Israel Palestine War and It's Impact on the World Economy
Listen now
Description
There is another war happening, this time between Israel and the Palestines, how will this affect the world as we know it today. Also we will look at the effects of the worsening UAW strike on the United States Economy. Israel is a country known to many in the food and beverage industry as having the best tasting dates in the world and has been considered one of the largest producers of these fruits worldwide. Date production has however been under threat this year with the rise in global temperatures and so making the region much hotter which would in turn allow for less dates to be harvested this year and also them to be less soft and silky due to the lack of water that would be able to be absorbed by them. The Palestines on the other hand are known for their supply of exotic marbles and limestone. Israel would be the largest trading partner for the Palestine territory due to their positions and access to the free ports. The United States and Russian Presidents have picked opposing sides as to who they support. If this war is not contained, it runs the risk of being spread across into neighbouring countries across the Middle East, Southern Europe and Africa. The UAW is the union and protection for the autoworkers industry in America and the workers are striking against the big 3 automotive companies. This has been the largest strike since the UAW was formed close to a hundred years ago and it is the first time that they have targeted all three automakers at once. What angers the workers the most is that all three companies combined generate over $25B dollars per year in profits, they can afford to pay executives high salaries but the workers are left with nothing but empty promises and no real sight as to the future.
More Episodes
Saudi Arabia’s Neom is planning a debut riyal bond sale as it searches for cash to fund its $1.5 Trillion Futuristic City, Micron is all set to receive more than US$6 Billion Dollars as it helps to build chip making factories in the United States and Fed Chair Jerome Powell has signaled interest...
Published 04/20/24
Published 04/20/24
Coming up on today’s episode McDonalds buys back 225 stores from their Israeli counterpart, Gucci spends $1.3 Billion Euros on a new office in Europe and the US Economy is trending upwards again back over the 3.2% in February 2024 carrying them back up to levels last seen in 2023.
Published 04/11/24