Yen-dollar testing historic limits, Boeing on the brink of junk, the crisis of accounting & the museum of plastic lost at sea.
Yen-dollar testing historic limits, Boeing on the brink of junk, the crisis of accounting & the museum of plastic lost at sea.
Great links, reading and images from Chartbook newsletter by Adam Tooze
Lynette Yiadom-Boakye, Citrine by the Ounce, 2014. Source: Modernamuseet
"Let me never fall into the vulgar mistake of dreaming that I am persecuted whenever I am contradicted."
Ralph Waldo Emerson h/t Paul Holdengraber
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With the Yen testing 160, the dollar-system is creaking at the seams
Did the BoJ intervene at 160 to the $ - the lowest since 1986 - or was that simply a rumor?
“The market is very jumpy and with not a lot of liquidity, the yen becomes a sharp toy to play with,” said Rodrigo Catril, a strategist at National Australia Bank. “The risk of intervention is an added factor.”
Source: Bloomberg
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Is this the end of lettuce? Why Canada’s food supply is headed for uncharted territory … stuff like this!
Approximately three quarters of all produce consumed in Canada is imported, and California supplies a major chunk of that. So Canadians feel it when California is hammered by drought, flooding and other weather extremes. Picture the Titanic, except filled with lettuce instead of passengers. Now picture five Titanics filled with lettuce, plus another half-filled ship. Picture this armada of ships, laden with romaine, spring mix, red leaf, green leaf and iceberg, all setting sail for Canada. This is how much lettuce our country imports every year: 265,000 metric tons in 2022 alone
Source: The Star
Boeing is on the brink of junk rating
NO irritating disappointments like this
Just great content like this:
We are living in an age of crisis for accounting
Lynette Yiadom-Boakye, Many Menaces 2022 From the beautifully entitled show at the Guggenheim Bilbao, No Twilight Too Mighty
Apparently there is a Russian saying that …
“… history has no subjunctive case. We are where we are. The players could perhaps have made different choices. But they were constrained by their own characters, and by the combination of hard facts, high emotions, conflicting interests and the unyielding pressures of domestic politics. In the end the contradictions were fundamental. There was never a real hope of an alternative outcome.
Do the Russians really say that? Seems rather odd in light of Putin’s behavior. In any case, it was a thought-provoking reviewing by Rodric Braithwaite of Mary Sarotte’s Not One Inch in the FT
Holy Grail Lego Octopus
A 13-year-old boy has discovered a “holy grail” Lego octopus which spilled into the sea from a shipping container in the 1990s. The octopus is one of nearly 5m Lego pieces that fell into the sea in 1997 when a storm hit a cargo ship 20 miles off Land’s End, Cornwall. While 352,000 pairs of (Lego) flippers, 97,500 scuba tanks, and 92,400 swords went overboard, the octopuses are considered the most prized finds as only 4,200 were onboard. Liutauras Cemolonskas has collected 789 pieces of the collection over the past two years, alongside numerous fossils. After passing on his childhood interest in archaeology to his son, the family routinely undertake beachcombing trips. He said his next goal was to find one of the 33,941 dragons that went missing after the incident, in which 62 containers toppled off the ship.
Tracey Williams, a beachcomber, is behind the Lego Lost at Sea project, which has spent years trying to find the plastic pieces. She told PA a second Lego octopus was found two days after Liutauras’s discovery, in Porthleven. “I think that’s because we had a very high spring tide coupled with strong onshore winds and when the two collide, the waves eat into the dunes that then release a lot of the plastic that has washed up,” Williams said. “I think there’s something quite magical about the octopuses. They’re often seen as the holy grail of finds from that shipping container.” “I found one octopus back in 1997 and I didn’t find another for 18 years,” she said.
Source: The Guardian
Just a giant unexploded bomb (made by Boeing) looming over a Gaza street
… the menace, the horror, the networks of power and influence that put that terrifying object there.
… and you get the poetry too.
Lynette Yiadom-Boakye Skylark 2010 Source: Moma
A coffee, half a sandwich, a couple of subway rides … if you have scrolled this far, you know want click