July 8 (Reuters) - Gold held steady on Thursday as lower U.S.
Treasury yields countered a stronger dollar after minutes from the Federal Reserve’s last meeting showed that the central bank is moving towards tapering its asset purchases as soon as this year.
Mobile carriers have long persuaded many of us to upgrade our smartphones every two years, offering two-year contracts linked to free or low-cost phone upgrades to keep the two-year upgrade cycle going. That feeling of ponying up just a couple hundred dollars (or less) for the newest, fanciest phone available, has helped perpetuate the rise of the de facto two-year phone upgrade. Case in point: AT&T and Verizon marketed a “free” iPhone 12 last year for customers who buy unlimited plans and commit to a multi-year deal.
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* The European Central Bank will on Thursday announce the outcome of an 18-month strategy review, redefining its inflation target and laying down what role it plans to play in the fight against climate change.
economic recovery “was generally seen as not having yet been met,” but agreed they should be poised to act if inflation or other risks materialised, according to the minutes of the central bank’s June policy meeting.
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For years, developed countries like the US have shipped recyclable waste overseas for processing. Although that is now beginning to change, there are real costs. iPhones contain toxic materials like lead and mercury, for instance, which can harm the environment and people if disposed of improperly. And often e-waste isn’t properly managed. In Southern China, there is a town known as Guiyu that has become known as the world’s biggest graveyard for America’s electronic junk, and synonymous among environmentalists with toxic waste. The UN’s 2020 Global E-waste Monitor report found that the world dumped a record 53.6 million tonnes of e-waste last year, of which the United States is the world’s second-largest contributor to e-waste, dumping 6.9 million tonnes.
Beyond that, and perhaps more tangibly, I think we should consider the environmental cost of purchasing a new phone. You’ve read the headlines: Climate change is accelerating at rapid speed. Countries around the world keep setting new records for the highest temperatures. There are more climate-related disasters than ever before, arctic caps are melting and biodiversity is disappearing faster than we can save it. What, exactly, happens to all those discarded phones over time? Does all that plastic ever fully decompose?
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Apart from that, major differences between the S21 and last year’s S20 were mostly incremental. I remember having to pore over the specs sheet to spot salient differences as I covered Samsung’s virtual Unpacked event. Refinements were made to the usual suspects, including the processor, software and 5G. This might have been part of Samsung’s response to the global coronavirus pandemic, but it lends credence to the notion of a decreasing technological gap. It was also interesting to note the items Samsung dropped from the S21 flagship family to meet that lowered price. We said goodbye to expandable storage, bundled earphones and most notoriously the in-box charger, as Samsung followed in Apple’s lead — apparently in the name of the environment.
