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Driven by climate change, fire reshapes US West

September 3, 2018 Bilal 0

Driven by climate change, fire reshapes US West https://ift.tt/2NdxZpg In this Aug. 2, 2018, file photo, a tower of smoke pours from Cow Mountain as Burney, Calif., firefighter Bob May keeps a watch on surrounding vegetation for spot fires during the River wildfire near Lakeport, Calif. Wildfires that have long shaped the landscape of the U.S. West are getting bigger and burning longer – bringing more choking smoke, deadly mudslides and habitat loss. (Kent Porter/The Press Democrat via AP, File) Wildfires in the U.S. have charred more than 10,000 square miles so far this year, an area larger than the […]

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The Investment Boom…or Not | Econbrowser

September 3, 2018 Bilal 0

The Investment Boom…or Not | Econbrowser https://ift.tt/2N7u1yF Fixed nonresidential investment is rising at a rapid clip. However, there are some nuances to the headline story. Figure 1: Nonresidential fixed investment, in billions of Ch.2012$ (blue), and in billions of dollars (red), both SAAR, both on log-scale. Source: BEA, 2018Q2 2nd release. Some sizable portion of recent investment is associated with the mining/drilling/fracking phenomenon. Figure 2: Contributions to overall nonresidential fixed investment growth of structures investment in mining (red), and all else (blue). Source: BEA, 2018Q2 2nd release, and author’s calculations. For the moment, investment looks like it should be sustained. […]

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Expect ‘deep structural change’ in China-US ties, senior adviser says

September 3, 2018 Bilal 0

Expect ‘deep structural change’ in China-US ties, senior adviser says https://ift.tt/2N1u7rn A senior Chinese government adviser says he expects “deep structural change” in the relationship between the world’s two largest economies after the trade war, with the US treating China as a key rival. Long Guoqiang, vice-president of the State Council’s Development Research Centre, also called for “strategic confidence” and “strategic patience” in China in the face of mounting pressure from tariffs and other punitive trade measures imposed by Washington. The senior adviser made the remarks in a commentary on Wednesday in People’s Daily, mouthpiece of the ruling Communist Party. […]