Thursday, May 12, 2022
Schadenfreude..
President Biden said he expected the Russian stock market to blow up the second it reopens in response to crippling sanctions that have been imposed on the country in response to its invasion of Ukraine.
“You know what the value of a ruble versus a dollar? You need 200 rubles to equal $1 today. 200,” Biden boasted to a conference of House Democrats in Philadelphia. “The totality of our economic sanctions and controls are crushing, crushing the Russian economy,”
Some people enjoy the pain of others simply because it helps them feel better about themselves, a form of schadenfreude powered by 'self-evaluation'. Others revel in the misfortune of those they consider of a different social group to their own.
US Market is blowing up every time it opens as we speak-Nap.
Just a "schadenfreude" thought.
Reaction..
Russia is one of the largest oil exporters on the planet. In December it sent nearly 8 million barrels of oil and other petroleum products to global markets, 5 million of them as crude oil.
Very little of that went to the United States. In 2021 Europe got 60% of the oil and 20% went to China. But oil is priced on global commodity markets, so the loss of Russian oil affects prices around the globe no matter where it is used.
The concerns about disrupting global markets led Western nations to initially exempt Russian oil and natural gas from the sanctions they put in place to protest the invasion.
But in March the United States announced a formal ban on all Russian energy imports. The UK government, too, said it will phase out Russian oil imports by the end of 2022 and also explore ways to end natural gas imports. And Germany announced earlier this month it will support an EU ban on Russian oil. Russia's oil is slowly and steadily being removed from global markets.
So it is not the War that caused much trouble to the rest of the world, it is the Sanctions US imposed or our misguided and deliberate reactions to extend the war. Just a thought.
War and Peace..
But we can't resist entering into every war we can enter in with no discussion or hesitation. On the other hand when things come to families, and family related issues, the discussion lasts for ever.
Happy Mother's day.
Ain't..
The rising costs of housing, food and other necessities are big drivers of inflation, and they fall especially hard on lower-income Americans, posing a growing challenge for President Biden and the nation's top economic policymakers.
A report from the Labor Department Wednesday shows consumer prices in April were 8.3% higher than a year earlier. That's a modest decrease from the March inflation rate of 8.5%,
"Typically food and gasoline and housing are a bigger share of total spending for lower-income households than for higher-income households," says Dan Sichel, an economist at Wellesley College.
Much attention has been rightfully devoted to bigoted comments former Vice President Joe Biden made during his interview with “The Breakfast Club” when he had the audacity to say "Well I tell you what, If you have a problem figuring out whether you're for me or Trump, then you ain't black."
Just an " Ain't Black" thought.
Wednesday, May 11, 2022
Truth..
So, as we head into Christmas weekend, I want to answer your questions about the rising number of COVID cases — COVID-19 cases.
Tens of millions have gotten sick, and we’ve all experienced an upheaval in our lives.
But while COVID has been a tough adversary, we’ve shown that we’re tougher — tougher because we have the power of science and vaccines that prevent illness and save lives, and tougher because of our resolve.
I promised when I got elected that I’d always give it to you straight from the shoulder — the good, the bad, the truth.
We are waiting to get it straight from the shoulder. There are more bad than ever, a corrupted truth to blame everyone else. Just a thought.
Gimmick..
Subscribe to:
Comments (Atom)