Latest from Jordan Mangi

• Aug 21, 2023

  China cuts key interest rate as recovery falters

  

  From the BBC World Service: China’s economy hasn’t bounced back from the pandemic and now its central bank is stepping in, cutting one of its key interest rates for the second time in three months. Protests over economic hardship in Syria’s southern province of Sweida are continuing and there are calls for President Bashar al-Assad to step down. As the most successful Women’s World Cup finishes, the infrastructure and facilities for the women’s game lags behind the enthusiasm.

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• Aug 18, 2023

  Who wants to work in tourism?

  

  In Croatia, not enough Croatians. Migrants from Asia are picking up the slack. Plus, who has the most debt in the world?

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• Aug 18, 2023

  The business of college soccer

  

  Title IX and big spending on college sports are two reasons so many female soccer players came up through a U.S. university. That’s had an impact on this year’s World Cup. Plus, home buying loans and Chinese real estate.

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• Aug 18, 2023

  Evergrande files for bankruptcy protection

  

  From the BBC World Service: Chinese property giant Evergrande has filed for bankruptcy protection in the U.S. This allows the company, which is swimming in debt, to safeguard its assets in the U.S. The Women’s World Cup soccer tournament has been the most watched in history, giving a huge boost to hospitality spending. Tourism is Croatia’s largest industry and increasingly tourists are being served by workers who’ve travelled thousands of miles themselves, as businesses turn to Asia to solve staff shortages.

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• Aug 17, 2023

  A 10 year crystal ball

  

  Can 10-year T-notes predict the future? Plus, all-inclusive vacations and the minutes from last month’s Fed meeting.

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• Aug 17, 2023

  The cost of the Maui fire

  

  Accuweather predicts the economic cost could be as high as $16 billion. Plus, new home construction and the upcoming Jackson Hole Symposium.

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• Aug 17, 2023

  Tomatoes off the menu at Burger King

  

  From the BBC World Service: Burger King has scrapped tomatoes from wraps and burgers in Indian outlets after prices more than quadrupled. McDonalds and Subway in India have also taken tomatoes off the menu due to soaring costs. The Panama Canal has extended restrictions on vessels as it battles an on-going drought; maritime firms say this adds delays and extra fees, inflating shipping costs. All inclusive holidays are growing in popularity, with Marriott and Hyatt expanding their offerings.

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• Aug 16, 2023

  In Barcelona, a tourism paradox

  

  Residents hate them, but millions of tourists visit Barcelona every year — and make major economic contributions. Plus, retailer profit data and rate cuts.

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• Aug 16, 2023

  China’s deflation problem

  

  Steep price decreases in China are causing an economic spiral of layoffs and low consumer spending. Plus, auto workers could vote to strike soon and Novo Nordisk can’t keep up with Ozempic demand.

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• Aug 16, 2023

  Ralph Lauren under investigation in Canada

  

  From the BBC World Service: Canada’s corporate ethics watchdog is investigating the local unit of the fashion retailer, Ralph Lauren, over accusations it used forced labour from China’s Uyghur minority in its supply chain. A year ago, President Biden signed the Inflation Reduction Act into U.S. law; but America’s first serious attempt to tackle the climate crisis has ruffled European feathers. And we look at why Barcelona is a victim of its own success, with the sheer volume of tourists creating problems.

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