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The U.S. Bank Tower in downtown Los Angeles is set to be sold for 34% less than the $650-million valuation it had in 2019. (Richard Vogel / Associated Press) California office spaces are expected to keep getting emptier and their rent prices will likely keep declining for years as the fallout of the pandemic persists,...
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LOS ANGELES (CBSLA) — Four months into the coronavirus pandemic, and the race to find disinfectant wipes continues. “I figured the rush would be over and people would relax a little bit, but I think they’re still hoarding,” Sean Sphisak, a shopper, said. “There’s none,” Angel Gonzalez, another shopper, said. “I’ve gone to all these grocery stores....
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We human beings are a peculiar species. Through words, sounds, and images, we can transcend many lifetimes to transpose our emotions onto the consciousness of others who come after us. On November 13, 2015, as I stood before the Door of No Return, a historic site on Gorée Island, situated about two miles off the coast of...
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One California city is grappling with COVID-19 outbreaks at nine of its industrial facilities, including one food processing plant that reported having at least 153 positive cases, according to health officials. “We have seen disruption across the entire food supply chain, and of course, the meat supply chain is a subset of that,” said Nick Vyas, the executive director...
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The world will never be the same again. Black swan events such as the Covid-19 crisis leave the world scathed and wrung inside out, compelling people to identify and fix the frailties of social, political, and economic systems. The fixing can be either benign or drastic, depending on the shared values of a society. The...
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In Part 1 of the blog, we took a holistic look at the triggers, objectives and the intended (and unintended) consequences of the ongoing US-China trade war. We found that the trade war, at its core, is really about the domination of the global supply chain landscape. We saw how China’s economic rise since the...
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A key objective of the US-China trade war is to contain China’s economic rise and it appears this goal has been realized. During the April-June quarter, China’s GDP grew at 6.2 percent, and in July of 2019, China posted the slowest quarterly GDP growth in over three decades. However, it is worth questioning whether the...
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