WEEKLY OUTLOOK FOR AUGUST 3
Weekly Outlook for August 3: This week’s outlook reports on a hopeful turn for America’s economy; Divers in Buenos Aires finish a mission to raise $22 million in sunken gold and silver off the Argentine coast; Austrian Politicians are requesting for part of Italy to rejoin their country; Twenty-four homeless men in Poland are building a boat to sail around the world; and Time Magazine inquires about Japan’s love of Robots. Click Read More for the entire report.
The Weekly Outlook is an editorial briefing for wejetset’s online magazine. Each week we scan international news and aggregate the stories that will likely impact their respective region and possibly the world. From economic issues to politics, we strive to deliver news that will be useful to our readers as they navigate their local and global spaces.
Relief may be a ways off, but at least it’s in sight. As the Economist reports: “Figures released by America’s Commerce Department on Friday July 31st confirmed what most had expected: America’s economy suffered yet another quarter of falling output in the three months to the end of June. The world’s largest economy shrank at an annual rate of 1% in the second quarter. At least as of June 30th, America’s economy was still contracting, thus the country’s deepest post-war recession was not over. But the news has been greeted with something approaching relief.”
Like something out of a movie… “Divers have concluded a mission to retrieve 9.5 tons of unrefined gold and silver worth nearly $22 million from a shipwreck off southern Argentina. A border police officer on duty in the city of Rio Gallegos confirmed to The Associated Press that the effort to recover the Polar Mist’s valuable cargo ended Sunday.”
With classic political boldness there are some interesting debates taking place in Austria. As reported: “Austrian politics has gotten into a lather over a far-right populist’s call for a referendum on whether a mainly German-speaking region of northern Italy should rejoin Austria.”
“Two dozen homeless men are building a ship to sail themselves around the world at the St. Lazarus Social Pension here, in the yard of a former tractor factory. Sparks fly from the rusty 55-foot hull as they weld it into form, even after losing the priest who led and inspired the mission…”
“If Japanese engineers had their way, we might soon be cheering on a robotic World Series. Every year or two, Japanese researchers roll out a new robotic invention — the latest to grab headlines earlier this month was a mechanized baseball duo of a batter and pitcher that can throw 90% of its pitches in the strike zone. And while the majority of Japanese robotic inventions — from the dazzling to the horrifying —have largely been unable to break into the mass market, Japanese scientists aren’t likely to short-circuit their robotic ambitions anytime soon: Robotic technology plays a larger role in Japan than anywhere else in the world.”
Global Affairs: Weekly Outlook for July 27
Global Affairs: Weekly Outlook for July 20
Global Affairs: Weekly Outlook for July 13
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