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Well, guess what happens when China starts experiencing its own structural problems and then shuts down its economy due to COVID-19 – not once but twice – just as the West increases nominal demand through money in the hands of households? Today, it’s not just domestic money that matters. In a globalized world, what other countries do is also important. Global money facilitates nominal demand for supplies coming from many parts of the new world. Prices are affected for everyone. Looking in the wrong place If we add up the US, European and Japanese money supply in US dollars and compare it with US inflation (as an indicator of world inflationary pressure), an interesting picture emerges. Global money has been the leading indicator of plausible inflation since the financial crisis. Central banks which all failed to predict the outbreak of inflation certainly did not see the money supply. Recently a new inflection point has appeared in the downward direction. The monetary variable has

Scientists have discovered a great paradox in nature – clean air drives global warming, while pollution keeps our planet cool. An international team of researchers determined that current pollution levels are 30 percent lower than in 2000, but global warming from carbon dioxide emissions has increased by up to 50 percent. Polluting particles, such as sulfates or nitrates, are known for their reflective properties and are commonly found in exhaust. The team, in a desperate move, proposes to use aerosols again, but uses a controversial type of geoengineering to do so. This method, called solar engineering, requires the release of sulfate particles into the stratosphere which in turn will cause reflective haze to appear around the world, reports Science.org. The study, led by the University of Leipzig, provides good news for human health – these particles are linked to millions of deaths each year – but is bleak for the future of humanity. Scroll down for the video While pollution has

The big paradox: Reducing air pollution has INCREASED global warming because clean air does not contain aerosol particles that reflect sunlight and cool the Earth Pollution levels today are 30 percent lower than in 2000 However, this has led to increased warming from carbon emissions Scientists find there is less fog in the atmosphere to block out solar radiation They suggest using solar engineering to launch aerosol particles into the atmosphere in an effort to combat climate change By Stacy Liberatore For Dailymail.com Published: 4:56 p.m. EDT, 22 July 2022 | Updated: 5:51 p.m. EDT, 22 July 2022 Scientists have discovered a great paradox in nature – clean air increases global warming, while pollution keeps our planet cool. An international team of researchers determined current pollution levels are 30 percent lower than in 2000, but warming from carbon dioxide emissions has increased by up to 50 percent. Polluting pa

Using data collected more than two decades ago, scientists from the Johns Hopkins Applied Physics Laboratory (APL) in Laurel, Maryland, have compiled the first complete map of hydrogen abundance on the Moon’s surface. The map identifies two types of enhanced hydrogen-containing lunar material and corroborates previous ideas about lunar hydrogen and water, including the finding that water likely played a role in the formation and solidification of the Moon’s native ocean-magma. David Lawrence, Patrick Peplowski and Jack Wilson of APL, along with Rick Elphic of NASA’s Ames Research Center, used orbital neutron data from the Lunar Prospector mission to create their map. The probe, deployed by NASA in 1998, orbited the Moon for a year and a half and sent back the first direct evidence of an increase in hydrogen at the lunar poles, before hitting the lunar surface. When a star explodes, it releases cosmic rays, or high-energy protons and neutrons that travel through space at nearly the sp

Drivers could immediately see fuel costs dropping below $2 per liter, but diesel remains high despite falling prices for the crude oil used to produce both. Analysis from FuelTrac shows that there is a growing gap between wholesale prices in Singapore and what you pay in retail. Specifically for diesel that means retailers are getting more per liter. “The longer they hold their retail pump prices, as Singapore and wholesale prices fall, they increase their retail profit margins,” said Geoff Trotter, general manager of FuelTrac. The line shows the relationship between retail margin – the amount a retailer earns – for unleaded gasoline (blue) and diesel (yellow) sold in Australia, above the ‘terminal gate price’ or wholesale cost. ( provided ) Most of the fuel pumped in Australia comes from Singapore and the island’s terminal gate prices – wholesale fees – affect what you pay as a consumer when sold at service stations here. But the margin between Singapore prices and retail prices ha

Australia has some impressive solar PV credentials, including the use of world-leading technology by households and businesses and world-renowned and ongoing contributions to research and development. But can we make the stuff? It’s a question that comes up frequently, these days, when the newly elected Labor government talks about reviving Australian manufacturing, as fossil fuel costs send grid prices soaring, and when war at the height of the pandemic disrupts supply chains as does the shift to energy. renewable. need to shift some gears. In announcing the Alba government’s $45 million extension of funding for the Australian Center for Advanced Photovoltaics last month, federal energy minister Chris Bowen measured the solar challenge. “Solar panels all over the world, the technology that is in them, is not a little to be found here [at the University of New South Wales] and at other Australian universities. That’s something we can be proud of. But we have to take it now to t

Another record inflation reading against the backdrop of a tight labor market and rising food and goods prices will, despite the recent declines in oil and therefore gasoline prices, leave the Fed with no choice but to continue raising rates aggressively, even if it does. risk of pushing interest rates up. US economy into recession. In fact, the drop in oil prices – dropping below $100 a barrel on Tuesday for the first time since dropping briefly below that level in April – also reflects the view among traders in commodity markets that a recession and falling demand are imminent. . With inflation at an unprecedented rate and such a raw tool monetary policy, it is almost inevitable that [Fed] must induce a recession to try to control inflation. There are those, including the Fed, who believe that a two-year/10-year inversion, because of their imperfect record in predicting a recession, is less useful as a guide to the economy’s future than a three-month/10-year yield relationship, in

The crisis has been driven by a wave of blackouts at the coal-fired power station in the National Electricity Market; high international prices for coal and gas exacerbated by the war in Ukraine; and rising energy demand amid cold winter weather just when the contribution of solar power is at its weakest. Clean energy ‘the greatest peace plan of all’ US Energy Secretary Jennifer Granholm said the high cost of traditional fuels – including $US5 per gallon ($1.96 per liter) for gasoline in the US – underscores the need to move more quickly to renewable energy. No country has ever been held hostage for access to the sun or the wind, he told the forum – “therefore, our move to clean energy globally could be the greatest peace plan of all”. Attending the Sydney Energy Forum were (from left) Andrew Forrest of FMG, Masatsugu Asakawa of the Asian Development Bank, US Secretary of Energy Jennifer Granholm, and Dr Fatih Birol, executive director of the International Energy Agency. Oscar Colma

An international team of researchers led by UC Davis geneticist Suma Shankar has discovered a new gene involved in a neurodevelopmental condition called DPH5-associated diphtamide deficiency syndrome. This syndrome is caused by a variant of the DPH5 gene that can cause embryonic death or profound neurodevelopmental delay. Findings from their study were published in Genetics in Medicine. “We are very excited about the discovery of this new gene,” said lead author Suma Shankar, professor in the Department of Pediatrics and Ophthalmology and faculty at the UC Davis MIND Institute. Shankar is director of Precision Genomics, Albert Rowe Endowed Chair in Genetics, and head of the Division of Genomic Medicine. DPH5 is essential for protein biosynthesis. It belongs to the class of genes required for the synthesis of diphtamide, a type of modified amino acid histidine, essential for the synthesis of ribosomal proteins. “We provide strong clinical, biochemical and functional evidence for DPH5

6 July 2022 Reviewed by Alex Smith A new study of observed temperatures reveals that the Arctic appears to be warming four times faster than the rate of global warming. The trend has increased sharply twice in the last five decades. This is a finding that all but four of the 39 climate models missed. Image Credit: Shutterstock.com/ Tomas Rebro Thirty years is considered the minimum time to represent climate change . We reduced the time interval to 21 years. On a smaller time scale and, contrary to previous investigations which found that the Arctic amplification index increased smoothly, we observed two distinct steps, one in 1986 and the second in 1999. . Petr Chylek, Lead Author of the Study, Physicist and Climate Researcher, Los Alamos . National Laboratory The study was reported in the journal Geophysical Research Letter. Decade-by-decade episodic trends defined by Chylek and his collaborators tend to have an impact on global sea levels and weather, which precisely projectin

And the pandemic is the mother of all surprises, bringing about the biggest sustained change in demand since World War II. Prior to COVID-19, global oil demand was around 100 million bpd, but lockdowns (and fears) sent demand plummeting to 75 million bpd. Suppliers cannot collectively turn off the taps fast enough (slowing down flowing oil wells is no trivial task). On April 20, 2020, the price of oil fell to reduced $US37 per barrel, as storage facilities become overwhelmed and suppliers try to avoid dumping penalties. Investment in new oil and gas production had been weak before the pandemic, in part in response to global initiatives to steer economic development away from fossil fuels. The World Bank, for example, no longer finances fossil fuel exploration, including projects involving natural gas, a relatively clean energy source. Investment and environmental, social, and governance regulations reduce oil and gas projects’ access to finance, which is, of course, the point. It