Tag: wave

  • US heat wave soars as California wildfire rages | The Guardian Nigeria News

    US heat wave soars as California wildfire rages | The Guardian Nigeria News

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    Tens of millions of Americans already baking in a scorching heat wave braced Saturday for record-setting temperatures to climb, while a major fire ravaged part of California.

    The country’s central and northeast regions face the brunt of the extreme temperatures, which are not expected to peak until Sunday at the earliest and have sent public health officials scrambling.

    The sweltering heat has also increased the risk of blazes, such as the major Oak Fire, which broke out Friday in California near Yosemite National Park, where giant sequoias have already been threatened by the fire in recent days.

    The Oak Fire — described as “explosive” by officials — went from 60 acres to more than 6,555 (2,650 hectares) in less than 24 hours. Concentrated in Mariposa County, it has already destroyed ten properties and damaged five others, with thousands more threatened.

    As of midday Saturday, it was zero percent contained, according to California’s Department of Forestry and Fire Protection.

    The department said the fire’s activity was “extreme” and that emergency personnel were working to evacuate residents and protect structures.

    More than 400 firefighters assisted by water-dropping helicopters are fighting the blaze, the department said, but the Los Angeles Times cited officials who said it could take a week to contain.

    “Explosive fire behavior is challenging firefighters,” the department added on its website.

    Climate scientist Daniel Swain tweeted that the fire was “exhibiting consistently extreme behavior,” while stunned social media users posted images of billowing plumes of smoke — with the LA Times reporting that the cloud reached up to 30,000 feet into the air.

    In recent years, California and other parts of the western United States have been ravaged by huge, hot and fast-moving wildfires, driven by years of drought and a warming climate.

    Record-breaking heat
    Evidence of global warming could be seen elsewhere also, as more than a dozen US states were under a heat advisory.

    Central US metropolitan areas such as Dallas and Oklahoma City were expected to reach highs of over 100 degrees Fahrenheit (above 38 degrees Celsius) for at least the next five days.

    A heat emergency is in effect for cities up and down the northeast coast, from Boston to Philadelphia to Washington.

    Not even the usually cool Pacific Northwest will escape the far-reaching heat, with the region expected to face several days in the 90s next week.

    The high temperatures have already caused an uptick in emergency calls for heat-related illnesses.

    Cities have, meanwhile, been forced to open cooling stations and increase outreach to at-risk communities such as the homeless and those without access to air conditioning.

    “This is really one of the things that we recognize in Oklahoma — heat is the number one weather-related killer across the United States. It far surpasses any other” nature-related cause of death, Joseph Kralicek, director of the Tulsa Area Emergency Management Agency, told CNN.

    Residents of the central US city were expecting temperatures to reach 103 degrees Fahrenheit Saturday and up to 106 degrees on Sunday and Monday.

    The nation’s capital Washington was predicted to reach temperatures at or near 100 degrees Fahrenheit on Saturday, with New York not far behind.

    “Look for daytime max temps to eclipse the century mark in the Central Plains and record-breaking high temps from the Central Plains to the Northeast today,” the National Weather Service said in a forecast.

    “Sunday grows even hotter in the northeast,” it added.

    Severe thunderstorms are expected in the Midwest Saturday, with the potential for damaging winds, large hail and tornadoes, the NWS said.

    Various regions of the globe have been hit by extreme heat waves in recent months, such as Western Europe in July and India in March to April, incidents that scientists say are an unmistakable sign of climate change.



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  • Africa: Is the World Retracting From Globalisation, Setting It Up for a Fifth Wave?

    Africa: Is the World Retracting From Globalisation, Setting It Up for a Fifth Wave?

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    Over the past 25 years there has been lots of research and debate about the concept, the history and state of globalisation, its various dimensions and benefits.

    The World Economic Forum has set out the case that the world has experienced four waves of globalisation. In a 2019 publication it summarised them as follows.

    The first wave is seen as the period since the late 19th century, boosted by the industrial revolution associated with the improvements in transportation and communication, and ended in 1914. The second wave commenced after WW2 in 1945 and ended in 1989. The third commenced with the fall of the Berlin Wall in 1989 and the disbanding of the former Soviet Union in 1991, and ended with the global financial crises in 2008.

    The fourth wave kicked off in 2010 with the recovery of the impact of the global financial crises, the rising of the digital economy, artificial intelligence and, among others, the increasing role of China as a global powerhouse.

    More recent debates on the topic focus on whether the world is now experiencing a retraction from the fourth wave and whether it is ready for the take-off of the fifth wave.

    The similarities between the retraction period of the first wave and the current global dynamics a century later are startling. But do these similarities mean that a retraction from globalisation is evident? Is there sufficient evidence of de-globalisation or rather “slowbalisation”?

    Parallels

    The drawn-out retreat from globalisation during the 30-year period – 1914 to 1945 – was characterised by the geopolitical and economic impact of WWI and WWII. Other factors were the 1918-1920 Spanish Flu pandemic ; the Stock Market Crash of 1929 followed by the Great Depression of the 1930s; and the rise of the Communist Bloc under Stalin in the 1940s.

    This period was further typified by protectionist sentiments, increases in tariffs and other trade barriers and a general retraction in international trade.

    Looking at the current global context, the parallels are remarkable. The world is still fighting the COVID pandemic that had devastating effects on the world economy, global supply chains and people’s lives and well-being.

    For its part, the Russia-Ukraine war has caused major global uncertainties and food shortages. It has also led to increases in gas and fuel prices, further disruptions in global value chains and political polarisation.

    The increase in the price of various consumer goods and in energy have put pressure on the general price level. World inflation is aggressively on the rise for the first time in 40 years. Monetary authorities worldwide are trying to fight inflation.

    Global governance institutions like the World Trade Organisation and the UN, which functioned well in the post-WWII period, now have less influence while the Russian-Ukraine war has split the world politically into three groups. They are the Russian invasion supporters, the neutral countries and those opposing, a group dominated by the US, EU and the UK. This split is contributing to complex geopolitical challenges, which are slowly leading to changes in trade partnerships and regionalism.

    Europe is already looking for new suppliers for oil and gas and early indications of the potential expansion of the Chinese influence in Asia are evident.

    A less connected world

    De-globalisation is seen as

    a movement towards a less connected world, characterised by powerful nation states, local solutions and border controls rather than global institutions, treaties, and free movement.

    There’s now talk of slowbalisation. The term was first used by trendwatcher and futurologist Adjiedji Bakas in 2015 to describe the phenomenon as the

    continued integration of the global economy via trade, financial and other flows, albeit at a significant slower pace.

    The data on economic globalisation paint an interesting picture. They show that, even before the COVID pandemic hit the world in 2020, a deceleration in the intensity of globalisation is evident. The data which represent broad measures of globalisation, includes:

    • World exports of goods and services. As a percentage of world GDP, these reached an all-time high of 31% in 2008 at the end of the third globalisation wave. Exports fell as a percentage of global GDP and only recovered to that level during the early stages of the fourth wave in 2011. Exports then slowly started to regress to 28% of global GDP in 2019 and further to a low of 26% during the first Covid-19 year in 2020.
    • The volume of foreign direct investment inflows. These reached a peak of US$2 trillion in 2016 before trending lower, reaching US$1.48 trillion in 2019. Although the 2020 foreign direct investment inflows of US$963 billion are a staggering 20% below the 2009 financial crises level, they recovered to US$1.58 billion in 2021.
    • Foreign direct investment as percentage of GDP started to increase from a mere 1% in 1989 to a peak of 5,3% in 2007. After a retraction following the global financial crises, it peaked again in 2015 and 2016 at around 3,5%. It then declined to 1,7% in 2019 and 1,4% in 2020.
    • Multinational enterprises have been the major vehicle for economic globalisation over time. The number of them indicates the willingness of companies to invest outside their home countries. In 2008 the UN Conference on Trade and Development reported approximately 82 000. The number declined to 60 000 in 2017.
    • Data on world private capital flows (including foreign direct investment, portfolio equity flows, remittances and private sector borrowing) are not readily available. However, Organisation for Economic Co-operation and Development data show that private capital flows for reporting countries reached an all-time high of US$414 billion in 2014, followed by a declining trend to US$229 billion in 2019 and a negative outflow of US$8 billion in 2020.

    These declining trends are further substantiated by the evidence of deeper fragmentation in economic relations caused by Brexit and the problematic US/China relations, in particular during the Trump era.

    What next?

    The question now is whether the latest data is:

    • indicative of either a retraction from globalisation similar to that experienced after the first wave a century ago;
    • or it is merely a process of de-globalisation;
    • or slowbalisation in anticipation of the world economy’s recovery from the impact of Covid-19 pandemic and the war in Ukraine?