Day: August 10, 2023

Russian flags wave in Niger as anti-democratic military call for Wagner Group

In the midst of an anti-democratic military coup against the pro-Western leader of Niger, the country’s population appears to be throwing its support behind . The country, located in the western Sahel region of Africa, has become a flashpoint for geopolitical tension between pro-Russian, -affiliated neighbouring nations and their democratic counterparts nearby. The former French…

At least 9 dead in ‘violent’ fire at French vacation home for people with disabilities

Nine bodies have been found and two more people are feared dead after a fire erupted at a vacation home hosting adults with disabilities in France on Wednesday, local officials said. The fire broke out around 6:30 a.m. local time (12:30 a.m. ET) at the private cottage in La Forge in Wintzenheim, near the German…

What are greedflation and wageflation?

We’ve heard a lot about inflation in recent years, but we might not be as familiar with two terms that describe phenomena that could be partly driving it: greedflation and wageflation. “When inflation took off in 2021 in the U.S., so did corporate profits,” said The Wall Street Journal. This raised some eyebrows. But just as profit…

Is Florida’s new PragerU partnership a fluke, or a sign of things to come?

Republican governor and presidential aspirant Ron DeSantis has made little secret of his political ambitions to turn Florida — and by extension, the whole of the United States — into the place where, in his words “woke goes to die.” DeSantis’ philosophy of aggressive culture war provocation has made his state the political ground zero…

10 things you need to know today: July 22, 2023

1 Alabama defies Supreme Court order for additional majority-Black district Alabama lawmakers on Friday approved a redrawn map that carved out just one majority-Black congressional district in the state, despite a ruling from the Supreme Court stating that Alabama had to draw at least two majority-Black districts. The new map, helmed by the Republican supermajority in the…

Is America still credit-worthy?

America just saw its credit rating drop. The Associated Press reported that Fitch Ratings downgraded the U.S. debt rating from AAA to AA. That was “a move that spurred debate in Washington about spending and tax policies.” Fitch said the government’s rising debt burden and the country’s increasingly ugly political fights — including factors like…

World’s reduced thirst for oil may be foiled by developing countries’ challenges

The International Energy Agency (IEA) predicted last month that the demand for energy is nearing its peak in 2026 for transport uses and 2028 for other uses. However, the fate of the world’s oil demands largely rests on the economies of developing countries. What are the prospects for oil demand? An IEA medium-term report released this year…