
Trump takes egg (and stock prices), the data on disasters and a meandering cyclone
Hello and welcome to another edition of The Crunch!
In this week's newsletter we have charts on … the stock market under Trump, how inflation has raised prices on different grocery items, mapping the Myanmar earthquake, the meandering path of a tropical cyclone and a look at 'music DNA'.
Boffins at the US Federal Emergency Management Agency spent years creating an extreme weather risk index down to the county level. Only a month or so after launch, the Trump administration deleted it.
But our Guardian US colleagues have recreated the index, using projections on worsening storms, wildfires and floods.
The solid red area near Los Angeles looks particularly troubling.
1. More disaster maps
Thousands were killed by the earthquake that struck Myanmar and hundreds remain missing. Reuters have mapped the 7.7-magnitude quake that struck the region on Friday.
The piece also includes some great visuals on how earthquakes occur and the history of earthquakes in the region.
2. What could we buy for one nuclear sub?
Last week's budget measures paper was the 'skinniest' in 20 years – because of the imminent election, but also the result of an ongoing trend.
The centrepiece of the budget was a surprise tax cut. But, coming in at just over $17bn, it wouldn't even buy you half a nuclear submarine*. With questions mounting over the Aukus nuclear submarine program, we took a look through the budget papers to see what one nuclear sub would buy us.
*An important caveat is that we don't know what the final cost will be for the Aukus nuclear subs for almost another two decades. We took the estimated figure when the deal was announced and divided it by the potential number of submarines: eight. The spending obviously includes lots of non-materiel things like training and research programs.
3. The unpredictable path to the deep north
For days before Cyclone Alfred made landfall, the forecast path and intensity of the weather system were in flux. This meant an anxious wait for communities up and down the Queensland coast, and made it harder to prepare.
The visual stories team at the Sydney Morning Herald mapped the cyclone's unpredictable path.
Something else I learned from this story – at least 20 cyclones have come within a few hundred kilometres of south-east Queensland since records began.
Sign up to The Crunch
Our data journalists showcase the most important charts and dataviz from the Guardian and around the web, free every fortnight
after newsletter promotion
4. The cost of US inflation in 10 items
Eggs have become so expensive in the US that millions have reportedly stopped buying them entirely. But the spiralling cost of food isn't a recent phenomenon.
Egg prices have risen by more than 310% in the US over the past 20 years, even as the federal minimum wage has largely stagnated since 2009. This beautiful illustration piece by our colleague Mona Chalabi shows the rising cost of 10 different items.
We've only screenshotted a small section of the beautiful graphic but you can click through for the rest.
5. A viral chart about the stock market under Trump
A chart showing the decline of US companies' stock prices under the terms of various presidents went viral several weeks ago, showing up on BlueSky, Reddit and Twitter (I refuse to call it X).
Here's how it looked in the Economist's Graphic Detail series ($):
The earliest version of the chart format I could find was by Owen Winter from the Economist, who has been updating the chart since at least 4 March. His latest predates the 'liberation day' tariffs announcement though – the plunge continues.
A Reuters' visual explainer on how tariffs aren't all the same
Guardian US on the global chaos from Trump's tariffs
A timeline of key tariff announcements
How Trump's tariffs will hit Australia, in four charts ($)
Perennial Crunch favourites The Pudding are back with another banger about bangers. This time its a deep dive into the 'DNA' of music – a visual (and auditory) look at how ideas and themes repeat and can be traced back through history.
Enjoying The Crunch? If you like what you see and think you might know someone else who would enjoy it, please forward this email or send them a link to the signup page.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Independent
36 minutes ago
- The Independent
Top US universities raced to become global campuses. Under Trump, it's becoming a liability
Three decades ago, foreign students at Harvard University accounted for just 11% of the total student body. Today, they account for 26%. Like other prestigious U.S. universities, Harvard for years has been cashing in on its global cache to recruit the world's best students. Now, the booming international enrollment has left colleges vulnerable to a new line of attack from President Donald Trump. The president has begun to use his control over the nation's borders as leverage in his fight to reshape American higher education. Trump's latest salvo against Harvard uses a broad federal law to bar foreign students from entering the country to attend the campus in Cambridge, Massachusetts. His order applies only to Harvard, but it poses a threat to other universities his administration has targeted as hotbeds of liberalism in need of reform. It's rattling campuses under federal scrutiny, including Columbia University, where foreign students make up 40% of the campus. As the Trump administration stepped up reviews of new student visas last week, a group of Columbia faculty and alumni raised concerns over Trump's gatekeeping powers. 'Columbia's exposure to this 'stroke of pen' risk is uniquely high,' the Stand Columbia Society wrote in a newsletter. Ivy League schools draw heavily on international students People from other countries made up about 6% of all college students in the U.S. in 2023, but they accounted for 27% of the eight schools in the Ivy League, according to an Associated Press analysis of Education Department data. Columbia's 40% was the largest concentration, followed by Harvard and Cornell at about 25%. Brown University had the smallest share at 20%. Other highly selective private universities have seen similar trends, including at Northeastern University and New York University, which each saw foreign enrollment double between 2013 and 2023. Growth at public universities has been more muted. Even at the 50 most selective public schools, foreign students account for about 11% of the student body. America's universities have been widening their doors to foreign students for decades, but the numbers shot upward starting around 2008, as Chinese students came to U.S. universities in rising numbers. It was part of a 'gold rush' in higher education, said William Brustein, who orchestrated the international expansion of several universities. 'Whether you were private or you were public, you had to be out in front in terms of being able to claim you were the most global university," said Brustein, who led efforts at Ohio State University and West Virginia University. The race was driven in part by economics, he said. Foreign students typically aren't eligible for financial aid, and at some schools they pay two or three times the tuition rate charged to U.S. students. Colleges also were eyeing global rankings that gave schools a boost if they recruited larger numbers of foreign students and scholars, he said. But the expansion wasn't equal across all types of colleges — public universities often face pressure from state lawmakers to limit foreign enrollment and keep more seats open for state residents. Private universities don't face that pressure, and many aggressively recruited foreign students as their numbers of U.S. students stayed flat. The college-going rate among American students has changed little for decades, and some have been turned off on college by the rising costs and student debt loads. Supporters say foreign students benefit colleges — and the wider US economy Proponents of international exchange say foreign students pour billions of dollars into the U.S. economy, and many go on to support the nation's tech industry and other fields in need of skilled workers. Most international students study the STEM fields of science, technology, engineering and math. In the Ivy League, most international growth has been at the graduate level, while undergraduate numbers have seen more modest increases. Foreign graduate students make up more than half the students at Harvard's government and design schools, along with five of Columbia's schools. The Ivy League has been able to outpace other schools in large part because of its reputation, Brustein said. He recalls trips to China and India, where he spoke with families that could recite where each Ivy League school sat in world rankings. 'That was the golden calf for these families. They really thought, 'If we could just get into these schools, the rest of our lives would be on easy street,'' he said. Last week, Trump said he thought Harvard should cap its foreign students to about 15%. 'We have people who want to go to Harvard and other schools, they can't get in because we have foreign students there,' Trump said at a news conference. The university called Trump's latest action banning entry into the country to attend Harvard 'yet another illegal retaliatory step taken by the Administration in violation of Harvard's First Amendment rights.' In a lawsuit challenging the Trump administration's previous attempt to block international students at Harvard, the university said its foreign student population was the result of 'a painstaking, decades-long project' to attract the most qualified international students. Losing access to student visas would immediately harm the school's mission and reputation, it said. 'In our interconnected global economy," the school said, 'a university that cannot welcome students from all corners of the world is at a competitive disadvantage.' ___ The Associated Press' education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at

Finextra
an hour ago
- Finextra
Fintech challenges due to new US policies: By Konstantin Rabin
The global fintech sector has faced unprecedented challenges lately due to rapid changes in U.S. policies. The second term of President Trump has been a bumpy road for financial markets and businesses worldwide. Frequent updates and announcements about tariffs and geopolitics shook markets as well as the global fintech environment. What is a good business idea one day, turns out completely useless on another. The Trump administration's deregulatory agenda, 'America First' and crypto-friendly stance promise to reshape fintech operations and cross-border transactions. The State of the New U.S. Policy Landscape The Trump administration is known for its anti-biden tone and many of Biden-era policies are about to reverse. As a result, the landscape can shift to different scenarios where some fintechs thrive while others struggle. Deregulation accelerated It is expected that the partial rollback of Dodd-Frank will be resumed which will reduce the compliance burden for fintech leading to more intense competition. This has the potential to lower entry barriers for new startups meaning more and more new fintech companies will be introduced, which will make the life of established startups more difficult as they have to face many competitors. Cypro policies reversed Trump promised to end the 'persecution' of crypto and it includes rescinding of SEC's Staff Accounting Bulletin 121 which was blocking bank crypto custody. It is no secret that the blockchain sector is home to a plethora of revolutionary startups especially fintech companies and this stance is very positive. However, this also introduces compliance challenges for crypto fintech startups which leaves uncertainty on the table. Capital rules changed The Basel III Endgame proposal will likely get scrapped easing capital requirements for banks partnering with fintechs. Also, CFBP rules on 'open banking' and nonbank payment supervision face revision which eliminates some challenges. FX Volatility: The Silent Fintech Growth Killer? Currency fluctuations have become extremely volatile lately due to tariff announcements. This can have profound effects on fintech startups that are directly involved with currencies. As commented by experts from Luxren Capital: 'Unstable FX rates pose existential risks for international fintech due to margin compression in volatile quarters - forcing them to choose between absorbing losses or increasing pricing on services.' Transferring costs to end-users makes fintechs less competitive to clients but due to foreign exchange volatility, this might be a reality for fintechs. This might seem like a little issue at first but financial technology companies are mostly involved with currencies and heightened volatility directly impacts their profitability and service quality. Fintechs facilitating cross-border transactions and converting one currency into another are especially vulnerable to FX volatility caused by Trump's tariff announcements. This volatility is not just a treasury issue either as it can cascade into payment failure, and settlement delays, and negatively affect the company's reputation. Trump's Tariffs Both stock market and foreign exchange volatility are primarily caused by Trump's announcements regarding tariffs. Many startups experience serious turbulence as they face both stock price crashes and currency risks simultaneously coupled with increased competition in the sector. Tariffs directly affect the economy and companies that face higher costs are naturally prone to bankruptcy despite the President's pro-business stance. Immigration barriers Trump is also known for his anti-immigration rhetoric and policies. Trump's anticipated H-1B visa cuts can starve fintechs of 40% of their engineering talent, which has a serious impact. While AI can replace many of the jobs it can not keep up with the decline of this scale. Tariffs can also force fintech to establish elsewhere like Ireland and Mexico to acquire talent and maintain low costs. Compliance fracturing The U.S. regulatory landscape that consists of 50 state regimes plus federal agencies creates minefields for fintechs. Data privacy fragmentation becomes a real issue as Biden's 2024 Executive Order for unified biometric and genomic data rules might get revoked. There are also licensing inconsistencies across US states. Money transfer licenses which are required in 50 states cost fintechs 500k-2M dollars annually, which makes it difficult to launch new startups without strong capital support. The OCC's fintech charter is currently blocked and it could simplify this but faces opposition from state regulators, making fintech life difficult.


Belfast Telegraph
an hour ago
- Belfast Telegraph
Trump ‘disappointed' with Musk after he turned on the Republican tax bill
Mr Trump suggested the world's richest man misses being in the White House and has 'Trump derangement syndrome'. We need your consent to load this Social Media content. We use a number of different Social Media outlets to manage extra content that can set cookies on your device and collect data about your activity. Please review your details and accept them to load the content The Republican president reflected on his break-up with Mr Musk in front of reporters in the Oval Office as the Space X owner continued a storm of social media posts attacking the president's 'Big Beautiful Bill' – and warning it will increase the federal deficit. 'I'm very disappointed in Elon,' Mr Trump said. 'I've helped Elon a lot.' Mr Musk has called Mr Trump's big tax break bill a 'disgusting abomination'. As Mr Trump spoke to reporters at the White House on Thursday, Mr Musk was watching. 'False,' he fired back on his social media platform as the president continued speaking. 'This bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it!'