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Markets have not distinguished themselves in anticipating European economic crises. In late 2009, on the eve of the Greek sovereign debt crisis, Greek government bonds traded with a yield that was barely above that of German government bonds. A year later, the Greek sovereign debt crisis shook U.S. and world financial markets and Greece eventually…
If the U.S. House of Representatives ever decides to do useful work again, one of its top priorities should be an overhaul of federal disaster relief. The government is not prepared to cope with what climate change is throwing at us. Neither are the millions of Americans living in disaster-prone places. That’s the conclusion of…
The streets of New York City were a hive of activity last week, with global leaders ending a summer of record-breaking heat, floods and wildfires with a trip to New York for Climate Week and the United Nations General Assembly. But as many important discussions as there were about energy and fossil fuels, one topic…
Former President Trump on Friday acknowledged the retirement of billionaire Rupert Murdoch, the outgoing head of Fox and News Corp. — and the media tycoon who Trump has been feuding with for months as he looks to reclaim the White House in 2024. Trump used the news to go after another political foe on the…
While the current economic impact of a targeted strike by the United Auto Workers (UAW) is limited, the threat of a full walkout looms over contract negotiations with auto giants Ford, General Motors and Stellantis. Right now, that threat is hard to quantify — any estimate will depend on the length of the strike and…
Hurricane Lee was downsized to a post-tropical cyclone on Saturday as it nears New England and Canada. The storm transitioned to a cyclone early Saturday morning and is expected to make landfall later today. High winds with maximum strength of 80 mph are still expected, the National Hurricane Center (NHC) said. Coastal flooding and heavy…
A notable portion of healthy eaters have their good diets canceled out by frequent or low quality snacks, according to a new study in the European Journal of Nutrition released Friday. The study looked at a group of frequent snackers in the U.K., mostly women, who kept otherwise healthy diets. It found that about a…
As the summer sizzle begins to simmer, the Supreme Court is warming up to potentially tackle climate change — a global concern demanding careful consideration. State and local governments across the nation are taking energy companies to court, often seeking billions in damages for their purported roles in climate change. This summer, Multnomah County, Oregon,…
Russia’s Central Election Commission said Monday the country’s ruling party has won the most votes in elections in occupied Ukrainian regions, elections that Kyiv and international observers dismiss as complete shams. The voting for Russian-installed legislatures in the Donetsk, Luhansk, Kherson and Zaporizhzhia regions and on the Crimean Peninsula began last week and ended on…
Rep. Michael McCaul (R-Texas.), the chairman of the House Foreign Affairs committee, said on Sunday that his panel wants to talk with current and former members of the Biden administration, including former White House press secretary Jen Psaki, about the bombing that killed 13 service members during the U.S. withdrawal from Afghanistan in 2021. “Yes,…