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Tag: Intl Digital Video

  • A ‘Big Short’ investor sees financial disaster brewing in housing markets — again

    A ‘Big Short’ investor sees financial disaster brewing in housing markets — again

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    Housing markets are undergoing a fundamental shift because of higher mortgage rates and as global central banks keep up the inflation fight by hiking interest rates. Against this backdrop, some — including a ‘Big Short’ investor — fear the real estate sector is overlooking a systemic issue: flood risk.

    A ‘Big Short’ investor fears an often-overlooked climate risk could see history repeating itself in the housing market.

    Dave Burt, CEO of investment research firm DeltaTerra Capital, was one of the few skeptics who recognized the real estate sector was teetering on the brink of collapse in 2007.

    He helped two of the protagonists of Michael Lewis’ bestselling book “The Big Short” bet against the mortgage market in the lead-up to the 2008 economic collapse. As it turned out, they were right and made millions.

    Now, Burt believes the mortgage market is underestimating another systemic issue: flood risk. If realized, he warns the fallout could resemble the massive correction seen during the global financial crisis.

    “Ultimately, until people have good information about what these climate-related costs are going to look like, we’re creating new problems every day. I think that’s really the crux of the matter,” Burt told CNBC.

    So, why does the U.S. housing market seem to be underestimating the cost of flooding? What does this mean for homeowners and homebuyers in the U.K. and around the world? And what can be done to mitigate this risk?

    Watch the video above to find out.

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  • How a horse breeder launched the world’s largest vaccine manufacturer

    How a horse breeder launched the world’s largest vaccine manufacturer

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    In a world where many are plagued by high medication costs, one company has risen to become the go-to source for affordable immunization. Serum Institute of India is currently the world’s largest vaccine manufacturer, by volume. They produce a large variety of economical life-saving vaccines, that are currently estimated to be used by over 65% of children worldwide. CNBC’s Tanvir Gill speaks to its CEO, Adar Poonawalla, to learn more about the company’s road to success.

    From its humble beginnings as a horse breeding farm in India to becoming the world’s largest vaccine manufacturer, Serum Institute of India has undergone rapid growth throughout the decades to reach its exceptional status.  

    Yet success has not always come easy.  

    The company faced various challenges from getting permits and licenses to not being able to meet the global demand. But today, it is estimated that more than half the children in the world have been administered with their vaccine. 

    After Adar Poonawalla became the CEO in 2011, he noticed the company did not have enough capacity to meet the growing global demand, leading him to invest more in capacity. Adar’s forward-thinking during the Covid-19 pandemic has also led the company to fame, competing with major players to produce low-cost covid vaccines. 

    As the world learns to live with Covid, Serum Institute also has plans to expand its vaccination portfolio and into the Western markets. 

    Watch the full video to learn more about the company’s legacy and its future plans. 

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  • Cities are largely to blame for climate change. Could they also be part of the solution?

    Cities are largely to blame for climate change. Could they also be part of the solution?

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    Our cities are at the forefront of climate change, consuming around 75% of the world’s energy and producing more than 70% of greenhouse gas emissions. But they also hold the tools to be part of the solution, creating meaningful impact while being small and nimble enough to avoid the bureaucracy of national politics. In fact, some cities have already started work.

    Some of the most extreme weather events on record took place in 2022, as climate change-induced wildfires and droughts ravaged parts of Europe, the U.S. and Africa, even as Asia battled disastrous floods and monsoon rains.

    Experts say this is just the beginning.

    “What we calculated and what we knew as, say, one-in-10-year events is now becoming one-in-five-years,” Ana Mijic, professor at Imperial College London, told CNBC.

    The world’s cities are at the forefront of those shifts.

    Cities play an outsized role in climate change, consuming around 75% of the world’s energy and producing more than 70% of greenhouse gas emissions.

    But could they also be part of the solution, being small and nimble enough to avoid the bureaucracy of national politics?

    Watch the video above to find out how cities are responding to — and reducing — the rising risks of climate change.

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