Commentary The continued price shocks and meteoric rise of diesel fuel are causing extreme chaos. Meanwhile, worsening inflation—made worse by the surging price of diesel fuel—continues across a wide array of consumables. Adding more concern, summer is just around the corner, and the United States is entering peak driving time as millions of Americans take…
New Infrastructure Needed to Reduce Floods Impact in Australia: Expert
Australia needs to invest more in hydrological modelling and new infrastructure to combat major and severe floods, according to a University of New South Wales (UNSW) expert. In 2021, the Australian states of New South Wales and Queensland experienced once-in-a-century floods, with heavy rainfall damaging properties and infrastructure, as well as claiming numerous lives along…
Record Debt, Soaring Deficits Amid Slowing Economy Over Next Decade, CBO Warns
The U.S. government’s budget deficit is forecast to shrink this year before soaring in the coming years, the Congressional Budget Office (CBO) wrote in its 2022-2032 budget and economic outlook Wednesday. The federal deficit will fall to $1 trillion this year, down from $2.8 trillion in 2021. The significant deficit decline is attributed to…
Twitter Investors Vote Against Reelecting Elon Musk Ally to Board
Twitter Inc. investors blocked the reelection of an ally of Elon Musk to the board at an annual meeting on Wednesday that avoided the biggest question for the social media company: will it complete a $44 billion sale to the billionaire. Investors voted against Egon Durban, the co-head of private equity firm Silver Lake, who…
LIVE UPDATES: Russia Ready to Set up Corridor for Ships Leaving Ukraine With Food, With Conditions
The latest on the Russia–Ukraine crisis, May 26. Click here for updates from May 25. Russia Ready to Set up Corridor for Ships Leaving Ukraine With Food, With Conditions Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of some sanctions, the Interfax news…
LIVE UPDATES: Russian Forces Battle to Surround Ukrainians in East; Ukraine Savages Idea of Concessions to End War
The latest on the Russia–Ukraine crisis, May 26. Click here for updates from May 25. Russian Forces Battle to Surround Ukrainians in East Russia shelled more than 40 towns in Ukraine’s eastern Donbass region, destroying nearly a dozen high-rise buildings, authorities said on Thursday, as Moscow’s forces sought to surround their Ukrainian foes, outnumbering them…
Twitter to Pay $150 Million After Being Accused of Improperly Selling User Data
May 25, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesData privacyFeatured TopicsMedia & Big TechTwitterUSUS News
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Twitter has agreed to pay $150 million after it was accused of having sold private information from users to target advertising, without having informed them. The Justice Department and the Federal Trade Commission (FTC) announced the settlement that, if approved by a federal court, requires Twitter to pay the amount in civil penalties, as well as…
Jack Dorsey Steps Down from Twitter Board
Twitter’s former CEO Jack Dorsey has reportedly stepped down effective immediately from his seat on the social media platform’s board after a stakeholder meeting on Wednesday. The move was expected after Twitter “shared back in November” that Dorsey would leave the board when his term expired at the 2022 meeting of stockholders, a Twitter spokesperson…
BlackRock Warning Fed Rate Hikes May Trigger Recession
The U.S. Federal Reserve’s attempt to rein in inflation by raising interest rates might end up pushing the country into a recession, BlackRock, the world’s largest asset manager, recently warned in a note. “The Fed’s hawkish pivot has raised the risk that markets see rates staying in restrictive territory,” the note said, according to Fox…
Phone and Internet Complaints Are Soaring: Australian Authorities
May 25, 2022
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AustraliaAustralian Communications and Media AuthorityBusiness & EconomyTelecommunications Industry OmbudsmanWorld
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Australian authorities have seen a sharp increase in phone and internet complaints made across the country, partly due to poor customer service and billing issues. According to a new report, The Telecommunications Industry Ombudsman received over 22,200 complaints in the March quarter, up 21 percent from the previous three months. The report listed various problems…
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