华尔街日报-2021-10-18（搜搜报告）.pdf

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1、* * * * * *MONDAY,OCTOBER 18,2021 VOL.CCLXXVIII NO.92WSJ.comHHHH $5.00Lastweek: DJI A 35294.76548.51 1.6%NASDAQ 14897.342.2%STOXX600 469.392.6%10-YR.TREASURY9/32, yield 1.574%OI L $82.28$2.93EURO $1.1599YEN 114.26BYJONATHANCHENGChinasGrowthSlowsSharplyTo 4. 9%Power shortages andsuppl y-chai n probl

2、emsadd to i mpact ofBei j i ng busi ness curbsAsAfghanPovertyWorsens,ChildrenAreUsedtoPayDebtsDWINDLING HOPE: Saleha, right, a 40-year-old housecleaner in Herat, says her family has slipped so deeply into povertythat a shopkeeper is demanding her 3-year-old daughter Najiba, left, as payment for the

3、familys debt of about $550. A6JOEL VAN HOUDT FOR THE WALL STREET JOURNALA group of U.S. missionariesworking in Haiti were kid-napped by a notorious gangamid a sharp rise in abduc-tions and political turmoil intheCaribbeannation,aspokesman for the HaitianJustice Ministry said.An aide to Prime Ministe

4、rAriel Henry said the missionar-ies were taken hostage afterbeing ambushed by heavilyarmed men on a road outsidethe Haitian capital. Ohio-basedChristian Aid Ministries said ina statement Sunday that agroup that included 16 Ameri-cans and one Canadian waskidnapped Saturday morningduring a trip to an

5、orphanage.The organization said that fiveof those who were abductedare children.“Join us in praying for thosewho are being held hostage, thekidnappers, and the families,friends, and churches of thoseaffected,” Christian Aid Minis-tries said.Gdon Jean of the Centerfor Analysis and Research inHumanRig

6、hts,aPort-au-Prince-based organization thattracks kidnappings in Haiti,said the kidnapping was carriedout by members of the 400 Ma-wozo gang.Mr. Jean said the gang,which controls the Croix-des-Bouquets suburb east of Port-au-Prince, is responsible forabout 80% of mass kidnap-pings in Haiti.“The gang

7、s are increasinglyshowing that they are control-Pl easeturntopageA6BYRYANDUBEANDJUANMONTESinternal researchers for weeks,the difference between cock-fighting and car crashes.On hate speech, the docu-ments show, Facebook em-ployees have estimated thecompany removes only a sliverof the posts that viol

8、ate itsrulesa low-single-digit per-cent, they say. When Face-book s algorithms aren t cer-tain enough that contentPl easeturntopageA9its platforms.That future is farther awaythan those executives suggest,according to internal docu-ments reviewed by The WallStreet Journal. Facebook s AIcan t consiste

9、ntly identifyfirst-person shooting videos,racist rants and even, in onenotable episode that puzzledLatestinaseriesBYIANLOVETTPivottoRenewablesStrainsEnergyMarketsAn energy price shock isserving as a reminder of theworld s continued dependencyon fossil fuelseven amid ef-forts to shift to renewablesou

10、rces of energy.Demand for oil, coal and nat-ural gas has skyrocketed world-wide in recent weeks as unusualweather conditions and resur-gent economies emerging fromthe pandemic combine to createenergy shortages from China toBrazil to the U.K.The situation has laid barethe fragility of global supplies

11、 ascountries drive to pivot fromfossil fuels to cleaner sources ofenergy, a shift many investorsand governments are trying toaccelerate amid concerns aboutclimate change.The transition figures to bechallenging for years to come,energy executives and analystssay, due to a stark reality: Whilefossil f

12、uel investment is falling,fossil fuels account for most en-ergyand green energy spend-ing isn t growing fast enough tofill the gap.Demand for power remainsrobust even as supply chains be-gin to strain. In some cases,supplies of renewable resourcessuch as wind and hydroelectricpower have fallen short

13、 of fore-casts, further boosting demandfor fossil fuels.TheInternationalEnergyAgency, a group that advisescountries on energy policies,this month projected global oildemand will reach about 99.6Pl easeturntopageA8By Christopher M.Matthews,Collin Eatonand Benoit Faucon Big heating bills are coming:wh

14、atyou can do. A10 Options traders build bullishoil positions. B1BERLINBored early in thepandemic, Constantin Chitealawent with a few friends to anearby lake, tied a $6 magnet toa rope, tossed it into the waterand pulled out a bicycle.He s been hooked on magnetfishing ever since.“We re having a littl

15、e adven-ture,”Mr. Chiteala, 34 years old,said, “and then also doing some-thing for the environment.”Magnet fishingusingpowerful magnets topull metal out of bod-ies of waterhas ex-ploded in popularityinEurope.Thankspartly to YouTube vid-eos posted by enthusi-asts, it s become such acraze that it s cr

16、eated aproblem: What to dowith all the trash they find?The magnet fishers say it s awin-win: They have fun discov-ering what s hiding under thesurface, and they are cleaningthe environment by removingtrash from the waterways.In the U.S., where magnetfishing is also growing, the pas-time is largely a

17、ccepted. But inEurope,whereenthusiastssome-times haul unexploded WorldWar II ordnance from the water,localofficialssaymagnet fishingis often illegal, a threat toarchaeological sites, asource of litter and po-tentially dangerous.In Scotland, officialsstruck a deal late lastyeartoopenEdin-burgh s cana

18、ls to magnetfishingwith strict rulesabout safety and wastePl easeturntopageA8MagnetFishing,aPandemicCr aze,Is Now Cr eating Tr ash Pr obl emsiiiScrap metal, pulled out ofwaterways, i spi led onshore;sli my low ti debi cyclesReal l ybigcatchFacebook Inc. executiveshave long said that artificialintell

19、igence would address thecompany s chronic problemskeeping what it deems hatespeech and excessive violenceas well as underage users offBy DeepaSeetharaman,Jeff Horwitzand Justin ScheckFacebookStaffExpressDoubtonPowerofAISystemtoenforcerulesi stouted,butsuccesshasbeenmi ni mal Outlook:More inflation,

20、lessgrowth forecastfor U.S. A2 Alibaba loses marketshare inChinese online retailing. B1BEIJINGChina s economygrew by 4.9% in the third quar-ter from a year earlier, slowingsharplyfromthepreviousquarter s 7.9% growth rate, aspower shortages and supply-chain problems added to theimpact from Beijing s

21、efforts torein in the real-estate and tech-nology sectors.While many economists ex-pected China s year-over-yeargrowth to trend lower in thesecond half of 2021, based inpart on statistical comparisonsto last year, the scale of thethird-quarterslowdownwassharper than expected, fallingshort of the 5.1

22、% growth forecastby economists polled last weekby The Wall Street Journal.Theslower-than-expectedgrowth in gross domestic prod-uct reflects a range of factors,including policy makersdeci-sion to pare back stimulus en-acted in the aftermath of thepandemic last year; a crack-down on the technology, pr

23、i-vate-education and real-estatesectors; energy snafus caused inpart by soaring coal prices andmore aggressive energy targets;and disruptions to the supplychain caused by Covid-19 out-breaks, semiconductor short-ages and port shutdowns.When compared with thesecond quarter, China s GDPinched up just

24、0.2% in the threemonths ended Sept. 30, accord-ing to data released Monday byPl easeturntopageA7HaitiGangSeizesU.S.ChristianAidGroupUnion leaders are pressingto increase their ranks and se-cure gains for their membersas workers demand more fromtheir employers and compa-nies struggle with labor short

25、-agesandsnarledsupplychains.A walkout by productionworkers for farm and construc-tion machinery company Deere& Co. that began Thursday fol-lowedrecentstoppagesatsnack producer Mondelez Inter-national Inc., commercial truckmaker Volvo and breakfast-ce-real giant Kellogg Co. Laborleaders elsewhere thi

26、s yearhave worked to unionize Star-bucks Corp. baristas and Ama- Inc. warehouse work-ers, so far with mixed success.Union officials said workersare motivated by lingering frus-tration over their hours, payand concerns for their health assome have held front-line jobsthrough the Covid-19 pandemic.Emp

27、loyeesthisyearhavepushed for higher wages, ex-panded benefits, safer work-places and added staffing.“There is a new militancyout there,” said James P. Hoffa,president of the InternationalBrotherhood of Teamsters la-bor union, which represents 1.4million workers, from Detroitauto workers to package-d

28、eliv-ery drivers. “I do think it s anopportunity for labor.”This weekend, the film andtelevision industry narrowlyavoided a shutdown of produc-tion after the stage workersunionreachedatentativeagreement with studios andstreamingservicesoverworker demands.Many companies in recentmonths, responding to

29、 thetight labor market for lower-wage workers, have been rais-ing pay, offering signing bo-nuses and improving benefitsto stay competitive. Critics ofunions have warned that thework stoppages and efforts toinfluence labor policy couldpush up prices for consumersand slow production, poten-tially stif

30、ling the U.S. eco-nomic recovery.“Businessesandunionsshould be working together toPl easeturntopageA2BYJESSENEWMANUnions Push for AdvantageAmid a Tight Labor MarketINSIDESPORTSThe Chicago Sky beatthe Phoenix Mercury80-74 to win theWNBA title.A14SHAINA BENHIYOUN/SPORT PRESS PHOTO/ZUMA PRESSCONTENTSAr

31、ts in Review. . .A13Business & FinanceB2Business News. . .B3,6Crossword. . . . . . . . . . . . . .A14Heardon Street. . .B10Opinion. . . . . . . . . . . . . .A15-17Outlook. . . . . . . . . . . . . . . . . . . . . . .A2Personal JournalA1 0-1 2Sports. . . . . . . . . . . . . . . . . . . . . . .A14Techn

32、ology. . . . . . . . . . . . . . .B4U. S.News. . . . . . . . . . . . .A2-4Weather. . . . . . . . . . . . . . . . . . .A14WorldNews. . . . . . . . . .A6-7s 2021 Dow Jones & Company, Inc.All Rights ReservedWhatsNews A group of U.S. mis-sionaries working in Haitiwere kidnapped by a noto-rious gang amid

33、 a sharprise in abductions and po-litical turmoil in the Ca-ribbean nation, a spokes-man for the HaitianJustice Ministry said.A1 British police ques-tioned a 25-year-old manthey say stabbed to deatha Conservative member ofParliament as authoritiessought to determinewhether he was motivatedby Islamic

34、 extremism.A6 Democrats still tusslingover how to scale backtheir ambitions to expandthe country s social bene-fits and overhaul its cli-mate-change policy facedwindling time to reach anagreement as both theHouse and Senate return toWashington this week.A4 The push to resettle thefirst wave of Afgha

35、n evacu-ees brought to the U.S. is ex-pected to take months lon-ger than first anticipated,according to governmentand resettlement officialsfamiliar with the effort.A3 A businessman accusedby American prosecutors ofcreating a global network ofcompanies to help Venezu-ela s government evade U.S.sanct

36、ions was extradited tothe U.S., his lawyers said.A3 A Soyuz space capsulecarrying a cosmonaut andtwo Russian filmmakerslanded after a 3-hourtrip from the InternationalSpace Station.A7Chinas economy grewby 4.9% in the thirdquarter from a year ear-lier, slowing more sharplythan expected from theprevio

37、us quarter s 7.9%growth rate.B6Unionleadersarepress-ingtoincreasetheirranksandsecuregainsformem-bersasworkersdemandmorefromtheiremployersandcompaniesstrugglewithlaborshortagesandsnarledsupplychains.A1The film and TV industryavoided a production shut-down after the InternationalAlliance of Theatrical

38、 StageEmployees reached a last-minute agreement with stu-dios and streaming servicesover worker demands.B1 Saks Fifth Avenues fast-growing e-commerce busi-ness is aiming to go publicsoon at a valuation roughlytriple what it was peggedat earlier this year.B1 Traders are piling intobullish crude-oil o

39、ptions,wagering that the 2021 en-ergy rally is far from overdespite a softening globaleconomic expansion.B1Alibaba, already underregulatory scrutiny, is losingmarket share as Chineseconsumers shift from tar-geted product searches tobrowsing and interaction.B1The first bitcoin ex-change-traded fund i

40、s ex-pected to start trading Tues-day, making the most widelytraded cryptocurrency avail-able to most investors witha brokerage account.B4Business&FinanceWorld-WideJOURNAL REPORTWealth Management:Picking a Medicareplan.R1-8.更多细分领域报告请关注搜搜报告（s o s o y a n b a o ），行研君胃：s o s o b a o g a oA2| Monday, Oc

41、tober 18, 2021* * * *THE WALL STREET JOURNAL.U.S. NEWSinflation eroding the real pur-chasing power of consumers,”said Michael Brown, principalU.S. economist at Visa.Concerns about limitedsupply are the maincloud over the outlook.Around half of respondentscited supply-chain bottle-necks as the bigges

42、t threat togrowth in the next 12 to 18months, while nearly one-fifth pointed to labor short-ages. They also expect sup-ply-chain woes to weigh onthe economy through muchof next year. Some 45% esti-mate that it will take untilthe second half of 2022 forbottlenecks to have mostlyreceded, compared with

43、 two-fifths expecting major im-provement before then.Concerns about Covid-19have receded. It was flaggedby just 8.2% of respondentsas the main risk to growth.Still, some respondents saidCovid-19 is the biggest factorin setting the economy scourse for the next year orso. “Fundamentally, it sCovid and

44、 people s reactionto it that s leading to laborshortages and supply-chainbottlenecks, which in turn isfeeding into higher infla-tion,” said Leo Feler, senioreconomist at UCLA AndersonForecast.Many economists cited un-usually robust demand forgoods throughout the pan-demic as the chief source ofstrai

45、ned suppliesand, as aresult, a key source of infla-tionary pressure. Goods de-mand has remained high evenas widespread vaccination al-THE OUTLOOK | By Gwynn Guilford and Anthony DeBarrosMoreInflation,LessGrowthForecastUncomfortably high in-flation will grip theU.S. economy well into2022, as constrai

46、ned supplychains keep upward pressureon prices and, increasingly,curb output, according toeconomists surveyed thismonth by The Wall StreetJournal.The economistsinflationprojections are up dramati-cally from July, while short-term growth outlooks arelower.Economists on average seeinflation at 5.25% i

47、n Decem-ber, just slightly less thanthe rate that has prevailedsince June. Assuming a simi-lar level in October and No-vember, that would mark thelongest inflation has beenabove 5% since early 1991.“It s a perfect storm: sup-ply-chain bottlenecks, tightlabor markets, ultra-easymonetary and fiscal po

48、li-cies,” said Michael Moran,chief economist at DaiwaCapital Markets America.Consumer-price inflationwill drop to 3.4% by June ofnext year, then 2.6% by theend of 2022, according to re-spondentsaverage estimates.That is still above the aver-age 1.8% that prevailed in thedecade before the pandemic.Ec

49、onomists slashed growthforecasts this year, to an av-erage 3.1% annualized in thethird quarter from 7% in theJuly survey. They also low-ered projected fourth-quartergrowth to 4.8% from 5.4%.“Consumer spending, andby extension GDP growth, isbeing limited by high rates oflowed the economy to reopenand

50、 consumers to resumespending on services. Whensupply-chain-induced pres-sure on prices subsides de-pends to some extent onwhen consumers rebalancetheir spending, said Con-stance Hunter, chief econo-mist at KPMG.“The question right now is,are they going to spend ongoods or services?” she said.“Is the