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Like a globe-spanning tornado that touches down with little predictability, deep economic anxieties are leaving a trail of political turmoil and violence across poor and rich countries alike. In Kenya, a nation buckling under debt, protests over a proposed tax increase last week resulted in dozens of deaths, abductions of demonstrators and a partially scorched Parliament. At the same time in Bolivia, where residents have lined up for gas because of shortages, a military general led a failed coup attempt, saying the president, a former economist, must “stop impoverishing our country,” just before an armored truck rammed into the presidential palace. And in France, after months of road blockades by farmers angry over low wages and rising costs, the far-right party surged in support in the first round of snap parliamentary elections on Sunday, bringing its long-taboo brand of nationalist and anti-immigrant politics to the threshold of power.
Persons: Locations: Kenya, Bolivia, France
Former President Donald Trump is the clear favorite when it comes to the stock market, according to the latest results of CNBC's Delivering Alpha Stock Survey. Of the 400 investors, traders and money managers polled, 67% said Trump would be better for stocks than President Joe Biden. The S&P 500 rose 68% during Trump's four years in office versus the 44% gain so far under Biden's administration. Seventy-seven percent of the survey respondents said they trusted the central bank to do right by the American economy, but 23% said they didn't trust the Fed. The 400 money managers who took the survey were evenly split on where they stand on the direction of the S&P 500 and Nasdaq.
Persons: Donald Trump, Trump, Joe Biden, there'll, we're Organizations: Alpha Stock Survey, Nasdaq, Biden, Federal Reserve
Abortion rights activists hold signs as they gather at the U.S. Supreme Court to mark the second anniversary of the Court overturning Roe v. Wade, in Washington, U.S., June 24, 2024. , U.S., June 24, 2024. The Supreme Court on Wednesday acknowledged that it inadvertently posted online a document related to a pending abortion case, which was obtained by Bloomberg Law before it was removed from the website. Supreme Court spokeswoman Patricia McCabe confirmed that a document was "inadvertently and briefly uploaded" to the court website, but added that the ruling "has not been released." The case concerns whether a federal law that regulates emergency room treatment overrides Idaho's strict abortion ban. The Supreme Court is due to issue rulings on Thursday and Friday as it reaches the end of its current term.
Persons: Roe, Wade, Patricia McCabe, Biden Organizations: U.S, Supreme, Bloomberg Law, NBC, Bloomberg, Labor Locations: Washington , U.S, Idaho
The release was a stunning development at the Supreme Court, which usually safeguards the release of its opinions. The abortion case was considered among the most significant of the current term that is winding down ahead of the July 4 holiday. A Supreme Court spokeswoman confirmed that a “document” was “inadvertently and briefly uploaded” to the court’s website. The decision came days after the Supreme Court unanimously rejected an effort by anti-abortion groups to limit access to the abortion pill mifepristone. In January, the Supreme Court agreed to decide the case and allowed the law to take effect while it did so.
Persons: Roe, Wade –, Biden, , , Patricia McCabe, Elena Kagan, Justice Ketanji Brown Jackson, wouldn’t, Steve Vladeck, Case, Reagan, Elizabeth Prelogar, Prelogar, Amy Coney Barrett, Joshua Turner, Weeks Organizations: CNN, Bloomberg News, Bloomberg, Supreme, Politico, US, Justice, University of Texas School of Law, of Justice, White, Justice Department, Idaho, Labor, Biden, Republican Locations: Idaho
The Supreme Court seems poised to temporarily allow emergency abortions in Idaho when a woman’s health is at risk, according to Bloomberg News, which reported on Wednesday that a copy of an opinion briefly appeared on the court’s website. It was unclear whether the document was final and a spokeswoman for the court declined to confirm what had been posted to its website, saying only that a decision in the case, Moyle v. United States and Idaho v. United States, would eventually be released. “The court’s publications unit inadvertently and briefly uploaded a document to the court’s website,” said the spokeswoman, Patricia McCabe. “The court’s opinion in Moyle v. United States and Idaho v. United States will be issued in due course.”According to Bloomberg, which did not immediately post the document online, the ruling indicated that a majority of the court had agreed to dismiss the case as “improvidently granted.”
Persons: Moyle, , Patricia McCabe, , “ improvidently Organizations: Bloomberg News, United, Bloomberg Locations: Idaho, United States, Moyle v
The underlying cause, though, are the billions of dollars their government owes its creditors. Kenya has the fastest growing economy in Africa and a vibrant business center. Interest payments alone are eating up 27 percent of the revenue collected. But the debts that are causing misery in Kenya and across Africa remain. More than half the people on the continent live in countries that spend more on interest payments than they do on health or education.
Persons: William Ruto Organizations: United Nations Conference, Trade, Development Locations: Kenya, Africa
A 24-foot-long banquet table has been laid out, but the dinner guests seem to have disappeared, leaving their coats behind. “We’re repulsed by this opulence,” said one of its creators, Einar de la Torre. “But we’re also thinking: ‘God, I wish I’d been invited to this party.’”The brothers Einar and Jamex de la Torre create mixed-media works of dazzling complexity. Pre-Columbian deities, Mexican lucha libre wrestlers, Olmec heads, Slavic water spirits — the de la Torres’ visual universe is vast and pantheistic. The brothers freely mix high and low, in part, they say, to challenge entrenched ideas about beauty and “good taste.”
Persons: “ We’re, , Einar de la, we’re, I’d, ’ ”, Einar, Jamex, Torre, Torres Organizations: Art Museum, Einar de la Torre, Mexican lucha Locations: San Antonio, Mexican
Dolly McDermott and her mother, Patricia McDermott, were making their way along Surf Avenue on Coney Island shortly after noon on Saturday. They were trying to get to the registration table for Brooklyn’s annual Mermaid Parade, but it was slow going — spectators kept asking them to pose for pictures. The daughter was wearing light-rimmed sunglasses, peach-colored frills, necklaces, bangles, and a foam seashell anchored to her back. Her mother struck a gothic contrast in black and white, with face paint and a full mermaid skeleton running the length of her outfit. “It’s taken us half an hour to walk this far,” the younger Ms. McDermott, an artist and a self-styled “professional eccentric,” said.
Persons: Dolly McDermott, Patricia McDermott, “ It’s, McDermott, Locations: Coney
And don’t ask who else is coming. Romilly Newman, chef, food stylist, social media personality Don’t bring a guest to a seated dinner. Raul Tovar/Houses & Parties Rebecca Gardner Please don’t ask people to take off their shoes when entering your apartment. Bronson van Wyck Gosh, I don’t think you can avoid certain topics in 2024. But don’t think you’re décor.
Persons: Ivy Getty, Rufus Wainwright, We've, Lang Phipps, Kate Upton, Illa Gaunt, Rebecca Gardner, William Laird, Sarah Harrelson, Jen Rubio, Jason Sean Weiss Sarah Harrelson, Alex Hitz, Ariel Arce, Larry Milstein, Eat, Maneesh, “ I’m, Wes Gordon, Lizzi Bickford, Smile, Tefi Pessoa, Daisy Prince, There’s, , Kristy Hurt, headhunter, Kendall Werts, Don’t, Jorn Weisbrodt Rufus Wainwright, Harry Hurt III, Liz Lange, Athena Calderone, Jennifer Gilbert, Kyle Hotchkiss Carone, it’s, you’ve, you’re, , Krista Schlueter, The New York Times Molly Jong, Gary Jackson Bronson van, , Laila Gohar, Susan Gutfreund, it’ll, Josh Flagg, somebody’s, Bronson van Wyck, Max Tucci, Sara Ruffin Costello, David Sedaris’s, Steven Badius, Kyle Hotchkiss, Kendall Werts “, It’s, Truman Capote, Jennifer Gilbert Don’t, Romilly Newman, Raul Tovar, don’t, Emily Post, ” They’re, Jobe, Lela Rose, ” Lizzi Bickford, Paloma Sandoval, Elsie Richter, Whitney, I’m, Zibby Owens, Molly Jong, That’s, Yana Paskova, The New York Times Harry Hurt, Elise Taylor, Francis Hauert, Doris Hauert, Jana Platina, Plum Sykes, Putin, Julie Reiner, Karsten Moran, Jennifer Gilbert I, Ken Fulk, Nobody, Giselle, Emma Gwyther, The New York Times Kendall Werts, Sedi, Nikki Haskell, Andy Warhol, Richard Weisman, Patricia Altschul, Amy Sacco, Hunter McRae, The New York Times Patricia Altschul, Dorothy Parker, Joey Wolffer Joey Wölffer, they’re, now’s, Rufus Wainwright I’m Organizations: Yorker, The New York Times, Trump, Biden, The New York, Google Locations: Converse, Uggs, Gardens, East Hampton, N.Y, New York, Gary Jackson Bronson van Wyck, we’ll, Delmonico’s, Europe, stow, someone’s, New Hampshire, Ukraine, Israel
DeSantis Vetoes All Arts Grants in Florida
  + stars: | 2024-06-21 | by ( Patricia Mazzei | ) www.nytimes.com   time to read: 1 min
For the past 10 days, Richard Russell has been rattled, poring over budgets and working the phones in an attempt to limit the consequences of Gov. Mr. Russell, the general director of the Sarasota Opera on Florida’s Gulf Coast, had expected his nonprofit organization to receive a state grant of about $70,000 once Mr. DeSantis signed a budget that state lawmakers had approved in March. But in a move that stunned arts and culture organizations, Mr. DeSantis vetoed the entirety of their grant funding — about $32 million — on June 12, leaving them scrambling to figure out how to offset the shortfall. “It’s not going to close us,” Mr. Russell said. “But it is a gap that I am going to have to figure out how to make up, and if I don’t find alternate sources of funding, that could be someone’s job.”
Persons: Richard Russell, Ron DeSantis’s, Russell, DeSantis, It’s, ” Mr, Organizations: Sarasota Opera Locations: Gulf
And so she did: “Black Barbie: A Documentary,” her newly-released project, takes a deeper look at the story behind Black Barbie and its impact on representation in the toy business, and culture more broadly. The first Black Barbie (pictured center) wore a bold red dress, gold jewelry and an afro. The actual Black Barbie doll didn’t become a reality until decades later, after the company hired Kitty Black Perkins in 1976 as its first Black designer. “Having Black Barbie (dolls) just reinforces the fact that being Black is fly and amazing — and that Black women are gorgeous. Black Barbie is also validation for us filmmakers, everybody who worked on it, being seen and heard in this industry,” she added.
Persons: Lagueria Davis, Beulah Mitchell, Davis —, , Barbie, ” Davis, Black Barbie, Black, Shonda Rhimes, Misty Copeland, Ibtihaj Muhammad, Maxine Waters, Copeland, Muhammad, Mitchell, Ruth Handler, Patricia A, Turner, Handler, , ” Mitchell, “ Christie ”, Julia ”, Christie, Julia, Diahann Carroll, Kitty Black Perkins, Black Barbie’s, Black Perkins, ” Black Perkins, Aaliyah Williams, , , White, Yolanda Hester, Shani, Stacey McBride, Irby, McBride, Kitty, Stacy, Williams Organizations: CNN, Mattel, SXSW, Black, Netflix, Locations: Mitchell’s
The Vatican’s meeting on the global debt crisis last week was not quite as celebrity-studded as the one that Pope John Paul II presided over 25 years ago, when he donned sunglasses given to him by Bono, U2’s lead singer. Emerging nations are contending with a staggering $29 trillion in public debt. Fifteen countries are spending more on interest payments than they do on education, according to a new report from the United Nations Conference on Trade and Development; 46 spend more on debt payments than they do on health care. Unmanageable debts have been a recurring feature of the modern global economy, but the current wave may well be the worst so far. Overall, government debt worldwide is four times higher than what it was in 2000.
Persons: Pope John Paul II, Bono, Francis, Organizations: United Nations Conference, Trade
Everybody Wants to Sound LikeBad Bunny As Bad Bunny and other Puerto Rican musical artists explode in popularity, language instructors say more people want to learn how to speak the island’s slick, swaggering version of Spanish.
Organizations: Puerto Locations: Puerto Rican
The rhythms of South Florida’s rainy season used to be somewhat predictable, with hot, humid days leading to midafternoon thunderstorms and then clear skies. Sometimes a downpour would ruin the evening commute; sometimes it would start and end in the few minutes it took to leave your desk and walk to the car. The pounding rain came weeks after the region experienced a stretch of rainless days that were extremely hot, with the heat index last month reaching a record high of 112 degrees. Florida’s sticky, bug-ridden storm season has always been more about endurance than enjoyment, even for those who savor the relative quiet. But staggering from oppressive heat to oppressive rain has robbed residents and businesses of a sense of routine that at least made this time of year a little more manageable.
Locations: Florida
Key parts of a Florida law that bans gender transition care for minors and imposes hurdles on adults seeking transition care are unconstitutional, a federal judge ruled on Tuesday. Judge Robert L. Hinkle of Federal District Court in Tallahassee sided with advocacy groups and three families who had said that the law stripped them of parents’ rights to make medical decisions for their transgender children. In a 105-page order, Judge Hinkle said that “gender identity is real” and that a “widely accepted standard of care” includes puberty blockers and hormone treatments that Florida unlawfully banned. “The state of Florida can regulate as needed but cannot flatly deny transgender individuals safe and effective medical treatment — treatment with medications routinely provided to others with the state’s full approval so long as the purpose is not to support the patient’s transgender identity,” Judge Hinkle wrote.
Persons: Robert L, Hinkle, Judge Hinkle, Organizations: Court Locations: Florida, Tallahassee
Europe’s share of the global economy is shrinking, and fears are deepening that the continent can no longer keep up with the United States and China. “We are too small,” said Enrico Letta, a former Italian prime minister who recently delivered a report on the future of the single market to the European Union. “We are not very ambitious,” Nicolai Tangen, head of Norway’s sovereign wealth fund, the world’s largest, told The Financial Times. “Americans just work harder.”“European businesses need to regain self-confidence,” Europe’s association of chambers of commerce declared.
Persons: , Enrico Letta, ” Nicolai Tangen Organizations: European Union, Financial Times Locations: United States, China, Italian
Perhaps the last thing the market needs is another shady financial product that pushes low-income Americans into homes they can’t afford, under terms that could bankrupt them. The zero-down mortgage is making a comeback, my colleague Matt Egan reports. And honestly, when has the value of the housing market ever gone anywhere but up up up up? The housing market, as we all remember from “The Big Short,” does not always go up. One way for motivated buyers to hunt for a lower mortgage rate is buy someone else’s.
Persons: America’s, aren’t, Matt Egan, you’re, let’s, didn’t, you’d, you’ll, , Patricia McCoy, ” Alex Elezaj, ” Adams, , Samantha Delouya, Ellen Harper, Samantha, ” Harper Organizations: New, New York CNN, Wall, United Wholesale Mortgage, Boston College Law School, CNN, Locations: New York, Georgia
The incredible oblivion of Judge Marvin Isgur
  + stars: | 2024-06-03 | by ( Dakin Campbell | ) www.businessinsider.com   time to read: +45 min
On a mild Houston day in March 2021, Judge Marvin Isgur prepared to oversee the only case on his docket that morning. In October 2023, the Fifth Circuit Court rebuked Judge David Jones but said that his longtime colleague, Judge Marvin Isgur, had been "unaware" of Jones' inappropriate relationship. "But only Judge Isgur knows what he knew or didn't know about the relationship." Much of this work was in cases before either Judge Isgur or Judge Jones. Isgur can continue to hear the case, he ruled, writing in the December 2023 opinion that lawyers for the creditor "failed to demonstrate much other than that former Judge Jones and Judge Isgur are close friends."
Persons: Marvin Isgur, David Jones, Jones, Elizabeth Freeman, Jackson Walker, Isgur, Michael Van Deelen, he'd, Freeman, Matthew Cavenaugh, Cavenaugh, Michael Van Deelen Van, Judge Jones, who'd, Steve Smith, Smith, Michael Lewis, Van Deelen, I'm, Van Deelen's, Tom Kirkendall, Gary Cruciani, Judge David Jones, Nancy Rapoport, University of Nevada Las Vegas William S, Kirkendall, " Jones, Trump, she's, Sarah, Porter Hedges, , — Elizabeth Freeman, John Higgins, Whitney Ables, Josh Wolfshohl, Amy Lucas, Porter, Wesley Steen, Fifth Circuit —, that's, Liz, Bruce Markell, it's, Judge William Greendyke, Lynn LoPucki's, Patricia Tomasco, Christopher Lopez, Manges, Greendyke, Albert Alonzo, Alonzo, Jones Isgur, Susan Tran Adams, Matt Cavenaugh, Veronica Polnick, Genevieve Graham, cookout, Graham, Tran, Christina Morrison, David, I, Neiman Marcus, J.C, Penney, Freeman hadn't, hadn't, Jim Wilkinson, Ellis, Kirkland, Ellis —, Veronica Polnick —, Polnick —, Elizabeth, COVID, Jackson, Kirkland Ellis, they'd, — Greendyke, Wilkinson, Judge Isgur, Mike Warner, Eduardo Rodriguez, Rodriguez, Isgur's, Judge Lopez —, Lopez, Alfredo Perez, Weil, Perez, Richard Schmidt, Jack Newsham Organizations: Business, Southern District of, McDermott International, Southern, Houston, Fifth Circuit, Appeals, Department of Justice, Fifth, University of Nevada, Boyd School of Law, Circuit, University of Houston, American Bankruptcy Institute, Emory Law School, Emory, Facebook, Big Law, Reuters, Bloomberg, Northwestern's Pritzker School of Law, Enron, LinkedIn, Southern District of Texas, Judicial Conference, Texas, Chesapeake Energy, Big, Kirkland, Cavenaugh, UPS, Technologies, Candy Club, Omni, Norton Rose, GWG Holdings Inc, Brands, Southern District's, Southern District, US, Former Locations: Texas, Southern District, Southern District of Texas, Houston, New Orleans, United States, University of Nevada Las Vegas, Kirkendall, Galveston, Carolina, Porter, Harris, Nevada, Southern District of Texas , Delaware, New York, Delaware, Weil, Southern, disgorge, Sorrento, Corpus Christi, prefacing
WHEN WOMEN RAN FIFTH AVENUE: Glamour and Power at the Dawn of American Fashion, by Julie SatowIn 1980, Donald J. Trump made the front page of The New York Times after assaulting a pair of scantily clad women at a Fifth Avenue department store. The sculptures’ significance was allegorical as well as architectural: Department stores, though erected mostly by men, have always been feminine domains. “The Ladies’ Paradise” is the English title of Émile Zola’s 1883 novel, set at a store modeled after Le Bon Marché, still standing in Paris despite the ravages of e-commerce. Patricia Highsmith framed her 1952 lesbian romance “The Price of Salt” at the fictional Frankenberg’s, based on Bloomingdale’s. Now Julie Satow has written a group biography of the department-store doyennes who ran the show — and these places in their heyday really were a form of theater — for the male founders and owners whose names adorned the facades.
Persons: Julie Satow, Donald J, Trump, Bonwit Teller, Émile, Le Bon Marché, Patricia Highsmith Organizations: WOMEN, New York Times, Trump Tower, Metropolitan Museum of Art, Department Locations: Paris
Puerto Rico Governor Loses Primary to Former Ally
  + stars: | 2024-06-02 | by ( Patricia Mazzei | ) www.nytimes.com   time to read: +1 min
Pedro R. Pierluisi of Puerto Rico lost his bid for a second term on Sunday, suffering a rare defeat by a sitting governor on the island after a rancorous primary. Mr. Pierluisi was defeated by Jenniffer González-Colón, Puerto Rico’s nonvoting member of Congress, in the primary for the governing New Progressive Party, which supports Puerto Rican statehood, The Associated Press reported. But in challenging Mr. Pierluisi, her former ally, Ms. González-Colón cast his administration as out of touch and ineffective. Puerto Rican politics do not neatly align with partisan politics in the mainland. While Mr. Pierluisi and Ms. González-Colón both belong to the pro-statehood party, Mr. Pierluisi is a Democrat and Ms. González-Colón is a Republican.
Persons: Pedro R, Pierluisi, Jenniffer González, Colón Organizations: Puerto Rico, New Progressive Party, Associated Press, New Progressive, Republican Locations: Puerto, Puerto Rican
Zero-down mortgages are making a comeback
  + stars: | 2024-05-30 | by ( Matt Egan | ) edition.cnn.com   time to read: +8 min
That massive roadblock is being removed by a new zero-percent down mortgage program launched two weeks ago by one of the nation’s largest mortgage lenders. ‘Demand has been huge’These mortgages are only open to first-time homebuyers and those making no more than 80% of the area’s median income. That’s because in order to refinance at a lower rate, the homeowner would need to fully pay off that second mortgage. For instance, Bank of America launched a zero-down payment mortgage program in 2022 for first-time homebuyers in certain Black and Hispanic neighborhoods. “These mortgages are going to be ticking time bombs – just like subprime mortgages –unless home prices continue to increase very substantially,” Kelleher said.
Persons: Mat Ishbia, homebuyers, Christian Petersen, refinances, UWM, ” Alex Elezaj, they’d, , Patricia McCoy, McCoy, won’t, Bankrate, , Anneliese Lederer, ” Lederer, ” Dennis Kelleher, ” Kelleher, Jonathan Adams, ” UWM, Elezaj, , ” Elezaj, ” It’s, “ We’re, Greg McBride, Adams, ” Adams Organizations: CNN, United Wholesale Mortgage, Phoenix Suns NBA, Phoenix Suns, NBA, Oklahoma City, Footprint Center, Boston College Law School, Consumer Financial Protection Bureau, Federal Reserve, Bank of America, US Department of Agriculture, US Department of Veterans Affairs, Center for Responsible, Better, Saint Joseph’s University, Bankrate, , Wall Street Locations: Phoenix , Arizona
The East Canfield Village neighborhood of Detroit is not the most likely place to encounter a monumental sculpture of an African crown glittering with gold lowrider paint and soaring high into the trees. Weber’s sculpture, “New Forest, Ancient Thrones,” in the newly designed East Canfield Art Park, was unveiled May 18 in a procession led by West African drummers. The sculpture melds crowns worn by two African queens — Ranavalona III of 19th-century Madagascar, who led her kingdom’s resistance to French colonizers before being exiled, and Idia of Benin, whose military derring-do during her son’s reign in the 16th century helped fend off tribal invaders. Weber’s métier is working in industrial corridors in redlined neighborhoods helping communities of color heal from the effects of environmental and social ills, often a lengthy and collaborative process. He is part of a growing movement called regenerative art, which seeks to revitalize links between communities and their ecosystems.
Persons: Jordan Weber, — Ranavalona III Organizations: Canfield Art, West Locations: Canfield Village, Detroit, Canfield, Madagascar, Benin
CNN —A federal appeals court, including two Donald Trump appointees, ruled Tuesday that the Democratic-lean of Washington, DC’s, population does not make its jury pool too biased to try a January 6 Capitol rioter case. The DC US Circuit Court of Appeals, in an opinion written by Barack Obama-appointed Judge Patricia Millett and joined by Judges Gregory Katsas and Neomi Rao, both Trump appointees, rejected the version of the argument put forward by Webster. “Webster asserts that the District overwhelmingly voted for President Biden and historically votes for Democratic candidates. … That may be,” Millett wrote. “Generalized disapproval of criminal conduct — even the specific conduct at issue in a defendant’s case — says nothing about a juror’s ability to be impartial in deciding whether a particular individual committed a crime or not.”
Persons: Donald Trump, Thomas Webster, Barack Obama, Patricia Millett, Gregory Katsas, Neomi Rao, Webster, “ Webster, Biden, ” Millett, Richard Nixon, , Organizations: CNN, Democratic, Capitol, New York Police, Trump, DC, Circuit, Appeals, DC Circuit Locations: Washington, DC’s
Making changes to our body hair is a near-constant element of stylistic transformation that is central to our self-presentation and expressions of individuality. Why then does the perception of armpit hair remain a constant — seen by many as so primally disgusting? When I talk about armpit hair, I’m talking mostly about women’s armpit hair. Corrin’s recent cover look has brought out more vitriol — this time, with the focus on their armpit hair. Corrin’s armpit hair was visible, but their gender preference was virtually erased.
Persons: Patricia Grisafi, Mary Sue, CNN —, Emma Corrin, Princess Diana, , Miu Miu, ” Corrin, it’s, , Rachel McAdams, ” McAdams, Emily Ratajkowski, Corrin Organizations: Guardian, Salon, NBC, Los Angeles, Daily, CNN, Globe Locations: “ The
For more than half a century, concerns about oil shortages or a damaged climate have spurred governments to invest in alternative energy sources. In the 1970s, President Jimmy Carter placed solar panels on the roof of the White House as a symbol of his commitment to developing energy from the sun. And in the 2000s, Germany developed an innovative program that guaranteed consumers who adopted a solar energy system that they would sell their electricity at a profit. Hoping to correct past missteps on industrial policy and learn from China’s successes, they are spending huge amounts on subsidizing homegrown companies while also seeking to block competing Chinese products. They have made modest inroads: Last year, the energy agency said, China’s share of new clean-energy factory investment fell to 75 percent.
Persons: Jimmy Carter Organizations: International Energy Agency Locations: Japan, Germany, Beijing, United States, Europe
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