13 inflation-proof stocks to buy for 2024 | K-Pop Looks Beyond Korea for Its Next Generation of Idols | Prices for used electric vehicles are cratering | Sweden is suffering a grim wave of gang violence

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� � � � � � You Might Like � � � � � � � � � 13 inflation-proof stocks to buy for 2024 - Fortune    Sometimes there’s a clear economic narrative that can help steer investors through the stock-picking process. In 2021 the guiding story was the stimulus-infused post-COVID rebound. In 2022 it was an inflationary hangover that brought back memories of the 1980s. As for 2023, well, let’s just say it has stumped the storytellers. A year ago there was near consensus that the Federal Reserve’s inflation-fighting interest rate hikes would spark a recession in the U.S., but it didn’t turn out that way—or at least it hasn’t yet. After that head fake, Wall Street’s top minds are unusually divided about what’s coming for the economy, and by extension the stock market. The uncertain impact of higher-for-longer interest rates, the AI boom, and rising geopolitical tensions has led to some wildly divergent outlooks among forecasters—from Deutsche Bank’s prediction of a major recession to Goldman Sachs’ view that an economic reacceleration lies ahead, driven by a still-strong job market.  Continued here � � � � � � You Might Like � � � � � � � � � K-Pop Looks Beyond Korea for Its Next Generation of Idols - TIME    For Koreans, becoming a K-pop idol is said to be harder than winning the lottery. For those outside Korea, the path to stardom in the genre may seem even rarer—though soon, industry executives and aspiring stars around the world alike are hoping, those odds may be starting to change. Last week, some 70 students in Singapore got a taste of what it takes to become a K-pop idol, having spent five days attending a K-pop training camp taught by some of the industry’s most renowned dance and vocal coaches who traveled to the Southeast Asian nation from Seoul. The camp was organized by the Singapore Raffles Music College (SRMC), which is planning to open—pending approval from Singapore’s education ministry—the first K-pop high school outside of Korea next year, in collaboration with the School of Performing Arts Seoul (SOPA), a popular arts high school in Seoul that has produced some of K-pop’s biggest names.  “We understand that [SOPA] has very strong links in terms of students entering the industry,” Ryan Goh, the executive director of SRMC, tells TIME, adding that he hopes the upcoming program will build the “necessary competency within Southeast Asian talent” to become K-pop stars.  Continued here � � � � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Prices for used electric vehicles are cratering - Fortune    Demand for electric vehicles isn’t just slowing for manufacturers. The price of used EV vehicles has tumbled compared to a year ago as well. A new study from iSeeCars, which tracks used car prices, finds that the average EV is now 33.7% cheaper than at this time in 2022. And no manufacturer is spared from the drops. The average EV sold for $34,994 in October, compared to $52,821 in October 2022. That’s a $17,827 reduction. Continued here � � � � � � You Might Like � � � � � � � � � Sweden is suffering a grim wave of gang violence - The Economist    ON OCTOBER 15TH thousands of followers of 5iftyy, a Swedish rapper, tuned into his Instagram channel for what he said would be an important livestream. They found themselves watching a bearded man brandish a gold-plated AK-47 while hurling insults at rival gang members, backed by three rifle-toting thugs in balaclavas. The man with the golden gun was Mustafa “Benzema” Aljiburi, a leading member of a Swedish narcotics network known as Foxtrot. Mr Aljiburi is believed to be living in Iraq. He staged the appearance to dispel rumours of his death and to threaten various enemies, including a Swedish prosecutor. The livestream looked ridiculous, but the threats were serious. For years Sweden has suffered from high rates of gang-related violence, but for the past two years it has been relentless. In the first ten months of the year there were 324 shootings in Sweden, 48 of them fatal. The rate of gun crime is several times higher than that in neighbouring countries. Gangs have taken to attacking the homes of rivals with hand grenades and dynamite; there have been 139 explosions this year. The government is frantically toughening laws and raising its law-enforcement budget, but it is behind the curve. “We should have seen this coming and taken these measures at least ten years ago,” says Daniel Bergstrom, an adviser to Sweden’s justice minister. The current wave of violence is largely driven by feuds involving Foxtrot. The gang draws its name from its leader, Rawa Majid, a 37-year-old Kurdish Swede. (“Rawa” sounds like räv, Swedish for fox.) Mr Majid immigrated from Iraq with his mother as a child and grew up in Uppsala, a city about 70km north of Stockholm. Over the past few years, police say, he has turned Foxtrot into the country’s biggest distributor of illegal narcotics, co-opting competitors or seizing their territory. He now directs these efforts from Turkey, where he moved after completing a prison stint on drug charges in Sweden in 2018. Continued here

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