Braxton Cook, the M.C. 's Pink Siifu and Nappy Nina and the trumpeter Keyon Harrold, among others. Butcher Brown will toast “Solar Music” at a concert Oct. 18 at Le Poisson Rouge. — ParelesROY HARGROVE By the time he died in 2018, at 49, Roy Hargrove had become the most impactful trumpeter of his generation.
Persons: BUTCHER BROWN, Butcher Brown, Braxton Cook, Nappy Nina, Keyon Harrold, Russonello SLAUSON MALONE, Slauson, Jasper Marsalis, Caramanica SUFJAN STEVENS, Sufjan Stevens, Stevens, Kitty, — Pareles, Antonio Carlos Jobim, João Gilberto, Sergio Mendes, Luis Bonfá, It’s, Seu Jorge, Carlinhos Brown, Daniel Jobim — Antonio’s, , — Pareles ROY HARGROVE, Roy Hargrove, Willie Jones III, Gerald Cannon, Roy Hargrove Big, Taja Cheek, , they’re Organizations: , Concord Jazz, Slauson Malone, Excelsior, NOVA, Carnegie Hall, Jazz, Lincoln Center, Dizzy’s Locations: Richmond, Le Poisson, , United States
This is a season of transition for two of New York’s most important arts institutions. And Jaap van Zweden, the New York Philharmonic’s music director since 2018, starts his final year in the position with help from Yo-Yo Ma, Steve Reich and Schubert. Grand orchestras like the Chicago Symphony and Staatskapelle Berlin at Carnegie Hall; the Emerson String Quartet’s farewell; and premieres by Kate Soper and Ted Hearne are among the other highlights coming this fall. And Matthew Ozawa’s staging for Detroit Opera aims to be a corrective to stereotypes about Japanese women and culture (Oct. 7-15). DEATH OF CLASSICAL The impresario Andrew Ousley’s bleakly winking concert series, performed in crypts and catacombs, includes the Calidore Quartet, which will present Beethoven’s Op.
Persons: Jake Heggie’s, Malcolm X ”, Florencia, Jaap van Zweden, Ma, Steve Reich, Schubert, Kate Soper, Ted Hearne, Phil Chan, Matthew Ozawa’s, PERELMAN, , Mahani Teave, Andrew Ousley’s bleakly, Lowell Liebermann’s, Maxim Lando, Bach’s “ Goldberg, Hanzhi Wang, David Lang’s Pulitzer, Organizations: Metropolitan Opera, York, Chicago Symphony, Berlin, Carnegie Hall, Emerson Colonial Theater, Detroit Opera, Trinity Church Wall, Easter Locations: el Amazonas, Boston, American
“That was my dream come true,” Lea Michele gushed from the stage on Sunday after her final performance in “Funny Girl,” the Broadway revival that the actress breathed new life into when its future looked grim one year ago. Michele’s sudden addition to the production, which closed with its star’s exit, stretched its run to nearly 600 performances and allowed it to recoup its capitalization costs — far from a guarantee on Broadway. “I was embraced with open arms the minute I came in.”Just as Michele reversed the show’s fortunes, “Funny Girl” appeared to have reversed hers. Three years ago, Michele’s celebrity had been clouded by a wave of criticism over bullying behavior and a prima donna attitude. Since she stepped in as the show’s lead, Michele has reassumed the role of a celebrated Broadway star, announcing Tony nominees, performing on late-night shows and booking a solo concert this fall at Carnegie Hall.
Persons: ” Lea Michele gushed, basked, , ” Michele, Michele, Tony Organizations: Broadway, Carnegie Hall
Never has “silence” been more resounding. (Chacon went on to win the Pulitzer Prize in music last year.) My 2023-24 go-to list includes other potentially horizon-expanding group shows, all historical. During the “global” moment a few decades back New York museums, large and small, regularly gave us valuable introductory samplings of unfamiliar (here, anyway) contemporary work from Asia. “Only the Young: Experimental Art in Korea, 1960s-1970s” at the Guggenheim Museum (Sept. 1-Jan. 7) is in the line of such shows and welcome in the present international spotlighting of Korean culture.
Persons: Harry Smith ”, Raven Chacon, , Chacon Organizations: Whitney Museum of American, Miller Institute for Contemporary Art, Carnegie Mellon University, Dakota, Pipeline, , Guggenheim Museum Locations: Pittsburgh, New York, Asia, Korea
Together, experts say, these efforts aim to enhance China’s military reach, which currently includes only one operational overseas naval base in Djibouti on the Horn of Africa. “It’s a question of when – not if – China will secure its next overseas military outpost,” he said. This photo taken on August 1, 2017, shows Chinese People's Liberation Army personnel attending the opening ceremony of China's new military base in Djibouti. The Hambantota commercial port in Sri Lanka has long been considered a prime candidate for a Chinese naval base. However, China’s path to developing permanent overseas bases, if indeed that is its aim, is not straightforward.
Persons: FDD, Craig Singleton, , , , Tea Banh, FDD’s Singleton, Tang Chhin Sothy, Singleton, Xi Jinping, Stringer, ” AidData, Stephen J, Townsend, ” Townsend, Bata, Ali Bongo Ondimba, Ken Ishii, , ” Singleton, China’s, Aaron Favila, Isaac Kardon, Kardon, ” Kardon, BlackSky Singleton, Rob Wittman, Fu Tian, Seth Moulton, ” Moulton, Martin Meiners Organizations: South Korea CNN, People’s Liberation Army Navy, Foundation for Defense of Democracies, People’s Liberation Army, PLA, Ream, Base, CNN, China’s Ministry of Defense, Ministry of Foreign Affairs, Ream Naval Base, ” Cambodian Defense, Cambodian, Getty, Fleet, Communist Party, US, Liberation Army personnel, William & Mary University, Sri Lankan Navy, US Africa Command, Gabonese, of, Xinhua, Naval Research Academy, Carnegie Endowment, International Peace, East China Seas, China, Control, Organization, Force, Strategic, International Studies, Defense Department, Chinese Communist Party, , Virginia Republican, The Defense Department, Qingdao Port, People's Liberation Army Navy, China News Service, America, Pentagon, US Defense Department Locations: Seoul, South Korea, China, Beijing, Washington, Cambodia, Argentina, Cuba, Djibouti, of Africa, Africa, West Asia, Gulf, Thailand, United States, Preah Sihanouk, AFP, Horn of Africa, , South, Taiwan, Virginia, , Sri Lanka, Bata , Equatorial Guinea, Gwadar, Pakistan, Kribi, Cameroon, Ream, Vanuatu, Nacala, Mozambique, Nouakchott, Mauritania, Colombo, Equatorial Guinea, Gabon, West Africa, South China, East Asia, East, Asia, Washington In Washington, Nanchang, Qingdao, Shandong province, Massachusetts
Tesla has received a special order from federal automotive safety regulators requiring the company to provide extensive data about its driver assistance and driver monitoring systems, and a once secret configuration for these known as "Elon mode." If the driver leaves the steering wheel unattended for too long, the "nag" escalates to a beeping noise. As CNBC previously reported, with the "Elon mode" configuration enabled, Tesla can allow a driver to use the company's Autopilot, FSD or FSD Beta systems without the so-called "nag." Tesla CEO Elon Musk who also owns and runs the social network X, formerly Twitter, often implies Tesla vehicles are self-driving. His use of Tesla's systems would likely comprise a violation of the company's own terms of use for Autopilot, FSD and FSD Beta, according to Greg Lindsay, an Urban Tech fellow at Cornell.
Persons: Elon Musk, Porte, Tesla, Elon, John Donaldson, Philip Koopman, Koopman, Ann Carlson, Ashok Elluswamy, Greg Lindsay, Grep, Bruno Bowden, Musk Organizations: SpaceX, Twitter, Porte de, CNBC, Traffic Safety Administration, Bloomberg, NHTSA, Automotive, Carnegie Mellon University, California DMV, FSD, Urban Tech, Cornell Locations: Paris, California
Google and Microsoft are currently testing out their own generative AI tools as well. History could help predict how generative AI "might actually influence or change work in the future," says Benanav. Tech could 'turn good jobs into bad jobs'Generative AI could change the nature and parameters of certain jobs. Introducing new tech into the process has been a way "to turn good jobs into bad jobs," he says. A recent analysis by Goldman Sachs found that, globally, 300 million jobs could be lost to generative AI.
Persons: Aaron Benanav, Felix Koenig, Jason Resnikoff, Resnikoff, who've, there'd, You'd, Koenig, Goldman Sachs, ZipRecruiter Organizations: SAG, Guild of America, HBO, National Union Solidarity, Google, Microsoft, Technology, Syracuse University, Carnegie Mellon University, Pew Research Center, University of Groningen Locations: New York City, Netherlands
That’s almost three times what Russia spent on defense in 2021, before its full-scale invasion of Ukraine in February 2022. Those figures are likely to underestimate the total spent on Russia’s war effort. He said that before the war Russia would typically splash around 3-4% of its annual gross domestic product on defense but now it could be anywhere between 8% and 10%. Russia’s exports are still greater than the value of its imports, despite a boost to the latter from the hefty military spending. Rising military spending is, on the other hand, boosting Russia’s industrial output and, with it, GDP.
Persons: London CNN —, Vladimir Putin, Putin, That’s, Richard Connolly, Janis Kluge, Irina Okladnikova, Liam Peach, it’s, Peach, Kluge, , , , Maksim Konstantinov, Alexandra Suslina, Suslina, Alexandra Prokopenko, Prokopenko, — Anna Cooban, Tim Lister, Olesya Dmitracova Organizations: London CNN, Reuters, Stockholm International Peace Research Institute, Royal United Services Institute for Defence, Security Studies, German Institute for International and Security Affairs, Capital Economics, CNN, , ZUMA, International Monetary Fund, Carnegie Russia Eurasia Center, International Energy Agency, West Locations: , Ukraine, Russia, Stockholm, Moscow, “ Russia, Russian, Saint Petersburg, Soviet, Berlin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economic weakness: Confidence is not the biggest problem, analyst saysMichael Pettis of Carnegie China lack of confidence in the country's economy is a "consequence of the deeper problems."
Persons: Michael Pettis Organizations: Carnegie Locations: Carnegie China
Many economists have called on China to boost its social safety net to rebalance the economy. Yao was unswayed and would prefer consumer vouchers, which some local governments in China have issued, but in amounts too small to matter at a macro level. Local governments, while cash poor, are asset rich. Michael Pettis, senior fellow at Carnegie China, estimates that if Beijing forces local governments to transfer 1-1.5% of GDP to households, China could maintain current growth. "One of the really big conflicts is likely to be between Beijing and the local governments over how to allocate the various adjustment costs.
Persons: Erin Yao, Juan Orts, Orts, Tokyo's, Yao, joblessness, Jens Eskelund, Wang Jiliu, Wang, Michael Pettis, Laurie Chen, Kripa Jayaram, Marius Zaharia, Sam Holmes Organizations: Fathom Consulting, Communist Party, Reuters Graphics, European Chamber of Commerce, Carnegie China, Thomson Locations: BEIJING, HONG KONG, China, Beijing, United States, Hainan
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