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IMPORTANT
| | | Escalations | Kyiv Battered by Russian Forces, Moscow by Sanctions The Ukrainian capital shuddered Thursday with the first direct missile attack in weeks, a move Kyiv regional Gov. Oleksiy Kuleba said is “revenge for the widespread popular resistance” to the Kremlin. Fifteen people, including five civilians, were injured. Meanwhile, the economy back home is struggling. A Yale University study found that Russia’s economy has been “catastrophically crippled” by sanctions. “Russia has lost companies representing ~40% of its GDP, reversing nearly all of three decades worth of foreign investment,” the report found, adding that nearly 1,000 firms have been forced to close or exit the market since the start of the Ukraine war. (Sources: AP, Euronews) |
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| | | | | Water’s Rising | Appalachia Flooding Leaves 8 Dead, Homes Destroyed in Kentucky Flood waters and continued downpours have hampered rescue efforts in southeastern Kentucky, but Gov. Andy Beshear expects to see the death roll rise as rescuers respond to more communities. The National Weather Service recorded a new high along parts of the Kentucky River which rose 12 feet in just 12 hours, hitting the mark at 16.8 feet. Flash flooding prevented people from leaving the area in some counties, forcing households to hide out on the top floor until waters receded. “There are a lot of people out there still in danger that need your prayers,” Beshear said. (Sources: NYT, Lexington Herald-Leader) |
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| | | Phone It In | President Xi: Biden Is ‘Playing With Fire’ on Pelosi Visit to Taiwan Chinese President Xi Jinping didn’t hold back when speaking with his U.S. counterpart, Joe Biden, in a phone call running over two hours Thursday. Relations have been strained in recent years, but the potential visit to Taiwan by House speaker Nancy Pelosi has escalated tensions. “Those who play with fire will be perished by it. It is hoped that the U.S. will be clear-eyed about this,” he said, according to a post-call statement from the government. Meanwhile, the State Department says no travel plans have been confirmed and Biden has previously noted military advisers are against the idea. (Sources: The Guardian, BBC) |
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| | | Rollercoaster | A Recession by Any Other Name? U.S. gross domestic product has shrunk for a second consecutive quarter, data released by the Commerce Department revealed Thursday. This can signal a recession — but it’s not quite so straightforward. President Joe Biden has played down the result, saying it’s no surprise after two years of the pandemic upsetting the economy. Call it a correction, the White House says, after strong growth last year. Not so fast, say Republicans. “America is in a recession because of Biden’s inflation crisis,” Rep. Jason Smith from Missouri says. Expect to hear that refrain frequently as the U.S. hurtles towards midterms in November. (Source: The Hill) |
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| | | Briefly | Here are some things you should know about today: Frenemies. Colombia and Venezuela are working to mend their fractured relationship, promising to appoint new ambassadors next month. Armed confrontation along the border and Venezuelan migrants crossing the shared border have been a source of constant tension. (Source: Al Jazeera) Condemned. The G-7 added its voice to a chorus of condemnation on Thursday after the Myanmar junta hanged four political prisoners over the weekend, the first executions in 30 years. (Source: Reuters) Levied. Germany is planning to introduce a levy on gas use of up to 5 cents per kilowatt-hour, Economy Minister Robert Habeck said Thursday. It’s aimed at shoring up supply amid dwindling Russian gas exports. (Source: DW) |
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INTRIGUING
| | | On the Move | Climate Change Forces 21.5 Million People From Home Each Year The United Nations High Commissioner for Refugees says in the next three decades 143 million people will be forced to move amid increasing heat, rising sea levels and water shortages. Climate migrants typically move within their country, usually from rural areas into cities. But experts say we are likely to see that change in the coming years — with cities becoming inhospitable on the current trend. According to the UNHCR, the world is already seeing this. It says 90% of refugees it works with come from countries “on the front lines of the climate emergency.” (Source: AP) |
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| | | Influencers | Do It For the ’Gram: Meta Walks Back App Changes Floated changes to Instagram lasted as long as a Story. Calls from Kardashian siblings and other influencers to Make Instagram Instagram Again were dismissed earlier in the week when the app vowed more video content and content from non-followed accounts in its feeds — to the outrage of users. Adam Mosseri, who heads up the app owned by Meta, says the photo sharing juggernaut will take the lashing in stride: “We’ve learned a lot, then we come back with some sort of new idea or iteration … we’re going to work through that.” It comes as Meta announced a drop in revenue this year. (Source: The Guardian) |
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| | | Tuned Out | It’s the End of the Road for Beloved Aussie Soap ‘Neighbours' A soap opera finale rarely sparks such grief: but Neighbours was no ordinary show. Fans braved the cold in the show’s hometown of Melbourne to watch the final episode on big screens Thursday, but it’s in the U.K. where the series is most passionately mourned. Viewers once tuned in to the show in droves, peaking at 20 million in the ’80s. In recent years that number dropped to just one million, prompting networks to ditch it earlier this year and sealing the show’s fate. Neighbours launched the careers of top Australian talent including Kylie Minogue and Margot Robbie. (Sources: BBC, The Age) |
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| | | | | XOXO | Hershey’s Kisses Halloween Candy Goodbye “We will not be able to fully meet consumer demand,” Hershey’s CEO Michele Buck warned candy fans yesterday, saying that demand is high for regular candies and Halloween-themed treats. Business has been good for Hershey’s and other manufacturers — sweet sales surged during the pandemic and the popularity of Halloween grows each year. But the sweets industry isn’t spared from the current global supply chain issues — and that means some tough choices in production. Hershey’s has opted to support its regular lines over holiday lines for now but is aiming to get your trick-or-treat faves back soon. (Source: CNN) |
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| | | Below Par | Trump Offends 9/11 Families With Controversial Saudi Golf “Well, nobody’s gotten to the bottom of 9/11, unfortunately, and they should have,” Trump said after families of the terror attack’s victims objected to the Saudi-backed LIV Golf tournament being hosted “50 miles from Ground Zero” at the former president’s Trump National Golf Course in New Jersey. The upstart tournament has kicked off a civil war in pro golfing, with defectors accused of following the money by players sticking to the PGA. Neither controversy appeared to worry Trump, who took to the green with players Dustin Johnson and Bryson DeChambeau in a fan-free jaunt attended by Trump family members Thursday. (Source: NBC, NY Post) |
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| ABOUT OZY OZY is a diverse, global and forward-looking media and entertainment company focused on “the New and the Next.” OZY creates space for fresh perspectives, and offers new takes on everything from news and culture to technology, business, learning and entertainment. Curiosity. Enthusiasm. Action. That’s OZY! |
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