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☆ This Is Public Housing. Just Don’t Call It That.
▼ + stars: | 2023-08-25 | by ( Conor Dougherty | More About Conor Dougherty | ) www.nytimes.com time to read: +2 min

Traditional public housing, financed by the Department of Housing and Urban Development and operated by one of the nation’s roughly 3,300 public housing agencies, is locked in steady decline. Today, instead of building taxpayer-owned buildings, much of the federal housing money flows through the private sector. The underlying message of those programs is that the era of government-owned housing is over. In Montgomery County, however, the stock of government-owned housing has steadily grown for decades while the definition of what it can be has expanded. The reason: In the Washington region, as in every other high-growth metropolitan area, the demand for affordable housing is way beyond what federal housing programs can provide.

Organizations: Department of Housing, Urban Development Locations: Montgomery County, Washington

☆ China risks a debt deflation loop but could avoid a lost decade if it plays its cards right, Morgan Stanley says
▼ + stars: | 2023-08-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economy is at risk of falling into a debt-deflation loop, according to Morgan Stanley. That's a scenario where prices fall, debt rises, while economic growth stagnates. But policymakers could avoid that future if they keep interest rates below a key level. "China's policymakers will need to act forcefully. That trifecta of obstacles means it could be possible that China's economy could do even worse than Japan did in the 90s, according to Nobel laureate Paul Krugman.

Persons: Morgan Stanley, That's, Chetan Ahya, Ahya, Paul Krugman Organizations: Service, Bank of Japan Locations: Wall, Silicon, China, Asia, Japan

☆ The economy is very fragile with inflation still hurting poorer Americans, economist Steve Moore says
▼ + stars: | 2023-08-10 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

But Steve Moore believes the economy still looks "very fragile". Inflation is still sapping poorer Americans' purchasing power, he told Fox Business Wednesday. Top economist Steve Moore is urging caution, though – warning the economy is not as robust as it seems. Moore sees high food and energy prices as the main threat to the economy's health, ahead of July's Consumer Price Index report, set to be released Thursday. Other economists, such as Nobel laureate Paul Krugman, believe massive food inflation has been driven by Russia's invasion of Ukraine, rather than Biden's fiscal policies.

Persons: Steve Moore, Moore, Paul Krugman, Vladimir Putin, Krugman Organizations: Fox Business, Service, Federal Reserve, Heritage Foundation, July's, Biden, New York Times Locations: Wall, Silicon, Ukraine, Russia

☆ Top economist Paul Krugman says food inflation has mostly been caused by Russia
▼ + stars: | 2023-08-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Food inflation has mostly been brought on by Russia, top economist Paul Krugman said. The Nobel laureate pointed to accelerating food prices over the past year, with the Food and Agriculture Organization's Food Price Index rising to 123.9 in July. But the primary driver of "foodflation" exists outside of the US -- and lies largely in the hands of Russia, Krugman argues. Russia's invasion of Ukraine also spiked fertilizer prices, as the nation is one of the world's largest exporter of fertilizer. Still, Russia's impact is still "at the top of the list" for culprits driving food inflation.

Persons: Paul Krugman, Vladimir Putin, Krugman, Biden, That's, Putin Organizations: Service, Soaring, Food, Agriculture, That's, Observers, Cleveland Fed Locations: Russia, Ukraine, Wall, Silicon, Kazakhstan, Odesa, Europe

☆ Morgan Stanley sees 20% upside in this little-known education stock with exposure to Latin America
▼ + stars: | 2023-08-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Don't sleep on Laureate Education , Morgan Stanley said. The Wall Street bank upgraded the Baltimore-based small cap, which operates universities in Mexico and Peru, to overweight from equal weight. Morgan Stanley also raised its price target to $17 from $15, implying more than 20% upside over the next 12 months. "Education is a key part of the nearshoring story," Martinez said. On top of all that, Morgan Stanley's Martinez noted Laureate's valuation is cheap relative to Brazilian rivals such as Vitru and Ser Educacional .

Persons: Morgan Stanley, Javier Martinez de Olcoz, Martinez, Morgan Stanley's Martinez, Ser, — CNBC's Michael Bloom Organizations: Education Locations: Baltimore, Mexico, Peru, Asia, U.S

☆ Opinion | What G.D.P.’s Cousin Can Tell Us About the Economy
▼ + stars: | 2023-08-07 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

But it would make gross output go up because there’s a new B2B purchase involved. It’s at least conceivable that gross output is a leading indicator of the economy. Gross output adjusted for inflation peaked in the same quarter as gross domestic product in 2007, when the deep recession of 2007-9 began. Skousen has created his own version of gross output that’s even bigger than the government’s because it has even more deliberate double counting. His gross output number for this year’s first quarter was more than $58 trillion at an annual rate.

Persons: Gross, Mark Skousen, Finn Kydland, Skousen, David Ranson Organizations: Chapman University in, HCWE Locations: Chapman University in Orange, Calif, G.D.P

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Cinemark, Nvidia, Meta, Berkshire Hathaway & more
▼ + stars: | 2023-08-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating after Apple's quarterly 10-Q report. Morgan Stanley upgrades Laureate to overweight from equal weight Morgan Stanley said the education company is a beneficiary of nearshoring. Morgan Stanley reiterates Palo Alto Networks as overweight Morgan Stanley said the company has a "differentiated" and "disruptive" platform. " UBS reiterates Berkshire Hathaway as buy UBS said it's standing by its buy rating on shares of Berkshire after its earnings report Saturday. Morgan Stanley reiterates Cinemark as overweight Morgan Stanley said it's standing by its overweight rating on Cinemark as the success of "Barbie" and "Oppenheimer" has "squashed" the theatrical bear case.

Persons: Morgan Stanley, Apple, DA Davidson, Andy Jassy, Wells, Holley, it's, Raymond James, Charles Schwab, Schwab, EchoStar, Guggenheim, Berkshire Hathaway, Cinemark, Oppenheimer, Truist, Piper Sandler, Piper, MNST, Wright Organizations: UBS, Meta, Facebook, Bank of America, Nvidia, U.S ., Networks, Alto Networks, United Airlines, Berkshire, Comcast, CNBC, Monster Beverage Locations: WhatsApp, nearshoring, United, Berkshire, NBCUniversal

LONDON, Aug 2 (Reuters) - A partial pardon by Myanmar's ruling military of jailed former leader Aung San Suu Kyi means "absolutely nothing", her younger son said on Wednesday, calling on Western governments to do more to step up pressure on the junta. Myanmar has been in turmoil since early 2021, when the military overthrew Suu Kyi's elected government and cracked down on opponents of military rule, with thousands jailed or killed. Suu Kyi had won a 2015 election, held as part of tentative military reforms, and her party won again in 2020, before the military complained of election fraud. Kim Aris, the son of Myanmar’s detained former leader Aung San Suu Kyi, poses for a portrait at the Reuters office in London, Britain, August 2, 2023. "But I do not see that this will actually result in any dialogue," he said of Suu Kyi's partial pardon.

Persons: Myanmar's, Aung San Suu, Kim Aris, Suu Kyi's, Suu Kyi, Michael Aris, Myanmar’s, Aung San, Aung San Suu Kyi, Dylan Martinez, I've, Aung, Suu, Sachin Ravikumar, Nick Macfie Organizations: Reuters, Aris, REUTERS, National Unity Government, Thomson Locations: British, London, Myanmar, Aung San Suu, Britain, Aung San, U.S

☆ Top officials, economists say Fitch's downgrade of the US economy is 'strange' and 'bizarre'
▼ + stars: | 2023-08-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Top economists and administration officials bashed Fitch's downgrade, calling it bizarre. Even Nobel laureate and economist Paul Krugman was baffled about "that bizarre Fitch downgrade," as he posted on X. "I am very puzzled by many aspects of this announcement, as well as by the timing," wrote El-Erian, the chief economic adviser to German financial services giant Allianz. Former Treasury Larry Summers slammed Fitch's downgrade on X, posting that the decision is "bizarre and inept" given that the American economy looks "stronger than expected." Fitch flagged the risk of a US credit rating downgrade in May citing political "brinksmanship" in negotiations over raising the debt ceiling.

Persons: Fitch, there's, bashed, Janet Yellen, Paul Krugman, Mohamed El, Erian, Treasury Larry Summers, Biden Organizations: AAA, Service, Allianz, Treasury, Dow Jones Industrial, Nasdaq Locations: Wall, Silicon

☆ Myanmar junta reportedly pardons ex-leader Aung San Suu Kyi on five offenses
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: +2 min

Myanmar migrant workers hold a portrait of Aung San Suu Kyi during the march to mark International Labor Day in Bangkok, calling for the workers rights and protesting against the Myanmar military government on May 1, 2023. An informed source said both Suu Kyi and Win Myint would remain in detention. "She won't be free from house arrest," said the source who declined to be identified due to the sensitivity of the issue. Suu Kyi, the daughter of Myanmar's independence hero, was first put under house arrest in 1989 after huge protests against decades of military rule. In 1991, she won the Nobel Peace Prize for campaigning for democracy but was only fully released from house arrest in 2010.

Persons: Aung, Suu Kyi, Myanmar's, Aung San Suu Kyi, Zaw Min Tun, Win Myint, Win, Suu Kyi's Organizations: International Labor, Myanmar, Eleven Media, Administration Locations: Myanmar, Suu, Bangkok, Naypyitaw

☆ Aung San Suu Kyi’s Prison Sentence Reduced in Myanmar
▼ + stars: | 2023-08-01 | by ( Sui-Lee Wee | More About Sui-Lee Wee | ) www.nytimes.com time to read: 1 min

The military government in Myanmar has reduced the prison sentence for Daw Aung San Suu Kyi, the Southeast Asian nation’s ousted civilian leader, by six years, a military spokesman said on Tuesday. The announcement came as a surprise but would not significantly change the fate of Ms. Aung San Suu Kyi, who was deposed by Myanmar’s military in a February 2021 coup. Her lawyer said that Ms. Aung San Suu Kyi, 78, still has to serve 25 more years in prison. Ms. Aung San Suu Kyi has been serving a 33-year sentence on corruption and other charges since December 2021. Rights groups and supporters say the charges were trumped up and meant to keep the Nobel Peace laureate, who is extremely popular in Myanmar, from elected office.

Persons: Daw Aung, Suu Kyi, Aung Organizations: Myawaddy TV Locations: Myanmar, Suu

☆ Myanmar junta officially postpones election promised after 2021 coup - state TV
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +1 min

CHIANG MAI, Thailand, July 31 (Reuters) - Myanmar's ruling junta has officially postponed an election promised by August this year after its 2021 coup, state television reported on Monday night. Junta leader General Min Aung Hlaing, in a meeting on Monday with the army-backed National Defence and Security Council (NDSC), extended a state of emergency by six more months. The military seized power after complaining of fraud in a November 2020 general election won by Suu Kyi's party. The overthrow of Suu Kyi's elected government derailed a decade of reform, international engagement and economic growth, while leaving a trail of upended lives in its wake. Reporting by Myanmar staff; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Persons: CHIANG, General Min Aung, Nobel, Aung, Suu Kyi, Suu Kyi's, Nick Macfie Organizations: CHIANG MAI, Junta, National Defence, Security, Myanmar, Thomson Locations: Thailand, Suu, Myanmar

☆ Science advisors for 'Oppenheimer' say Christopher Nolan taught himself quantum physics so well that it made their jobs easy
▼ + stars: | 2023-07-28 | by ( Maiya Focht | ) www.businessinsider.com time to read: +3 min

Christopher Nolan's new film 'Oppenheimer' features complex science. Science advisors on his latest film, "Oppenheimer," told Insider that's because he teaches himself the science before he even sits down to write. Thorne, who attended lectures by the real J. Robert Oppenheimer while studying at Princeton, has first-hand knowledge about Oppenheimer the man, not just his science. So he said that he clarified and expanded on some of the interactions these famous men would have had with one another for Nolan's film. Oppenheimer was an expert in quantum physics, and was responsible for bringing the discipline to the US, Thorne said.

Persons: Christopher Nolan's, Oppenheimer, Nolan, Christopher Nolan, Tenet, he's, Kip Thorne, Thorne, Robert Oppenheimer, it's, David Saltzberg, Saltzberg, Prefacing he's Organizations: Service, Princeton, UCLA, Trinity Locations: Wall, Silicon

☆ Myanmar military may move Suu Kyi to house arrest - media
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

[1/2] A demonstrator holds up a placard outside the Central Bank of Myanmar to protest against the military coup and to demand the release of elected leader Aung San Suu Kyi, in Yangon, Myanmar, February 11, 2021. REUTERS/Stringer/File PhotoJuly 26 (Reuters) - Myanmar's military government may move ousted leader Aung San Suu Kyi from prison to house arrest in the capital, Naypyitaw, two media outlets reported on Wednesday. Many Western governments have condemned the junta's treatment of Suu Kyi and others, calling for their release. The daughter of Myanmar's independence hero was first put under house arrest in 1989 after huge protests against decades of military rule. In 1991, she won the Nobel Peace Prize for campaigning for democracy but was only fully released from house arrest in 2010.

Persons: Aung San, Aung San Suu Kyi, Stringer, Suu, Kyaw Zaw, Suu Kyi, Don Pramudwinai, Kanupriya Kapoor, Robert Birsel Organizations: Central Bank of, REUTERS, Associated Press, BBC, Reuters, National Unity Government, Thai Foreign, ASEAN, Myanmar, Thomson Locations: Central Bank of Myanmar, Aung San Suu, Yangon, Myanmar, Naypyitaw, Suu

☆ Here's why China's economy is headed for stagnation, according to Nobel economist Paul Krugman
▼ + stars: | 2023-07-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economy is headed for a slowdown, according to Nobel laureate Paul Krugman. The top economist compared China's disappointing economic performance so far this year to Japan's economic woes in the 90s, when the nation's economic power began to decline. On top of that, China is also suffering from an unbalanced economy, Krugman said, with demand struggling to rebound after the pandemic. Manufacturing activity contracted in May, while real estate activity, which makes up about a fifth of China's economy, has also stalled. Other experts have warned of trouble for China's economy amid its so-far disappointing economic recovery.

Persons: Paul Krugman, Krugman Organizations: Service, New York Times Locations: China, Japan, Wall, Silicon

☆ The beauty and terror of Oppenheimer's first-ever nuclear test explosion, in the words of those who witnessed it
▼ + stars: | 2023-07-25 | by ( Tom Porter | Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

On July 16, 1945, at 5:29 a.m., the world's first nuclear weapon test was conducted in New Mexico. A photo made by a US Army automatic newsreel camera showing the test explosion of the world's first atomic bomb. An aerial view of the aftermath of the explosion at Trinity Test Site, New Mexico, July 16, 1945. The massive explosion of Oppenheimer's Trinity test was first explained away as an ammo dump explosion. Asked to describe his reaction to seeing the explosion, Oppenheimer quoted a verse from the Bhagavad Gita, a Hindu devotional text.

Persons: J, Robert Oppenheimer, Robert Oppenheimer —, Christopher Nolan's, —, Arthur Compton, Compton, Oppenheimer, Nolan, It's, Elsie McMillan, Edwin McMillan, Gadget, John Donne, Eddie Adams, Sam Allison, Marvin Wilkening, Brig, Thomas F, Farrell, William Spindel, I'm, Roger Rasmussen, Trinity Organizations: Manhattan Project, Service, Scientific, Manhattan, Hollywood, Atomic Heritage Foundation, Trinity, Institute for, Study, AP, US Army, Clovis, National Security Research Locations: New Mexico, Wall, Silicon, Socorro , New Mexico, Princeton , New Jersey, Gen

☆ London festival explores the power of ecopoetry to deliver hope
▼ + stars: | 2023-07-20 | by ( Sarah Mills | ) www.reuters.com time to read: +2 min

[1/3] Poet Nina Mingya Powles performs for Reuters on stage at the National Poetry Library, ahead of 'Poetry International' in London, Britain, July 19, 2023. Its organisers said ecopoetry was an obvious focus given rising concern about climate change as record-breaking heatwaves have swept parts of the globe. Also taking part is 30-year-old New Zealand born poet Nina Mingya Powles who is concerned about water quality. "If someone feels in (a) poem, the boundaries collapse between ... what we think of as the human and the non-human ... that for me is hope," she said. Reporting by Sarah Mills; Editing by Barbara Lewis and Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Nina Mingya Powles, Sarah Mills, Ted Hughes, ecopoetry, CAConrad, Barbara Lewis, Alison Williams Organizations: Reuters, Poetry, REUTERS, Southbank, British, Thomson Locations: London, Britain, New Zealand, Wellington Harbour

☆ Analysis: French backlash scuppers appointment of US economist for EU Big Tech regulation
▼ + stars: | 2023-07-19 | by ( Foo Yun Chee | ) www.reuters.com time to read: +4 min

Vestager said she accepted Scott Morton's decision to quit with regret but economists warned that the debacle will leave the bloc's competition commissioner weakened. Vestager should have been more transparent on possible conflicts of interest, said EU lawmaker Paul Tang from the Netherlands. That didn't help the candidature of Scott Morton," he said. Vestager's defence of her choice at a hearing on Tuesday was disappointing, said EU lawmaker and French lawyer Stephanie Yon-Courtin, who opposed Scott Morton's appointment. The issue with this nomination was neither American nor French, it is a matter of European interest," she said.

Persons: Margrethe Vestager, Fiona Scott Morton, Scott Morton, Emmanuel Macron, Vestager, Scott Morton's, Paul Tang, Stephanie Yon, Alexandre De Streel, Jean Tirole, Jacques Cremer, Foo Yun Chee, Elaine Hardcastle Organizations: Union, Apple, Microsoft, Commission, EU, U.S . Department of Justice, Big Tech, European Union, Amazon, Namur University, Toulouse School of Economics, Thomson Locations: BRUSSELS, U.S, France, Yale, Netherlands, American

BRUSSELS, July 18 (Reuters) - French President Emmanuel Macron on Tuesday criticised EU antitrust chief Margrethe Vestager's decision to hire a U.S. economist over a European to help oversee Big Tech, adding her previous work could lead to conflicts of interest. Macron added he was "attached to reciprocity", and noted that the U.S. and China would not have appointed an overseas national in such a role. Scott Morton will advise the European Commission on its investigations into Big Tech and its enforcement of a series of landmark rules to rein in tech giants. Macron pointed to her previous work for "many companies" as something that could also result in conflicts of interest. She said previous chief economists at the Commission had also done consulting work without posing any issues.

Persons: Emmanuel Macron, Margrethe Vestager's, Vestager, Fiona Scott Morton, Barack Obama's, Macron, Scott Morton, Jean Tirole, Scott Morton's, Sudip Kar, Bernadette Baum, Sharon Singleton, Jan Harvey Organizations: Big Tech, U.S . Department of Justice, European Union, Commission, Thomson Locations: BRUSSELS, Europe, China

☆ The weaponization of the dollar will reverse globalization and kill the WTO, it was warned. That's a real threat today as dedollarization gathers force.
▼ + stars: | 2023-07-14 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

US economic sanctions have spawned something of a global backlash, in the form of the dedollarization movement. This was anticipated as early as 2019, by an expert who warned the weaponization of the dollar could have serious consequences for the global economic system. Back in 2023, dedollarization is a thingFast forward to 2023, and some of the recent rumblings across the global currency and monetary landscape are strikingly in line with Sen's prognostications. All that could come at a huge cost to the global economy – and drive a "complete reversal of global economic integration," he wrote. The dollar's share of global reserves could slowly decline, but no alternatives exist that could completely displace the US currency, Treasury Secretary Janet Yellen said last month.

Persons: Julius Sen, Donald Trump, Sen, prognostications, Emmanuel Macron, Elon Musk, –, optimists, Paul Krugman, Janet Yellen, Putin Organizations: London School of Economics, Service, UN, SWIFT, Allianz, WTO, FX Locations: Wall, Silicon, China, Brazil, Iran, Tehran, Russia, Ukraine, India, Europe

☆ Paul Krugman says a soft landing now looks 'amazingly within reach' after inflation report
▼ + stars: | 2023-07-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Consumer inflation data strongly indicates the US is on its way to a soft landing, Paul Krugman said. That means the economy could see normal levels of inflation without a spike in unemployment. "We haven't touched down on the runway yet, and a soft landing isn't guaranteed," Krugman said. The CPI report "strongly suggested" a soft landing is ahead and now looks more likely than not, he added. And digging deeper into the numbers, the cooling trend in inflation actually looks more upbeat.

Persons: Paul Krugman, Krugman Organizations: Service, New York Times, CPI Locations: Wall, Silicon

☆ ASEAN struggles for unity on Myanmar conflict
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +4 min

The cause of the delay was unclear but an ASEAN official said a communique was being finalised and would be released soon. ASEAN chair Indonesia on Wednesday urged the group's foreign ministers to remain united in tackling the escalating violence in Myanmar. Malaysia, a vocal critic of the junta, urged ASEAN to strongly condemn the junta's actions, including violence. RIFTS APPARENTRifts within ASEAN over Myanmar were highlighted when Thailand invited Myanmar military officials to a meeting last month aimed at "re-engaging" with the junta. Indonesia, as ASEAN chair this year, is working behind the scenes to bring all stakeholders in the Myanmar conflict together for informal talks, but diplomats say it is struggling to make headway.

Persons: Zambry Abdul Kadir, Antony Blinken, Wang Yi, Don Pramudwinai, Don, Myanmar's, Aung San, Aung San Suu Kyi, Malaysia's Zambry, Suu Kyi's, Kate Lamb, Stanley Widianto, Kanupriya Kapoor, Rob Birsel, Simon Cameron, Moore Organizations: Myanmar's, Association for Southeast Asian Nations, ASEAN, Junta, Indonesia, Wednesday, Myanmar, Thai Foreign, National Unity Government, Thomson Locations: JAKARTA, Jakarta, Myanmar, Malaysia, United States, China, Russia, Thailand, Cambodia, Laos, Vietnam, Indonesia, Singapore, Philippines, Aung San Suu, Naypyitaw

☆ I don't think there'll be a need for further rate hikes in the U.S., Nobel Laureate economist says
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't think there'll be a need for further rate hikes in the U.S., Nobel Laureate economist saysChristopher Pissarides, awarded the Nobel Memorial Prize in Economic Sciences in 2010, says Europe "might be a different story."

Persons: Christopher Pissarides Organizations: Economic Sciences Locations: U.S, Europe

☆ A top economist warns the US dollar will 'no longer be the dominant world currency' as trade in Chinese yuan rises
▼ + stars: | 2023-07-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

"We've got other things happening outside of the dollar world," Paul Greunwald said, per Reuters. The US dollar "will continue to be a leading world currency," Greunwald said, per Reuters. However, "it will no longer be the dominant world currency," he added. "We've got other things happening outside of the dollar world," said Greunwald, citing a growing volume of trade that's being done in the Chinese yuan as an example, per Reuters. Nobel laureate and economist Paul Krugman wrote in an op-ed for the New York Times on Friday that the greenback's dominance won't last forever — "because nothing does."

Persons: We've, Paul Greunwald, chimed, Paul Gruenwald, Greunwald, Nobel, Paul Krugman, Krugman Organizations: Russia, Service, P Global, Reuters, Bank of International, New York Times Locations: Wall, Silicon, London, Russia

☆ Anthropocene: Scientists say they’ve found a site that marks a new chapter in Earth’s history
▼ + stars: | 2023-07-11 | by ( Katie Hunt | ) edition.cnn.com time to read: +11 min

CNN —Scientists have identified the geological site that they say best reflects a proposed new epoch called the Anthropocene — a major step toward changing the official timeline of Earth’s history. “We’ve moved into this new Earth state and that should be defined by a new geological epoch,” Waters added. On Tuesday, the scientists announced the geological site — Crawford Lake in Ontario, Canada — that best captures the geological impact of the Anthropocene, according to their research. Annual sediment samples from the Crawford Lake site have revealed geochemical traces of nuclear bomb testing, researchers have confirmed. The alpha spectrometry output shown on the screen indicates the presence of plutonium in a Crawford Lake drill core sample.

Persons: ”, Colin Waters, “ We’ve, Waters, eon, James St, Andrew Knoll, “, ” Knoll, Crawford, AWG, Crawford Lake, Francine McCarthy, Andrew Cundy, Stan Finney, it’s, Paul Crutzen —, Finney, It’s, stratigraphers, ” Waters, they’re, Andrew Mathews, We’ve, ’ ” Organizations: CNN —, Environment School, University of Leicester, Geologists, Wales, Harvard University, University, Southampton, Brock University, UK’s University of Southampton, International, International Union of Geological Sciences, Geological Congress, California State University, University of Southampton “, University of California Locations: Crawford Lake, Ontario, Canada, Flinders, South Australia, Jura, Crawford, Southampton Crawford, Sudeten, Lake, California, Baltic, Japan, China, Australia, Gulf of Mexico, Busan, South Korea, Long, Santa Cruz

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