The House returns to Washington on Tuesday facing heightened urgency to move more military help for Ukraine but with no formal deadline — and no clear strategy — for getting it passed. The lower chamber is scheduled to be in session for only four days before a two-week holiday recess, and Kyiv’s supporters, including top Democrats… […]
Posts Tagged ‘crunch’
Silicon Valley Bank Crisis: The Liquidity Crunch We Predicted Has Now Begun
By Brandon Smith There has been an avalanche of information and numerous theories circulating the past few days about the fate of a bank in California know as SVB (Silicon Valley Bank). SVB was the 16th largest bank in the US until it abruptly failed and went into insolvency on March 10th. The impetus for the […]
Egypt orders ministries to curb spending amid foreign currency crunch
Egypt's government has instructed ministries to cut non-essential spending until the end of the fiscal year in June as it tries to cope with continuing pressure on its currency and rising inflation, Reuters reports. The decision, dated 4 January and published in the official gazette this week, includes the postponement of any new national project heavily […]
Week after Biden-Putin meeting, crunch time is coming
Mirage-2000 over Black Sea on Dec. 8, as NATO spy planes crowd Russia’s borders. Russian Defence Ministry daily Krasnaya Zvezda said on Dec 13 radars have tracked over 40 aircraft conducting reconnaissance near Russia’s borders over past week. Russia is reiterating its ‘red lines’ seeking long-term legal guarantees against NATO’s further advancement to the east […]
China’s Power Crunch to Fuel Christmas Price Increase of Up to 15 Percent in US, Economist Warns
News Analysis More than half of China’s provinces have issued local power restrictions since September. The resulting widespread power outages and cuts under Beijing’s new energy policies will likely fuel global inflation by 0.5 to 1 percent, and drive a price increase of 10 to 15 percent in the United States over the Christmas season on […]
Along with row over its next head, Yad Vashem faces cash crunch due to pandemic
Israel’s famed Yad Vashem Holocaust memorial and research center is facing dire financial straits because of the double hit of Israel’s ongoing political deadlock and the pandemic, which have frozen government funding and dried up revenues from visitors. The museum says it hopes to finish the 2020 fiscal year with a balanced budget by instituting […]
Supreme Court of Philippines Confirms Genetically Modified (GM) Eggplant Ban
The Philippines Supreme Court permanently halted the field testing for genetically modified eggplant, Bt (Bacillus thuringiensis), upholding the decision of the Court of Appeals (CA) which stopped the field trials for the GM plant. Not only did the High Court deny the petition to continue cultivation of the GM eggplant, but the appeals court’s May 2013 decision was also amended. […]