“Guess from where the U.N. World Food Programme sourced more than half of its supplies for the hungry across the globe in 2021? Yes, Ukraine.
When this “breadbasket of Europe” is knocked out of supply chains and aid networks, the world is going to feel it.
The war between Russia and Ukraine, both food-producing powerhouses, has already sent prices for cereals like wheat soaring and European governments scrambling to stabilize markets.”
“China promised to keep its stock markets stable and implement measures to boost its economy, according to a state-run media report of a meeting of the country’s financial stability and development committee. The committee also stressed that regulators should “actively introduce market-friendly policies.
Significantly for U.S. investors, the committee said China continues to support companies’ listing of shares overseas and has maintained “good communications” with U.S. regulators, with a cooperation plan in the works. That’s quite the development – just last week the Securities and Exchange Commission named five Chinese companies that could face delisting.
So what’s changed? The pressure on Chinese stocks had ramped up in the past week as regulatory concerns returned and surging Covid cases led Beijing to lock down millions of people. The country’s links to Russia also spooked investors as U.S. officials said the Russian government has asked China for military aid. If it did help Russia, sanctions would surely follow.”
https://www.yahoo.com/news/exclusive-secret-cia-training-program-in-ukraine-helped-kyiv-prepare-for-russian-invasion-090052743.html
“Facebook says changes Apple made that affect how ads work on iOS apps — namely, that it’s now much harder for app-makers and advertisers to track user behavior — will cost it $10 billion in revenue this year.
For context: Facebook is still making an enormous amount of money from advertising — analyst Michael Nathanson estimates the company will generate $129 billion in ad revenue in 2022. But that would mean its ad business will only grow about 12 percent this year, compared to a 36 percent increase the previous year. Wall Street has prized Facebook for its ability to grow at a rocket velocity, and now that rocket may be sputtering.”
“American intelligence officials have discovered that the barrage of ballistic missiles Russia has fired into Ukraine contain a surprise: decoys that trick air-defense radars and fool heat-seeking missiles.
The devices are each about 1 foot long, shaped like a dart and white with an orange tail, according to an American intelligence official. They are released by the Iskander-M short-range ballistic missiles that Russia is firing from mobile launchers across the border, the official said, when the missile senses that it has been targeted by air defense systems.
Each is packed with electronics and produces radio signals to jam or spoof enemy radars attempting to locate the Iskander-M, and contains a heat source to attract incoming missiles. The official, who was not authorized to speak publicly about intelligence matters, described the devices on the condition of anonymity.”
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“The devices are similar to Cold War decoys called “penetration aids,” the intelligence official said, that have accompanied nuclear warheads since the 1970s and were designed to evade anti-missile systems and allow individual warheads to reach their targets. The incorporation of the devices into weapons such as the Iskander-M that have conventional warheads has not been previously documented in military arsenals.”
https://www.vox.com/recode/22950633/cyberattacks-russia-ukraine-us-cyberwar
https://www.yahoo.com/finance/news/russias-finance-minister-admitted-country-035159374.html
“Biden has done nothing to halt oil leasing. In fact, the Biden administration has outpaced Trump in issuing drilling permits on public lands and water in its first year, according to federal data analyzed by the Center for Biological Diversity. His administration set a record for the largest offshore lease sale ever in the Gulf of Mexico last year, before a federal court blocked the lease sale for not considering climate impacts.
There was a temporary pause on new federal leases in the first few months of Biden’s administration when he placed a moratorium on them while the administration reviewed how to better integrate climate costs in lease sales. Meanwhile, the president has done nothing to prevent the vast amount of gas production that occurs on private lands or halt existing oil leases on federal lands. The moratorium is now irrelevant, anyway, because a Louisiana federal judge ruled against it last June. (There’s a second, temporary pause on new lease sales because another court invalidated the administration’s use of a social cost of carbon.) The US also became the world’s largest exporter of liquified natural gas (LNG) for the first time in 2021.
Clark Williams-Derry, an energy analyst with the Institute for Energy Economics and Financial Analysis, offered a reality check to those complaining that climate regulations have changed the fate of oil and gas. “The idea that the tiny marginal changes in US policy have anything to do with the big shifts we’ve seen in prices is just preposterous,” he told Vox. The marginal Biden measures — like reversing Trump-era environmental rollbacks — haven’t made any kind of dent in the global oil market.”
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“oil companies have made it clear in earnings calls with shareholders that they don’t plan to produce much more, anyway. Remember that just two years ago the industry was in a complete free fall when demand crashed because of the pandemic. Banks sought government bailouts for oil investments that went under, and oil prices actually hit negative levels as producers grew desperate for oil to be taken off their hands.”
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““If the president wants us to grow, I just don’t think the industry can grow anyway.’’ The largest US fracking companies reiterated in earnings calls in February that they intend to keep output roughly flat, according to reporting from the Wall Street Journal.
In other words, now that companies are making handsome profits, they’re using that extra cash to reward investors and pay down debts, not invest in new production.”
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“LNG exports don’t solve Europe’s or America’s energy challenges. In some ways, they exacerbate them.
To export gas to Europe, a facility first needs to convert it to liquified natural gas, which cools and pressurizes the methane so it can be shipped across continents. On the other end of the ocean, another facility must turn it back into gas for shipment via pipeline.
That’s a lot of infrastructure, which is impossible to scale up in enough time to make an impact on current prices. There’s one new LNG terminal that opened this year in Louisiana. On the European side, the LNG terminals are already at capacity. This isn’t going to help make up Russia’s supply of 40 percent of Europe’s gas either.
So it’s not particularly helpful or possible to boost exports to Europe, but it also wouldn’t help prices in the US.
Williams-Derry says that US exports of liquified natural gas have been the primary reason for climbing prices. In 2016, the US completed its first LNG export terminal in decades, which the gas industry hoped would alleviate a glut of natural gas that was keeping US gas prices too low for the industry’s liking.
“The reason we’re experiencing higher natural gas prices right now is we’re exporting more,” Williams-Derry said last week. “It’s not that we’re consuming more. It’s not that we’re producing less. It’s that we’re exporting.””
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“LNG will always be the more expensive option because of its processing and transport. “By locking yourself into a gas-powered future, you’re locking in higher costs for the long haul,” Williams-Derry said. “There’s not a good alternative to Russian gas if you want to have inexpensive gas in Europe.”
“If you’re going to double down on gas, essentially, you’re doubling down on Russia,” Williams-Derry added.”
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“The biggest risk is if the US and Europe respond to this crisis by over-investing in the future of fossil fuels. Actions like building LNG terminals and approving new leasing don’t help in the short term when people are struggling to pay high bills. It doesn’t achieve energy independence. But it would lock the world onto a dangerous path for climate change.”
“the overuse of antibiotics, whether in human patients or in livestock, results in bacteria adapting to the drugs, leading them to become less effective over time. If the pace of resistance isn’t halted — whether through more judicious use of the drugs or through the development of new classes of antibiotics — it will likely lead to soaring deaths from common infections and surgical complications, sending us back to a world where a minor cut could potentially once again be lethal.
We can avoid this fate, but it will require coordinating a global response before it’s too late.”