The Tyranny Of One Man's Opinion

Where Child Poverty Is Highest (And Lowest) In The OECD Child poverty rates vary widely across OECD economies, ranging from less than 5% in Finland to nearly 30% in Costa Rica. This visualization, via Visual Capitalist's Melissa Garside, ranks OECD countries by the share of children ages 0–17 living below the poverty line in 2023. The poverty line is defined as half the median household income of the total population, meaning the measure is relative to living standards within each country. As a result, countries with the same poverty rate can...

Piper Sandler Sounds Alarm: Shrinking Oil Buffers To Collide With Winter Demand Piper Sandler global energy strategist Jan Stuart wrote in a note on Friday that the physical oil market is flashing major warning signs, including disrupted exports, depleted inventories, and an ongoing diesel shortage crisis, all converging ahead of stronger fourth-quarter demand. Saudi Arabia's export squeeze is becoming a major problem. The kingdom's crude shipments remain halved as Iran-backed Houthis begin to dent Red Sea loadings while Persian Gulf shipments remain depressed. Houthis overnight seized Mokha in the Bab el-Mandeb Strait, suggesting commercial traffic...

More Defense Spending, More Climate Redistribution: The EU Spins A $2.2 Trillion Wealth Transfer Machine Submitted By Thomas Kolbe Negotiations over the European Commission's next seven-year budget are entering their decisive phase. Should Ursula von der Leyen and her allies succeed with their plans, Germany will once again shoulder a substantial financial burden. By now, however, Germans have become accustomed to that reality. Across the world, public debt levels are approaching dangerous flood marks. The global economy is effectively drowning in debt, with total public liabilities now exceeding 95% of global GDP....