Layal Aswad was already exhausted by Lebanon’s devastating two-year economic collapse. Now, as Russia’s invasion of Ukraine sends food and energy prices soaring even further, she finds herself struggling to put food on the table for her family of four.
BlackRock head Larry Fink said in a letter to shareholders that Russia’s invasion of Ukraine has put an end to globalization as it has been known for decades.
The latest poll from the National Republican Congressional Committee (NRCC) of 77 battleground congressional districts across the country showed that the Democrats face headwinds with voters as they are being held responsible for record-high inflation, skyrocketing gas prices, and out-of-control spending.
Rep. Frank Pallone, D-N.J., chairman of the Energy and Commerce Committee, is asking executives from six oil companies to testify about surging gas prices.
Officials from the administrations of presidents Joe Biden and Andres Manuel Lopez Obrador in recent days discussed their concern about the impact that rising food and energy prices will have on the region
In 1974 when Vice President Gerald Ford succeeded to the presidency after Richard Nixon resigned, the country was in a bad economic crisis. The Arab oil shocks of 1973 led to a 300% increase in the price of oil, which translated into inflation of more than 12%.
