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Will Climate Change Make Insurance Too Expensive?
Extreme weather events influenced by climate change are causing ever greater destruction, forcing insurers to increase their premiums where they can. What does this mean for the future?
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How Would a Switch to Nuclear Affect Electricity Prices for Households and Industry?
In a free market, it is very unlikely nuclear could be competitive. But if a future Australian government were to bring nuclear into the mix, energy costs for residential and especially industrial customers would very likely increase.
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New Study Reveals the Costs of Sanctions
What effect do economic sanctions have on the countries affected, such as Russia or Iran? Economic sanctions can be a double-edged sword. On the one hand, they usually reduce gross domestic product and thus prosperity in the affected countries, as intended. On the other hand, however, they can also have a severe impact on the economies of the sanctioning countries.
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Countering Coercion: Australia Must Engage with Allies on Critical Minerals Supply
China’s use of coercion to control critical mineral mining and processing projects, their output and even whole supply chains has motivated several countries to take increasingly strong measures to secure alternative supply chains. Meanwhile, China’s state-linked companies continue to use multiple channels to manipulate markets at scale.
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‘Time for a Reckoning.’ Kansas Farmers Brace for Water Cuts to Save Ogallala Aquifer.
in this region of Kansas where water is everything, they’ll have to overcome entrenched attitudes and practices that led to decades of overpumping. After decades of local inaction, Kansas lawmakers are pushing for big changes in irrigation.
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‘Doom Spiral’ a Risk for Public Transit in Post-Pandemic Era
A new study warns that cutting public transit service could lead to a “doom spiral” resulting in a collapse of the system. The researchers describe a vicious circle in which service cuts brought on by budget deficits drive transit users away; this drop in ridership triggers additional service cuts, which lead to further declines in usage.
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Before “Superstorm” Sandy, Investors Underestimated Risk, Impact of Hurricanes
Weather experts are warning that this year’s Atlantic hurricane season could be among the most active on record. Hurricanes and other extreme weather events cause millions of dollars in damage , but they also create spikes in uncertainty that can linger in financial markets for affected firms for months.
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Can Europe Secure Its Own Critical Raw Materials?
With the EU’s Critical Raw Materials’ Act coming into force, the 27-nation bloc is looking to diversify its supplies of minerals away from China. But can it source enough of it at competitive prices?
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Fool’s Gold: Overhyped Tech Startups Distract from Military Innovation
Technology startups almost never live up to all the hype they generate. Much of this innovation is fool’s gold. Often, these solutions are not developed beyond an initial concept. It’s a missed opportunity for the U.S. military. Startup companies often present the Pentagon with more cost-effective, swift, and adaptable solutions compared to the weapons systems typically provided by the handful of major contractors the Pentagon usually turns to.
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States Beg Insurers Not to Drop Climate-Threatened Homes
In the coming years, climate change could force Americans from their homes, not just by raising sea levels, worsening wildfires and causing floods — but also by putting insurance coverage out of reach.
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How Secure Is Gene Synthesizing Research?
Critics warn that the benefits of gene synthesizing research are undermined by security measures which are not sufficiently tight to prevent such research form being used by bad actors to do harm. One expert writes: “The problem is that governments don’t mandate security across the industry — and even though it’s a crime to ship DNA sufficient to generate the entire infectious 1918 influenza, there’s no law against shipping pieces of it.” The International Gene Synthesis Consortium disagrees.
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China’s Control and Coercion in Critical Minerals
Markets for critical minerals are no longer shaping up to be the next components of the global economy to be dominated by China. They already are. While Western nations were sleeping, China built vertically integrated supply chains for several critical minerals vital to the energy transition and high technology applications, including defense equipment.
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Removing Cuba from List of Countries ‘Not Fully Cooperating’ Over Terrorism May Presage Wider Rapprochement – If Politics Allows
The U.S. State Department removed Cuba from its list of countries “not fully cooperating” with anti-terrorism efforts in mid-May 2024, but you would be forgiven for not noticing. Despite the low-key nature of the announcement, taking Cuba off the list is a big deal. The move is a potential step toward a rapprochement between Washington and Havana.
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Why Did the U.S. Open Up Banking to Cuba's Private Sector?
As Cuba faces a social and economic crisis, the United States has enabled more financial support for private businesses in the country in a boost to Internet-based services and financial services.
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Video Games Might Matter for Terrorist Financing
Every day, billions of dollars flow across international borders among millions of people on a public online market, with functionally no government oversight or regulation. The market? Virtual currency and digital assets in video games. Moshe Klein writes that “as terrorists seek new methods of conducting financial activity, governments must remain one step ahead and consider how they can proactively investigate and close extant avenues for terrorist financing.”
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More headlines
The long view
Need for National Information Clearinghouse for Cybercrime Data, Categorization of Cybercrimes: Report
There is an acute need for the U.S. to address its lack of overall governance and coordination of cybercrime statistics. A new report recommends that relevant federal agencies create or designate a national information clearinghouse to draw information from multiple sources of cybercrime data and establish connections to assist in criminal investigations.
Trying to “Bring Back” Manufacturing Jobs Is a Fool’s Errand
Advocates of recent populist policies like to focus on the supposed demise of manufacturing that occurred after the 1970s, but that focus is misleading. The populists’ bleak economic narrative ignores the truth that the service sector has always been a major driver of America’s success, for decades, even more so than manufacturing. Trying to “bring back” manufacturing jobs, through harmful tariffs or other industrial policies, is destined to end badly for Americans. It makes about as much sense as trying to “bring back” all those farm jobs we had before the 1870s.
The Potential Impact of Seabed Mining on Critical Mineral Supply Chains and Global Geopolitics
The potential emergence of a seabed mining industry has important ramifications for the diversification of critical mineral supply chains, revenues for developing nations with substantial terrestrial mining sectors, and global geopolitics.
Are We Ready for a ‘DeepSeek for Bioweapons’?
Anthropic’s Claude 4 is a warning sign: AI that can help build bioweapons is coming, and could be widely available soon. Steven Adler writes that we need to be prepared for the consequences: “like a freely downloadable ‘DeepSeek for bioweapons,’ available across the internet, loadable to the computer of any amateur scientist who wishes to cause mass harm. With Anthropic’s Claude Opus 4 having finally triggered this level of safety risk, the clock is now ticking.”