Living Beyond Borders Articles
Hard Numbers: US recession odds, Shanghai port congestion, rising public debt, Japanese fried chicken
US recession odds, Shanghai port congestion, rising public debt, Japanese fried chicken
Paige Fusco
35: Economists believe the US economy has a 35% chance of entering a recession next year. Wait, isn't America's GDP still going strong? Yes, but the Federal Reserve is prepping major interest rate hikes to curb rising inflation.
1/5: A fifth of the world's container ships were reportedly stuck this week outside the world's largest port in Shanghai, where lockdown restrictions are beginning to ease. China's zero-COVID policy is causing major supply chain disruptions that will likely slow Chinese GDP growth and have a ripple effect on the global economy.
40: Debt held by national governments now accounts for almost 40% of total money owed, the most in six decades. Although the rise in public borrowing has been led by Western economies and China, many developing countries are the ones deepest in the red because they took on a lot of debt to pay for pandemic stimulus in 2020.
36: The price of Japanese karaage (fried chicken) sold in popular konbini convenience stores has recently gone up 10%, the first price hike in ... 36 years. Why is this finger lickin’ good? For more than 20 years, Japan has been experiencing deflation, and the government needs prices to rise in order to prop up the weak yen..
The conventional wisdom was that a destabilizing war in the oil-producing heart of the Middle East would badly hurt China. Evidence suggests otherwise.
Did the AI boom counteract the economic fallout of Trump's tariffs? And how long can that last?
Last week, Microsoft shared a five‑point set of commitments to guide its Community‑First approach to building AI and cloud infrastructure in Canada. As the company moves from investment to implementation, these commitments reflect what communities across the country say matters most: affordable and reliable energy systems, sustainable water use, good jobs, strong public services, and access to the skills needed to succeed in an AI‑driven economy. The Community‑First framework establishes a model for responsible infrastructure development—one that prioritizes affordability and sustainability while supporting long‑term economic opportunity. As demand for AI infrastructure accelerates, these commitments underscore a core principle: meaningful technological progress depends on growing in true partnership with the communities where this infrastructure is built. Read the full blog here.
One day after US President Donald Trump announced that he had started a blockade of ships coming in and out of Iranian ports via the Strait of Hormuz, Tehran is already testing those US commitments.