The presence of a Russian military flotilla passing by South Florida and conducting military exercises just miles from the coast is evoking for some the 13 days of white-knuckle tension in October 1962 when the Soviet Union placed nuclear weapons in Cuba, right at the doorstep of the United States. What become known as the […]
Tag: crisis
Myanmar’s economy in crisis as civil strife disrupts trade and livelihoods
BANGKOK (AP) — Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods. World Bank economists estimate the country’s economy grew at a 1% annual pace in the year that ended in March, more slowly than earlier expected, according to a report i ssued […]
Ex-Newberg superintendent returns during money crisis
NEWBERG, Ore. (KOIN) — As the Newberg School District reels from an unexpected budget hole this year and a significant budget shortfall for next year, Superintendent Dr. Stephen Phillips will be on leave for at least the next few months. But at a meeting Tuesday night, the board announced former Newberg Superintendent Dr. Paula Radich […]
Berkley leads mayoral race, discusses housing crisis across Las Vegas
LAS VEGAS (KLAS) – Soon after the polls closed on Tuesday evening mayoral candidate Shelley Berkley started out leading the race coming in with 38% of the vote and Victoria Seaman with 27% of the vote. “I’m thrilled and very appreciative to all of the voters that cast their vote, not only for me but […]
US supreme court in ‘crisis of legitimacy’ says AOC at House oversight hearing
The US supreme court has been “captured and corrupted by money and extremism”, provoking a “crisis of legitimacy” that threatens the stability of American democracy, warned the representative Alexandria Ocasio-Cortez. Speaking during a round table on Capitol Hill, the New York Democrat accused the court of “delegitimizing itself through its conduct”. In the two years […]
Toyota’s Certification Crisis Extends Beyond Japan, Could Impact EU Operations
Toyota’s Certification Crisis Extends Beyond Japan, Could Impact EU Operations Toyota Motor Corp. (NYSE:TM) has been found to have discrepancies in its vehicle certifications that also conflict with United Nations standards, a key set of regulations adhered to by 62 countries and regions, including the European Union. The implications of these findings could potentially extend […]
The world’s largest displacement crisis is being underfunded and ignored
Insights from Sudan Tribune, Foreign Policy, and El País The News The number of people internally displaced in Sudan could soon hit 10 million, the United Nations’ migration agency said on Friday. Fighting between the Rapid Support Forces paramilitary group and the Sudanese army broke out in April 2023, and quickly spread across the country, […]
How the world’s richest nation is solving its housing crisis
The near-completed Mareterra district will be the equivalent of tacking another Devon-sized county on to the British coast – Mareterra Solving a housing crisis in the world’s richest nation per capita doesn’t come cheap. Apartments in Monaco routinely sell for €5,000 (£4,230) per sq ft; a studio apartment will easily go for €2m. Prices have […]
Olaf Scholz has been humiliated – and Germany is now in crisis
As the provisional results for the European election came in on Sunday, the shock to the German system ran deep. All three parties of the ruling coalition haemorrhaged votes with the Greens plummeting particularly low. Anti-establishment parties made gains. The far-right achieved record results. With regional elections in the autumn and federal elections next year, […]
The housing market crisis shows that the tool the Fed is using to lower inflation is doing the exact opposite, former White House adviser says
The Federal Reserve’s rate hikes have helped slow overall prices, but they are also keeping inflation sticky because of the way homeownership costs factor into key metrics, according to housing expert Jim Parrott and Mark Zandi, chief economist at Moody’s Analytics. In a Washington Post op-ed on Thursday, they urged the Fed to “declare victory” […]
Sudan may become ‘world’s largest humanitarian crisis,’ McCain warns
World Food Programme (WFP) Executive Director Cindy McCain warned Sunday of the worsening humanitarian crisis in Sudan. In an interview on CBS News’s “Face the Nation,” McCain stressed the importance of “safe and unfettered access” for the organization to deliver food to the war-torn country. “Sudan has the real possibility of becoming the world’s largest […]
Norfolk has an affordable housing crisis. Advocates say a new city funding program could help.
Norfolk resident Sabrina Whaff acutely feels the effects of the city’s affordable housing crisis. Whaff, 55, works two jobs to be able to afford rent at her apartment off Lafayette Boulevard. Whaff said her neighborhood has issues with drugs and gun violence. She’s also dealing with flooding issues that bring stormwater to her front door. […]