Tag

Political Inaction

All articles tagged with #political inaction

climate-change2 years ago

The Urgent Need for Action: Climate Change's 'New Normal'

Climate change is fueling an increase in extreme weather events, with floods, heatwaves, storms, and wildfires occurring simultaneously across the United States. Despite the growing frequency and severity of these disasters, only a small percentage of Americans consider global warming a top priority. Climate scientists warn that the situation is likely to worsen, with a powerful El Niño expected to unleash more heat into the atmosphere. However, societal change and action to reduce greenhouse gas emissions remain limited, as people are reluctant to give up their comfort and convenience. The cumulative effects of climate change are already evident, with the planet warming by 1.2 degrees Celsius compared to preindustrial levels. Urgent action is needed to address the catastrophic consequences of climate change before it's too late.

economy2 years ago

Lebanon's currency hits record low against US dollar.

The Lebanese pound has hit a historic low against the US dollar on the country's parallel market, trading at 100,000 against the greenback, a dizzying plunge from 1,507 before the economic crisis hit in 2019. Lebanese banks, which have long imposed draconian withdrawal restrictions, were closed on Tuesday as they resumed an open-ended strike. Political inaction and a lack of accountability have been a hallmark of the Lebanese economic crisis, with officials failing to enact any of the reforms demanded by international creditors in return for unlocking billions of dollars in emergency loans.