Our Top Stories for the Week of August 1, 2022
It’s been a busy week, from political changes to climate worries. Who has time to keep track of it all? That’s why we’ve boiled it all down to our top stories of the week.
Economics & Politics
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The White House Holds Summit On Advance Air Mobility: On Monday, August 1, 2022, a White House Spokesperson reported that the White House would host a summit on advanced air mobility, which will feature drones and electric vertical take-off and landing (eVTOL) aircraft. NASA Administrator Bill Nelson, Acting Federal Aviation Administration Chief Billy Nolen, and Joby Aviation CEO JoeBen Bevirt are among those in attendance. The National Football League (NFL) Chief Security Officer and Homeland Security and Justice Department officials attended the meeting.[1]
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Bank Of England To Raise Borrowing Costs: On Monday, August 1, 2022, a Reuters poll reported that the Bank of England is expected to raise borrowing rates by 50 basis points to 1.75 percent in response to rising inflation. Since 1997, the Bank of England has never hiked interest rates by half a percent. According to Fabrice Montagne of Barclays, “the MPC is expected to accelerate the pace of tightening to 50 basis points.” Britain’s central bank was the first of its major rivals to raise interest rates in December, setting a precedent for them to follow.[2]
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Rebekah Vardy Loses "Wagatha Christie" Libel Case And Gives Interview: On Wednesday, August 3, media personality and footballer's wife Rebekah Vardy lost a libel case that was allegedly worth millions. She was accused of leaking personal stories from fellow celebrity Coleen Rooney to The Sun. This was allegedly "discovered" in 2019 by Rooney after she posted fake information to her Instagram stories that were only viewable by Vardy, and they subsequently appeared in the press, leading to the eventual libel court case and Vardy's disappointed interview.[3]
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Pelosi’s One-Day Visit To Taiwan: On Wednesday, August 3, 2022, United States Politician Nancy Pelosi left Taiwan after a one-day visit. She is the highest-ranking American official to visit Taiwan in the last 25 years. China accused the United States of subverting its sovereignty in the name of democracy. The US president did not support the visit based on military recommendations, given the current hostility between the two countries.[4]
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Zelensky To Legalise Same-Sex Marriage: On Wednesday, August 3, 2022, Ukraine’s President, Volodymyr Zelensky, opened the door to legalizing same-sex civil partnerships in the country. In a message, Zelensky stated that legalizing same-sex marriage would be challenging while the country is at war because it would necessitate a constitutional amendment. Homosexuality became legal in Ukraine after the dissolution of the Soviet Union, albeit there is no legal recognition of same-sex unions.[5]
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Biden Signs Second Executive Order To Protect Abortion Rights: On Wednesday, August 3, 2022, Joe Biden signed a second executive order to protect access to reproductive healthcare. The HHS will be directed to assist health workers in dealing with the complex and fluctuating rules on abortion as a result of the Supreme Court’s decision to overturn Roe v Wade. Abortion is illegal in at least ten states, with a partial ban in four more.[6]
Sources: [1] Reuters [2] Reuters [3] The Guardian [4] BBC [5] CNN [6] The Guardian
Climate Crises
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Analysts Clamour For More Evidence To Support Climate Catastrophe: On Monday, August 1, 2022, a new review showed the existing evidence on climate change leading to human extinction comes primarily from scientific literature rather than genuine research. According to the analysis, not enough attention has been paid to the potential extreme outcomes of warming temperatures and climate change because most scientific research has been limited to studying the effect of warming temperatures between 1.5 and 2 degrees Celsius as a result of the Paris Accords.[1]
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Kentucky Flood Claims 37 Lives: On Tuesday, August 2, 2022, the death toll from the recent flood in Kentucky increased to 37 as the state’s impacted region braces for further rain. More than 12,000 houses are without power and energy, schools are closed, and infrastructure worth millions of dollars has been destroyed. President Biden labeled the flooding a major disaster and dispatched federal agencies to the state to assist local rescue teams with evacuation.[2]
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