Uganda has lost its only international airport to China after it failed to repay its loan. Uganda is the latest African country to fall into China’s debt trap and had to give up national assets to China.
In which John Green teaches you about the economic malaise that beset the United States in the 1970s. A sort of perfect storm of events, it combined the continuing decline of America’s manufacturing base and the oil shocks of 1973 and 1979, and brought about an stagnant economy, paired with high inflation. Economists with aContinue reading “Ford, Carter, and the Economic Malaise: Crash Course US History #42”
Pelosi and Schumer said they would attach a debt-ceiling suspension to the government-funding bill. McConnell quickly struck down the idea, saying the GOP would not vote for the legislation. They effectively dared him to vote for the US to default on its debt, and he met their dare. As the White House stressed the urgencyContinue reading “Mitch McConnell says the GOP will vote for the US to default on its debt”
In which John Green teaches you about the New Deal, which was president Franklin D. Roosevelt’s plan to pull the united States out of the Great Depression of the 1930’s. Did it work? Maybe. John will teach you about some of the most effective and some of the best known programs of the New Deal.Continue reading “The New Deal: Crash Course US History #34”
Belarusian leader Alexander Lukashenko is forging closer ties with Russia. Isolated by the West, Lukashenko has agreed to a road map for closer integration that stops short of political union — for now at least. Some events are long in the making. Back in 1999, the leaders of Belarus and Russia signed a treaty onContinue reading “Will Russia swallow up Belarus?”
In which John Green teaches you about the Great Depression. So, everybody knows that the Great Depression started with the stock market crash in 1929, right? Not exactly. The Depression happened after the stock market crash, but wasn’t caused by the crash. John will teach you about how the depression started, what Herbert Hoover triedContinue reading “The Great Depression: Crash Course US History #33”
Democratic Republic of the Congo is seeking what it says is a fairer share of its vast mineral wealth. Felix Tshisekedi, the president of the Democratic Republic of the Congo (DRC), has called for a review of mining contracts signed with China in 2008 by his predecessor, saying he wanted to get fairer deals. AContinue reading “DR Congo president seeks review of mining contracts with China”
Russian president announces agreement on macroeconomic policies, and common tax and customs measures Vladimir Putin and Belarusian leader Alexander Lukashenko said they had made progress toward integrating the two countries’ economies during a summit on Thursday evening in advance of massive joint military exercises. Speaking late on Thursday, Putin said the two leaders had agreed to coordinateContinue reading “Putin and Lukashenko move to integrate economies of Russia and Belarus”