The high-wire act over the debt ceiling in Washington has come to a successful conclusion. However, the financial system in the United States now faces a new test. The US Treasury is expected to borrow nearly $1tn in the form of short-dated Treasury bills in the next few months to replenish its cash balance. The … Read more
Michael Pettis, a senior fellow at the Carnegie-China centre, challenges the claim that the US dollar is just another reserve currency that will eventually be replaced by one or more currencies. He argues that the role of the US dollar in the global trade and capital flows is unique due to the unprecedented role played … Read more
The recent announcement ending the civil war in professional golf could benefit the Trump family business by potentially allowing major tournaments to continue being held at Trump-owned courses in the US and even overseas. This development, stemming from the close relationship between former President Donald J. Trump and Saudi Arabia, has garnered some criticism due … Read more
The Kakhovka dam was destroyed in the ongoing war, an act that ranks among the most heinous of Russian attacks. While it cannot be conclusively proven that Russia was responsible for this catastrophe, it is clear that they stood to gain far more than Ukraine. Unless evidence to the contrary arises, the destruction of the … Read more
Marks & Spencer has decided to remove use-by dates from their milk and will instead use best before dates, encouraging customers to rely on a sniff test to determine if their milk has gone sour. The change is an effort to reduce waste, as around 490 million pints of milk, worth £270 million, are wasted … Read more
Hotels.com revealed that unusual room service requests made at hotels listed on the website include “diet water” and melted ice cream. Photo by bottlein/Pixabay.com Subscribe | UPI Odd Newsletter June 7 (UPI) — Hotels.com recently published its Room Service Report, analyzing room service trends and revealing bizarre requests made by guests, such as “diet water”, … Read more
Foreign Affairs Minister Melanie Joly has promised a plan to reboot Canada’s foreign service by this fall that will ensure diplomats have a better grasp of the languages and topics relevant to their postings. This move comes in response to new conflicts, climate change, and rising authoritarianism, as well as a series of embarrassing incidents … Read more
When it comes to buying a home now, there are plenty of challenges. But homeownership can be a great way to build wealth and to maintain housing stability, said Kamila Elliott, a certified financial planner and co-founder and CEO of Collective Wealth Partners, a boutique advisory firm in Atlanta. Achieving that goal now can be challenging, with … Read more
The author of ‘Black Wave’ discusses the current political climate in relation to past events. In 1990, Saddam Hussein invaded Kuwait and faced sanctions from the international community. This led to Operation Desert Storm, which liberated Kuwait. The Saudis and the Iranians announced they were resuming diplomatic ties soon after. The Taliban took over in … Read more
Home security camera systems like Amazon Ring and Google Nest, while intended to provide protection to households, can leave users vulnerable to hackers or even company employees. These cameras are typically placed outside homes to record live footage of who is approaching the premises, but if not secured properly, they could allow criminals to snoop … Read more