Our crisis of loneliness, the new bet investors are going after | How the Global Economy Became Weaponized | Executives Can Learn From Ouster Of House Speaker Kevin McCarthy | US budget fight could create opening for China in the Pacific

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Our crisis of loneliness, the new bet investors are going after - Business Insider

Tech has exacerbated the loneliness epidemic, especially for young people who know no reality without it. It remains to be seen which investments will work.

After the prominent Israeli businessperson Benjamin Gaon was diagnosed with kidney cancer, his son Boaz Gaon and his family spent years by their father's side. Gaon, known as Benny, had been diagnosed with additional forms of cancer, and died in 2008 from a type of leukemia.

His father had access to top doctors, but the younger Gaon felt a deep lack of social support from people who had been in his shoes. That experience served as the inspiration for the startup Wisdo Health, which helps people join groups, connect with others they can relate to, and find resources like therapists.

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Opinion | How the Global Economy Became Weaponized - The New York Times -

The greatest collateral damage from last year’s Russian invasion of Ukraine has been to various Western European members of NATO, which suddenly find their national interests subordinated to those of their strongest ally.

The United States has long wanted Europeans to kick over two of the pillars on which their economies rest: imports of cheap energy from Russia and exports of advanced manufactures to China, Russia’s ally. With the Russian invasion last year, these demands became more importunate. Europe has largely complied with them. The European Union voted for an embargo of Russian oil in the early days of the war. Germany, where dependence on China is arguably strongest, published its first comprehensive strategy for “de-risking” its China trade this past summer.

The cost has been high. In Germany’s case, the International Monetary Fund and the Organization for Economic Cooperation and Development predict that it will perform worse this year than any other advanced economy. Certainly there are many reasons for Germany’s slowdown: Interest rates are high, supply chains have been disrupted by disease and war, and the country’s car industry faces new competition from electric vehicles. But it does not help that, as the sociologist Wolfgang Streeck wrote recently in American Affairs magazine, Germany is being asked to participate in “an economic war that is to some extent also a war against Germany itself.”

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Executives Can Learn From Ouster Of House Speaker Kevin McCarthy - Forbes

UNITED STATES - OCTOBER 3: Speaker of the House Kevin McCarthy, R-Calif., talks with reporters after ... [+] a meeting of the House Republican Conference in the U.S. Capitol on Tuesday, October 3, 2023. Rep. Matt Gaetz, R-Fla., filed a motion to vacate against McCarthy on Monday. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

The unprecedented ouster Tuesday of House Speaker Kevin McCarthy—and the turmoil it created— provides several crisis-related lessons for business leaders.

“The turmoil in the House of Representatives should remind leaders of what can happen when people behaving unethically are allowed to continue in their roles without sanction,” Ann Gregg Skeet, director of leadership ethics at Santa Clara University’s Markkula Center for Applied Ethics, said via email.

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US budget fight could create opening for China in the Pacific - Reuters

U.S. President Joe Biden speaks as he poses with Federated States of Micronesia's President David Panuelo, Fiji's Prime Minister Frank Bainimarama, Solomon Islands Prime Minister Manasseh Sogavare and Papua New Guinea's Prime Minister James Marape and other leaders from the U.S.- Pacific Island Country Summit, at the White House... Acquire Licensing Rights Read more

WASHINGTON, Oct 5 (Reuters) - A 45-day stopgap measure passed by the U.S. Congress to avert a government shutdown has left potential funding shortfalls for strategic Pacific island states, which analysts and former officials say makes the U.S. allies economically vulnerable and possibly more receptive to Chinese approaches.

The Biden administration had hoped to see Congress endorse by Sept. 30 new 20-year funding programs for Micronesia, the Marshall Islands and Palau, which after decades of relative neglect now find themselves at the center of a U.S. battle for influence with China in the Northern Pacific.

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