Comcast’s broadband network is crucial to the future of technology. Even so, its stock is cheap compared with buzzier names like Netflix, Nvidia, and Meta Platforms.
The Economist Magazine (August 12, 2023 issue): Why Biden’s China strategy is not working; Saudi Arabia upends sport; The attack on universal values; Twitternomics lives on; How green is your EV and more…
Supply chains are becoming more tangled and opaque
On august 9th President Joe Biden unveiled his latest weapon in America’s economic war with China. New rules will police investments made abroad by the private sector, and those into the most sensitive technologies in China will be banned. The use of such curbs by the world’s strongest champion of capitalism is the latest sign of the profound shift in America’s economic policy as it contends with the rise of an increasingly assertive and threatening rival.
The countries’ economic ties are more profound than they appear
image: alberto miranda
When it comes to tracing the geography of global supply chains, few companies provide a better map than Foxconn, the world’s largest contract manufacturer. This year the Taiwanese giant has built or expanded factories in India, Mexico, Thailand and Vietnam. The Chinese production sites once loved by Western companies are firmly out of fashion. Souring relations between the governments in Washington and Beijing have made businesses increasingly fretful about geopolitical risks. As a consequence, in the first half of the year, America traded more with Mexico and Canada than it did with China for the first time in almost two decades. The map of global trade is being redrawn.
Companies like Joby and Archer are about to begin production of electric vertical takeoff and landing aircraft. For investors, the upside could be in the billions.
With restaurants hurting for staff, teenagers are making up a greater share of their workforce. But some say the industry isn’t doing enough to protect its youngest employees.
The Economist Magazine- July 22, 2023 issue: Making babymaking better – A special report on the future of fertility; How Cities can respond to Extreme Heat; The World Economy is still in danger, and more…
After louise brown was born in Manchester in July 1978, her parents’ neighbours were surprised to see that the world’s first “test-tube baby” was “normal”: two eyes, ten fingers, ten toes. In the 45 years since, in vitro fertilisation has become the main treatment for infertility around the world. At least 12m people have been conceived in glassware. An ivf baby takes its first gulp of air roughly every 45 seconds. ivf babies are just as healthy and unremarkable as any others. Yet to their parents, most of whom struggle with infertility for months or years, they are nothing short of miraculous.
Officials from Beijing to Phoenix are grappling with unbearable temperatures
The best thing that has happened in Phoenix, Arizona, since the beginning of July is that the electricity grid has kept functioning.
This has meant that during a record-breaking run of daily maximum temperatures above 43°C (110°F), still in progress as The Economist went to press, the houses, indoor workplaces and publicly accessible “cooling stations” in the city have been air-conditioned. There have been deaths from heat stroke and there will be more; there has been a lot of suffering; and there will have been real economic losses. But if Arizona’s grid had gone out, according to an academic quoted in “The Heat Will Kill You First”, a new book, America would have seen “the Hurricane Katrina of extreme heat”.
A mortgage firm was tasked with lending to minority and low-income home buyers. So why have many of its loans gone to celebrities and the ultrawealthy? A Barron’s investigation.
The world’s biggest retailer stumbled in the early innings of the e-commerce revolution. Now that Walmart has found its footing, it’s poised for big profits.
FAST channels have brought back old-school TV channel guides—and plenty of advertising. But the shows are free and incredibly varied. Media execs are taking note.