Wednesday, March 8, 2023
Monday, March 6, 2023
Forcast..
In the span of just a few days, the global economic outlook has darkened while troops battled in Ukraine and unexpectedly potent financial sanctions rocked Russia’s economy and threatened to further fuel worldwide inflation.
The sanctions were designed to avoid disrupting essential energy exports, which Europe relies on to heat homes. That did not erase, a surge in energy prices caused by war and anxieties about disruptions in the flow of oil and gas.
Worries about shortages also pushed up the price of some grains and metals, which would inflict higher costs on consumers and businesses. Russia and Ukraine are also large exporters of wheat and corn, as well as essential metals, like palladium, aluminum and nickel, that are used in everything from mobile phones to automobiles.
Inflation was already a concern, running in the United States at the highest it has been since the 1980s. Now questions about how much more inflation might rise and how the Federal Reserve and other central banks respond.
Patricia Cohen, based in London, covers the world economy.3/232022.
Sanctions..
The Biden administration is targeting the latest munitions in Russia’s war in Ukraine: coffee makers, toasters, air conditioner units, hair dryers and microwaves.
Those common household items contain microchips and other components that Russia has used to repair and replace military equipment, U.S. officials say.
The administration rolled out a slate of new rules seeking to cut off Moscow’s access to even low-level microchips found in basic electronics.
In the start of the war, the U.S. rallied a group of 36 countries to coordinate so-called export controls that prevented Moscow from procuring advanced microchips and software that could feed its war machine.
The sanctions enacted by the west on Russia has backed fired on poor countries, and the west and created unnecessary inflation due to energy restriction.
Just a thought.
Short..
People who are relatively short and those who wish to be taller tend to have more “Dark Triad” traits, according to new research published in Personality and Individual Differences.
The findings suggest that short individuals may engage in antagonistic behaviors in an attempt to offset their height disadvantage.
The Dark Triad refers to a set of three related personality traits: Psychopathy, Narcissism, and Machiavellianism.
Psychopathy is characterized by a lack of empathy and remorse, impulsivity, and a disregard for social norms and rules.
Narcissism is characterized by an inflated sense of self-importance, entitlement, and a need for admiration.
Machiavellianism refers to a tendency to be manipulative, cynical, and lacking in morality.
Attitude..
Lori Lightfoot rode into the Chicago mayor’s office in 2019 as a reform candidate, offering a break from the city’s clubby political scene while making history as the first Black woman and first out gay person to hold the office as she won all 50 wards.
Four years later, the Second City’s voters demonstrated how drastically its political dynamics have shifted when Lightfoot on Tuesday failed to finish in the top two and advance to the April runoff.
Chicago is now the third major city in recent years with a mayoral election that will test attitudes – among a heavily Democratic electorate – toward crime and policing. Just a thought.
Tension..
A US Navy reconnaissance jet flew over the Taiwan Strait on Monday, in a maneuver intended to assert the right to operate in international airspace despite strong objections from the Chinese military.
The US 7th Fleet said the flight of the P-8A Poseidon over the waterway that separates China and Taiwan was conducted in accordance with international law, demonstrating "the United States' commitment to a free and open Indo-Pacific."
A spokesman for China's Eastern Theater Command of the People's Liberation Army, Army Senior Col. Shi Yi, accused Washington of hyping the flight and inflaming tensions.
The US flight "has deliberately disrupted the regional situation and jeopardized the peace and stability across the Taiwan Strait," Shi said in a report on the PLA's English language website.
That allegation was amplified in Chinese state media, with a story in the nationalist state-run tabloid Global Times claiming the flight of the US Navy antisubmarine warfare and surveillance jet was "just another provocation aimed at stirring up troubles. Just a thought.
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