Belgian Prime Minister Alexander De Croo might have spilled the beans about the duration of Europe’s energy crisis. He told reporters Monday, “the next 5 to 10 winters will be difficult.” “The development of the situation is very difficult throughout Europe,” De Croo told Belgium broadcaster VRT.
Belgium PM: “Next 5-10 Winters Will Be Difficult” As Energy Crisis Persists
Tag: recessions
New U.K. PM Liz Truss Has “Extreme Neoliberal” Anti-Labor, Anti-Environment Record
The United Kingdom’s Conservative Party has voted for Liz Truss to become its new leader, replacing Boris Johnson and making her Britain’s next prime minister. Truss served as foreign secretary under Johnson and has a record of “extreme neoliberal policies,” says British journalist George Monbiot. These include supporting tax cuts for the wealthy, deregulating the fossil fuel industry and refusing to regulate agricultural pollution. Monbiot also warns Truss will undermine the country’s model public health system and labor rights for organizing workers.
New U.K. PM Liz Truss Has “Extreme Neoliberal” Anti-Labor, Anti-Environment Record
Oil price jumps near $90 after OPEC+ surprises with token supply cut
Oil surged at the start of the week as OPEC+ unexpectedly decided to cut output in October.
Oil price jumps near $90 after OPEC+ surprises with token supply cut
The US Played Gorbachev for a Fool
Rahul Gandhi – The Most Establishment Populist, protests rising prices, lack of jobs
Rahul Gandhi – The Most Establishment Populist
This ambitious attempt to reconnect with the masses fails to take into account what Gandhi himself acknowledged in London: that the INC was central to building the structures that it now claims have been captured by the BJP and RSS. Gandhi also ignores that the INC [Indian National Congress] itself was central to corrupting these structures.
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Banerjee’s criticism gets to the heart of the problem that Gandhi faces with the Bharat Jodo Yatra. Looking to the people of India for support to oppose the BJP makes sense, it will indeed take a large supporter base to remove the BJP and release its grip from the tools of power. The INC and Gandhi, however, cannot expect to build such a support base on an anti-corruption and anti-state capture march. As Gandhi himself acknowledged, the INC was central to putting in place the structures of independent India. What he fails to recognize, or acknowledge, is that the INC also has its own very real and recent history of exploiting these very same structures, whether to suspend the rule of law and hold on to power or simply to extract wealth while in power. In the multiparty contest to dethrone Modi, the INC cannot easily pivot from embodying the Indian state itself to campaigning on a populist charge to oppose the deep state.
Related:
India’s main opposition protests rising prices, lack of jobs
BY ASSOCIATED PRESS
NEW DELHI (AP) — Thousands of Indians rallied on Sunday under key opposition Congress party leader Rahul Gandhi, who made a scathing attack on Prime Minister Narendra Modi’s government over soaring unemployment and rising food and fuel prices in the country.
Notes for Self:
Read More »Explained: Why the EU, NATO were in the crosshairs of a huge protest in the Czech capital
Over 70,000 citizens of the Czech Republic gathered at the heart of the nation’s capital Prague in a protest against their government’s failure to control soaring energy prices. The protesters also openly voiced their anger against NATO and the European Union.
Explained: Why the EU, NATO were in the crosshairs of a huge protest in the Czech capital
US, Allies Agree To Implement Russian Oil Price Cap Plan
US, Allies Agree To Implement Russian Oil Price Cap Plan
If Russia responds to the attempted price cap by cutting oil production [they already have], experts have warned prices could skyrocket. In the worst-case scenario, analysts at JPMorgan Chase said oil could shoot up to a “stratospheric” $380 per barrel. Oil prices are currently hovering around $100 per barrel.
How do higher oil prices prevent a worldwide recession?! Did the Biden Administration even think this through?! 🤯
Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”
The CEO and president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate business “if it comes with a level of unemployment that puts employers back in the driver seat and allows them to get all their employees back into the office.” The executive, Jordan Kaplan, then repeated that “the thought would be that unemployment would be up. And therefore, employers would be in the driver seat to bring people back in the office, which is where they want them.”
Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”
Biden to name a US military operation for Ukraine
By Kelley Beaucar Vlahos | Responsible Statecraft | August 26, 2022
Amid the news about the admin’s multi-year weapons investment, a general will be appointed for a separate command, too.
Two things that point to the notion that Washington is supporting a long war in Ukraine, and truly doesn’t think there will be a diplomatic solution or cessation of violence there anytime soon: one, the $3 billion in recently announced military transfers is a “multi-year military investment” including weapons that won’t be available via defense contractors for at least three years.
Biden to name a US military operation for Ukraine
U.S. Strategic Petroleum Reserve Falls To 35-Year Low as American crude heads overseas at a record pace
U.S. Strategic Petroleum Reserve Falls To 35-Year Low
According to the Institute of Energy Research, the SPR is expected to shrink to a 40-year low by the end of October, with inventories then at 358 million barrels, compared to 621 million barrels a year ago.
Related:
US oil exports to China and India jump as American crude heads overseas at a record pace
The only thing that climbed as high as gas prices earlier this year was the disapproval of US President Joe Biden 😂
Biden was wrongly blamed for rising gas prices. But he doesn’t deserve much credit for the drop
Ms. Cat’s Chronicles 
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