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Hard Numbers: Environmentalists targeted, World Bank outlook improves, mass shooting in Louisville, fiery cocktails in Northern Ireland, Winnie-the-Pooh gets punched
24: This year alone, at least two dozen environmental activists have already been murdered or disappeared in Mexico and Central America, according to an investigation by The Guardian. Many are from indigenous communities protesting against mining activities on their traditional lands.
2: Outgoing World Bank President David Malpass revised the international lender’s 2023 global growth outlook on Monday, bumping it from 1.7% to 2%. He credited China’s improved economic trajectory for the change. Malpass, who plans to step down in June, kicked off his final World Bank/IMF Spring Meetings with the news.
145: The mass shooting at a bank in Louisville, Kentucky, on Monday was at least the 145th incident of its kind in the United States since the start of this year, according to the Gun Violence Archive. Five people – including a close friend of the state governor – were killed and nine injured when a disgruntled bank employee opened fire.
4: On the eve of President Biden’s trip to Northern Ireland to celebrate the 25th anniversary of the Good Friday Agreement, at least four men were spotted hurling petrol bombs at police. The incident occurred during a parade organized by people who oppose the agreement, which ended decades of conflict between Irish nationalists and the British government. For more on the contentious history, read our primer here.
300: A wildly popular new patch worn by Taiwanese fighter pilots shows a native Formosan black bear punching Winnie-the-Pooh – a common satirical stand-in for Chinese president Xi Jinping – in the face. The patch has been around for a year, but orders blew up this weekend after China conducted its mock invasion of Taiwan. A little e-commerce research shows that you too can own one of these patches for a mere 300 NT$ (about US $9.60).
What to expect for second-quarter earnings season; H2 2020 outlook
Betty Liu, Executive Vice Chairman for NYSE Group, provides her perspective:
What are analysts expecting, going to the second quarter earnings season?
So, this earnings season has just started this past week, you saw banks kick off their reports. And as you can well imagine, analyst estimates are pretty much all over the place. And part of that is because a good number of companies did not provide guidance. Now, according to some estimates, some analysts estimates, we could see an earnings season decline or earnings decline as much as 44% this time around. That would be one of the biggest declines since 2008, the prior crisis.
What is the outlook for the second half of 2020?
Well, that's the million-dollar question. What is going to happen the rest of the year? So, nobody knows, right? But there's a few factors that we're going to be watching to see how companies perform. One is going to be watching the number of coronavirus cases across the country. And the second, of course, is watching the results of the November presidential elections.