Category: #Economy
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‘We are going to die’: Food shortages worsen misery in Sri Lanka
Prime minister warns of a food crisis after chemical fertilisers ban by previous government drastically cut crop yields. Source: https://www.aljazeera.com/news/2022/5/20/we-are-going-to-die-food-crisis-worsens-misery-of-sri-lankans Droolin’ Dog sniffed out this…
‘I lost all my life savings’: Crypto’s hype and promises come crashing down
This story originally appeared in Jacobin Magazine on May 18, 2022. It is shared here with permission. The values of major cryptocurrencies have been sliding…
Suspended trains, empty roads, vacant malls: Silence blankets Finland’s border with Russia
For decades, Finland and Russia connected their two countries across a long border. In a matter of weeks, those connections were severed. Source: https://www.politico.eu/article/finland-russia-border-allegro-train-helsinki-st-petersburg/ Droolin’…
Why our continued use of fossil fuels is creating a financial time bomb
Enlarge (credit: Aurich Lawson | Getty Images) The numbers are startling. We know roughly how much more carbon dioxide we can put into the atmosphere…
CVS, Walgreens limit formula purchases amid supply shortages
As it confronts ongoing supply shortages of baby formula, CVS said Friday it would now limit how much product customers can purchase at its pharmacies….
Bank of England raises interest rates as it warns of recession and 10% inflation
Rise to 1% is fourth successive increase and highest level since February 2009 The Bank of England has warned that the cost-of living crisis could…
Fed raises rates half a percentage point
The Federal Reserve enacted its steepest interest rate increase in more than 20 years Wednesday and indicated more monetary tightening is on the way, as…
The Fed gets serious about tighter money
The Federal Reserve’s policy announcement this afternoon will feel like something new. It will include the first in-person news conference in more than two years,…
“Elephant in the room”: Clean energy’s need for unsustainable minerals
Enlarge Earth Day was April 22, and its usual message—take care of our planet—has been given added urgency by the challenges highlighted in the latest…
Dutch dockers refuse to unload ship with Russian diesel cargo
Dock workers union accuses Russia of financing the war in Ukraine with the cargo of diesel. Source: https://www.aljazeera.com/news/2022/4/30/dutch-dockers-refuse-to-unload-ship-with-russian-diesel-cargo Droolin’ Dog sniffed out this story and…
When it comes to remote work, be careful what you wish for
Work-from-home and flexible hours office policies thanks to pandemic workplace changes can seem great. But there are downsides. Source: https://www.nbcnews.com/think/opinion/work-home-flexible-hours-office-policies-can-seem-great-are-downsides-rcna26423 Droolin’ Dog sniffed out this…
Libya is losing $60m a day in oil shutdown: Oil minister
Oil is the lifeblood of the North African country trying to move past a decade of conflict. Source: https://www.aljazeera.com/economy/2022/4/29/libya-is-losing-60m-a-day-in-oil-shutdown-oil-minister Droolin’ Dog sniffed out this story…
Russia’s gas blackmail: Putin is bringing a knife to a gun fight
By weaponising gas exports, Putin is digging the grave of Russia’s economy. Source: https://www.aljazeera.com/opinions/2022/4/29/russias-gas-blackmail-putin-is-bringing-a-knife-to-a-gun-fight Droolin’ Dog sniffed out this story and shared it with you….
Homebuyers face mortgage cliff
Note: Affordability based on a 30-year fixed-rate mortgage payment of 28% of the combined earnings of two 40-hour/week workers. Data: FRED, Census Bureau; Chart: Erin Davis/Axios…
US economy unexpectedly shrinks in first quarter of 2022
Gross domestic product fell at a 1.4 percent annualized rate. Source: https://www.aljazeera.com/economy/2022/4/28/us-economy-unexpectedly-shrinks-in-first-quarter-of-2022 Droolin’ Dog sniffed out this story and shared it with you. The Article…
Southern California restricts outdoor watering in first-ever water shortage emergency declaration
Southern California officials declared a water shortage emergency for the first time ever and imposed unprecedented outdoor water usage restrictions on the roughly 6 million…
US stocks drop as China lockdowns spook already-wary investors
The S&P 500 and Nasdaq 100 both fell ahead of a busy earnings week for Big Tech. Source: https://www.aljazeera.com/economy/2022/4/25/us-stocks-drop-as-china-lockdowns-spook-already-wary-investors Droolin’ Dog sniffed out this story…
This Earth Day, one book presents global warming and climate justice as inseparable
It’s still an open question to what degree our planet will remain habitable in the coming years. Elizabeth Cripps offers an urgent message in What…
Soaring gas prices test Biden on climate change
President Joe Biden’s ambitions to finally put the U.S. on the path to confront climate change are crashing into an election-year scramble to lower gas…
Corn futures hit decade-high above $8 per bushel on global supply
War in Ukraine and cold weather in US lead to forecasts of lower supply, driving grain prices higher. Source: https://www.aljazeera.com/news/2022/4/18/corn-futures-hit-decade-high-above-8-bushel-on-global-supply Droolin’ Dog sniffed out this…
US inflation jumped 8.5 percent in past year, highest since 1981
March inflation numbers are the first to include the hike in petrol prices spurred by Russia’s invasion of Ukraine. Source: https://www.aljazeera.com/economy/2022/4/12/us-inflation-jumped-8-5-in-past-year-highest-since-1981 Droolin’ Dog sniffed out…
Most Americans blame Putin and oil companies for higher gas prices, poll indicates
A significant majority of Americans blame Russian President Vladimir Putin for the recent spike in America’s gas prices, but almost as many blame oil companies,…
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