Connect with us

Published

on

Best-selling authorJim Rickardshas warned that the declining population in China will be disastrous and has termed it an "epic collapse."

China's population fell in 2022. That's just a start. They will lose 600 million people by 2070. Those left will be older, and more subject to Alzheimer's and dementia. This will be an epic collapse. One more nail in the coffin of the omnipotent China myth, Rickards tweeted.

Also Read:Investing In Exchange Traded Funds: A Beginner's Guide

The author of "The Death of Money" and "The Road to Ruin"mentioned a New York Timesarticlethat cited the Chinese government saying 9.56 million people were born in China last year while 10.41 million people died. This was the first time that deaths had outpaced births in China since the "Great Leap Forward"Mao Zedongsfailed economic experiment which caused widespread famine and death in the 1960s.

Statistics:According to theNational Bureau of Statistics of the country, births fell from 10.6 million in 2021, marking the sixth straight year of a fall. Chinas overall population currently stands at 1.41 billion and by 2035, 400 million people in China are expected to be over the age of 60, comprising about a third of its population.

Wang Feng,a professor of sociology at theUniversity of Californiatold the New York Times that in the long run, we are going to see a China the world has never seen.

It will no longer be the young, vibrant, growing population. We will start to appreciate China, in terms of its population, as an old and shrinking population, Feng said.

Other prominent names have also expressed their concerns. BillionaireElon Muskreiterated his potential global populationcollapse warning. Population collapse is an existential problem for humanity, not overpopulation! he tweeted.

Read Next:Jim Cramer Urges Investors Not To Dump Traditional, Reliable Stocks: 'It Is So Easy To Panic…'

Continue Reading

Sports

Yanks finally score, otherwise sputter in latest loss

Published

on

By

Yanks finally score, otherwise sputter in latest loss

NEW YORK — The good news for the Yankees on Wednesday was they scored a run after 30 consecutive scoreless innings. The bad news was they again didn’t score enough to win.

The Yankees fell to the Los Angeles Angels 3-2 to extend their season-high losing streak to six games. The Angels will look to complete a four-game sweep Thursday afternoon at Yankee Stadium. The Yankees, whose lead in the AL East has shrunk to 1½ games, will look to emerge from an offensive funk that has produced seven runs in seven games.

“That’s baseball,” Yankees right fielder Aaron Judge said. “We know what we signed up for. You’re going to play 162. You’re going to hit a little rut like this, but you can’t give up. You can’t mope about it. You just got to show up the next day and you got to be ready to play.”

Jazz Chisholm Jr. ended the Yankees’ scoreless innings streak in the second inning with a moonshot solo home run down the right-field line, giving New York its first run since the ninth inning Saturday against the Boston Red Sox. Two innings later, Cody Bellinger launched another solo shot to give the Yankees their first lead since last Thursday when they defeated the Kansas City Royals 1-0.

But the Yankees mustered only one other hit — a ground ball from Bellinger in the sixth inning that was ruled a single after it bounced off Trent Grisham as he ran to second base for the inning’s second out. Yankees manager Aaron Boone said he believed his team’s at-bats Wednesday were better than they were Tuesday — when he said he noticed his players pressing — and pointed to four walks as progress.

But the Yankees went 0-for-3 with runners in scoring position and are 5-for-48 (.104) with 12 strikeouts, four walks and three RBIs in such situations over their past seven games.

“We just got to break through now like we’re capable of offensively,” Boone said.

Judge, the two-time AL MVP who is a heavy favorite to win a third this season, has gone 1-for-19 with 11 strikeouts, two intentional walks and a home run over the past five games. He went 0-for-4 on Wednesday with two strikeouts, a 94.7 mph groundout and 107.9 mph flyout.

“Guys are pitching, they’re doing their job,” Judge said. “Sometimes we’re faltering on doing our job. But it’s tough to say. I think it just comes down to us not executing, us not doing our job. Maybe a little passive in certain situations. But all we can do is show up tomorrow ready to go.”

The Angels broke through to retake the lead in the eighth inning Wednesday without a hit when, after three walks, shortstop Anthony Volpe mishandled a ground ball on what should’ve been a routine, inning-ending double play. Volpe, a Gold Glove winner in 2023, was charged with his ninth error of the season, the second most among shortstops across the majors.

“Right off the bat, I got to be aggressive, go get the ball, make the play,” Volpe said. “As far as that, that’s all it is. It’s the first read off the bat.”

The lack of execution trickled to the offensive side in the bottom of the inning. The Yankees appeared ready to mount a rally when Jasson Dominguez walked and Oswald Peraza was hit by a pitch to begin the inning. But they were left stranded as Grisham, who was given the green light to swing away with one strike after failing to drop down a bunt, popped out, before Judge flied out and Bellinger popped out to extinguish the threat.

“When we’re not scoring a lot of runs, we got to execute on the highest level on the little things,” Boone said. “And we haven’t done that this week a handful of times when we had some opportunities.”

Continue Reading

Sports

Rays’ 8-run comeback largest in MLB this season

Published

on

By

Rays' 8-run comeback largest in MLB this season

TAMPA, Fla. — The Tampa Bay Rays overcame an eight-run deficit to beat the Baltimore Orioles 12-8 on Wednesday night in the largest comeback in the majors this season.

Tampa Bay matched the biggest comeback in franchise history. The Rays also rallied from eight down in a 10-8 victory over the Los Angeles Angels on Aug. 18, 2012, and in a 10-9 win over the Toronto Blue Jays on July 25, 2009.

It tied the Orioles’ largest blown lead over the past 50 seasons. Baltimore last gave away an eight-run lead on April 28, 2017, against the New York Yankees. The Orioles led that game 9-1 entering the bottom of the sixth inning before losing 14-11 in 10 innings.

Baltimore had an eight-run second inning on Wednesday. Colton Cowser smacked a three-run home run, Cedric Mullins added a solo shot, Gunnar Henderson had an RBI single and Ramón Laureano hit a three-run homer.

Tampa Bay’s Christopher Morel hit an RBI double in the third, and Jake Mangum‘s two-run single cut it to 8-3. Curtis Mead hit a two-out triple in the fourth and scored on a Junior Caminero single. Brandon Lowe‘s two-run homer in the fifth made it 8-8. And Jonathan Aranda had a two-run single in the Rays’ four-run seventh.

Lowe has at least a hit and a run in seven consecutive games, the longest active streak of its kind in the majors. He is batting .464 (13-of-28) with two home runs, five RBIs and eight runs during that span.

Caminero had four hits and two RBIs for the Rays.

Entering Wednesday, teams were 0-134 when trailing by eight or more runs at any point this season.

“It’s a tough game,” Orioles manager Tony Mansolino said. “It really hurts. But tomorrow, we’ll have to bounce back and try to figure out how to win a game.”

Three teams came back from eight runs behind last season in the majors. Pittsburgh was the most recent team to rally from more than that, erasing a nine-run deficit in a 13-12 victory over the Cincinnati Reds on Nov. 23, 2023.

ESPN Research and The Associated Press contributed to this report.

Continue Reading

Politics

Iran orders crypto exchange curfew after $100M Nobitex hack

Published

on

By

Iran orders crypto exchange curfew after 0M Nobitex hack

Iran orders crypto exchange curfew after 0M Nobitex hack

Chainalysis’s head of national security intelligence told Cointelegraph the curfew is likely an attempt to prevent people from transferring capital out of the country.

Continue Reading

Trending