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Don’t hold your breath for Venezuelan oil industry

The longest a human has held their breath is 24 minutes and 3.45 seconds, according to Guinness World Records. Even if every minute were three months, Venezuela’s oil industry won’t be back on its feet by the time you have to come up for air, no matter how the current political chaos plays out. I’m not going to try to ...

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Climate change probably hurting German growth

Greg Fuzesi, an economist at JPMorgan, estimated that the low level of the Rhine and other important German rivers shaved off 0.7 percentage points of economic growth in 2018. The phenomenon, caused by a year of extraordinarily warm and dry weather, was almost certainly related to human-driven climate change. The damage to the economy makes it even more urgent for ...

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China is cooling across Asia region

Remember when proximity to China was an unalloyed positive? That worked great when China was in an upswing or chugging along; it’s not so great now that China is cooling. Across Asia, the slowdown is forcing export-dependent economies to lean more on domestic motors and contemplate juicing growth through either monetary or fiscal easing. China’s gross domestic product numbers showed ...

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