Risk of War with North Korea still high

There has been some thawing of relations between North Korea and South Korea. North Korea has not had nuclear tests for a few months. North Korea and South Korea are having some communication and are trying to restart in person summits. North Korea is attending the Winter Olympics in South Korea. At War on the …

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Protests spreading in Iran over high unemployment and inflation

Protests are spreading unpredictably fast in several cities in Iran. They are protesting against high unemployment, a stagnant economy with inflationary prices and expensive overseas military interventions. A wave of spontaneous protests over Iran’s weak economy swept into Tehran on Saturday, with college students and others chanting against the government just hours after hard-liners held …

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Less than 5% of India’s techies are ready for higher end AI and cloud computing work

7 of India’s biggest IT companies including Infosys, Wipro and Cognizant are laid off 56,000 engineers in 2017. 2017 layoffs were double the level in 2016. This is because they are not prepared to adapt to newer technologies. Less than 5% of Indian techies are equipped to handle high-skilled jobs. For several years now, Indian …

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More than an Oil Embargo is needed to crush North Korea’s nuclear program

US Energy Information Administration (EIA) reports that North Korea imported 15,000 barrels per day of crude oil from China in 2016, plus 6,000 bpd of refined products. This is about 1% of UK oil consumption. The EIA mentions that some trade may go unreported and therefore, the actual figures may be higher. The real question, …

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Venezuela making oil backed cryptocurrency as its economy implodes

Venezuela is creating its own “petrocurrency,” backed by reserves in oil, gas, gold and diamonds. It will enable Venezuela “to advance in monetary sovereignty, carry out its financial transactions to overcome the financial blockade,” Maduro said. The black market rate for one dollar weakened to 103,000 bolivars on Friday compared with 10,000 at the end …

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US demands China cut off oil to North Korea or the US will

U.S. Ambassador to the UN Nikki Haley said China must stop exporting crude to North Korea, or “we can take the oil situation into our own hands.” “The dictator of North Korea made a choice yesterday that brings the world closer to war, not farther from it,” Haley said. “We have never sought war with …

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North Korea launches another ballistic missile

North Korea fired an unidentified ballistic missile from South Pyongan Province early Wednesday, South Korea’s Joint Chiefs of Staff said according to Yonhap News. The Pentagon said it believed it was an intercontinental ballistic missile that flew for about 1,000km (620 miles) and fell into the Sea of Japan. Brian WangBrian Wang is a Futurist …

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