A selection of three essential articles read aloud from the latest issue of The Economist. This week: what the Omicron variant means for the world economy, what experiments with “free banking” in the 18th and 19th centuries reveal about the future of stablecoins (10:53) and how the legacy of Stalin’s gulag continues to shape Russian fortunes (18:16).
Category Archives: Analysis
Covid-19: The Best Ways To Avoid Virus Transmission
Analysis: Rise Of Sports Betting In The U.S. (CNBC)
Sports betting in the U.S. is booming. During the 2021 NFL season an estimated 45 million Americans are expected to wager at least $12 billion. Since a 2018 Supreme Court ruling, sports betting is now legal in more than 30 states.
A flood of new customers eager for risk and excitement has made DraftKings one of the nation’s biggest sportsbooks. In the third quarter of 2021 DraftKings revenue rose 60% from the year prior to $213 million. During that same period with mobile betting launching in several states the number of its monthly unique paying customers rose 31% to 1.3 million.
And the online sports betting and gaming industry in the U.S. is just starting to grow. As of 2021 only 4% of gross gaming revenue in the U.S. was generated online compared with 45% in a more mature market like the UK. The online sports betting market in the U.S. is expected to be worth nearly $40 billion by 2033. So what does the future look like for legal sports betting in America and what challenges lie ahead for sports betting providers like BetMGM, FanDuel and DraftKings?
Military Analysis: The U.S. & China Drone Competition
China is expanding its military arsenal with new drones, including stealth versions and those that can swarm and drop bombs. WSJ compares the tech and design of these drones with their U.S. counterparts to see how Beijing is equipping its military for possible future conflict. Photo composite: Sharon Shi
Covid-19: Why Omicron Concerns Scientists (WSJ)
The B.1.1.529 variant was first reported to WHO from South Africa on 24 November 2021. The epidemiological situation in South Africa has been characterized by three distinct peaks in reported cases, the latest of which was predominantly the Delta variant. In recent weeks, infections have increased steeply, coinciding with the detection of B.1.1.529 variant. The first known confirmed B.1.1.529 infection was from a specimen collected on 9 November 2021.
This variant has a large number of mutations, some of which are concerning. Preliminary evidence suggests an increased risk of reinfection with this variant, as compared to other VOCs. The number of cases of this variant appears to be increasing in almost all provinces in South Africa. Current SARS-CoV-2 PCR diagnostics continue to detect this variant. Several labs have indicated that for one widely used PCR test, one of the three target genes is not detected (called S gene dropout or S gene target failure) and this test can therefore be used as marker for this variant, pending sequencing confirmation. Using this approach, this variant has been detected at faster rates than previous surges in infection, suggesting that this variant may have a growth advantage.
News Analysis: Venture Capital, China Silences Peng Shuai, Museum Fires
A selection of three essential articles read aloud from the latest issue of The Economist. This week: the venture-capital industry is being turbocharged, what the fate of star tennis-player Peng Shuai reveals about one-party rule in China (10’52) and, when a museum is on fire, how do you decide what to save? (19’09).
Air Travel: Why Airport Security Is So Slow (CNBC)
There once was a time when getting through airport security was quick and easy. But after the attacks on 9/11, the TSA, or Transportation Security Administration, was created and security screenings became much more thorough. With millions of people passing through TSA checkpoints everyday, this can create excruciating long lines, especially during holiday travel. Despite enhancements in technology like millimeter wave imaging and CT scanners, the airport security process has been slow to evolve. But that may soon be changing.
Delta, JetBlue, and American Airlines are just a few of the U.S. airlines starting to test facial recognition for boarding and TSA checkpoints. The TSA is also working with companies on designing better screeners so passengers don’t have to remove anything from bags and can leave their shoes on. CNBC explores how far we’ve come in airport security and the ways the TSA and airlines are looking to speed up and make airport security even safer.
Analysis: Is Space-Based Solar Power The Future?
Space launch costs are dropping rapidly. Solar panels are cheaper than ever. Could space-based solar power soon be price-competitive with nuclear? Promoted as a zero-carbon solution, classified military space planes have also been conducting experiments into wireless power transmission. The FT’s Peggy Hollinger looks at whether space-based solar power can move beyond science fiction.
Urban Analysis: The Rise & Problems Of Megacities
By 2050, 6 billion people could be living in megacities. How should the challenges caused by rapid urbanization be handled in the world ahead? Film supported by @Mission Winnow
Video timeline: 00:00: What are megacities? 01:01: The problem with megacities 03:07: How is Ahmedabad tackling rapid urbanisation? 04:45: How can cities manage traffic? 07:04: The problem with waste 08:00: How is Recycle Central revolutionizing trash? 10:58: What are the most urgent issues to resolve?
Political Analysis: Era Of Big Government, Far-Right France, Business Phrases
A selection of three essential articles read aloud from the latest issue of The Economist. This week: a new era of big government, the revival of far-right ideas in France (10:34) and our Bartleby column on the business phrasebook (19:04).
Boomers Daily 