Venezuela is swept by economic chaos as new crypto-currency “scam” takes effect – Bolívar devalued by 95 percent

By Rachelle Krygier and Anthony Faiola 21 August 2018 CARACAS, Venezuela (The Washington Post) – Many Venezuelans rejected an opposition call for a national strike on Tuesday, warily going to work even as sweeping government measures aimed at curbing ­hyperinflation caused mounting confusion.With inflation hurtling toward 1 million percent and hunger spreading nationwide, President Nicolás […]

Frank Rich: In 2008, America stopped believing in the American Dream

By Frank Rich 6 August 2018 (New York Magazine– If you were standing in the smoldering ashes of 9/11 trying to peer into the future, you might have been overjoyed to discover this happy snapshot of 2018: There has been no subsequent major terrorist attack on America from Al Qaeda or its heirs. American troops […]

Puerto Rico government acknowledges hurricane death toll of 1,427 people

By Frances Robles 9 August 2018 SAN JUAN, P.R. (The New York Times) – The government of Puerto Rico has quietly acknowledged in a report posted online that in all likelihood more than 1,400 people died in the aftermath of Hurricane Maria — a figure that is more than 20 times the official death toll.Hurricane […]

Drought-related stress hits young farmers in Australia hardest

By Cate Swannell 30 July 2018 (MJA) – Farmers who are under 35 years of age, both live and work on a farm, are experiencing greater financial hardship, and are in outer regional, remote, or very remote New South Wales, more frequently report personal drought-related stress (PDS), according to research published by the Medical Journal […]

The end of the global housing boom – After a years-long surge in global capitals, property prices are starting to head lower

31 July 2018 (Bloomberg News) – From London to Sydney and Beijing to New York, house prices in some of the world’s most sought-after cities are heading south. Tax changes to damp demand, values out of kilter with affordability and tougher lending standards have combined to undermine the market. That could have wider implications because […]

The worst drug crisis in American history – “The opioid epidemic didn’t have to happen. It was a human-made disaster, predictable and tremendously lucrative.”

By Jessica Bruder 31 July 2018 (The New York Times) – In 2000, a doctor in the tiny town of St. Charles, Va., began writing alarmed letters to Purdue Pharma, the manufacturer of OxyContin. The drug had come to market four years earlier and Art Van Zee had watched it ravage the state’s poorest county, […]

Laos dam disaster leaves 24 dead, scores missing – Dam failure exposes cracks in secretive government’s agenda

By Mike Ives 29 July 2018 ATTAPEU, Laos (The New York Times) – As heavy rains lashed southern Laos over the weekend, volunteers from many countries were continuing to help victims of earlier flooding caused by the failure of a foreign-funded hydropower dam.“It shows the spirit of humanity,” Yen Saisamon, a 17-year-old Laotian volunteer, said […]

Venezuela heading for 1,000,000 percent inflation, says IMF – The worsening crisis “will lead to intensifying spillover effects on neighbouring countries”

By Gideon Long 24 July 2018 Bogotá (Financial Times) – Inflation in Venezuela this year is likely to hit levels seen in the Weimar Republic in Germany in the 1920s and Zimbabwe a decade ago as the government continues to pump out bank notes in response to its deepening economic crisis, the International Monetary Fund […]

In Mexico town with little water, Coca-Cola is everywhere. So is diabetes. “It doesn’t rain like it used to. Almost every day, day and night, it used to rain.”

By Oscar Lopez and Andrew Jacobs 14 July 2018 SAN CRISTÓBAL DE LAS CASAS, Mexico (The New York Times) – Maria del Carmen Abadía lives in one of Mexico’s rainiest regions, but she has running water only once every two days. When it does trickle from her tap, the water is so heavily chlorinated, she […]

As inequality grows, so does the political influence of the rich

21 July 2018 (The Economist) – Squeezing the top one percent ought to be the most natural thing in the world for politicians seeking to please the masses. Yet, with few exceptions, today’s populist insurgents are more concerned with immigration and sovereignty than with the top rate of income tax. This disconnect may be more […]

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