Just Business

People didn’t believe that the war would break out, political experts and even intelligence officers doubted it would happen. Only they knew for sure, owners of the US military-industrial complex.Back in January, Lockheed Martin head Jim Taiclet told investors that the military conflict between the US and Russia over Ukraine would bring significant profits for the company.

Not without reason the US military-industrial complex had employed more than 2000 lobbyists since 2017.

Global Surplus Crude Oil Production Capacity

We have published our estimates of OPEC production capacity and surplus capacity every month since 2002 in our Short-Term Energy Outlook (STEO). This data series is a useful indicator of global oil market tightness. Large surplus production capacity numbers suggest that OPEC has restrained crude oil production in the past to avoid over-supplying markets, which would result in large inventory builds and lower prices.

The Problem With Juneteenth

Juneteenth was a people’s holiday with deep meaning for the descendants of enslaved people. But the declaration of an official federal holiday has turned it into an opportunity for corporate exploiters and cynical politicians to show pretend concern for Black people. At best Juneteenth provides a history lesson and an opportunity for much needed political education.

The People vs. Petrocracy

The United States is moving fast on climate change—in the wrong direction. The Energy Information Agency forecasts that by 2023, the nation will set a new annual record for oil extraction: 4.6 billion barrels. Plans to build more than 200 new natural gas power plants are in the works. More than 130 new oil and gas pipelines now under development will carry enough fuel to increase national emissions by 10 percent—560 million metric tons per year.

Nuclear Weapons: World Spent $156,841 In Every Minute Of 2021

The world nuclear weapons spending found a significant increase in 2021, finds the latest International Campaign to Abolish Nuclear Weapons (ICAN) report published on Tuesday.

In one year, the nine nuclear-armed nations – U.S., China, Russia, France, India, Israel, North Korea, Pakistan and the UK — spent a total of $82.4 billion on upgrading and maintaining their estimated 13,000 nuclear weapons, marking a 9% hike from the year before, according to ICAN’s estimates.

Proxy war or not, Ukraine shows why moral hazards matter

In late April, Russian Foreign Minister Sergei Lavrov accused NATO of waging a “proxy” war against Russia by supporting Ukraine as it defended itself from a Kremlin invasion. “War means war,” he said ominously, implying that the Alliance is stoking Ukraine’s resistance to advance its own interests.

Europe Can Learn From Germany’s Experience With Migration’s Impact

They were noticeable for seeming slightly lost at the train stations where they arrived and were greeted by volunteers providing assistance. A call from friends trying to find a place to stay for a recently arrived family would lead to a collective scramble to contact local welfare agencies. In the months that followed, chance meetings at a bar, football match or the workplace would lead a circle of friends to extend invitations to some of the newcomers, who in time would become familiar faces.

L’Éthiopie étudie la possibilité de négociations de paix avec le TPLF

En Ethiopie, le Premier ministre Abiy Ahmed a évoqué publiquement pour la première fois la possibilité de négociations de paix avec les rebelles du Tigré.

Il a démenti le fait que des pourparlers secrets étaient déjà en cours avec le Front de libération du peuple du Tigré (TPLF), mais a affirmé que le gouvernement avait formé un comité chargé d’examiner l’éventualité de négociations entre les deux camps. Ce comité sera dirigé par le vice Premier ministre et ministre des affaires étrangères Demeke Mekonen.