Tuesday, June 21, 2022

Ben Stiller Hobnobs with Volodymyr Zelensky in Ukraine

"Comedian Ben Stiller met fellow actor and current president of Ukraine Volodymyr Zelensky in Kyiv on Monday to return attention to the ongoing, eight-year-old war between that country and Russia on the occasion of World Refugee Day.
You’re my hero!” Stiller can be heard exclaiming while shaking hands with Zelensky in a video of the meeting published by the president on his Instagram profile." Breitbart

UN Food Chief Halved Refugee Meal Rations As Global Hunger Crisis Worsens

"Food riot risks continue to soar worldwide as the head of the food-aid branch of the United
Nations halved meal rations for refugees. 
On Monday, David Beasley, director of the UN World Food Programme (WFP), released a statement detailing "the heartbreaking decision to cut food rations for refugees who rely on us for their survival."
"As global hunger soars way beyond the resources available to feed all the families who desperately need WFP's help, we are being forced to make the heartbreaking decision to cut food rations for refugees who rely on us for their survival," Beasley said. 
Beasley pointed out that WFP already "significantly reduced" rations across its operating areas, indicating cuts up to 50% are affecting 75% of all refugees supported by WFP in Eastern Africa, including Ethiopia, Kenya, South Sudan, and Uganda." ZH

Bank of Japan Spends A Record $81 Billion To Avert Collapse, But $10 Trillion JGB Market Is Now Completely Broken

"The amount of bonds the central bank has lent "temporarily" to financial institutions to
relieve supply tightness has hit a record, Bloomberg data show. The BOJ lent 3.2 trillion yen ($23.9 billion) of JGBs through its Securities Lending Facility on Thursday, well above the 2.3 trillion yen lent at the peak of coronavirus fears in March 2020. Bloomberg has calculated how much it cost the BOJ to preserve calm after last week's catastrophic slide in futures, and the answer is some 10.9 trillion yen ($81 billion) of government bond purchases last week, the most on record. " ZH

Fossil Fuel Disaster Accelerates As Australia Runs Low On Coal

"Australia’s biggest coal plant can’t get enough coal, as fossil fuel disaster accelerates
In its quarterly update, Origin confirms its view that the price rises were being driven by coal plant outages and high fossil fuel prices, and warns it will continue in at least the near term until more renewables can be brought into the grid.
The challenges with coal delivery to Eraring Power Station are expected to persist into FY2023,” it says in its quarterly update.
This is expected to result in a material increase in coal purchasing costs given high coal prices and continued exposure to high spot electricity prices." ZeroHedge