One Sentence News Por arte de portada

One Sentence News

De: Colin Wright
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  • Three news stories a day, one sentence of summary and one sentence of context, apiece. Each episode is concise (usually less than 5 minutes long), politically unbiased, and focused on delivering information and understanding in a non-frantic, stress-free way. OSN is meant to help folks who want to maintain a general, situational awareness of what's happening in the world, but who sometimes find typical news sources anxiety-inducing, alongside those don't have the time to wade through the torrent of biased and editorial content to find what they're after. Hosted by analytic journalist Colin Wright.

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  • One Sentence News / June 7, 2024

    One Sentence News / June 7, 2024
    Jun 7 2024
    Three news stories summarized & contextualized by analytic journalist Colin Wright.Officials overseeing Indonesia capital city project resign, raising questionsSummary: Two of the people in charge of making Indonesia’s under-construction new capital, Nusantara, a reality have resigned and been temporarily replaced by the public works and housing minister, and the deputy agrarian minister, according to the Indonesian government.Context: This project, which is expected to cost something like $32 billion, is meant to move the mechanisms of state from the country’s current capital, Jakarta, because Jakarta is overcrowded, plagued by immense traffic jams and ever-present pollution, is sinking, and regularly floods; the idea, then, is to move the government to Nusantara to help the state function, but also ease some of those issues in Jakarta; the two people who left were the head and deputy head of the project, though, and while the relocation of the first batch of 12,000 civil servants from Jakarta to Nusantara was planned for this September, they’ve apparently had trouble building enough infrastructure for even that many people, and the project has already been delayed twice amid concerns about a lack of private funding for the venture—so we’ll see on that.—ReutersOne Sentence News is a reader-supported publication. To support my work, consider becoming a free or paid subscriber.Georgia’s divisive ‘foreign agents’ bill signed into lawSummary: Georgia’s legislature, which is controlled by the Georgian Dream party, voted to dismiss a veto by the country’s president earlier this week, officially signing the vetoed bill into law, despite widespread protests against it.Context: The law in question is similar to a law in Russia that essentially allows the government to spy on and harass and even imprison anyone they like, as long as they say that person is a foreign agent, though on the surface it merely allows the government to look more closely at who backs nonprofits operating within their borders; a major concern for the protestors is that this law may make it more difficult for Georgia to someday join the EU, which is something the majority of the country hopes to do, and there are concerns that its passage might have been pushed by politicians under Russia’s sway in order to keep them from becoming more friendly with the West.—France 24Massive melon-size hail could be a Texas recordSummary: A piece of hail the size of a cantaloupe was recovered in Texas last weekend, measuring at least six inches in diameter and possibly setting a new all-time record for the state.Context: This is notable in part because hail has been getting bigger and becoming more frequent across portions of the US, and that’s meant a lot more damage from storms that otherwise might roll through with little long-term economic impact; a recent wave of storms in Texas, though, resulted in what’s been called DVD-sized hail, which is a new casual unit of measurement for such things, and a week later, they got hit by melon-sized hail; none of which is great for the safety of people and animals on the ground, but it’s also pretty terrible for the burgeoning fields of solar panels across the state, and the cars, homes, and other pieces of shatterable and destroyable infrastructure in the impacted areas.—The Washington PostThe world’s biggest social networks are scrambling to find new audiences to attract, as their valuations are partly based on their capacity for future growth, and some of the larger ones seem to have reached the ceiling of global potential customers for their current offerings.—Sherwood News$25,000Announced prices for upcoming electric vehicles by Tesla, Ford, General Motors, and Stellantis.That’s substantially lower than current average EV prices (which tend to be closer to $48,000) and closer to today’s used EV prices, and that of those sold overseas (China has multiple models for around that price and cheaper—though their EV industry, and connected industries like EV batteries, is heavily subsidized by the government).—The New York TimesTrust Click Get full access to One Sentence News at onesentencenews.substack.com/subscribe
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  • One Sentence News / June 6, 2024

    One Sentence News / June 6, 2024
    Jun 6 2024
    Three news stories summarized & contextualized by analytic journalist Colin Wright.Modi claims victory in India’s election but drop in support forces him to rely on coalition partnersSummary: India’s Prime Minister Narendra Modi has won a third term in office following an election that was expected to be a landslide for his BJP party, but which ended up being a relatively close victory that will necessitate he rely upon allied parties to maintain a majority.Context: The BJP’s National Democratic Alliance, which is a right-wing coalition of parties led by Modi and the BJP, won a total of 294 seats—which is more than the 272 required to lock-in a majority—but this is the first time the BJP wasn’t able to achieve that many seats itself since 2014 when it originally swept into power; it only attained 240 seats on its own, compared to the 370 Modi predicted they would receive while on the campaign trail, which means his party may have to cater to the priorities of its allies more than was anticipated.—The Associated PressOne Sentence News is a reader-supported publication. To support my work, consider becoming a free or paid subscriber.In shift, Biden issues order allowing temporary border closure to migrantsSummary: On Tuesday, US President Biden issued a new executive order that prevents migrants who enter the country illegally from seeking asylum when illegal crossing numbers are high, allowing border officers to return those who enter the country to Mexico, or to their home countries.Context: This rule, which the ACLU has said it will challenge in court, activates after the seven-day average for illegal crossings hits 2,500 migrants, which is fairly common at this point; the border then reopens after the number of such crossings drops back down to 1,500 people for a continuous seven days, and then remains at that point or lower for two weeks; this is very similar to policies that former President Trump enacted and attempted while in office, and it’s similar to a piece of legislation that almost made it through Congress earlier this year, before being blocked by Republicans in February, apparently at the behest of Trump, who reportedly told supporters that allowing Biden to take action at the border would hurt Republicans in the upcoming election.—The New York TimesNew Texas stock exchange takes aim at New York’s dominanceSummary: A new stock exchange that plans to file with the SEC later this year is being set up in Texas, and has raised around $120 million from some major players in the investment world.Context: The Texas Stock Exchange is meant to complete with the Nasdaq and NYSE by doing away with some of the regulations that apply to businesses trading on those exchanges, like those related to board diversity and compliance costs; the TXSE is planned to be entirely electronic, with a symbolic physical presence in downtown Dallas; other exchanges have popped up around the US over the years, likewise attempting to compete with New York’s duopoly, but all of them have faltered and plateaud, so far, though the folks backing this Texas-based entrant, including Blackrock and Citadel, suggest this one might have a little more prestige and weight behind it than those that have come before.—The Wall Street JournalDespite tariffs that are being deployed or discussed throughout the Western world, Chinese EVs—which are generally considered to be high-quality, and are almost always cheaper (sometimes substantially so) than their competitors—have seen a large number of new registrations across Europe, jumping a quarter this year so far, alone.—Financial Times$2 billionValue of the US audiobook market in 2023, according to new data from the Audio Publishers Association.That’s up about 9% from the previous year, this growth attributed to an increase in the popularity of the format amongst US adults, about 52% of whom have listened to an audiobook, and 38% of whom have listened to an audiobook in the past year.—Publishers WeeklyTrust Click Get full access to One Sentence News at onesentencenews.substack.com/subscribe
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  • One Sentence News / June 5, 2024

    One Sentence News / June 5, 2024
    Jun 5 2024
    Three news stories summarized & contextualized by analytic journalist Colin Wright.Power cut across Nigeria as workers go on strikeSummary: Millions of Nigerians remain without electricity after a general strike over the cost of living in the country led to the shut-down of electricity substations by union workers.Context: Unions in the country are demanding a significant increase to the local minimum wage of 30,000 naira per month, which is about $22, saying they can’t survive on that pay, and the government has offered to double that wage, though workers have contended that even double wouldn’t cover the cost of enough rice to feed the average person’s family for a month, much less other food, shelter, and expenses; the government has said raising pay beyond what they’ve offered would lead to the collapse of the economy and closure of many businesses that wouldn’t be able to afford to stay in operation, and this is the fourth general strike since President Tinubu stepped into office last year—Tinubu deciding to remove a fuel subsidy and overseeing a substantial drop in the value of the naira after unpegging its value from the US dollar, both decisions having contributed to the country’s current economic crisis, though the government says these are necessary measures for the long-term success of the economy.—BBC NewsOne Sentence News is a reader-supported publication. To support my work, consider becoming a free or paid subscriber.Russia-China gas pipeline deal stalls over Beijing’s price demandsSummary: A major gas pipeline deal between Russia and China has reportedly stalled as the Chinese government has demanded lower prices on the gas that would flow through the new Power of Siberia 2 pipeline between the countries, and the Russian government has balked at this new demand, though may have to accept it, due to Russia’s increasing economic reliance on China.Context: Russia’s state gas monopoly, Gazprom, has been shambling along at a reduced level since Russia’s invasion of Ukraine, which led to an almost complete decoupling of Russia from its at the time primary customers in Europe, and it suffered a loss of nearly $7 billion last year, alone, due to the difficulty it has faced replacing those customers, due to sanctions on its activities; China has been happily buying discounted energy products from Russia during this time, and now it’s saying, in essence, we’ll keep buying your gas and helping you survive this shortfall, but we want close to the same price you charge domestically, which is heavily subsidized; China would also only commit to buying a small portion of what the new pipeline could carry annually, which would leave Russia prone to further, probably China-favoring negotiations, down the line.—Financial TimesIn blow to PM, Brexit champion Nigel Farage to stand in UK electionSummary: In a somewhat surprising move, the politician-turned-TV host who served as one of the most vocal proponents of the UK’s “Brexit” departure from the EU, Nigel Farage, has announced that he’ll be a candidate in next month’s election, leading the right-wing Reform Party.Context: The currently governing Conservative party already faced a pretty bleak outlook in the coming election, as polls show they’ll likely be stomped by Labour in particular, but Farage continues to enjoy a significant following in further-right political circles, and he’s likely to claim some portion of the votes that would have otherwise gone to the Conservatives, possibly further worsening their impending political fortunes.—ReutersA combination of persistent bad weather and the spread of disease in Brazil, which is the world’s largest exporter of orange juice, has caused a surge in futures prices for the product, other markets (like Florida) unable to pick up the slack because of their own combination of weather and economic issues.—Sherwood News$1 billionInitial sum Melinda French Gates has committed to spending over the next two years on people and organizations focused on women, families, and reproductive rights.The announcement of this new wave of donations came alongside an announcement that Gates would be leaving the Bill & Melinda Gates Foundation to do her own thing, contributing to different sorts of projects and using different metrics of success for those projects than her ex-husband, Bill Gates, who also spends most of his time on philanthropic efforts, these days.—The New York TimesTrust Click Get full access to One Sentence News at onesentencenews.substack.com/subscribe
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