Reuters blog archive

from Breakingviews:

Vladimir Putin is the new bad weather

By Richard Beales and Jeffrey Goldfarb

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Vladimir Putin is not just bad news but also bad weather. Unrest in Ukraine has become the bogeyman to replace snow when a company’s profit hopes need to be managed downward. Just ask Volkswagen or McDonald’s. The World Cup goes the other way, helping Twitter and maybe Walt Disney. The message could be muddled in four years when Russia and soccer converge.

Adidas uniquely plays both ways. The German sports group that owns Reebok caught investors by surprise with a profit warning last week. Tensions and currency volatility in and around Russia were among the company’s reasons. It also, however, patted itself on the back for its performance at the soccer extravaganza held in June and July.

For its part, VW said sales in Russia dropped 8 percent in the first half of 2014 from a year ago because of “political tensions.” McDonald’s, though more in the headlines over food supply trouble in China, cited currency volatility in Russia and Ukraine as one cause of margin pressure for the rest of the year. Tougher sanctions could affect more companies, including global oil titans like BP and Royal Dutch Shell.

from MacroScope:

Weather to make February jobs report a crap-shoot too

Blaming bad economic news on winter is getting as tiresome as tales of snarled traffic, flight cancellations and trips out with the snow shovel in freezing winds.

The February jobs report will be no exception to this U.S. season of climactic howling.

from MacroScope:

Firing up Brazil’s economy

A hot, dry spell in southeastern Brazil has pushed up energy prices, stretched government finances and raised the threat of water rationing in its largest city, Sao Paulo, just months before it hosts one of the world's largest sport events, the soccer World Cup.

It looks like the last thing Brazil needed as it scrambles to woo investors and avoid a credit downgrade.

from MacroScope:

Another false start for the U.S. economy?

Since the global financial crisis ripped the floor out from underneath developed world economies, the world's biggest one has had several false starts nailing the floorboards back in.

Stock markets have moved in almost one direction since their trough in March 2009 - up - but economic growth and job creation have bounced around.

from Photographers' Blog:

Welcome to Chiberia

Chicago, Illinois

By Jim Young

It was dubbed "Chiberia" here in Chicago: record low temperatures with a wind chill in the -40 Celsius range (-40 Fahrenheit).

I knew it was coming. I had been dodging the bullet for two winters in Chicago and eventually "real cold" had to arrive here sooner or later. I had survived 30+ years of Canadian winters and lived through a -50C (-58F) wind chill in Ottawa, but I have had two of the nicest winters in my life in the Windy City. In February 2012 it was 80F and I was walking around in flip flops, but certainly not this week.

from Data Dive:

Super typhoon Haiyan in charts, part 2

Reuters reports on the destruction in the Philippines after super typhoon Haiyan hit over the weekend:

Rescue workers struggled to reach ravaged towns and villages in the central Philippines on Monday as they tried to deliver aid to survivors of a powerful typhoon that killed an estimated 10,000 people and displaced more than 600,000.

from Data Dive:

Super typhoon Haiyan in charts

Reuters reports on super typhoon Haiyan, which has killed at least three people so far in the Phillipines:

The strongest typhoon in the world this year and possibly the most powerful ever to hit land smashed into the Philippines on Friday, forcing more than a million people to flee, flooding villages and raising fears of widespread casualties.

from Full Focus:

Superstorm Sandy: Before and after

It's been one year since Superstorm Sandy wreaked havoc on the east coast. A look at before and after pictures of some of the hardest hit areas.

from Photographers' Blog:

Summer in NYC

New York City, New York

By Gary Hershorn

I think it can be said, all of us can look back at ourselves and recall specific moments that shaped the direction our lives went in. For me I can remember two such moments that even now, years later, seem like they happened just yesterday.

The first was as a nine-year-old when I attended my first NHL hockey game in Toronto. I will never forget entering the temple of hockey called Maple Leaf Gardens, walking along corridors that were lined with large photographs of all the great players and then down a darkened hallway towards a bright light that opened up into the bowl of the arena and the view of the ice surface. I remember thinking this has to be the brightest place on earth as the TV lights shone on the white ice and my heroes, the players, as they warmed up for the game.

from Photographers' Blog:

Hiking in to a stranded town

Jamestown, Colorado

By Rick Wilking

My rule in covering natural disasters has always been: Find the worst damage first. That’s what the reporters will be writing about and it's what people want to see. It also may be the hardest to get to.

Such was the case in the Colorado floods of 2013 that started on September 11.

Word came in early that the Boulder County town of Jamestown was devastated and cut off from all road traffic. Three creeks converged right in the middle of downtown, sweeping away whole houses. A man killed in a house collapsed by the flood waters was the first reported death in the tragedy. But there was also (supposedly) no way to get to the town short of going in on a helicopter. National Guard CH-47 Chinooks were ferrying people out so the logical thing was to try and get on one of those. That ride was denied immediately so I decided I would take another route, coming in the “backdoor” as it were.