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UN condemns “$1 billion-a-day” cost of war in Middle East

Photo credit: Economic Times The UN’s emergency relief chief on Wednesday condemned the “$$1 billion-a-day” cost of the war in the Middle East, at a time when humanitarian needs are soaring, and aid funding is falling dangerously short.  “We’re seeing the consequences spread faster than we can respond”, warned the UN emergency relief chief, Tom Fletcher, as violence…

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Wartime Winners and Losers

Photo credit: Spectrum News Governments around the world agreed to release 400 million barrels from emergency oil reserves to ease surging global energy prices on Wednesday. Bloomberg reports that it’s the largest discharge ever made by the International Energy Agency. With that amount of oil, one could theoretically fill 25,000 Olympic-sized swimming pools of 20 NFL stadiums, fuel a…

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