

“Are We There Yet?”
Nov 17, 2023
Heidi Blake, a staff writer at The New Yorker known for her investigative work on environmental issues, joins to discuss the world of carbon offsets. She reveals how these programs can sometimes mislead regarding their true impact, especially in corporate practices. The irony is highlighted—while intended to fund sustainability projects, much of the funding enriches affluent intermediaries instead. This eye-opening conversation dives deep into the complexities and challenges of genuinely achieving environmental benefits.
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Market Reacts to CPI and Labor Data
- The market is cheering positive CPI and labor data, suggesting the end of rising interest rates.
- Decreasing job gains and a lower CPI indicate a positive shift in the economy.
Impact of CPI Data
- The recent CPI numbers had a significant impact on market sentiment, highlighting the importance of small percentage point changes.
- The effectiveness of the Fed's actions is becoming evident in material results.
Target's Earnings Results
- Target's earnings show a mixed picture with top-line difficulties but improved bottom-line performance due to efficiency.
- Target is focusing on value and lower-priced products due to the current consumer climate.