Links 12/4/2023 | naked capitalism

Listen To The Voice Of Nature Madras Courier Chinks In The Armor Investor Amnesia Restructuring Bankruptcy Law The Regulatory Review Column: An exhaustive debunking of the dumbest myths about Social Security Michael Hiltzik, Los Angeles Times Climate The Doom Loop Phenomenal World. The deck: “Insurance markets and climate risk.” * * * Cop28 president says … Read more

Trivial concerns threaten big decisions on Europe’s future

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU’s top leaders meet this month for the last European Council of the year. How decisive they manage to be could make the difference between a summit that would rank among some of the … Read more

Iloilo Grain Complex says NGCP at fault for interconnection delay

THE Iloilo Grain Complex Corp. (IGCC) said that the National Grid Corp. of the Philippines (NGCP) should blame itself for the delay in the construction of its proposed 138-kiloVolt (kV) Panay-Guimaras Interconnection Project. IGCC spokesman Toby Tañada said that blaming the restraining order (TRO) issued by the Supreme Court for the snag in NGCP’s transmission … Read more

DoE welcomes Ph ranking in power sector investments list

THE Department of Energy (DoE) welcomes the BloombergNEF Climate 2023 report that designated the Philippines as among the top 5 most attractive emerging markets for investments in the power sector. The report released on Nov. 29, 2023, said the Philippines moved up six places from 2022 to number 4 in 2023, with India, China and … Read more

USDA sees opportunities in PH processed vegetable market

THE United States sees better opportunities on the market for processed vegetables in the Philippines, expecting it to become the second-largest supplier to Filipino households and businesses, the United States Department of Agriculture (USDA) said in a report. A report published by the USDA’s Foreign Agricultural Service (FAS) disclosed that the Philippines was reported to … Read more

PCAFI wants NFA powers restored

THE Philippine Chamber of Agriculture and Food Inc. (PCAFI) is urging the Department of Agriculture (DA) to restore the mandate of the National Food Authority (NFA) or to allow the agency to procure palay (unmilled rice) to help control the price of the commodity. PCAFI President Danilo Fausto said that the NFA should also be … Read more

Bitcoin soars past $40,000 on optimism for US trading approval

Chart showing Bitcoin price changes since 2020. (Photo by Nicholas SHEARMAN / AFP) Bitcoin on Monday rose past $40,000 for the first time since May last year, boosted by hopes that the United States will soon allow broader trading of the world’s biggest cryptocurrency. The digital asset has skyrocketed this year, gaining nearly 150 percent, … Read more

Spotify says will cut staff by ‘approximately 17%’

Music streaming giant Spotify said Monday it will reduce the number of its employees by around 17% in a bid to cut costs amid “dramatically” slower economic growth. Spotify in October posted a rare quarterly operating profit of 32 million euros, compared to a loss of 228 million for the same period a year earlier, … Read more

Dimon: Working Class Should Support Neocons

JPMorgan Chase CEO Jamie Dimon believes Americans should be upset about their economic status, and does not understand why there is not more outrage. The billionaire in charge of the nation’s largest bank believes that electing Donald Trump in 2024 would be the worst financial decision for the working class. Why? Well, Trump has made … Read more