Numlock News: September 8, 2022 • Steak, Freight, Mitigate
By Walt HickeyBlackoutCalifornia deftly avoided rolling blackouts this week amid an energy surge through a novel innovation in the green energy space that researchers are calling “text everyone in the state and ask them to cool it.” It worked phenomenally well. At 3:20 p.m. on Tuesday, power demand hit a new record of 50.6K megawatts, and at 5:50 p.m. the state sent a text message alert mentioning that heat is straining the energy grid, and that there might be outages unless people turn off nonessential power until 9 p.m., please. It worked pretty much instantly. Power demand dropped 1.2 gigawatts within five minutes, immediately mitigating the issues, and by around 8 p.m. the emergency level was cancelled without a blackout. Wow, it’s almost as if slight collective action can have a meaningful impact addressing the ramifications of climate change if a state is willing to intervene; who could have possibly seen this coming. Dan Murtaugh and Brian Eckhouse, Bloomberg DroughtRoughly 60 percent of the cattle in the United States are currently affected by drought, which is going to have long-term ramifications on food prices and agriculture in the United States. The immediate impact is that the price of beef is surprisingly low in the U.S., but that’s because some ranchers are deciding to slaughter livestock early amid the drought, which long-term is going to likely lead to higher prices for beef. More beef cows were slaughtered in July than in any month on record going back to 1986, and the issue is that likely means there are simply going to be fewer calves next year than otherwise. Unfortunately, there is absolutely no way to communicate these upcoming price increases to many Americans, as the agriculture community — with its arcane jargon such as “reaping” and “sowing” — lacks a way to express that eventually there are going to be long-term consequences for the actions you’re taking right now. TelevisionA new study of 200 popular television series that aired in 2018 and 2019 found that just 1 percent of the 8,885 speaking characters on television are Muslim, and of those only 12 of the characters are series regulars. Indeed, 87 percent of the series just didn’t contain a single speaking Muslim character. About half the time — 45.9 percent of the time — they were shown only in Muslim-dominated countries, which the report flags as an issue in that they’re overwhelmingly represented as “foreigners,” and 30.6 percent of the time they were perpetrators of violence. BanksThe big four banks in China — Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China — reported having ¥136.6 billion ($20 billion) in overdue property loans on their books at the end of June, up from ¥90 billion overdue last year. The four banks have 36 percent of the country’s deposits, and bad loans are beginning to pile up. The Agricultural Bank of China saw bad loans in the real estate sector up 152 percent compared to a year ago, and the China Construction Bank saw bad loans up 97 percent year over year. Cheng Leng and Edward White, Financial Times Super BowlFootball starts tonight, and already Fox is saying they’ve sold over 95 percent of the available ad units for the Super Bowl for around $7 million per 30 seconds. Most Super Bowl deals are inked in September and October, and the best record for the total sale of ad inventory was Halloween in 2010. Sometimes the networks have been known to keep a few ad slots in their back pocket waiting around for a particularly deep-pocketed buyer willing to shell out, often a studio eager to snag the last available unit for a movie. FreightThe price to ship a 40-foot container from China to the West Coast of the U.S. is coming back to reality, and is now down to $5,400 per container, down 60 percent from January. To get a box from Asia to Europe now runs $9,000, which is also down 42 percent from the beginning of the year. Last September rates peaked on both routes north of $20,000 per box. To be clear, prices are still very much abnormally high, as the spot price to ship a container from China to the West Coast was just $3,756 in September of 2020 and as low as $1,400 in February of 2020, but there is some seasonality at play here. That hasn’t stopped the shipping companies from making out like bandits: A.P. Moeller-Maersk posted earnings of $8.59 billion last quarter, which is what they normally would make in a year. Costas Paris, The Wall Street Journal TiredMotor vehicle tires are made out of a bunch of petrochemicals these days, and they basically spend their existence gradually shedding microplastics every time a car moves or brakes. This isn’t great, and adds up: One study estimated that per capita Americans are responsible for about 4.7 kilograms (10 pounds) of tire-related microplastic emissions per year. Electric vehicles aren’t going to help this, either; they’re heavy and so they actually will make this specific type of pollution a little worse, in fact. A gas car sheds 73 milligrams per kilometer from four new tires compared to an EV, which will shed 88 milligrams per kilometer. Until there’s a technical or materials component, the best way to mitigate these emissions is the same way you’d reduce normal tire wear: drive gently. If you enjoy Numlock, now’s the best time to start supporting Numlock with a paid subscription. It keeps the lights on, keeps the whole thing ad-free, plus you get to enjoy the delightful Sunday bonus edition. We keep the price just $5 a month normally, but if you buy this week you get it for $2.91 a month for year one. Thanks to the paid subscribers to Numlock News who make this possible. Subscribers guarantee this stays ad-free, and get a special Sunday edition. Consider becoming a full subscriber today. The best way to reach new readers is word of mouth. If you click THIS LINK in your inbox, it’ll create an easy-to-send pre-written email you can just fire off to some friends. Send links to me on Twitter at @WaltHickey or email me with numbers, tips, or feedback at walt@numlock.news. Send corrections or typos to the copy desk at copy@numlock.news. Check out the Numlock Book Club and Numlock award season supplement. 2022 Sunday subscriber editions: Giant Hornets · Graphic Novels · Infotainment · Nuclear Energy · Fast Fashion · Salty · Twitter Friction · Fangirls · Air Quality · Non-Colonial AI · The Reckoning · Hippos · Fixing Baseball · Booze Trials · Oprahdemics · Losing It · Sustainable Cities · F1 · Coughgeist · Black Panther ·Car Dealerships · Black-Footed Ferret · Oil to Clothing · Just Like Us · How To Read This Chart · Pharma waste · Arcade Games · Blood in the Garden ·2020 Sunday Edition Archive2019 Sunday Edition Archive2018 Sunday Edition ArchiveYou’re a free subscriber to Numlock News. For the full experience, become a paid subscriber. |
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Numlock News: September 7, 2022 • Eternal Orbs, Raccoons, Fliers
Wednesday, September 7, 2022
By Walt Hickey Orbs Reports are brewing of a massive widespread currency crisis in the game Diablo Immortal related to the in-game currency of Eternal Orbs, which can go for $1 for a pack of 60 orbs or
Numlock News: September 6, 2022 • Jaws, Lux, Floppy Disks
Tuesday, September 6, 2022
By Walt Hickey Welcome back! Numlock's annual sale is on! It's the best deal I do. Upgrade to a paid subscription, start getting the Sunday edition, support an indie and save some money today:
Numlock News: September 2, 2022 • Pheromones, Butter, Pantolambda
Friday, September 2, 2022
By Walt Hickey Have a great weekend! We're off on Monday in observation of Labor Day. Also, the huge annual Numlock Back-To-School sale kicks off soon! Pheromones Pests eat a fifth of the
Numlock News: September 1, 2022 • Albedo, Bubbles, Smuggle
Thursday, September 1, 2022
By Walt Hickey Instagram A massive scheme took in cash in exchange to get verified accounts for people on Instagram. The hustle was clever, and exploited the service's granting of verified accounts
Numlock News: August 31, 2022 • Theme Parks, Zombie Ice, Cyberspace
Wednesday, August 31, 2022
By Walt Hickey No Longer Defunct Lands The theme park business is humming right now, with the major American theme park companies posting revenue figures that put even pre-pandemic hauls to shame.
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