News Briefs

According to Ian Talley of the Wall Street Journal, economic sanctions have a mixed track record in achieving their desired geopolitical outcome. Talley says that the success of sanctions against North Korea will depend on cooperation from the international community and the forcefulness of specific sanction measures. WSJ

The Wall Street Journal reports that damage from major hurricanes in the U.S. will worsen the global oil supply glut as large areas of the U.S. are shut-down, weakening demand for energy. Market watchers say that millions of barrels of crude oil will be forced into oil caverns and tankers, likely serving to depress oil prices despite efforts from OPEC countries to prop them up. WSJ

Jennifer Levitz of the Wall Street Journal writes that companies struggling to hire qualified workers are opening offices in cities with high levels of underemployed workers. Levitz says that tech firms are especially desperate for workers and are moving to cities that traditionally have not been hubs for high-tech jobs as workers are increasingly unwilling to relocate to a new city. WSJ