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Dose Of News Useful Today
Thursday, October 15th

‘Twas The Day Before Friday

Good morning. It’s once again DONUT Friday (most of our editorial staff works Sunday-Thursday), and we’re covering the last day of the Amy Coney Barrett Senate hearings, the NY Post’s disputed “smoking gun” report on Biden, and a French state of emergency.


🚨Today’s mini-series article covers one of our more easily manipulated emotions: Fear (especially around election time). Get the scoop. ⬇️⬇️⬇️

Daily Sprinkle

“If you don’t drive your business, you will be driven out of business.”

-B.C. Forbes

😮😨😱 How Emotion Lies at the Center of Everything We Do: The One About Fear

World Energy Outlook 2020

The International Energy Agency (IEA) released its annual report on the long-term future of the energy industry earlier this week.


A deeper dive
While the report usually focuses on the next several decades, the World Energy Outlook 2020 breaks that mold and concentrates on COVID-19’s impact on the energy sector over the next ten years.

  • This year, capital spending on energy is on track to decrease by ~18% as global energy demand is expected to fall by ~5% -- a reduction not seen since World War II, according to the report.

 

description of image

Source: IEA

 

The projected record investment cuts are highly uneven, per the IEA, with demand for oil (-8.5%) and coal (-6.7%) projected to take the largest hits in 2020. Renewable energy, on the other hand, is projected to see a 0.9% bump in contribution on the year.


A Look To The Future
The report considers two main possibilities regarding the future of demand within the energy industry:

 

description of image

Source: IEA

 

  1. The Stated Policies Scenario (STEPS) reflects all of today’s announced policy intentions and targets. In this scenario, COVID-19 is gradually brought under control in 2021 and global energy demand returns to pre-crisis levels the next year. In STEPS, renewable energy meets 80% of the growth in global electricity demand through 2030.
  2. The Delayed Recovery Scenario (DRS) is designed with the same policy assumptions as STEPS. It assumes a prolonged pandemic causes lasting damage to economic prospects, and the global energy demand returns to pre-crisis levels in 2025.

So… what are people saying?

Smart technologies: where will the energy come from?

Gulf News (Opinion)

Covid-19 Is Big Oil's Asteroid Strike

Bloomberg (Opinion)

Opec's rosy outlook missing the mark

Upstream Online (Opinion)

Why the Climate Transition Means Renewables Are Here to Stay

Advisor Perspectives (Opinion)

Questions about the rating system we use?
Learn more

Share Today's Dose of Discussion

Barrett Senate Hearings Conclude

Yesterday marked the last day of Senate Judiciary Committee hearings for Supreme Court nominee Amy Coney Barrett (full video). After the hearings, Democrats are expected to delay a committee vote until Oct. 22, with a wider Senate confirmation vote likely following within the next week. As the situation currently stands, Senate Republicans are projected to have 51 “Yes” votes.

LEFT CENTER → Star Tribune

RIGHT CENTER → New York Post

France Declares State Of Emergency

French President Emmanuel Macron declared a state of emergency beginning on Friday at midnight in response to a resurgence of COVID-19. The declaration includes the imposition of a nightly curfew - punishable by a ~$160 fine - for at least one month on the areas hit hardest by the virus, including the region surrounding Paris.


More: Europe recently surpassed the U.S. in the number of new daily infections for the first time since early April.

LEFT CENTER → Axios

RIGHT CENTER → Forbes

U.S. Hostages Released From Yemen

Iran-backed Houthi rebels in Yemen released two U.S. hostages yesterday as part of a larger prisoner exchange. The Houthis reportedly agreed to release the two hostages, along with the remains of a third, in exchange for Saudi Arabia and its allies guaranteeing safe passage of more than 200 Houthi loyalists from the neighboring country of Oman back to Yemen. Most of the Houthi loyalists were stranded in Oman after traveling there to receive medical treatment as part of an UN-brokered gesture of goodwill.

LEFT CENTER → BBC

RIGHT CENTER → WSJ (Free)

 

Money In The Bank

Several major banks reported third-quarter earnings over the past two days. JPMorgan Chase and Goldman Sachs saw their quarterly profits increase year over year to $9.4B and $3.6B respectively, while Citigroup and Wells Fargo both experienced a drop-off but remained profitable, making $3.2B and $1.7B respectively.

Post Hoc Analysis

Facebook and Twitter separately made decisions to limit the distribution of a NY Post exclusive story published Wednesday. The article contains “smoking gun” emails regarding Democratic presidential candidate Joe Biden and his son, Hunter, in connection with Ukraine, though some have questioned its accuracy. Facebook said it was limiting the story’s spread while third-party fact checkers investigated its authenticity, while Twitter - which blocked the URL from being shared on its site - cited its policy on hacked materials.

 

LEFT CENTER → CNBC                                      RIGHT CENTER → Reason

Brewing Up Change

Starbucks released a letter to employees yesterday laying out its diversity goals for the future. The company states that it wants to have at least 30% of its corporate workforce at all levels be composed of people who identify as Black, Indigenous, or a person of color by 2025. The coffee giant intends to accomplish this through increased community outreach and the establishment of mentorship programs.


🏈 You Kidding Me? Playoffs?!?! Amazon reached a deal with the NFL to stream one of two new “wildcard” playoff games this season on Amazon Prime Video, per the WSJ. (If the title has you yearning for the infamous press conference, here it is)

 

Not Enough Cooks In The Kitchen

The customers at a crowded Thai restaurant in North Island, New Zealand, began to grow impatient one night earlier this month as they experienced a seemingly endless wait for their food. Back in the kitchen, a lone chef was scrambling to fill meal orders, feeling frazzled due to an unusual problem – a family emergency had left the establishment severely understaffed, with no wait staff present to deliver orders to the patrons.


When the customers finally found out about the cook’s paralyzing predicament, they immediately jumped into action. The woman first in line to pay for her meal began waiting tables, and another stepped in to run the register. According to Emily Puhi, a patron who posted about the heartwarming scene on Facebook, the restaurant's whole atmosphere quickly changed from hostile to hospitable.

Helping Others Is Their Bread & Butter

Before the pandemic, an international magazine company known as the Big Issue was already active in preventing poverty in Tokyo, hiring people experiencing homelessness as the sole vendors of its publication in the city. However, with economic hardship proliferating among both individuals and businesses during the COVID-19 crisis, the company innovated another way to help Japan’s homeless and tackle another issue – food waste.


On October 1st, the Big Issue opened a pop-up nighttime bakery in Tokyo selling bread leftover from the city’s popular bakeries, hiring only dispossessed locals to run the operation. The bakery, which will be open intermittently as it finds a permanent location, had a line of people waiting outside 30 minutes before opening and sold out its stock in just one hour.

Sea You Later!

Nicholas Lewis, a 41-year-old crab and lobster fisherman at Peel Bay on the Isle of Man, first met Shauna the seal in 2010, when the animal poked her head out of the water to look for fish. Just a pup at the time, the outgoing seal caught Nicholas’s attention. After he gave her some mackerel from the day’s catches, Shauna seemingly decided that she and the fisherman would be friends for life.


Over the past ten years, Shauna has visited Nicholas every day as he works, following one of his three boats around to say hello and enjoy a few tasty fish (video). Since the seal has gone blind over the past two years, Nicholas has devoted extra time and care to his special companion, whom he says he “loves very much” and treats as his child.

 
  • 💎 Up In The Air… California-based startup Aether designed a process to create conflict-free diamonds out of thin air. (Well, CO2 sucked from the air, to be specific. But out of thin air sounds wayyy cooler - dig deeper.)

  • 🌐 Internet Explorer… an internet enthusiast recently published 2.1M of the oldest posts on the internet (from 1981-1991) in a browsable archive. Surf to your heart’s content.

  • 🔌 Missed Connections… Comcast’s president of technology briefly disappeared mid-interview this week due to a faulty internet connection -- just moments after boasting how superior cable Wi-Fi connections were to cellular data.

 

That Gill Is Poison

What is the world’s most venomous fish?

 

A) Scorpion fish
B) Lionfish
C) Toadfish
D) Stonefish

(keep scrolling for the answer)

 

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Dose of Knowledge Answer

D) Stonefish


The most venomous fish in the world is the reef stonefish, usually found throughout shallow coastal waters in Northern Australia.

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