News Burst 28 March 2022
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News Burst 28 March 2022 – Featured News
- Elon Musk is giving “serious thought” to building a new social media platform, the billionaire said in a tweet on Saturday. Musk was responding to a Twitter user’s question on whether he would consider building a social media platform consisting of an open source algorithm and one that would prioritize free speech, and where propaganda was minimal. Musk has been critical of the social media platform and its policies of late. He has said the company is undermining democracy by failing to adhere to free speech principles. His tweet comes a day after he put out a Twitter poll asking users if they believed Twitter adheres to the principle of free speech, to which over 70% voted “no”.
- Italian Unicredit Bank in Banja Luka, Bosnia and Herzegovina, is ordered to pay BAM 256m (USD 149m) in damages to Bitminer Factory from the city of Gradiška for a mistake that had ultimately led to the mining project’s failure, local news site Capital reported – after nearly two and a half years of the “largest crypto-related dispute in Europe”. The bank had allowed the company to open an account with them in order to establish a renewable energy mining venture, but ultimately refused to do business with them, which the company argued led to the project’s failure.
- In the Azores, some residents on Sao Jorge have packed up their bags and left the tiny island as fears of a potentially more significant disaster is lurking ahead following more than 12,000 tremors recorded since last Saturday, according to Daily Express. Earthquake swarms “are likely caused by a magmatic intrusion at 10-15 km depth and could indicate renewed eruptive activity in the future,” VolcanoDiscovery said. Around 200 of the quakes have registered a magnitude of up to 3.3.
- In latest reaction to US President Joe Biden’s “cannot remain in power” and “butcher” remarks on his Russian counterpart Vladimir Putin, French President Emmanuel Macron cautioned against a verbal “escalation” of the ongoing Ukraine war. Macron is one of the prominent leaders of the West, who has on several occasions, spoken to Putin following the Russian invasion of Ukraine last month.
- The world’s largest owner of commercial real estate, Blackstone has turned over the keys of 1740 Broadway, a 26-story office tower a block from Carnegie Hall, to the special servicer on its $308M commercial mortgage-backed security, Commercial Observer reports. Blackstone has extensive Manhattan holdings, and the decision to hand the keys to Green Loan Service is “a one-off occurrence,” a source close to the deal told CO. The future of the office market across the country is in a state of flux, with many employees electing to keep working from home at least of some of the time. In New York, Manhattan’s office availability rate hit 17.4% last month, a new record, according to Colliers. Since the pandemic began in March 2020, overall availability has increased by 74.1% and now sits at nearly 94M SF.
- The leader of the Lugansk People’s Republic, one of the two breakaway territories in the Donbas that have been recognized by Moscow as independent states, said Sunday that he is planning to hold a referendum on joining the Russian Federation “in the near future”. Speaking to journalists on Sunday, Leonid Pasechnik said that “in the near future a referendum will be held in the republic, where people will exercise their absolutely constitutional right, and give their opinion with respect to joining Russia.”
- Yet in the span of a few weeks, the Soyuz’s prospects have been severely diminished in the fallout from Russia’s war in Ukraine. The nation’s moves to rework commercial contracts, halt deliveries and effectively seize property from Western customers has shaken the industry’s faith in Russia and its signature rocket. ““Russia’s action threatens to permanently remove Soyuz from the list of globally used launch vehicles.”,” said Caleb Henry, a senior analyst at Quilty Analytics, a research and advisory firm. While the rocket had already been facing rising competition from new launch vehicles, the latest moves accelerate the shift away from Soyuz, opening the door for US and European firms such as SpaceX, Rocket Lab USA Inc. and Arianespace SA.
- India – The annual Amarnath Yatra will start on June 30, two years after it was suspended because of the Covid-19 pandemic, Jammu & Kashmir lieutenant governor Manoj Sinha announced on Sunday. Sinha asked officials to be proactive and ensure elaborate arrangements for a smooth pilgrimage as a large number of devotees are expected this year, according to officials familiar with the proceedings of the meeting. Nitishwar Kumar, chief executive of the shrine board, gave a brief overview of the route map of the pilgrimage and various services being made available en route and at the shrine, a J&K administration spokesperson said. Only 10,000 pilgrims will be allowed in a day on each route, excluding those travelling by helicopter.
- After Friday prayers, Yemenis demonstrated in many neighborhoods in Sana’a, Hudaydah, and Raymah to protest the ongoing blockade on the Red Sea port of Hudaydah, which is a lifeline for millions of Yemenis. The protesters said that the seizure of fuel ships was a “deliberate” attempt to inflict pain on the Yemeni people. They also stressed that the schemes to starve Yemenis “would not succeed in bringing the Yemeni people to their knees.” In response to the coalition’s crimes, the demonstrators warned that the prolonged blockade will have “dire consequences,” encouraging the Yemeni army and its associated fighters from popular committees to escalate their “painful strikes” on targets deep within Saudi Arabia and the United Arab Emirates. After 7 years of war, nearly 380,000 Yemenis died and 23 million are deprived of basic food needs.
- The European Union has not yet discussed a possible ban on the Russian diamond sector, Belgian Prime Minister Alexander De Croo announced on Friday upon his arrival at the EU summit. “I have yet to see a proposal to ban diamonds on the negotiating table. I want to emphasize: Belgium will not block this decision, but you have to make sure that it will harm Russia and not EU countries. It will be useless if the flow of diamonds is only going to Dubai, proper international solutions are needed,” he added. Belgium is one of the main importers of Russian diamonds for its developed jewelry industry. Earlier, a number of European media reported that the country had blocked EU sanctions talks over the import of Russian diamonds.
- “The five worst presidents” ever in US together couldn’t have done more damage than Biden has managed in just 15 months, former leader insists. Former US president Donald Trump has suggested that Joe Biden should have nothing to do with Ukraine, alluding to the controversial business dealings of the incumbent US president’s son in the ex-Soviet state. “We have a president that has no idea what the hell he’s doing and has no idea even where he is. The fake news, they’re trying to say he’s acting brilliantly,” he said. But, according to Trump, this isn’t the case at all.
- Asian importers of Russian gas expressed confusion this week over Moscow’s demand to pay for deliveries in roubles. On Wednesday, Russian President Vladimir Putin said “hostile countrieswould continue to receive Russian natural gas in volumes and at prices fixed in contracts, but must now pay for the goods in the country’s national currency. In Asia, these countries include Japan, South Korea and Taiwan, which import liquefied natural gas (LNG) from Russia’s Sakhalin-2 and Yamal LNG projects. Commenting on the development, Japanese Finance Minister Shun’ichi Suzuki said Tokyo was confused about Russia’s request. Suzuki noted that Tokyo’s decisions on further sanctions against Moscow will be made taking into account their possible impact on the Japanese economy and financial markets.
- Ukraine and its allies are working to expel Russia from the International Atomic Energy Agency (IAEA), or at least remove its representatives from key posts in the watchdog, an official said on Sunday Ukrainian to journalists.
- More than 30 indigenous elders, residential schools survivors and young people will meet him several times at the Vatican between Monday and Friday in what Canada’s Catholic Church has called a process of healing and reconciliation. The meetings would also focus on “the role of the Catholic Church in the residential school system, which contributed to the suppression of indigenous languages, culture and spirituality,” it said. The recurring schools scandal broke out again last year with the discovery of the remains of 215 children at the former Indian Residential School in Kamloops in the Western Canadian province of British Columbia.
News Burst 28 March 2022 – Bonus IMG
Google Maps For The Antarctic
Scientists that found Shackleton’s lost ship are developing a ‘Google Maps for the Antarctic’. Navigating the polar regions is almost as complicated now as it was when Ernest Shackleton’s HMS Endurance sank in 1915. But the technology used to find the shipwreck could help create “a kind of Google Maps for the Arctic and Antarctic”.
News Burst 28 March 2022 – Bonus Video
Kirtland AFB, 2022
News Burst 28 March 2022 – Earthquakes
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