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World Economy Mar 26, 2026

Iran War's Far-Reaching Impact: How Rising Oil Prices Are Affecting US Economy

The ongoing conflict between the US and Iran is having a ripple effect on the global economy, impac…
The US-Israel war on Iran has effectively closed the Strait of Hormuz, a critical shipping route for materials used in the production of various everyday products. As the conflict enters its fifth week, global oil shortages are forcing countries to take severe measures to conserve their reserves. While US gas prices have surged to their highest level in years, the impact of rising oil prices extends far beyond drivers. Oil is a crucial component in the supply chain, powering machines that manufacture goods and fueling trucks that transport them to stores. The price increases come at a time when many Americans are already strained by rising housing costs, grocery bills, and electricity statements. A recent Gallup poll found that a third of Americans have had to skip meals and forego other needs to afford their healthcare. Oil and Gas The average cost of gas in the US has jumped about 30% over the last month, with the national average hitting $3.97, the highest since 2023. Diesel, which fuels many trucks transporting goods, has increased by about 50%, or $1.69 more than it did a year ago. Higher diesel costs could soon affect transportation costs and grocery prices, as roughly 85% of agricultural goods are transported by trucks. The impact of oil and gas shortages on the supply chain can be categorized as first-order effects, such as higher prices at the gas pump, and second-order effects, including potential price increases for crops, semiconductor chips, and medical devices. Fertilizer Farmers are struggling as the spring growing season approaches, facing higher fertilizer costs and falling commodity prices. A third of global urea trade, a solid nitrogen fertilizer, passes through the Middle East region, with about 20% of imported fertilizer to the US coming from Qatar. Nitrogen fertilizer is critical to grow corn, which is cultivated by about 500,000 farmers in the US. The White House has promised to minimize disruptions to the US economy, with alternative sources of fertilizer being sought from around the world. Helium The conflict has disrupted the global helium supply after Iranian attacks in Qatar, the second-largest producer of helium after the United States. Helium is a key import used in aerospace, magnetic resonance imaging (MRI), and semiconductor chips that power AI. Jet Fuel Increases in oil prices could result in higher airfare and shipping costs. The price of jet fuel has doubled since the start of the war, according to the International Air Transport Association. United Airlines announced last Friday that it would have to cut flights due to the surging cost of fuel. < h2>Mortgage Rates Just as US mortgages were starting to fall in February, the average 30-year fixed mortgage rate ticked up to its highest level in months, reaching 6.22%. Mortgage rates are closely tied to the overall state of the economy, and the US Federal Reserve's decision to leave rates unchanged last week cited uncertainty in the economy, particularly with conflict in the Middle East.
#fertilizer #prices #last
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Film Mar 26, 2026

They Will Kill You Review: A Satirical Beat-Em-Up with Gore and Deja Vu

The film 'They Will Kill You' is a satirical beat-em-up that offers gore, bad jokes, and deja vu. I…
The film 'They Will Kill You' is a satirical take on the beat-em-up genre, offering a mix of gore, bad jokes, and deja vu. The story revolves around Asia, a new maid at the Virgil, a satanic co-op residence in New York, where she must navigate a world of satanic rituals and eternal life.The film's tone is pitched between a bloodbath and bath time, with a boyish strain of immaturity dominating the creative force. This is evident in the giddy, inventive approach to violence, where the narrative device of immortality unshackles the filmmaker from the laws of physics. The film's antic gore peaks with an extended interlude following a disembodied eyeball as it rolls down corridors and slingshots itself up an elevator shaft.The adolescent quality runs deeper than that, manifesting more overtly in the potty-mouthedness of the script and the ostentatious stylistic flourishes that are hand-me-downs from other filmmakers. The film's supporting cast is haphazardly assembled and half-assedly differentiated from one another, with Heather Graham and Tom Felton getting the most to do.Despite its sprightly fight choreography and retro synth arpeggios, the film's invoked inspirations and story components err on the side of the popular and well-trod. The received shtick grows worn before long, and the film's attempts at humor often fall flat. A good rule of (severed) thumb: if you're going to make a character quote Monty Python's immortal 'just a flesh wound' bit, you must yourself be capable of originally generating something at least as funny.
#you #sokolov #virgil
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World Economy Mar 25, 2026

Climate Change Transforms Rocky Mountain Meadows: 'It's Like Flowers on Steroids'

A 29-year experiment in Colorado's Rocky Mountain meadows shows that heating the ground by 2C leads…
In a groundbreaking experiment conducted in Colorado's Rocky Mountain meadows, scientists heated a patch of land by 2C for 29 years. The results are alarming: the area transformed from a lush, diverse grassland into a desert-like scrubland dominated by sagebrush. This 'shrubification' process, driven by rising temperatures, threatens the very existence of alpine grasslands worldwide.The experiment, conducted at the Rocky Mountain Biological Laboratory, involved warming five plots of 30 sq meters each by 2C using electric infrared radiators. The results showed a 150% increase in shrubs in warmed plots compared to those without heating. The surface soil dried by up to 20%, and shallow-rooted plants became stressed, leading to the extinction of some wildflowers.The implications extend far beyond Colorado. Alpine grasslands, which host 50% of European flora on just 3% of land, are particularly vulnerable. As temperatures rise, these ecosystems are likely to be irrevocably changed, leading to a loss of biodiversity. The phenomenon of 'shrubification' is not limited to mountain environments; it's also observed in Arctic landscapes, where shrub cover expanded by 2.2% each decade between 1984 and 2020.Conservation ecologists warn that while shrubs and trees bring benefits like shelter and carbon sequestration, their rapid expansion in cold environments is a symptom of climate change. The speed and scale of these changes are concerning, with potential knock-on impacts on the carbon cycle and ecosystem balance.As Lara Souza, lead researcher, notes, 'It's like flowers on steroids.' However, this vision of abundance is tinged with sadness at the prospect of irreversible changes to fragile landscapes. The future of these ecosystems, and many others like them, hangs in the balance as global temperatures continue to rise.
#says #shrubification #mountain
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World Economy Mar 25, 2026

Weaving, Glamping, and Kayak Tours: Unlikely Allies in Argentina's Deforestation Fight

In Argentina's Gran Chaco forest, conservationists and local communities are joining forces to comb…
The Gran Chaco forest in Argentina, spanning across parts of Argentina, Bolivia, Paraguay, and Brazil, is facing a critical threat from deforestation. Small farmers, enticed by the promise of quick money from selling timber, often contribute to this environmental degradation. However, a collaborative effort between conservationists, NGOs, and international organizations is underway to support small-scale landowners and Indigenous communities in establishing alternative income sources. This initiative aims to enable them to resist the pressures of agribusiness and the timber market. Jorge Luna, a 55-year-old farmer, has taken a significant step towards preserving his 40-hectare land in Chaco province. He rejected an offer to cut down the trees and instead embarked on a second career as a forest tourist guide with Fundación Rewilding Argentina, a non-profit organization working to restore parts of the Gran Chaco forest. Luna now rents out a small campsite to visitors and takes tourists on kayak tours along the Bermejito River. "At first, you didn’t give the plants value. It was a lack of knowledge of what they meant. Now, every leaf that sprouts has an added value," he says. Created in 2010 by Tompkins Conservation, Rewilding aims to protect vast tracts of territory and create economic opportunities for local communities while preserving the biosphere. The organization worked with 15 other organizations to convince the government of Chaco province to turn 128,000 hectares into the El Impenetrable national park, officially designated in 2014. Since then, Rewilding has established a network to support a budding tourism industry. It offers riverside glamping stays while promoting local and ancestral knowledge as possible sources of income. Women have returned to weaving and artisanal production, as well as providing home-cooked meals for visitors. According to Greenpeace, Argentina lost nearly 7 million hectares of native forest between 1998 and 2024, with most of it in the Gran Chaco. An estimated almost 120,000 hectares of forest were lost in northern Argentina in 2024, a 10% increase from the previous year. The primary causes of forest loss are the expansion of agriculture, mainly for intensive cattle ranching and genetically modified soya, and forest fires. The Gran Chaco forest also feeds the timber industry, particularly with the quebracho tree, which produces a tannin used in leather products, and carob trees. Environmental lawyers warn that the Gran Chaco could disappear within two decades if deforestation continues at its current pace. "The Chaco does not receive the same attention as the Amazon – few people even know it exists," says Enrique Viale, an Argentine environmental lawyer and activist. For conservation efforts to succeed, projects must be co-designed with the community, ensuring their long-term objectives are considered. Community empowerment, equal distribution of benefits, and capacity building are crucial factors. Mabel Figueroa, a local weaver, has resumed her craft since the national park opened, selling scarves, blankets, and ponchos to tourists. She raises sheep and dyes their wool with tree bark and forest plants, reviving an ancestral tradition.
#argentina #deforestation #conservation
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Media Mar 25, 2026

Matt Brittin, Former Google Executive, Named Next BBC Director General

Matt Brittin, a former Google executive, has been appointed as the next director general of the BBC…
Matt Brittin, Google's former top executive in Europe, has been selected as the next director general of the BBC. Brittin, who stepped down as Google's president in Europe, the Middle East, and Africa last year, will replace Tim Davie at a critical juncture for the corporation. The 57-year-old's appointment was confirmed after a BBC board discussion on Thursday. Brittin, a former Olympic rower and Doctor Who fan, is seen as a substantial figure capable of diving straight into crucial government talks over the renewal of the BBC's royal charter. However, his lack of editorial experience has been noted by insiders, who worry about his ability to deal with the periodic crises that occur at the corporation. The BBC is now expected to create the role of deputy director general to support Brittin, with a new head of BBC News also to be appointed. Brittin expressed his excitement about the role, stating: “Now, more than ever, we need a thriving BBC that works for everyone in a complex, uncertain and fast-changing world.” Samir Shah, the BBC's chair, praised Brittin's experience, saying he had “deep experience of leading a high-profile and highly complex organisation through transformation”. The appointment comes after some early favourites for the role dropped out or declined to apply amid concerns that scrutiny and political attacks aimed at the BBC have made leading it one of the hardest jobs in public life. Brittin's lengthy career at Google will also be significant in his new job, particularly as the BBC lays out plans to save considerable costs using a new tech division and forges a new relationship with YouTube, which is owned by Google. The licence fee model is also under pressure, with more people opting not to pay.
#bbc #google #media
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Entertainment Mar 25, 2026

Poem on Coping with Global Suffering Wins National Poetry Competition

Partridge Boswell's poem 'The Gathering', which explores themes of language, love, and processing d…
Partridge Boswell's poem, 'The Gathering', has been crowned the winner of this year's National Poetry Competition, a prestigious award that attracted over 21,000 entries from poets across 113 countries. The poem delves into themes of language, love, and the struggle to make sense of global suffering, state violence, and war.Boswell's work is a reflection of his attempt to process the emotional burden of following distressing global events. He describes how he wrote elegies, parodies, and rants to cope with his discomfort and disbelief. The poem specifically addresses the challenge of maintaining language's potency in the face of the relentlessness of the news cycle and the difficulty of resisting false narratives.The judges praised 'The Gathering' for its ambition, emotional stakes, and philosophical perspicacity. They noted that the poem reflects on the tensions between personal grief and state violence, particularly in Gaza. The poem questions how to preserve the potency of language amid the overwhelming nature of global events.Boswell, who is also the author of the Fool for Poetry prize-winning chapbook Levis Corner House and the Grolier prize-winning collection Some Far Country, will receive £5,000 for his winning poem. His work, along with the runner-up and third-place poems, will be published in the spring 2026 issue of The Poetry Review.The National Poetry Competition, founded in 1978, has a history of recognizing talented poets. Past winners include Carol Ann Duffy, Sinéad Morrissey, James Berry, and Tony Harrison. This year's competition saw seven commended poets receive £500 each, while Damen O'Brien's poem Axe secured the runner-up position with a £3,000 prize.
#National Poetry Competition #Partridge Boswell #The Gathering
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Technology Mar 25, 2026

Meta Ordered to Pay $375m in Landmark Case: A Big Tech Reckoning

Meta has been ordered to pay $375m in a landmark case, marking a significant development in the big…
In a significant move, Meta has been ordered to pay $375m in a landmark case. This development is being seen as part of a broader big tech reckoning, with regulatory bodies taking a closer look at the practices of major technology companies. The case against Meta, formerly known as Facebook, highlights the growing scrutiny of big tech firms and their handling of user data and advertising practices. The $375m penalty is a substantial one, reflecting the seriousness with which regulators are approaching these issues. Meta's financial obligations in this case are a reminder of the regulatory risks facing big tech companies. As governments and regulatory bodies around the world continue to examine the practices of these firms, significant penalties and fines are likely to become more common. The image of Mark Zuckerberg, Meta's CEO, is a reminder of the high-profile nature of this case and the scrutiny that big tech leaders are under.
#big #tech #reckoning
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World Mar 25, 2026

Israel Accused of Using White Phosphorus in Lebanon, Sparking War Crimes Fears

Human Rights Watch has accused Israel of using white phosphorus in southern Lebanon, sparking conce…
Israel has been accused of using white phosphorus in southern Lebanon, a move that has reignited concerns over the country's adherence to international laws of war. Human Rights Watch (HRW) researchers have verified and geolocated images showing airburst white phosphorus munitions exploding over residential areas in the southern Lebanese town of Yohmor.The use of white phosphorus, a chemical substance that ignites when exposed to oxygen and burns at up to 800C, is controversial when used over civilian areas due to its potential to ignite fires, cause serious burns, and emit toxic fumes. Military forces often use it as a smokescreen, but its use in populated areas raises significant ethical and legal questions.Over 800,000 Lebanese people have been displaced from the region following Israeli forces' orders to leave, and many more uses of white phosphorus may have gone undocumented. Researchers have documented nearly 250 uses of white phosphorus by Israeli forces between October 2023 and November 2024, with 39% of these uses occurring in residential areas.The environmental impact is also significant, with over 2,000 hectares of southern Lebanese countryside burned, including dense forests and agricultural lands. The use of white phosphorus can lead to long-term soil contamination, reducing microbial diversity and agricultural productivity.An Israeli military spokesperson has cautioned against making factual determinations based on visuals alone, while Israel's ambassador to the UN has stated that the country takes steps to minimize civilian casualties. However, allegations of war crimes and the use of prohibited weapons continue to mount, highlighting the need for further investigation and accountability.
#white #phosphorus #lebanon
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World Economy Mar 25, 2026

Global Food System on Brink of Collapse: The Dangers of Corporate Control and Lack of Regulation

The global food system is on the verge of collapse due to its systemic fragility, exacerbated by th…
The global food system is facing an unprecedented threat of collapse, much like the financial system did in 2008. The concentration of power in the hands of a few large corporations has led to a loss of diversity, redundancy, and modularity, making the system highly vulnerable to shocks.Recent data suggests that every part of this system is now highly concentrated in the hands of a few corporations, which have been consolidating both vertically and horizontally. One recent study found that the US food system has “consolidated nearly twice as much as the overall economic system”. Some of these corporations, diversifying into financial products, now look more like banks than commodity traders, but without the same level of regulation.These vulnerabilities are exacerbated by the use of just-in-time supply chains and the funnelling of much of the world’s trade through a number of chokepoints. Some people have long warned that the strait of Hormuz, alongside the Suez canal, Turkish straits, Panama canal and straits of Malacca, are critical chokepoints, whose obstruction would threaten the flow of food, fertiliser, fuel and other crucial agricultural commodities.When a system has lost its resilience, it’s hard to predict just how and when it could go down. The collapse of one corporation? The simultaneous closure of two or more chokepoints? A major IT outage? A severe climate event coinciding with a geopolitical crisis? The next step could be contagious bankruptcy and cascading failure across sectors.We know what needs to happen: break up the big corporations; bring the system under proper regulatory control; diversify our diets and their means of production; reduce our dependence on a handful of major exporting countries; build strategic food reserves, accessible to people everywhere. But there’s a problem, and it’s not just Trump. Almost all governments are beholden to corporate and financial power.The best we can hope for is that braver politicians in our own countries seek to insulate us from the worst impacts. A crucial step is to encourage a shift to a plant-based diet. People struggle to see the relevance, but it’s simple. A plant-based diet requires far fewer resources, including just a quarter of the land a standard western diet requires and much less fertiliser and other inputs.
#food #system #but
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