World Bank COVID-19 Business Pulse Survey Dashboard, March 2022. Data cover 24 middle-and low-income countries. As of January 2021, 40 percent of surveyed businesses expected to be in arrears within six months, including more than 70% of firms in Nepal and the Philippines and over 60 percent of firms in Turkey and South Africa. Graphic: World Bank

The next global debt crisis is hiding in plain sight – With emergency debt moratoriums ending, vulnerable households and businesses confront loan repayments they can no longer afford

By Carmen Reinhart and Leora Klapper 2 May 2022 WASHINGTON (Project Syndicate) – When Russian tanks rolled into Ukraine, private-debt crises were probably already brewing—albeit hidden from view—in many parts of the world, as a result of the economic disruptions caused by the COVID-19 pandemic. Now, the war is pushing even more countries toward similar […]

California snow water content for 4 April 2022, percent of April 1 average. Graphic: California Department of Water Resources

California snowpack in “grim” condition, water resources say – “We’ve had the driest start to the year on record”

By Phil Mayer 29 April 2022 (KRON) – While there were some April showers in California this year, California Natural Resources Secretary Wade Crowfoot said Friday that what’s left of the Northern Sierra snowpack is “grim.” “The Department of Water Resources’ Snow Surveys and Water Supply Forecasting Unit conducted the final snow survey of the […]

Evolution of democracy by category, 2008-2021. The EIU Democracy Index score ranges from 0 to 10, with 10 being best. this chart shows what has happened to the average global score across the five categories of the index between 2008 — before the global financial crisis — and 2021. The categories that have recorded the biggest deterioration in global terms are civil liberties (-1.00 on a 0-10 scale) and electoral process and pluralism (-0.47). Suggesting a possible correlation, functioning of government and political culture both recorded a very similar decline in their average global scores (-0.38 and -0.37 respectively). Graphic: EIU

EIU Democracy Index reached all-time low in 2021 – Fewer than half (45.7 percent) of the world’s people now live in a democracy of some sort – “Another bad year for democracy”

By Chauncey Devega 2 May 2022 (Salon) – Global democracy is sick. In the United States, Donald Trump’s supporters in the Republican Party continue to steamroll the Democrats and other pro-democracy forces. To say that the latter have for the most part been hapless, uncoordinated and paralyzed by denial is not overstating the case.  Political scientists and […]

2m surface temperature over Asia on 30 April 2022. Pakistan temperatures soared up to a scorching 49C (120.2F), one of the hottest temperatures ever recorded on Earth in April. Graphic: Climate Reanalyzer

Pakistan and India suffer extreme spring heatwaves – “We are living in hell”

By Hannah Ellis-Petersen and Shah Meer Baloch 2 May 2022 DELHI and ISLAMABAD (The Guardian) – For the past few weeks, Nazeer Ahmed has been living in one of the hottest places on Earth. As a brutal heatwave has swept across India and Pakistan, his home in Turbat, in Pakistan’s Balochistan region, has been suffering […]

Vandals defaced Jewish gravestones with swastikas and anti-Semitic graffiti at a Jewish cemetery near Strasbourg in eastern France, 3 December 2019. Photo: AFP

Antisemitism rose dramatically in 2021 – “Right at the outset of the pandemic in 2020, conspiracy theories began to sprout around the world, blaming the Jews and Israel for spreading the virus”

27 April 2022 (BBC News) – The number of anti-Semitic incidents around the world dramatically increased last year, a study by Tel Aviv University has found. The report identifies the US, Canada, the UK, Germany, and Australia as among countries where there was a sharp rise. This was fuelled by radical left- and right-wing political […]

Estonian cargo vessel the Helt sinks off Odessa, Ukraine, 3 March 2022. Reports claimed the Helt was captured by Russian forces on 2 March 2022 and scuttled. Photo: Andrii Klymenko

Russia’s war destroys Ukraine’s economy, spurs global food and economic crisis – “The war in Ukraine can throw more than 1/5 of humanity into poverty, destitution, and hunger on a scale not seen in decades”

25 April 2022 (Euromaidan Press) – February 23 was an ordinary workday for the thousands of employees on two very different facilities: Chornobayivka chicken farm near Kherson and Azovstal, a giant steel mill in Mariupol. Now, after two months of the war, they are equally jobless due to the destruction of both enterprises: either by […]

Total COVID-19 cases and deaths in the United States, 30 April 2022. Data: COVID-19 Dashboard by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (JHU). Graphic: Johns Hopkins University

We weren’t supposed to get anywhere near 1 million COVID deaths in the U.S. Then we did.

By Nicholas Goldberg 18 April 2022 (Los Angeles Times) – At the start of the pandemic, in late March 2020, President Trump held a White House briefing at which his top advisors presented their official COVID-19 death projections. In somber tones, they forecasted that between 100,000 and 240,000 Americans would die from the disease if we followed […]

Fires burn and smoke pours into the night sky at the scene of an explosion at an illegal crude oil bunkering site at Abaezi forest, in Ohaji-Egbema Local Government Area of Imo state, Nigeria, 23 April 2022. More than 100 people lost their lives. Photo: REUTERS

“National disaster”: Blast at illegal Nigerian oil refinery kills more than 100 people – Nigerian President vows to clamp down on illegal refineries after “catastrophe”

YENAGAO, Nigeria, April 24 (Reuters) – Charred bodies were left scattered among burnt palms, cars and vans on Sunday after a weekend explosion which killed more than 100 people at an illegal oil refining depot on the border of Nigeria’s Rivers and Imo states. Flip flops, bags, and clothing belonging to those who died littered […]

U.S. soybean oil futures, U.N. FAO edible oils index, and Malaysia palm oil futures, 2002-2022. Global edible oil prices have soared to all-time highs in 2022 on supply shocks. Graphic: Refinitiv / Reuters

Indonesia bans palm oil exports as global food inflation spikes – “Sky would be the limit for edible oil prices now”

By Fransiska Nangoy 22 April 2022 JAKARTA (Reuters) – Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely […]

The bodies of cattle killed by devastating drought in Ethiopia, South Omo, 23 Feburary 2022. In the vast lowland part of the country in South Omo, communities have suffered high death rates among their cattle as a result of the severe drought. Photo: Michael Tewelde / WFP

Drought pushes up to 20 million people across horn of Africa closer to catastrophe each day – WFP has warned since 2021 that this drought will be disastrous without immediate action

NAIROBI, 19 April 2022 (WFP) – Desperately needed rains across the Horn of Africa have so far failed to materialise, almost a month into the current rainy season, and if these conditions continue, along with stagnant and even decreasing humanitarian aid, the number of hungry people due to drought could spiral from the currently estimated […]

Social media & sharing icons powered by UltimatelySocial