China’s Larger Role in the World; Immortality in a Test Tube

Q1 | March 2020

stack of old newspapers, pile of old newspapers

Topic: Pearls of Wisdom

Devin Crago CFA

March 26, 2020

Image used with permission: iStock/hanohiki


Print & Share

Print

China’s Larger Role in the World; Immortality in a Test Tube

Q1 | March 2020

Reading is one of the principal occupations in our profession. As we digest a wide range of material, interesting ideas and surprising facts – some serious and some light-hearted – rise to the surface. We attempt to share a few of those with you in each of our issues of Nexus Notes.

China’s larger role in the world

Seldom has the world’s attention been so focused on China. Between trade wars and the coronavirus outbreak, there is a lot happening in the world’s most populous country. While there are plenty of metrics available to measure the ascent of China, we found this one particularly intriguing: Chinese shoppers now account for approximately 35% of global luxury sales. That number is not only large in its own right, but also represents tremendous growth from only a 2% share during the SARS epidemic in 2003. Many of the high-end brands that have benefited from the rise of Chinese shoppers (Gucci, Cartier, Louis Vuitton) are likely in for a difficult period ahead until the coronavirus outbreak recedes. To make matters worse for those brands, many of the products are manufactured in Italy – another country that has been hit hard by the virus. (“Luxury Brands Fear Sales Hit as Chinese Shoppers Stay Home”, The Wall Street Journal, January 30, 2020.)

Immortality in a test tube

The healthcare industry is among the most dynamic and innovative sectors of the modern economy. From robotic surgery to breakthrough pharmaceutical therapies, the extent of progress in this industry over the past century is stunning. However, Mother Nature often is the source of the best innovations. Recent lab research into how the brain works has focused on the hydra, a half-inch long relative of the jellyfish. The organism – which dates back some 750 million years – is sometimes considered immortal, due to its uncanny ability to repair itself. According to Columbia University neuroscientists “The hydra’s regenerative powers are so incredible that if you break it up into individual cells and collect the cells in a test tube, they will reconfigure themselves into a proper animal within a few days.” (“What Can this Ancient Creature Tell Us about the Human Brain?”, Columbia Magazine, Winter 2019-20.)

More Like This...

See another CRM2 blog post that may be of interest to you.

No posts found.

More Like This...

See another Foundations & Endowments blog post that may be of interest to you.

That Giving Feeling

Topic:
Foundations & Endowments, Tax Planning
Excerpt:
Summer is now a distant memory. In fact, a radio announcer declared only 77 days until Christmas. Ugh. It is usually in the last quarter of the year

More Like This...

See another Human Interest blog post that may be of interest to you.

Is COVID Giving You Scurvy?

Topic:
Human Interest
Excerpt:
The early ocean-going explorers learned the hard way that a lack of vitamin C can give you scurvy. And, according to Wikipedia, “the knowledge that

More Like This...

See another Inside Nexus blog post that may be of interest to you.

New Year, New Beginnings

Topic:
Inside Nexus
Excerpt:
It is with mixed emotions that we announce the retirement of Jorjan Mead from her position of Administrative Assistant with Nexus.

More Like This...

See another Investments blog post that may be of interest to you.

The Tail that Wags the Dog

Topic:
Investments
Excerpt:
We thank our friends at Northwood Family Office for having brought to our attention a fantastic book called, The Psychology of Money, written by...

More Like This...

See another Pearls of Wisdom blog post that may be of interest to you.

“Work, Work, Work, Work, Work, Work”

Topic:
Pearls of Wisdom
Excerpt:
This has been a busy year. I’ve had lots happening on the home front (a wedding!) and lots going on at the office (too long to list!) Managing work

More Like This...

See another Tax Planning blog post that may be of interest to you.

The (U.S.) Taxman Cometh

Topic:
Tax Planning
Excerpt:
Like the medical patient who expects to endure a fair bit of poking, probing and prodding from the doctor, clients of financial providers have had to

More Like This...

See another Wealth Planning blog post that may be of interest to you.

Estate Planning: Questions from our Virtual Chat

Topic:
Wealth Planning
Excerpt:
Helping clients with their estate planning is something we do here at Nexus. However, we are often involved in identifying the best tools for the

On a Side Note…

See another CRM2 Nexus Notes Quarterly article that may be of interest to you.

No posts found.

On a Side Note…

See another Foundations & Endowments Nexus Notes Quarterly article that may be of interest to you.

No posts found.

On a Side Note…

See another Human Interest Nexus Notes Quarterly article that may be of interest to you.

It’s About Time

Topic:
Human Interest
Excerpt:
Over the last 25 years, we have written frequently about time. In fact, in 2010, our annual client presentation carried the same title as this article

On a Side Note…

See another Inside Nexus Nexus Notes Quarterly article that may be of interest to you.

Building the Business: Another Virtual Nexus Welcome!

Topic:
Inside Nexus
Excerpt:
We are delighted to welcome Tom Wilson as the newest member of the Nexus team.

On a Side Note…

See another Investments Nexus Notes Quarterly article that may be of interest to you.

It’s a Topsy-Turvy Year: Investing During COVID

Topic:
Investments
Excerpt:
This year has been plenty weird. For starters, it feels like January was about five years ago… if you can remember it at all. Putting aside the health

On a Side Note…

See another Pearls of Wisdom Nexus Notes Quarterly article that may be of interest to you.

A Table for None, Please; Working From Home on the Rise

Topic:
Pearls of Wisdom
Excerpt:
Reading is one of the principal occupations in our profession. As we digest a wide range of material, interesting ideas and surprising facts – some

On a Side Note…

See another Tax Planning Nexus Notes Quarterly article that may be of interest to you.

The (U.S.) Taxman Cometh

Topic:
Tax Planning
Excerpt:
Like the medical patient who expects to endure a fair bit of poking, probing and prodding from the doctor, clients of financial providers have had to

On a Side Note…

See another Wealth Planning Nexus Notes Quarterly article that may be of interest to you.

Estate Planning: Questions from our Virtual Chat

Topic:
Wealth Planning
Excerpt:
Helping clients with their estate planning is something we do here at Nexus. However, we are often involved in identifying the best tools for the