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U.S. ranks 24th in newly released 2020 Environmental Performance Index

U.S. ranks 24th in newly released 2020 Environmental Performance Index

Science
June 4 (UPI) -- The United States isn't doing a very good job of protecting the environment, according to researchers at Yale and Columbia universities. The U.S. ranks 24th in the 2020 Environmental Performance Index, released Thursday. The relatively poor ranking, putting the United States behind most of Europe, reflects the nation's growing environmental and sustainability problems -- including the rolling back of EPA rules and relaxed enforcement for air and water protections by the Trump administration -- experts say. Advertisement Scientists at Yale and Columbia ranked 180 countries on 32 key indicators across 11 categories related to environmental health and ecosystem vitality. The latest index, produced every two years, was compiled using a data-driven and empirical approach, accor...
S&P 500 share index notches up record-breaking winning streak

S&P 500 share index notches up record-breaking winning streak

Business
The S&P 500 share index, which tracks the 500 biggest public companies in America, has hit a new milestone.The benchmark index on Wednesday marked 3,453 days since its prior low-point, set on 9 March 2009, when the world was reeling from the financial crisis.By many counts, that is the longest run without a fall of 20% or more in index history, a "bull" run in market-jargon.Overall the index has risen almost 325% in the period, lifted by companies such as Apple, Microsoft and Amazon.This year, it is up more than 6%, despite worries about rising inflation, interest rates and trade disputes. On Wednesday the index was largely unchanged, closing at 2,861.82, down less than 2 points. That is just shy of the record high of 2,872.8...
Our Big Mac index shows fundamentals now matter more in currency markets

Our Big Mac index shows fundamentals now matter more in currency markets

Finance
IT IS usually considered quaint to predict foreign-exchange movements by reference to whether currencies are dear or cheap. Metrics such as The Economist’s Big Mac index, a lighthearted guide to exchange rates, hint at how far currency values are out of whack. But they are often driven further out of kilter by capital flows, by fear and greed, by the interventions of policymakers, and so on.Since our last look at the index in July, cheap currencies have narrowed the valuation gap against the dollar—almost completely in case of the Canadian dollar (see chart). Fundamentals, such as fair value, seem (at last) to have greater sway in the foreign-exchange market.Upgrade your inboxReceive our Daily Dispatch and Editors' Picks newsletters.The index is based on the idea of purchasing-power parity...