Although the dollar is in decline, the U.S. Federal Reserve’s policy of cheap money and easy borrowing has strengthened the dollar’s dominance in the world economy even as China and Russia have sought to weaken it. As of 23 October, global entities from Nissan Motor Co. to Manila’s waterworks had sold $1.29 trillion in dollar-denominated...
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WITH RIDERSHIP PLUMMETING, MASS TRANSIT SYSTEMS MAY SOON GRIND TO A HALT
Prior to the declaration of the COVID War, America’s mass transit systems were falling into disrepair. Last spring, the once-gradual decline of America’s mass transit systems was accelerated to near warp-speed by political lockdowns. Many systems that slowly had been losing riders suddenly experienced a decimation in ridership almost overnight. Ben Fried of Transit Center,...
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THAI PROTESTERS VOW TO RETURN
Pro-democracy protesters in Thailand vowed last Saturday to not be deterred after Prime Minister Prayuth Chan-ocha disregarded their demand that he resign by 10 PM that night or face renewed protests in the heart of Bangkok. The Japan Times reported protesters also demanded the release of others who have been arrested during the months of protests,...
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ARMENIAN-AZERI PEACE DEAL BROKEN
U.S. Secretary of State Mike Pompeo met with leaders from Armenia and Azerbaijan last Friday to calm the boiling tension in the region over the Nagorno-Karabakh conflict. The Associated Press reported the U.S.’s top diplomat met with the foreign ministers of the neighboring countries in Washington, D.C. He aimed to get the leaders to agree to...
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NIGERIAN PROTESTS ATTRACT INTERNATIONAL ATTENTION
The weeks-long protests that have broken out in the Nigerian city of Lagos, the most populous city in the African continent, have sparked international condemnation and vows from local police to get the situation under control by employing all means necessary. The protests, which have been violent at times, are focused on police brutality. These...
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DIABETICS MORE AT RISK: TOP RUSSIAN OFFICIAL SAYS
A top Russian official said last week that COVID-19 is especially dangerous for those who suffer from diabetes and pointed to statistics showing these patients are 10.3 times more likely to come down with the virus. “In patients with diabetes, Covid-19 infection is 10.3 times more common,” Russian Deputy Prime Minister Tatyana Golikova said, according...
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“SECOND WAVE” IN EUROPE CONSIDERED LESS FATAL
Despite that the number of Europeans being diagnosed with the virus continues to surge, the amount of people dying from the disease is rising at a much slower pace, which is seen as a positive sign. According to a recent report in the Financial Times, there are several reasons the virus now seems to be...
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PENSIONS HIT HARD BY OUTBREAK
The COVID outbreak and its devastating effect on the world economy is expected to have a long-term effect on billions of retirements in the decades to come. Dr. David Knox, Senior Partner at Mercer Retirement Consulting, told the Financial Times last week that the economic recession brought on by the COVID outbreak “has led to reduced pension...