The Economist ‘Editor’s Picks’ (January 23, 2023) – A selection of three essential articles read aloud from the latest issue of The Economist. This week, Disney’s second century, Turkey’s looming dictatorship (10:25) and how young people spend their money (17:35).
World Economic Forum – January 13, 2023 top stories:
0:15 Solar powered car drives 1000kms – The Sunswift 7 weighs just 500kg. While an average car weighs between 1,500 and 2,000kg and boasts incredibly low rolling resistance due to its shape. A team at UNSW Sydney designed and built the car. Which completed 240 laps of a special test circuit. Equal to driving from Sydney to Melbourne, plus 100km.
1:32 3D printed bionic arms – Cure Bionics 3D-printed prosthetics are lightweight and muscle-controlled. They can be attached without surgical intervention and are charged wirelessly by solar power. The arms can be printed and ready within a week at the cost of just $3,000. Other providers can take months and charge up to $100,000. Cure Bionics’ arms are available for children with limb differences aged 8 and up. The low weight makes them easy for kids to operate. An immersive VR training programme helps patients learn to use their arms even before it’s made. Cure Bionics was founded in Tunisia, where the start-up has already launched a prototype. In spring 2023, it’s releasing a public version.
3:17 Geneva introduces driverless buses – 15 self-driving minibuses will be deployed in 2025. Providing an on-demand, door-to-door service, 24 hours a day. This pilot project will run for 1 year alongside similar schemes in Germany and Norway.
4:55 Implants restore vision to blind people – The implants were given to 20 people by scientists at Sweden’s Linköping University and LinkoCare Life Sciences. 14 were blind and 6 were on the verge of losing their sight. After 2 years, none of them were blind.
Wall Street Journal – Apple is facing an uphill battle as it plans to shift its production out of China. Here’s why it’s difficult to replicate Foxconn’s ‘iPhone City’ in Zhengzhou and the company’s finely-tuned ecosystem in countries like India and Vietnam.
The Economist – January 7, 2023 Issue:
The question of Europe has caused a decade of turmoil. Here’s how to use the next ten years better
Power struggles, public humiliation and a government shutdown may follow
Yields are up on a range of attractive investments—and many beat inflation. 12 ways to cash in.
The mutual fund and brokerage giant is building out crypto services even as the market collapses. What’s behind its Bitcoin plans.
Robots are moving up in the world. Labor shortages and rising wage costs are breathing life into a new generation that can handle a growing number of tasks.
The Fed will keep fighting inflation, and the unemployment rate will rise. But there are positive trends on the horizon.
Technology investments are out of favor, and the market has been especially tough on companies in the more speculative areas like robotics.
As the famed value investor heads for retirement, he isn’t giving up on crypto. Why he likes Amazon.com, Delta Air Lines, and small-caps, too.
Insider Business (December 17, 2022) – Moroccan rugs are valued around the world for their complex patterns and thick wool. A large rug can take months to weave, but the women who complete each step by hand usually receive the least profit. Selling directly to consumers is challenging, so artisans often rely on middlemen who sell the rugs for several times more in big cities. Online, Moroccan rugs can sell for several thousand dollars.
World Economic Forum (December 9, 2022) – This week’s top stories of the week include:
- 0:15 The world’s most expensive cities – This list of the most expensive cities is based Worldwide Cost of Living 2022 report that compares 200 products and services in more than 170 cities. Prices in big cities have risen by an average of 8.1% in the past year. Their fastest rise for 20 years. Driven by the knock-on effects of the pandemic and Russia’s invasion of Ukraine, some of these most expensive cities have high wages and taxes, while another has an average rent of about 92% of the median worker’s pre-tax salary. Watch to know which cities are the most expensive to live in.
- 1:36 The era of the megalopolis has begun – Today 60% of people live in urban areas, and by 2100 it’s forecast to be 85%. We are entering the era of the megalopolis. Cities around the world are merging as they grow and spread, forming supercities connected by urban sprawl. The largest megalopolis is in China – it’s known as the Greater Bay Area. But what are megapolis?
- 2:53 Scientists develop a universal flu vaccine – Scientists have developed a universal flu vaccine. It’s effective against all 20 known strains of flu and could help us fight off dangerous new strains before they develop into a pandemic. The new vaccine could be in use within 2 years.
- 3:53 This device will heat our homes sustainably – Heat pumps run on electricity rather than fossil fuels and are 3 times more efficient than gas boilers. They capture thermal energy from the air outside and use that energy to warm your home.
Wall Street Journal – China’s first homegrown narrow-body jet is looking to compete with Western giants like Boeing. WSJ unpacks the design and technology of Comac’s C919 and the 737 MAX 8 to see how China’s deep reliance on foreign parts could stymie Beijing’s ambition to succeed.
Affordability is still an issue, mortgage rates will remain high, and homes are sitting on the market longer. It all adds up to a stalled 2023 for real estate.