Fusfoo News: October 9th

Doom and Gloom 

The most dire predictions yet about environmental collapse made their way into the headlines. Statistics were released this week in a report by the United Nations Intergovernmental Panel on Climate Change which warned that rapid, far-reaching and unprecedented changes in all aspects of society” must happen in order to save the Earth. Scientists warn that if corrections are not made now Earth can expect temperatures to rise by 3 degrees Celsius, there will be more frequent or extreme droughts, an increase in deadly hurricanes, and as much as 90 percent of coral reefs dying off. You would think that with the possibility of truly devastating consequences the powers that be would pay attention but it looks like we are all going to have to take some personal responsibility if we want to save the planet.  

Read more here.



Taylor Takes a Stand

Taylor Swift is best known for her songs about ex boyfriends and her love of her besties, but she broke tradition and declared her support of Democratic Senatorial candidate Phil Dresden, as well as endorsing a Democratic candidate for the House of Representatives. In a post, Swift explained why she can't support Marsha Blackburn, a Republican member of the House of Representatives.

"She voted against equal pay for women. She voted against the Reauthorization of the Violence Against Women Act, which attempts to protect women from domestic violence, stalking, and date rape. She believes businesses have a right to refuse service to gay couples. She also believes they should not have the right to marry," she wrote. "These are not MY Tennessee values."


Learn more here.




Bonds Tumble

It's not quite black Friday but investors suffered some massive setbacks when the global bond market fell by $916 billion last week, the most since the election of President Donald Trump in November 2016. 

Ben Carlson, an asset manager states, “Bond investors have rarely seen losses like this over the past 40+ years... Any further moves higher in rates could lead to the worst year since 1976 in terms of overall bond returns.”

Read more here.

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