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26 Jul 2025 - 05:36 pm

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Floydneect

26 Jul 2025 - 04:11 pm

Job losses
But what about the impact of tariffs on job creation? Surprisingly, an increase in import taxes has been found to result in slightly more unemployment across countries.
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An example provided by Irwin at Dartmouth College points to one plausible explanation — and it has to do with the steeper cost of imported goods.

“A number of studies have shown, on net, we lost jobs from the (2018) steel tariffs rather than gained jobs because there are more people employed in the downstream user industries than in the steel industry itself,” he said.
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A study by the Federal Reserve Board found that a rise in input costs resulting from US tariff hikes in 2018-19 led to job losses in American manufacturing. The damage from those higher expenses was compounded by retaliatory taxes on US exports, more than offsetting a small boost to manufacturing employment from US tariffs — at least so far, the 2024 paper said.

Retaliation by other countries is indeed another danger of pulling the tariff lever. Higher tariffs on American exports would typically raise their prices for foreign consumers, hitting demand for the goods in many cases.

When Trump announced new tariffs this year, America’s major trading partners were quick to strike back with their own levies, although the US then agreed a temporary truce with China and the European Union.

Costs of free trade
While economists generally agree that free trade has benefited the global economy in recent decades, they acknowledge that it comes with certain costs.

One is the loss of jobs in communities that are particularly exposed to new competition from foreign manufacturers.

That is similar to the impact of technological progress on workers. “Manufacturing jobs as a share of the labor force have come down everywhere. It isn’t a US-specific story,” said Gimber at JPMorgan Asset Management, pointing to automation.

He drew a parallel between helping workers affected by higher imports and what is known as a just transition — the idea that the drastic changes needed to move toward a greener economy should be fair to everyone and minimize harm to workers and communities.

In both cases, providing workers in impacted industries with new skills or retraining them could be key, Gimber said.

Another potential cost of free trade is dependency on far-flung manufacturers. That took on new relevance during the pandemic, which snarled global supply chains, contributing to shortages of products such as face masks and respirators in the US and elsewhere.

However, economists do not typically see tariffs as a good way to build up domestic manufacturing, Fatas at INSEAD said, noting that subsidies for specific industries are viewed as a better tool “because they work more directly.”

But perhaps the strongest argument in favor of free trade is its importance to maintaining peace between nations.

As Gimber’s colleague David Kelly noted in March, closer trade relations give countries more to lose in any conflict.

Georgeaeron

26 Jul 2025 - 03:52 pm

Rescuers are hailing as a “four-legged hero” a furry Chihuahua whose pacing atop an Alpine rock helped a helicopter crew find its owner, who had fallen into a crevasse on a Swiss glacier nearby.
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The man, who was not identified, was exploring the Fee Glacier in southern Switzerland on Friday when he broke through a snow bridge and fell nearly 8 meters (about 26 feet), according to Air Zermatt, a rescue, training and transport company.

Equipped with a walkie-talkie, the man connected with a person nearby who relayed the accident to emergency services. But the exact location was unknown. After about a half-hour search, the pacing pooch caught the eye of a rescue team member.
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As the crew zeroed on the Chihuahua, the hole the man fell into became more visible. Rescuers rappelled down, rescued the man and flew him and his canine companion to a hospital.

“Imagine if the dog wasn’t there,” Air Zermatt spokesman Bruno Kalbermatten said by phone. “I have no idea what would happen to this guy. I think he wouldn’t survive this fall into the crevasse.”

On its website, the company was effusive: “The dog is a four-legged hero who may have saved his master’s life in a life-threatening situation.”

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26 Jul 2025 - 02:48 pm

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Egypt’s first large-scale hybrid solar and battery plant has begun construction as the country looks to its abundant sunshine to help fix its energy crisis.

Obelisk, located in Nagaa Hammadi, will combine 1.1 gigawatts of solar production with 200 megawatt hours of battery storage. The $590 million project is being built by Scatec, a Norwegian renewable energy company mostly working in emerging markets.

Scatec already has four other renewable projects in Egypt, and the north African country is aiming to increase its share of renewable production from 13% in 2023, to 42% by 2030.
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Around three quarters of Egypt’s electricity comes from gas. But in recent years, as its domestic gas production fell, it became reliant on imports and rising gas prices plunged Egypt into a series of blackouts.

Renewable projects are becoming increasingly attractive to emerging economies, which tend to be hit the hardest by rising fuel prices, Terje Pilskog, CEO of Scatec told CNN. “With renewables, you are not dependent on importing fuels,” he said. “It is also about predictability.”

Sixty percent of the world’s best land for solar development is in Africa, according to the industry body Global Solar Council, but in 2023, only 3% of the continent’s energy came from solar. In 2024, 75% of all new solar projects were built in South Africa or Egypt, however 18 countries across Africa have the potential to install more than 100 MW solar projects in 2025, compared to two in 2024. The continent is aiming to reach 300 GW of solar capacity by 2030, which is more than the current capacity of the US.

Although Egypt is looking for new domestic gas resources, it has set ambitious renewable energy targets, and hosted the COP27 climate conference in 2022. But the driving force behind these new renewable projects is economic, not environmental, said Karim Elgendy, executive director of Carboun Institute, an energy and climate think tank for the Middle East and North Africa.

With an overreliance on gas, and with declining production from its flagship Zohr gas field, Egypt is struggling to keep the lights on.

Egypt issued a tender to import nearly two million tons of fuel oil in May and June to meet its electricity needs as gas imports became too expensive. The summer brings high demand, as air conditioning units are turned on to combat the intense heat – average highs can reach 42 Celsius (108 Fahrenheit) in the south. Prime Minister Mostafa Madbouly recently urged people to curb their energy usage to avoid blackouts.

Rafaelkek

26 Jul 2025 - 02:09 pm

Santa Fe, New Mexico
AP — At least three people were missing in a mountain village in southern New Mexico that is a popular summer retreat after monsoon rains triggered flash flooding Tuesday that was so intense an entire house was swept downstream.
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Emergency crews carried out at least 85 swift water rescues in the Ruidoso area, including of people who were trapped in their homes and cars, said Danielle Silva of the New Mexico Department of Homeland Security and Emergency Management.

No deaths were immediately reported, but Silva said the extent of the destruction wouldn’t be known until the water recedes.
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“We knew that we were going to have floods … and this one hit us harder than what we were expecting,” Ruidoso Mayor Lynn D. Crawford said during a radio address Tuesday night.

Crawford said that some people were taken to the hospital, although the exact number was not immediately clear. He encouraged residents to call an emergency line if their loved ones or neighbors were missing.
The floods came just days after flash floods in Texas killed over 100 people and left more than 160 people missing.

In New Mexico, officials urged residents to seek higher ground Tuesday afternoon as the waters of the Rio Ruidoso rose nearly 19 feet in a matter of minutes amid heavy rainfall. The National Weather Service issued flood warnings in the area, which was stripped of vegetation by recent wildfires.

A weather service flood gauge and companion video camera showed churning waters of the Rio Ruidoso surge over the river’s banks into surrounding forest. Streets and bridges were closed in response.

Kaitlyn Carpenter, an artist in Ruidoso, was riding her motorcycle through town Tuesday afternoon when the storm started to pick up, and she sought shelter at the riverside Downshift Brewing Company with about 50 other people. She started to film debris rushing down the Rio Ruidoso when she spotted a house float by with a familiar turquoise door. It belonged to the family of one of her best friends.

Her friend’s family was not in the house and is safe, she said.

“I’ve been in that house and have memories in that house, so seeing it come down the river was just pretty heartbreaking,” Carpenter said. “I just couldn’t believe it.”

There were also reports of dead horses near the town’s horse racing track, the mayor said.

Two National Guard rescue teams and several local teams already were in the area when the flooding began, Silva said, and more Guard teams were expected.

The area has been especially vulnerable to flooding since the summer of 2024, when the South Fork and Salt fires raced across tinder-dry forest and destroyed an estimated 1,400 homes and structures. Residents were forced to flee a wall of flames, only to grapple with intense flooding later that summer.

Josephpoege

26 Jul 2025 - 12:58 pm

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Processo de Registro no KTO: Um Guia Passo a Passo
Comecar sua jornada de jogos no KTO e rapido e facil, mas existem alguns passos essenciais a serem seguidos.

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Acesse o site oficial da KTO e procure pelo botao “Cadastre-se”. Ao clicar nele, voce sera direcionado para uma pagina de registro onde devera inserir seus dados.

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Voce precisara fornecer informacoes pessoais basicas, como nome completo, endereco de e-mail, data de nascimento e numero de telefone.

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Para sua seguranca, sera necessario criar um nome de usuario e uma senha forte. Estes serao os dados que voce usara toda vez que fizer login na sua conta KTO.

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Antes de clicar no botao “Enviar”, reserve um momento para revisar os termos e condicoes e a politica de privacidade da KTO.

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Apos completar o formulario de registro, voce recebera um e-mail de confirmacao da KTO. Basta abrir o e-mail e clicar no link de verificacao para ativar sua conta.

6. Faca Seu Primeiro Deposito

Agora que sua conta foi verificada, e hora de realizar o deposito! A KTO oferece diversas opcoes de pagamento, entao escolha a que melhor se adapta a voce. Seja por transferencia bancaria, cartao de credito ou outro metodo, seus fundos estarao disponiveis rapidamente, prontos para voce comecar a apostar ou jogar seus jogos favoritos de cassino!

A KTO e a Conformidade com as Novas Regulacoes Brasileiras (2025)
Aqui esta onde as coisas ficam ainda mais interessantes (e importantes)! A KTO esta se preparando para cumprir integralmente as novas regulamentacoes brasileiras de jogos, que comecarao a ser aplicadas em 1? de janeiro de 2025. Mas nao se preocupe – a KTO ja iniciou a implementacao das mudancas para tornar essa transicao o mais suave possivel para voce. Se voce e um usuario brasileiro (ou usara a KTO no Brasil), veja o que voce precisa fazer:

Processo de Verificacao Atualizado
Da proxima vez que voce acessar sua conta na KTO apos 1? de janeiro de 2025, sera solicitado que voce:

Aceite os Termos e Condicoes e a Politica de Privacidade atualizados.
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Complete o processo de verificacao de identidade (Face&ID).
Esses passos sao fundamentais para garantir que sua conta permaneca ativa e em conformidade com as regulamentacoes brasileiras. Embora essas novas regras sejam essenciais, a KTO se compromete a oferecer a voce uma experiencia tranquila.

Atualizando Seus Dados de Conta
Precisa atualizar seu e-mail ou numero de telefone? E facil! Voce pode fazer essas alteracoes diretamente nas configuracoes da sua conta KTO. Basta acessar sua conta, ir para a secao “Minha Conta” e clicar em “Configuracoes” para editar seus dados. Esta tudo em suas maos – voce pode gerenciar as informacoes da sua conta com apenas alguns cliques!

Se precisar alterar dados mais sensiveis (como nome ou data de nascimento), o suporte da KTO esta a disposicao para ajudar. Eles irao orienta-lo pelo processo e auxiliar no envio de qualquer documentacao necessaria.

Edmondhar

26 Jul 2025 - 12:30 pm

“We know that the water levels seemed to be higher than they were last summer,” Silva said. “It is a significant amount of water flowing throughout, some of it in new areas that didn’t flood last year.”
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Matt DeMaria, a meteorologist with the National Weather Service in Albuquerque, said storms formed in the early afternoon over terrain that was scorched last year by wildfire. The burn scar was unable to absorb a lot of the rain, as water quickly ran downhill into the river.

Preliminary measurements show the Rio Ruidoso crested at more than 20 feet — a record high if confirmed — and was receding Tuesday evening.

Three shelters opened in the Ruidoso area for people who could not return home.
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The sight brought back painful memories for Carpenter, whose art studio was swept away during a flood last year. Outside, the air smelled of gasoline, and loud crashes could be heard as the river knocked down trees in its path.

“It’s pretty terrifying,” she said.

Cory State, who works at the Downshift Brewing Company, welcomed in dozens of residents as the river surged and hail pelted the windows. The house floating by was “just one of the many devastating things about today,” he said.

Coreyhom

26 Jul 2025 - 12:22 pm

Indian and Chinese travelers hail end of visa freeze between world’s two most populous nations as diplomatic tensions thaw
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They are the two most populous countries in the world and neighbors clamoring for more tourists, but for much of the last five years it has been difficult for Indian and Chinese nationals to vacation in each other’s nations.

Now that looks set to finally change as previous fractious relations between the two Asian giants finally begin to thaw.
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India will issue tourist visas for Chinese citizens for the first time in five years, allowing nationals from its neighboring country to freely visit each other, marking a significant reset in relations after a deadly border clash sent ties into a deep freeze.

From Thursday, July 24, Chinese citizens can apply for tourist visas to India, the Indian embassy in Beijing said Wednesday.

This “positive news” is in the “common interests of all parties,” China’s foreign spokesperson Guo Jiakun said. “China is willing to maintain communication and consultation with India to continuously improve the level of facilitation of personnel exchanges between the two countries.”

There has been a gradual normalization of ties between India and China in recent months after relations were deeply strained in June 2020, when a brutal hand-to-hand battle in the Galwan Valley left at least 20 Indian and four Chinese soldiers dead.

Both nations maintain a heavy military presence along their 2,100-mile (3,379-kilometer) de facto border, known as the Line of Actual Control (LAC) – a boundary that remains undefined and has been a persistent source of friction since their bloody 1962 war.

The 2020 clash in the disputed region between Indian Ladakh and Chinese-controlled Aksai Chin marked the first deadly confrontation along India and China’s disputed border in more than 40 years.

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