Yesterday, Secretary of State Mike Pompeo said last weekend’s attack against Saudi Arabia constitutes an “act of war.”
We get it, here’s a recap: Over the weekend, projectiles hit two key oil facilities in Saudi Arabia. The attack targeted the world’s largest oil processing plant and cut Saudi Arabia’s oil production in half – about 5% of the world’s daily oil supply. The country’s oil output is expected to be back to what it was by the end of the month.
That’s the key question. The Houthis – Iranian-backed rebels in Yemen – said ‘hi, that was us.’ But the US and Saudi Arabia aren’t buying it. They blame Iran directly, saying that physical and satellite evidence show this attack came from there. That the weapons were Iranian-made. And that the level of sophistication from this attack is far beyond the Houthis’ capabilities. Iran‘s got one motto: ‘deny, deny, deny.’
Unclear. Yesterday, President Trump ordered the Treasury Department to ramp up sanctions on Iran. Meanwhile, Pompeo has called the attack an “act of war.” Language like this could ramp up the pressure on the US to respond with something potentially more serious than sanctions (like military action). At first, Trump said the US is “locked and loaded.” But yesterday, he seemed to walk that back a bit.
Justin Trudeau’s. TIME magazine obtained a photo of Canada’s prime minister wearing brownface makeup in 2001. The picture was taken at an ‘Arabian Nights’-themed party at a private school where he was teaching at the time. In response to the photo surfacing, Trudeau apologized for his actions, agreed that the photo is racist, and said it “was a dumb thing to do.” This all came out as Canada is preparing for a general election next month. And after another political scandal this year accused Trudeau and his aides of trying to help a company avoid prosecution.
Interest rates. Yesterday, the Federal Reserve cut rates down a notch (a quarter point) to try to boost the economy. Earlier this year, it cut interest rates for the first time since the 2008 financial crisis. The goal was to keep the economy looking good – but economists are split on that strategy. Now, it’s doing it again to try to keep the good times going. And to keep threats – like trade tensions with China and slower economic growth around the world – at bay. The cut could affect things like mortgages and credit card rates.
$: Here’s more on how lower interest rates can affect your wallet.
Abortion. A new report says the US abortion rate in 2017 reached the lowest level since 1973, when the Supreme Court legalized abortion nationwide. It’s unclear what’s causing the drop. While there have been recent efforts to restrict abortion in certain states, there’s no known link that it’s affecting abortion rates. Researchers say that the declining fertility rate and growing use of contraceptives are more likely to be connected to the drop.
Guns. A new report on guns in the US says that in 2017, the number of people who died by guns – almost 40,000 – outpaced the number of people who died in car accidents for the first time ever. The report also found that most gun deaths are from suicide and that young people and people in rural areas are especially affected by gun violence.
India. Yesterday, it announced a ban on e-cigarette sales. E-cigarettes were promoted as an alternative to smoking – which kills close to a million people each year. But there are concerns around the potential health impacts, as at least seven people have died in the US from a vaping-related lung illness. India has been paying attention. It has 106 million adult smokers, the second-highest in the world (behind China). And sees vaping as a gateway to cigarettes. Its ban covers production, import, and advertising of e-cigs. Offenders could face jail time of up to three years.
…Oh and speaking of things that don’t want anything to do with vaping right now, CBS and WarnerMedia dropped all e-cigarette advertising.
Add long-lasting avocados to it.
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