politicodiary

Libyan economic failures are forcing farmers to go out of work and abandon farming moving towards alternative sources of incomes. Libyan farmers are losing hope as they are starting to desert their cultivations are moving elsewhere. The reason is high rise of prices of raw materials and supplies that are being used in agriculture. This has been confirmed by a report published by the London-based newspaper that writes on the Middle East . Cost of living is high, and farmers are having to look for alternatives to fend for themselves and their families. According to many farmers who have spoken to this media source, price of agricultural inputs have doubled in the recent years and that imported goods have also caused severe damage to their local crops yields. Financial losses are difficult to mitigate as the economy is already in doldrums for the longest time. Lack of supplies in the market and cost of living escalations has forced most farmers to shift to alternate modes of employmen...

Africa is likely to get badly affected by the current situation between Russia and Ukraine. The already affected economy due to Coronavirus is likely to be hit badly with high prices, weak investments and increasing prices of commodities. Africa has high dependency on Russia and Ukraine for wheat, oil and maze and with the shipments on hold, there is extreme shortage and therefore increase in prices. The most affected products will be food stuff like oil and wheat, as these are expected to have the highest effect of inflation. Price of crude oil are ever time high with surge of five times since the start of war, touching the 2008 prices if almost $120. Prices of wheat have increased 50% in last one month, touching the highest point in last 14 years. Europe produces 14% of global wheat, out of this 10% is produced by Russia and 4% is produced by Ukraine. With the sanction on Russia and already tight supplies, the situation is further aggravated. Currently the ports are closed and al...

Joe Biden used his first State of the Union address to ensure the American public that he was going to take Russia to task for its gross disregard for human lives. He highlighted the resolve of a reinvigorated Western alliance too. On the flipside, a leading Russian bank Sberbank has decided to pull out of European markets amid tightening Western sanctions. Biden addressed the nation on his 9pm speech on the national television, seen by the entire world. Days after Russia attacked Ukraine and Biden appointed the first black woman to sit on the Supreme court, his speech gains special importance. America is facing the highest inflation rate in history, caused by coronavirus pandemic. Additionally, the all-time low job market of 37% is another important topic for Americans. For the President this is a difficult task of maintaining balance between the current crisis faced by country and his political legislative wins so far. His leadership position is been tested on the current crisis and ...