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Is the 24/7 news cycle making it hard for you to function? Here’s how to cope

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Political violence. War. Shootings. Supreme Court decisions. Election campaigning. High-profile deaths

If the barrage of negative news is leaving you feeling anxious, stunned, deflated, or paralyzed—particularly when it comes to getting through the regular tasks of your day, from work to childcare—you are definitely not alone. 

“Anytime we’re faced with a moment of uncertainty, our brain is going to go into that ‘fight or flight’ mode—which is really just our body’s way of installing a pause point to figure out how best to navigate through a crisis,” explains therapist Arianna Galligher, director of the Gabbe Well-Being Office and the Stress, Trauma and Resilience (STAR) Program at the Ohio State University Wexner Medical Center. “I think what makes it so challenging to function as typical—particularly when the threat is more of an existential nature, and there’s nothing concrete to do—there really isn’t any place for that adrenaline and cortisol to go.”

“Fight or flight,” Galligher explains, is the shorthand way of referring to the release of chemicals that occurs in the brain when it perceives some sort of a threat. “It can manifest in different kinds of behavioral reactions,” she says. On one end is the “fight” trauma response, “where you’re going to try to stand up against whatever that threat may be,” she tells Fortune.

On the other end is “flight,” meaning your instinct will be to run away from or avoid the situation. Then there’s “freeze,” which is “where a lot of people sort of feel paralyzed, because it’s really hard to find any action to take,” Galligher explains. And then there’s “fawn,” where we “just sort of give up, surrender, and or try to placate the situation.” 

How an individual responds depends on many things—the situation, one’s previous life experiences, and simply how you’re wired. “But whatever your reaction is, it’s really meant to help you survive through that crisis,” she says.

Particularly in the aftermath of an event such as the assassination attempt on Donald Trump, she adds, “We’re all sort of collectively trying to make sense of what happened. What does it mean? How do we move forward? What’s going to happen next? I think there’s a little bit of dread that is really common to accompany events like this, where it’s like, where does it end?”

Another common response is anger

What if you’re not feeling particularly frozen, but instead find yourself snapping at your spouse? That could be another response to bad-news overload, explains Maryland-based therapist Steven Stosny, who coined the phrase “headline stress disorder” during the 2016 election cycle, referring to stress and anxiety triggered by news headlines—and fueled by 24-hour news cycles, social media, ongoing wars, and increasing vitriol—that spills into work, social, and family life. 

“Anxiety is a general central nervous system response,” Stosny, the author of Soar Above: How to Use the Most Profound Part of Your Brain Under Any Kind of Stress, tells Fortune. “In other words, it’s not specific to what triggered it. It’s your brain’s way of processing your entire environment—and anger is always an attribution of blame. And the law of blame is that eventually it goes to the closest person.”

That, he says, is “classic Freudian displacement of anger.” In his practice, where he specializes in people dealing with chronic resentment, anger, and emotional abuse, he started asking clients what had happened immediately before an argument back in 2016. “Over 80% of the time it was that they had been getting news alerts on their smartphone … So your threshold of anger is greatly lowered, and it doesn’t take as much to trigger it,” he says.

How do we keep going? Be intentional—and stop doomscrolling.

“The world keeps turning,” says Galligher. And to do that ourselves, she says, “we do have to be a little bit intentional.”

If you feel overwhelmed or stuck or unable to concentrate, start by taking a few deep breaths while taking stock of where you are right now. “It makes sense that your mind might go to a little bit of a catastrophic place,” she says, but ask yourself, “What’s right here in front of you right now? … What is it that you actually have some control over in terms of what you’re going to focus on next?” Maybe what you can control is stepping away from whatever you’re doing for a few minutes and taking a break. 

“Maybe what you can control is setting limits with how much you engage with certain forms of media right now,” she suggests (for example: stop doomscrolling). “Can you adjust your dose of the news to be a little bit more in line with what’s going to help you function throughout the day?” Give yourself permission to check news updates maybe once in the morning and once in the afternoon, but never close to bedtime, knowing that “ if there really is some kind of dire breaking news … they will come across multiple avenues, so we’re not going to miss it.”

Stosny recommends disabling all news alerts—as well as spending more time being active and in nature, and making time to really connect with friends and family.  

Focus on what you can control

“You’re always going to be anxious or angry when you focus on things you can’t control—that’s why people get angry about politics and religion, things that can’t really influence,” Stosny says. “So if you focus on what you can influence, which is your own behavior, the well-being of your family, things that are really important,” he says, that will be calming. 

Also vital, notes Stosny, is to remember and appreciate your ability to cope with difficult things. “The less you know about [a stressful bit of news], the more anxious you’re going to be about it. And the wild card is your perceived ability to cope,” he says, explaining that, in other words, you’re worried that something bad is going to happen—the candidate you hate wins, for example—and you’re not going to be able to handle it. “You don’t think you can cope with it,” he says, “but of course, you will. Other candidates have won before, and you coped with it.” 

You can then take it a step further, Stosny recommends: First, slow down your thoughts. “The anxious thoughts go by very fast, much faster than conscious attention, and you need to slow them down … as each thought is stimulating a little bit of cortisol, and some of them are stimulating adrenaline for that fight or flight response.” Next, assign each worry a probability, and then make a concrete list of what you could do if your worst fear comes true. 

Have boundaries—and give yourself permission for distractions

Everybody needs a support system and some space for processing their anxieties with those people, Galligher says—with a caveat: “I think engaging with your support system can be really therapeutic, as long as you put a frame around it so that you’re not feeding off of each other’s catastrophic thought process.” It’s all about being intentional about accessing mutual support in your discussions—and knowing how to walk it back when it starts to “get too far into a realm of Armageddon.” 

It’s also important to have boundaries when engaging with people who have different perspectives. “If the conversation starts to get too contentious or too emotional, you know, what? We can say, ‘Okay, that’s enough for now. I want to preserve this relationship, and we don’t agree on this. So what can we talk about instead?’”

Finally, don’t forget about time-limited, healthy distractions—whether that means watching a funny movie, silly cat videos or the latest TikTok dance. “Everybody needs a break,” Galligher says.

Bottom line, she says, is to try and find balance. “It makes sense to adopt sort of an oscillation strategy where you’re going to intentionally engage with what’s going on in the world for a time, and then [move] toward … What do I need now to be able to take care of myself? Setting up a frame for yourself where you’re moving back and forth between those two I think tends to be a much healthier cadence for people.”



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Brazilians rally to protest supreme court judge’s decision to ban X

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Tens of thousands of Brazilians joined an independence day rally called by members of the rightwing opposition in protest against a supreme court judge who banned Elon Musk’s social media platform X in the country. 

Dressed in the national colours of yellow and green, attendees at Saturday’s demonstration in São Paulo held posters demanding the removal of justice Alexandre de Moraes, who has attracted controversy for a wide-ranging crackdown on digital disinformation. 

“I came here today in favour of freedom of expression. The constitution is being violated,” said 25 year-old radiologist Mayara Ribeira, wearing the shirt of the Brazilian football team. “The judge should be impeached”. 

X went offline in Latin America’s most populous nation just over a week ago after it ignored court orders to block certain accounts suspected of spreading falsehoods, many belonging to supporters of former hard-right president Jair Bolsonaro. 

It affected some 20mn users and marked an escalation of a months-long row over takedown decrees between Musk and Moraes, whom the tech entrepreneur has accused of censorship. 

“I don’t want anybody to be silenced, if they are leftwing or rightwing,” said retiree Elayne Nunes, 58, who travelled from the neighbouring state of Minas Gerais. “I’m happy that Elon Musk has brought to international attention what is happening in Brazil”.

The case has turned into a cause célèbre in the global debate about online free speech and energised Brazil’s populist conservative movement, which claims to be unfairly targeted by the judge. 

Allies of Moraes frame his actions as necessary to safeguard democracy against fake news, but opponents accuse him of eroding liberties. 

The blackout of X has divided opinion in Brazil. A survey by AtlasIntel found nearly 51 per cent of respondents disagreed with the ban, versus just over 48 per cent in favour.

Speakers at the event on Avenida Paulista urged senators to launch an impeachment of the judge, who has also become a target for wider criticisms that Brazil’s supreme court is overreaching its legal limits. 

They also appealed for an amnesty for people arrested in connection with the storming of government buildings in Brasília on January 8, 2023 by radical Bolsonaro supporters. 

Many of the rioters called for a military coup against leftwing president Luiz Inácio Lula da Silva, who defeated Bolsonaro in the previous year’s election. 

“I hope that the federal senate puts a stop to this dictator Alexandre de Moraes, who does more harm to Brazil than Luiz Inácio Lula da Silva himself,” Bolsonaro said on stage. 

The ex-president faces a number of supreme court investigations from his time in office, including over an alleged coup plot — that was never implemented — to stay in power.

Researchers at the University of São Paulo estimated there were 45,400 people at Saturday’s event in Brazil’s largest city.

The trigger for X’s suspension was its failure to meet a deadline set by Moraes to appoint a new legal representative in the country, as required by domestic law. Musk had closed the company’s local office last month in protest at the judge’s orders. 

In his decision to block access to the platform, Moraes said X was seeking to create an environment of “total impunity” and a “lawless land” on Brazilian social media ahead of municipal elections next month.

Creomar de Souza at consultancy Dharma Political Risk said impeachment of the justice was unlikely for now: “It looks like we’re in for a long battle between Moraes and political forces in Brazil and abroad”.



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Russia economy: Relying more China’s yuan is backfiring

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After the U.S. and its allies sanctioned Russia in 2022 for its invasion of Ukraine, Moscow turned away from the dollar and euro in international transactions and relied more on China’s yuan.

That coincided with more trade between the two countries as Russia was largely shut out of Western markets as well as the global financial system.

By June, the yuan accounted for 99.6% of the Russian foreign exchange market, according to Bloomberg, which cited data from Russia’s central bank. And Russian commercial banks ramped up corporate loans denominated in yuan.

But this dependence on the yuan is now backfiring as top Russian banks are running out of the Chinese currency, Reuters reported on Thursday.

“We cannot lend in yuan because we have nothing to cover our foreign currency positions with,” German Gref, CEO of top Russian lender Sberbank, said at an economic forum.

That’s because the U.S. expanded its definition of Russia’s military industry earlier this year, thereby widening the potential scope of Chinese firms that could get hit with secondary sanctions for doing business with Moscow.

As a result, Chinese banks have been reluctant to transfer yuan to Russian counterparts while servicing foreign trade payments, leaving transactions in limbo for months. With yuan liquidity drying up from China, Russian companies have tapped the central bank for yuan via currency swaps.

At the start of this month, banks raised a record 35 billion yuan from Russian’s central bank through these swaps, according to Reuters. And banks were expecting more help.

“I think the central bank can do something,” Andrei Kostin, CEO of second-largest bank VTB, said Thursday. “They hopefully understand the need to increase the liquidity offer through swaps.”

But on Friday, Russia’s central bank dashed those hopes, calling on banks to curb corporate loans denominated in yuan.

The Bank of Russia also said in a report that swaps are only meant for short-term stabilization of the domestic currency market and are not a long-term source of funding, according to Bloomberg. But rather than simply filling the roles that dollars and euros did, yuan loans have expanded.

“The increase in yuan lending was partly caused by the replacement of loans in ‘toxic’ currencies, but 41% of the increase was down to new currency loans,” the bank said.

The central bank also released a survey that showed a quarter of Russian exporters had trouble with foreign counterparts, including blocked or returned payments even when dealing in supposedly friendly countries. And about half of exporters said the problems got worse in the second quarter from the prior quarter.

The overall Russian economy has been propped up by the government’s wartime spending as well as oil exports to China and India. But the combination of busy factories and labor shortages due to military mobilizations have stoked more inflation.

Researchers led by Yale’s Jeffrey Sonnenfeld warned the seemingly robust GDP data mask deeper problems in the economy.

“Simply put, Putin’s administration has prioritized military production over all else in the economy, at substantial cost,” they wrote. “While the defense industry expands, Russian consumers are increasingly burdened with debt, potentially setting the stage for a looming crisis. The excessive focus on military spending is crowding out productive investments in other sectors of the economy, stifling long-term growth prospects and innovation.”

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ETFs are set to hit record inflows, but this wild card could change it

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ETF Edge, September 4, 2024

Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund boom before year-end.

“With that $6 trillion plus parked in money market funds, I do think that is really the biggest wild card for the remainder of the year,” Nate Geraci, president of The ETF Store, told CNBC’s “ETF Edge” this week. “Whether it be flows into REIT ETFs or just the broader ETF market, that’s going to be a real potential catalyst here to watch.”

Total assets in money market funds set a new high of $6.24 trillion this past week, according to the Investment Company Institute. Assets have hit peak levels this year as investors wait for a Federal Reserve rate cut.

“If that yield comes down, the return on money market funds should come down as well,” said State Street Global Advisors’ Matt Bartolini in the same interview. “So as rates fall, we should expect to see some of that capital that has been on the sidelines in cash when cash was sort of cool again, start to go back into the marketplace.”

Bartolini, the firm’s head of SPDR Americas Research, sees that money moving into stocks, other higher-yielding areas of the fixed income marketplace and parts of the ETF market.

“I think one of the areas that I think is probably going to pick up a little bit more is around gold ETFs,” Bartolini added. “They’ve had about 2.2 billion of inflows the last three months, really strong close last year. So I think the future is still bright for the overall industry.”

Meanwhile, Geraci expects large, megacap ETFs to benefit. He also thinks the transition could be promising for ETF inflow levels as they approach 2021 records of $909 billion.

“Assuming stocks don’t experience a massive pullback, I think investors will continue to allocate here, and ETF inflows can break that record,” he said.

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