The Economics Hub Newsletter: Week 14
a compiled list of notable news in finance, privacy, crypto and charts of the week
Welcome to another issue of The Economics Hub Newsletter!
I hope you are having an enjoyable weekend!
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Regrettably, I did not have enough time this week to evaluate research reports, essays, and opinion pieces to present them to you in a simplified manner, as I usually do in my weekly newsletters. Instead, let’s do a quick headline roundup of the important news of the week across themes.
Here’s what we cover this week. As per your interest and convenience, please click on the specific topic to jump directly to that section!
Ready? Let’s dive in!
European nations became less reliant on Russian gas supplies in 2022
Financial Markets are Pricing In Higher Interest Rates in the US
Countries that are still under the Monarchy Regimes
Investors are Increasingly Bullish on Energy Stocks and Bonds
US stocks suffer their worst day in more than two years
Mortgage Rates and Housing Affordability in the United States
Countries are Betting Big on Quantum Computing
Public Opinion Towards the Monarchy Over Time
2022 Global Crypto Adoption Index - Top 10 Countries
The Top 10 Countries Hit Hardest by Food Inflation (in Nominal Terms)
The Top 10 Countries Hit Hardest by Food Inflation (in Real Terms)
Finance and Economics
Is a Global Recession Imminent? (World Bank Report)
Global Economics Intelligence executive summary, August 2022 (McKinsey)
India’s Retail inflation surges to 7% in August; IIP slows to 2.4% in July (The Economics Times)
Inflation Is Upending Politics in the Most Unequal Region on Earth (Yahoo News)
'Inflation, Supply Issues Top Risks for Emerging Asia' (The Economics Times)
Surging cost of living in the US drives class tensions to the breaking point (WSWS)
Why is India’s August unemployment rate the highest in the past 12 months? (The Indian Express)
Sterling falls to 37-year low against the dollar; European stocks close down 1.6% (CNBC)
How the ECB Plans to Avoid Fragmentation and Contain Inflation (Goldman Sachs)
Ripple effects of Europe’s Energy Crisis (Bloomberg)
The United States - August inflation update (Noah Smith)
Strong US inflation keeps the Fed on a hawkish track (ING Economics)
Rising inflation sparks fears of hard landing for US economy (FT)
Five Questions for Fed Chair Jerome Powell (American Institute for Economic Research)
A stubborn US inflation, a jumbo worry for Indian economy (The Economics Times)
How the rise of clean energy impacts Oil and Gas Assets in the United States (The Breakthrough Institute)
Cyber risk in central banking (Bank for International Settlements)
A Powerful Dollar Could Spell Troubles for Investors (Morgan Stanley)
Buy now, pay later: how it works (The Indian Express)
U.S. consumer watchdog plans to regulate 'buy-now, pay-later' companies (Reuters)
Is the US Dollar Too Strong? (Goldman Sachs)
How Investors Can Hedge Against Inflation (International Banker)
ETFs in vogue amid volatility as mutual funds suffer worst exodus since 2008 (ETF Stream)
Privacy - Major Headlines of the Week
20 Years After 9/11, Surveillance Has Become a Way of Life (Wired)
Facebook says it was a mistake to censor The Falling Man photos and articles to commemorate 9/11 (Reclaim the Net)
A summary of the Peiter “Mudge” Zatko, Twitter whistleblower, hearing (Reclaim the Net)
Twitter Whistleblower Says There Was at Least One Chinese Spy Working at the Company (Motherboard by Vice)
Privacy-Focused Technology Companies Call for a Floor Vote on Antitrust Legislation (Duckduckgo)
Big Tech CEOs Push Congress to Oppose Antitrust Legislation, Reports Say (CNET)
Facebook Engineers: We Have No Idea Where We Keep All Your Personal Data (The Intercept)
Border Agents Are Grabbing Data From Americans' Phones Without Warrants and Storing It for 15 Years (Gizmodo)
Google Faces $25B Claims in UK, Dutch Courts on Adtech Norms (The Economics Times)
South Korea fines Google, Meta over privacy violations (AP News)
Google pays 'enormous' sums to maintain search-engine dominance, DOJ says (Tech Xplore)
Enable These Instagram Privacy Settings Right Now (Life Hacker)
NZ police illegally collecting biometric data from Māori, new investigation suggests (Biometrics Update)
Uber hacked, internal systems breached and vulnerability reports stolen (Bleeping Computer)
Beloved browser extension acquired by non-beloved antivirus firm (ARS)
Crypto Corner
Ethereum Successfully Executes Highly-Anticipated Merge Event, Ushering in Proof-of-Stake Era (Decrypt)
Everything You Need To Know About the Ethereum Merge (Hacker Noon)
Ethereum Posts Biggest Losses on Merge Week (Decrypt)
Key takeaways from the 2022 Crypto Adoption Index (Chainalysis)
Emerging markets lead global adoption index: Chainalysis report (Cointelegraph)
China Back Among Top 10 Countries In Bitcoin Usage Despite Ban (Bitcoin Magzine)
Norwegian central bank uses Ethereum to build national digital currency (Cointelegraph)
Asset management giants take a leap of faith in crypto (ETF Stream)
Australia police form digital asset unit amid rising ‘crypto’ money laundering cases (Coin Geek)
Doctor Bitcoin, Jailed For Selling P2P, Warns Others They’ll Be Next (Bitcoin Magazine)
Miscellaneous
NASA’s James Webb takes its first direct image of an exoplanet (Free Think)
Royal Pageantry Can’t Disguise that Britain Is Broken (Tribune Magazine)
The United States Is Waging a New Cold War: A Socialist Perspective (Tricontinental)
India Far Less Committed to Liberal Values Than Imagined, Data Shows (Consortium News)
Cold shutdown reduces risk of disaster at Zaporizhzhia nuclear plant – but combat around spent fuel still poses a threat (The Conversation)
Ukraine Nuclear Power Plants (The Breakthrough Institute)
DOE Report Finds Hundreds of Retiring Coal Plant Sites Could Convert to Nuclear (Office of Nuclear Energy)
King Charles inherits crown with support for monarchy at record low – but future not set in stone (The Conversation)
Police crackdown on UK anti-monarchy protesters tears apart democratic pretensions of ruling elite (World Socialist Web Site)
New research suggests ‘turmoil’ in Russian society over Ukraine war (Open Democracy)
The number of people working remotely tripled during COVID (Axios)
Adobe snaps up Figma for $20B, taking out one of its biggest rivals in digital design (Tech Crunch)
Charts of the Week
1. European nations became less reliant on Russian gas supplies in 2022
2. Financial Markets are Pricing In Higher Interest Rates in the US
3. Countries Still under the Monarchy Regimes
4. Investors are Increasingly Bullish on Energy Stocks and Bonds
5. US stocks suffer their worst day in more than two years
6. Mortgage Rates and Housing Affordability in the United States
7. Countries are Betting Big on Quantum Computing
8. Public Opinion Towards the Monarchy Over Time
9. 2022 Global Crypto Adoption Index - Top 10 Countries
10. The Top 10 Countries Hit Hardest by Food Inflation (in Nominal Terms)
11.The Top 10 Countries Hit Hardest by Food Inflation (in Real Terms)
🎯 That’s all for this week folks, and thank you so much for making it this far! I hope you had lots of takeaways. Please subscribe if you haven’t yet and yes, subscriptions won't cost you a penny. It’s free! 👇
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Have a great week ahead,
Shreyas