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Kyle C. Garrison

1546 Posts
From A.I. to inflation, 11 business charts that explain 2023

From A.I. to inflation, 11 business charts that explain 2023

It has been a confusing year for the economy and markets. At the start of 2023, economists largely predicted a global recession, and Wall Street was bearish on stocks, with many analysts expecting the S&P 500 to finish the year just a touch higher than where it started. Fast-forward 12 months: No recession (yet) and the S&P 500 is tantalizingly close to a record high.Here are 11 charts that help explain how we got here.Inflation and its ripple effectsCentral bankers around the world continued an aggressive campaign of interest rate increases in 2023, raising policy rates in an effort to…
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Ukrainian Missile Attack on a Russian City Kills at Least 14

Ukrainian Missile Attack on a Russian City Kills at Least 14

The Russian authorities said on Saturday that a Ukrainian attack on the city of Belgorod, near the border with Ukraine, had killed at least 14 people and injured more than 100 others, in what appeared to be the deadliest single attack on Russian soil since the beginning of the war.Russia’s Defense Ministry said in a statement that Ukraine had hit Belgorod with two missiles and several rockets filled with cluster munitions, adding that the strike was “indiscriminate” and would “not go unpunished.”The ministry said that most of the rockets had been shot down, but that parts of the debris had…
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Ohio Governor Blocks Bill Banning Transition Care for Minors

Ohio Governor Blocks Bill Banning Transition Care for Minors

BackgroundLawmakers passed the measure earlier in December. Those in favor of the bill argued that parents are pressured by doctors to sign off on transition care treatments for their children. The bill’s sponsor, Representative Gary Click, said parents are “being manipulated by the physicians.’’In addition to banning transition care for minors, the bill says medical professionals who provide the care could lose their licenses and be sued. It also prohibits transgender girls and women from playing on high school and college sports teams that correspond with their gender identity.On Friday, Mr. DeWine said that if the bill were to become…
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The football stadiums that never were

The football stadiums that never were

Peter Storrie can remember visiting the London studio of Herzog & de Meuron, the renowned Swiss architects, and being shown a striking vision of Portsmouth’s future.“It was something else,” he tells The Athletic. “They put it up on the screen for us and it certainly had the wow factor.”This was 2007 and the ambitious plans were for a new 36,000-capacity stadium on the city’s docks. Storrie, then chief executive, had accepted that Portsmouth would need to leave Fratton Park, the club’s home since 1899, and a proposed relocation could hardly have been more impressive.Located in between the Spinnaker Tower and…
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California Pushes Electric Trucks as the Future of Freight

California Pushes Electric Trucks as the Future of Freight

Neri Diaz thought he was ready for a crucial juncture in California’s ambitious plans, closely watched in other states and around the world, to phase out diesel-powered trucks.His company, Harbor Pride Logistics, acquired 14 electric trucks this year to work alongside 32 diesel vehicles, in anticipation of a rule that says diesel rigs can no longer be added to the list of vehicles approved to move goods in and out of California’s ports. But in August the manufacturer of Mr. Diaz’s electric vehicles, Nikola, took back the trucks as part of a recall, saying it would return them in the…
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U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up

U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up

The Biden administration is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has begun urgent discussions with allies about using the funds to aid Ukraine’s war effort at a moment when financial support is waning, according to senior American and European officials.Until recently, Treasury Secretary Janet L. Yellen had argued that without action by Congress, seizing the funds was “not something that is legally permissible in the United States.” There has also been concern among some top American officials that nations around the world would hesitate to keep…
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Shakira Honored With a Statue in Her Hometown in Colombia

Shakira Honored With a Statue in Her Hometown in Colombia

The Colombian coastal city of Barranquilla this week revealed a 21-foot-tall tribute to one of the country’s most famous cultural exports: Shakira.“A heart that composes, hips that don’t lie, an unmatched talent, a voice that moves the masses and bare feet that march for the good of children and humanity,” reads the plaque below the statue.“I am honored and moved by this incredible recognition in my Barranquilla, the city where I was born,” Shakira said in a statement. “Every barranquillero and barranquillera are my brothers and sisters and the inspiration of my life since my childhood.”The statue’s sculptor, Yino Márquez,…
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