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Mar 9 5 tweets 3 min read
1/ The US banned Russian oil imports. That's a big deal for three reasons:

🇷🇺 Russia is the world's third-largest oil producer
🛢️ Oil is a big global market, so a hit on Russia could ripple out
⛽ Gas is pricey in the US, and the ban could send prices even higher
2/ The average price hit $4.25 on Wednesday, topping a 14-year high, though not a historic high when adjusted for inflation.

President Biden has been blamed for rising prices, though presidents don't set prices. trib.al/mEBe1Lr
3/ Gas prices are high in the US in part because production isn't keeping up with demand.

Remember that just two years ago, the oil and gas industry was in a complete free fall when demand crashed because of the pandemic. trib.al/mEBe1Lr
4/ Last year, about 8% of US oil imports came from Russia. Europe, meanwhile, relies on Russia for about 40% of its natural gas and more than a quarter of its oil.

Exporting more natural gas to Europe won't cut its reliance on Russia. Here's why:
5/ There is no evidence that Biden's decision to cancel the Keystone XL oil pipeline caused higher gas prices.
trib.al/mEBe1Lr

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More from @voxdotcom

Mar 10
If you got a raise last year, congrats!

Unfortunately, unless your wages or salary increased more than the national average of 4.5% last year, inflation likely canceled it out, @ranimolla reports. trib.al/x5iuWga Image
@ranimolla Inflation is at a 40-year high, with prices up 7.9% on average over the past year.

Its effect can be felt in everyday purchases, including:
🛢️ Gas
🏡 Rent
🥚🥛🍞 Groceries

trib.al/x5iuWga
@ranimolla Inflation means consumers have less buying power.

While nominal hourly earnings (the literal amount you're paid) grew 5.1% on average in Feb. 2022 compared with Feb. 2021, real wages — or wages adjusted for the effects of inflation — declined 2.6%. trib.al/x5iuWga
Read 6 tweets
Mar 4
Russia's invasion of Ukraine could raise food prices and increase world hunger.

That's because Russia and Ukraine are top global suppliers of agricultural products, especially wheat.
Conflict has historically been a driver of food price hikes.

Studies have found a feedback loop: Conflict causes higher food prices, and higher food prices can cause conflict, even in places that aren't directly affected by the original event. trib.al/yKnOmuf
Disruptions to Russian/Ukrainian exports will likely have damaging affects, especially in the Middle East, South Asia, and North Africa.

Countries in those regions rely on Russian/Ukrainian imports for their wheat supply. Many of them already experience widespread hunger.
Read 6 tweets
Mar 4
Since Russia invaded Ukraine last week:

• 1M+ people have been displaced
• Major cities have faced violent attacks, with civilian deaths
• Medical supplies and basic needs are in short supply

If you want to help, here is where you should give. trib.al/Rl6CSHu Image
Right now, with help from the international community, Europe is handling an influx of refugees.

To continue to do it successfully, It will need more supplies and money — and fast. Image
Ukrainian men aged 18 to 60 have been banned from leaving the country and urged to fight Russian troops.

That means those fleeing are mostly women, children, and elderly. You can support them. Image
Read 9 tweets
Mar 3
Global warming is threatening biodiversity and ecosystems — and five statistics reveal how grave the risk is.

That's according to new report released earlier this week by the UN's Intergovernmental Panel on Climate Change (IPCC). trib.al/hTqLb7f
In the next few decades, some plants and animals will likely experience temperatures "beyond their historical experience."

Even 1.2°C of warming — just above current levels — puts many ecosystems at risk from heatwaves, drought, and other climate extremes. Image
Global warming has already extinguished local populations of many creatures.

For example, the American pika seen here has disappeared from a large swath of its former habitat, likely due to climate change, according to a 2017 study. Image
Read 9 tweets
Sep 1, 2021
The stakes of a SCOTUS case concerning Texas's new anti-abortion law are enormous.

By refusing to stop a law that violates decades-old precedent protecting the constitutional right to an abortion, SCOTUS has effectively changed that precedent.

Thread. vox.com/2021/8/31/2265…
The law, SB 8, is huge loss for abortion rights in Texas. It effectively bans most abortions; at six weeks, many people don't even know they're pregnant.

Abortion providers warned of the dangers of the law in an emergency request to SCOTUS, which it declined to take up:
Crucially, no court has actually reached the core question at the heart of this case: whether the law is unconstitutional.

If the justices remain silent, they will bless a tactic that could be used to undermine virtually any constitutional right.
vox.com/2021/8/31/2265…
Read 7 tweets
Jul 22, 2021
1/ Olympic athletes spend years training to break world records and compete against the best of the best.

Have you ever wondered how — or if — those athletes get paid? vox.com/the-goods/2258…
2/ Some 11,000 athletes are competing in the Tokyo #Olympics.

The vast majority of those athletes are not rich, or even close to being wealthy.

According to one survey of elite athletes from 48 countries, more than half are financially unstable.
3/ If you're an Olympian, there are really only two routes to getting paid:

1. Prize money for medals — if that's something your country does.

2. Sponsorships — but an IOC rule severely limits what these endorsements look like for brands that aren’t official Olympic partners.)
Read 5 tweets

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