18 Jan 2019

‘Tens of Thousands’ of Government Contractors Laid Off Due to Shutdown

While the country’s unemployment rates are at a low, the next report could reflect some side effects of the shutdown: namely “tens of thousands” of layoffs by contractors who are losing around $1.5 billion per week. With 9,000 federal employees furloughed, employment is but one of the economic areas seeing

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17 Jan 2019

Trump considering oil embargo, recognition of Juan Guaido as Venezuela’s legitimate President

President Trump is reportedly considering the possibility of recognizing the President of the Venezuelan National Assembly and leader of the political opposition bloc as the country’s legitimate president, according to several sources. President Trump is also reportedly considering a full embargo against Venezuelan oil, which would increase US gas prices by

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11 Jan 2019

Poll: Nearly 3 in 4 Tech Workers in DC Would Consider Leaving Their Employer for Amazon

A recent survey highlights many of the problems facing the government tech sector, showing that 71% of the technology employees in the Northern Virginia, Southern Maryland, and Washington, D.C. areas would consider leaving their current job for a position at Amazon. The new Amazon location is expected to hire up

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10 Jan 2019

How Venezuela’s crisis developed and drove out millions of people

With Maduro’s inauguration to another 6-year term, the entrenched problems in the Venezuelan economy and political system show no sign of radical adjustments. The hyperinflation, shortages, and declining oil production have been thrown around as signs and symptoms, but understanding how the crisis began and how it is continuing require

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08 Jan 2019

Pamex adjusts logistics to combat $3 billion/yr in stolen fuel; shortages occur across Mexico

In an effort to reduce gasoline theft, State oil company Petroleos Mexicanos (Pamex) has changed their distribution methods, resulting in shortages and long lines at refueling stations across 6 states. Fuel theft in the country had risen from around $500,000 USD per year in the early 2000s to around $3

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07 Jan 2019

China boosting economic, athletic ties with Jamaica

China is boosting economic and relationship-building investments with the Caribbean island of Jamaica, according to the counsellor for Economic and Commercial Affairs at the Chinese Embassy. “The investments keep growing each month. The two-way trade has more than surpassed what it was in 2017. International development cooperation has reached a

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04 Jan 2019

China’s population growth likely to enter negative territory in 2030

China’s population is projected to reach a high of 1.442 billion in 2029, at which time the population will begin to decline due to fertility rates of only 1.6. If the rate does not increase in the next years, China’s population will begin to contract in 2027. According to the

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02 Jan 2019

Bangladesh’s economic gains marred by plunge into autocratic rule

“Ever since Bangladesh became an independent state in 1971, its political life has suffered several types of seemingly endemic conflict, some of it associated with periodic outbursts of violence or prolonged and relatively low-key armed confrontations. Currently, Bangladesh has an ‘abnormal crisis’ – political violence and widespread harassment of opponents

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28 Dec 2018

The Trans-Pacific Partnership Enters Into Force without USA on December 30

With Australia’s ratification of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trade agreement, the agreement between 11 countries will go into effect at the end of December. Current signatories include Japan, Australia, New Zealand, Singapore, Mexico, and Canada, while Brunei, Chile, Peru, Vietnam, and Malaysia were a part of the

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27 Dec 2018

Russia faces higher inflation, economic slowdown in 2019

“Russian economic growth has been below the global average in the past few years, hampered by a weak and volatile currency, a drop in oil prices, and by sanctions first imposed by the European Union and the United States in 2014 after Russia’s annexation of Crimea. Russia’s seizure of three

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