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☆ Kessler Syndrome: Space junk is clouding Earth’s orbit. Is it past the point of no return?
▼ + stars: | 2024-12-27 | by ( Jackie Wattles | ) edition.cnn.com time to read: +16 min

“So we are heading towards the situation that we are always dreading.”The event Reddy referred to is a hypothetical phenomenon called Kessler Syndrome. Named for American astrophysicist Donald Kessler and based on his 1978 academic paper, Kessler Syndrome — as the term is used today — has a muddy definition. Given that “Kessler Syndrome” is not an instantaneous event, scientists are debating whether the phenomenon could already be in motion. The researchers interviewed for this story offered differing perspectives on whether events indicative of Kessler Syndrome had already kicked off. But Frueh said that’s why she no longer believes Kessler Syndrome is a useful term.

Persons: ”, Vishnu Reddy, Reddy, Donald Kessler, Kessler, J . Mai, Bob Hall, fleck, Alan Dyer, VWPics, Carolin Frueh, Frueh, Purdue’s Frueh, “, ” Frueh, Thomas Berger, Berger, Dan Oltrogge, “ Kessler, Dr, Nilton, Renno, Arizona’s Reddy Organizations: CNN, Space Station, NASA, University of Arizona, European Conference, European Space Agency, ESA, US, Iridium, US Air Force, COMSPOC Corp, Space Shuttle Challenger, astronautics, Purdue University in, GEO, University of Colorado’s, Weather Technology, Research, Education, Space Standards, University of Michigan, Companies, Systems, GmbH, ION, United Nations, University Locations: Tucson, Darmstadt, Germany, United States, Russia, India, China, Russian, Purdue University in Indiana, Washington ,

☆ 'The market is right': Former Fed policymaker Mester sees fewer rate cuts next year after Trump's victory
▼ + stars: | 2024-11-12 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump's proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Markets trimmed their forecasts for rate cuts following Trump's election victory last week, with speculation growing around his tariff proposals and their implications for the world economy. It comes as concern is growing among global policymakers about the implications of Trump's fiscal plans, particularly on tariffs. "A trade war is the last thing we need," he continued. "If a trade war is to start, the European Union must not be unprepared as it was in 2018."

Persons: Donald Trump's, Loretta Mester, Mester, they're, Trump, It's, there's, —, Olli Rehn, Rehn Organizations: U.S . Federal, UBS European Conference, Cleveland Federal Reserve, Reuters, Trump, Bank of Finland, European Central Bank policymaker, UBS, European Union Locations: London, U.S, Europe, European

☆ We're not headed for another global financial crisis, top UBS economist says after recession warning
▼ + stars: | 2023-11-15 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

U.S. credit card debt soared to $1.08 trillion in the third quarter of 2023, data from the Federal Reserve Bank of New York showed earlier this month. "I don't think we're facing the next GFC [global financial crisis]," he said on the sidelines of the UBS European Conference. Credit tightening does play a role when it comes to the lag of Federal Reserve monetary policy filtering through to the economy, Pingle suggested. The Federal Reserve began hiking interest rates in March 2022 in an effort to ease inflation and cool the economy. "It's great news for the Federal Reserve in their quest to restore price stability," Pingle told CNBC on Wednesday.

Persons: Jonathan Pingle, Pingle, CNBC's Joumanna Bercetche, It's Organizations: UBS, Federal Reserve Bank of New York, UBS European Conference, Silicon Valley Bank, Federal Reserve, CNBC, Wednesday, Fed Locations: Silicon

☆ UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
▼ + stars: | 2023-11-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Meanwhile, the bank's economists suggested that "fewer of the supports for growth that enabled 2023 to overcome those obstacles will continue in 2024." Between March 2022 and July 2023, the FOMC enacted a run of 11 rate hikes to take the Fed funds rate from a target range of 0.25-0.5% to 5.25-5.5%. The bank believes this has renewed growth concerns and shows the economy is "not out of the woods yet." watch now"In our view, the private sector looks less insulated from the FOMC's rate hikes next year. Looking ahead, we expect substantially slower growth in 2024, a rising unemployment rate, and meaningful reductions in the federal funds rate, with the target range ending the year between 2.50% and 2.75%."

Persons: Jerome Powell, Evelyn Hockstein, Arend, You've, CNBC's Joumanna Organizations: Federal, Federal Reserve, Reuters UBS, U.S . Federal Reserve, UBS, Labor, CNBC, UBS European Conference Locations: Washington , U.S, U.S, Swiss, Europe

☆ Patmos: The Greek island where the end of the world began
▼ + stars: | 2018-09-17 | by ( John Malathronas | ) edition.cnn.com time to read: +9 min

CNN —The island of Patmos, sitting under perfect blue skies in the eastern reaches of the Aegean sea, may look like a typical vacation destination in Greece, but it isn’t. ‘Sacred island’The island is dominated by the fortress-like Monastery of St. John. John MalathronasChristos Patakos, manager of Patmos Aktis, the only five-star hotel on the island, shook his head. “There’s a general feeling, especially among the regulars and those who own houses on Patmos, that the island must be ‘protected’ from mass tourism. Patmos Aktis Suites & Spa, Patmos 855 00; +30 2247 032800Monastery of St. John the Theologian, Patmos 855 00; +30 2247 031223

Persons: John Malathronas, Malathronas, John, Anne, he’s, John’s, ”, Byzantine Emperor Alexios I Komnenos, There’s, –, Sultan Mehmed, Mount Athos –, they’re, Panagos Evgenikos, ” Evgenikos, “, Patmos, there’s Petra, Aga Khan, David Bowie, Giorgio Armani, Nicholas Negroponte, Charles Pictet, Josef Zisyadis, Dorian Amar, Amar, Domaine, I’ll, John Malathronas Christos Patakos, Patmos Aktis, “ There’s, ” Father Bartholomew, ” Bartholomew, Bartholomew, ” Patakos, John the Organizations: CNN Travel, CNN, St, Lourdes, MIT’s Media Locations: Greece, Patmos, It’s, St, Byzantine, Christodoulos, Mount, island’s, Santiago de Compostela, Spain, France, Lambi, Grikos, Tragonissi, Swiss, Petra, French, l’Apocalypse, Athos, Jerusalem, Kos

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