“It’s Going To Get Truly Horrific”: Gas, Electricity Bills In Europe Could Jump To 4.5% Of Disposable Income In 2023

Advertisements
“It’s Going To Get Truly Horrific”: Gas, Electricity Bills In Europe Could Jump To 4.5% Of Disposable Income In 2023
By Charles Kennedy of OilPrice.com

The higher the energy bills in Europe become, the higher the chances are for a windfall tax on energy companies and utilities, as governments will be forced to ease the growing pressure on household finances, Citigroup says.

Europe as a whole could see a utility bill rise of over 3 percent of gross domestic product (GDP) through 2024, Citigroup Global Markets analysts Piotr Dzieciolowski, Jenny Ping, and Antonella Bianchessi wrote in a note on

Read more

Russian Soldier Handed Life Sentence In Ukraine’s First War Crimes Trial

Advertisements
Russian Soldier Handed Life Sentence In Ukraine’s First War Crimes Trial
A district court in the Ukrainian capital has wrapped up the country’s first ever war crimes trial involving a Russian soldier who stood accused of shooting 62-year old Oleksandr Shelipov in northeastern Ukraine’s Sumy region during the first week of the invasion in late February. It’s unprecedented given the timing, as the war is still ongoing.

The 21-year old Russian soldier, identified as Vadim Shishimarin, earlier pleaded guilty, and has now been sentenced to life in prison by the Ukrainian court. The ten day trial against the

Read more

UK’s Johnson Urges Talks As Unions Threaten “Biggest Rail Strike In Modern History”

Advertisements
UK’s Johnson Urges Talks As Unions Threaten “Biggest Rail Strike In Modern History”
Authored by Alexander Zhang via The Epoch Times,

British Prime Minister Boris Johnson has urged rail unions to talk to the government before causing “irreparable damage” with strike action.

The National Union of Rail, Maritime, and Transport Workers (RMT) is holding a ballot of its 40,000 members on plans to strike over jobs, pay, and conditions. The ballot is set to close on Tuesday, and the union has claimed that a yes vote could lead to “the biggest rail strike in modern history.”

Another union, the

Read more

Mitt Romney Calls On NATO To Prepare For Potential Russian Nuclear Strikes

Advertisements
Mitt Romney Calls On NATO To Prepare For Potential Russian Nuclear Strikes
Authored by Jack Phillips via The Epoch Times,

The United States and other NATO nations should prepare a devastating response to a possible Russian nuclear strike, Sen. Mitt Romney (R-Utah) said on Saturday.

Romney, in an opinion article for the New York Times, said that “Russia’s use of a nuclear weapon would unarguably be a redefining, reorienting geopolitical event,” adding: 

“We should imagine the unimaginable, specifically how we would respond militarily and economically to such a seismic shift in the global geopolitical terrain.”

There is little evidence

Read more

US Navy Sailors Deserting At “Staggering” Rate Amid Mental Health Crisis

Advertisements
US Navy Sailors Deserting At “Staggering” Rate Amid Mental Health Crisis
A troubling new statistic shows U.S. Navy desertions are soaring and may point to an even more significant issue of an emerging mental health crisis in the service. 

NBC News reports the Navy has 342,000 active sailors. In 2021, there were 157 deserters, compared with 98 in 2020 and 63 in 2019. The total number of deserters who remain at large last year increased to 166 from 119 in 2019. Most of them were under the age of 25. 

An expert who reviewed the federal statistics obtained by

Read more

Immigration Disappears From Kamala Harris’ Public Schedule

Advertisements
Immigration Disappears From Kamala Harris’ Public Schedule
Authored by Philip Wegmann via RealClear Politics (emphasis ours),

It was her first overseas trip, and Vice President Harris, recently deputized to address what the White House calls “the root causes of migration,” was in Guatemala trying to break through with a simple message. “Do not come,” Harris told would-be migrants last June. “Do not come. The United States will continue to enforce our laws and secure our borders.”

They did not listen, or if any migrants did hear Harris last year, many ignored her message. Just last month,

Read more

Elon ‘Mad As Hell’ Musk Just Blew Up 2022

Advertisements
Elon ‘Mad As Hell’ Musk Just Blew Up 2022
Commentary by Franke Miele via RealClear Politics,

The most significant political event in the last 18 months happened last week. No, it wasn’t the Pennsylvania primary, and it certainly didn’t have anything to do with the sham Jan. 6 committee.

It was the announcement by Elon Musk that he’s as mad as hell, and he’s not going to take this anymore. OK, he didn’t use those exact words from the 1976 movie “Network,” but he might well have been channeling the character Howard Beale

Read more

“It’s Sick”: Polish PM Says Norway Should Share “Gigantic” Oil & Gas Profits

Advertisements
“It’s Sick”: Polish PM Says Norway Should Share “Gigantic” Oil & Gas Profits
One by one European countries have cut energy ties with Russia, but often at a significant cost, and inter-EU rifts are beginning to show as the inevitable consequence of higher prices are felt. At the same time, Norway as western Europe’s largest oil and gas producer is reaping the profits windfall.

Polish Prime Minister Mateusz Morawiecki has taken the unusual step of urging for Norway to share its “gigantic” profits made as a result of soaring oil and gas prices, posing during a Sunday Q&A at

Read more

How Inflation Changed The Price Of A Burger

Advertisements
How Inflation Changed The Price Of A Burger
With inflation standing at 8.3% year-over-year in April, everyday items are becoming pricier for U.S. consumers. As Statista’s Katharina Buchholz details below, food prices in particular took some significant steps up, as seen in the example of shopping for hamburger ingredients.

You will find more infographics at Statista

Meats experienced some of the highest price increases among food items: Ground beef now costs almost 15 percent more than in April 2021 and bacon is 17.7 percent more expensive than one year ago.

On the other hand, the price of

Read more

Average Age Of Vehicles On US Highways Keeps Getting Older 

Advertisements
Average Age Of Vehicles On US Highways Keeps Getting Older 
The average age of vehicles on US highways rose for the fifth consecutive year and to a record high, as supply-chain disruptions and inventory challenges prompt owners to hold on to their cars and trucks longer, according to research from S&P Global Mobility

Semiconductor shortages and inventory challenges were the top drivers in pushing US average vehicle age to 12.2 years, another all-time high. 

Chip supply constraints have caused continued parts shortages for carmakers, who have been forced to cut production. The constrained supply of new cars and

Read more
Exit mobile version
%%footer%%