Crisis
Effective Monday (Dec 5, 2022), the West has slapped a price cap on Russian oil at US$60 per barrel. Designed by the Group of Seven (G7) to limit Moscow’s revenues from oil exports so that it would cripple its ability to finance the ongoing Ukraine War, the price cap means Russia can export crude oil […]
... written on Dec 06 2022After the U.S. and Europe imposed sanctions on Russia over Ukraine invasion, it triggered a massive devaluation of the country’s currency – ruble. Russians lined up at ATMs to withdraw their money. The Bank of Russia immediately hiked the interest rates to 20% to slow the withdrawal, as the ruble plunged 30% against the US […]
... written on Nov 30 2022Anwar Ibrahim was extraordinary calm – even joyful – when he told an army of reporters yesterday (Nov 23) that he was going out to watch a movie (“tengok wayang”). Enjoying popcorn himself, he then proceeded to distribute more popcorn to reporters who waited outside his office. The media thought it was a joke, but […]
... written on Nov 24 2022As Russian forces fired at least 85 missiles across Ukrainian cities, a missile hit the village of Przewodów, Poland, killing 2 people and forced Biden to convene an emergency meeting on the final day of the Group of 20 (G-20) meeting in Indonesia. The U.S. president, who was awakened overnight by staff with the news […]
... written on Nov 16 2022Wee Ka Siong, MCA president and Transport Minister, was nowhere to be found when the service of Light Rail Trains (LRT) was crippled on Tuesday (Nov 8). The worst service interruption in the history of LRT since its operations started in 1996 had knocked out 16 stations. As chaos erupted in the Klang Valley, transport […]
... written on Nov 11 2022She used to talk big during the contest for the job. Wannabe Prime Minister Liz Truss said that she was ready to use nuclear weapons, even though it would mean global annihilation, winning applause from Tory party members. She was, of course, trying to project strength when challenged with a hypothetical situation facing Russia’s threat […]
... written on Oct 22 2022Some 6,000 Chinese nationals had returned to China in March after Beijing started a large-scale evacuation in Ukraine following Russia “special military operation” on February 24. The evacuation was triggered based on safety concerns as a result of increasing hostility from angry Ukrainians, who were targeting Chinese citizens due to China-Russia friendship. The Chinese […]
... written on Oct 19 2022Senile President Joe Biden still believes the economy is still in good shape and there isn’t any inflation. But the more the U.S. in denial, the longer the inflation rate is plaguing the country. The latest CPI (consumer price index) is out, and it’s horrible. The September inflation is 8.2%, up 0.4% from a year […]
... written on Oct 13 2022In 2018, Donald Trump attacked Germany, Europe’s largest economy and one of NATO’s most important members. The U.S. president warned that the country was making a big mistake in totally dependent on Russian energy. Trump’s speech at the United Nations was laughed by Germany’s UN delegation. Today, Western media are mocking and laughing at Germany’s […]
... written on Oct 12 2022On Wednesday (Oct 5), gas prices hit record highs in many parts of California. In some southern California locations, gasoline spiked to more than US$8.00 per gallon. Statewide, prices reached US$6.42 per gallon – nearly US$3 higher than the national average of US$3.83. While the blames are on regional refinery outages and Ukraine War, something else happened that […]
... written on Oct 07 2022
