If Gulf states begin diversifying away from dollar settlement in energy trade, it would represent a gradual structural shift in how the global oil system interfaces with US financial power

This is the end of the petrodollar The deal was that the US would provide the GCC ruling families with military support. In exchange, the ruling families promised to sell their oil in USD and recycle their vast surpluses into …

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Relax, you’re only 20% responsible for your own health. ‘You can blame structural racism.’… ‘Health equity researcher’ is an actual thing.

Dismissing individual responsibility for health, MSNBC guest claims only 20% accountability, attributing the rest to dubious factors like systemic racism. The study’s reliance on subjective indicators raises skepticism. MSNBC Guest Says Individuals Only ‘About 20%’ Responsible For Their Own Health, …

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Vatican’s Becciu scandal reveals corruption, betrayal; financial turmoil echoes, reshaping Church’s moral and structural foundations.

The narrative surrounding Cardinal Angelo Becciu’s scandal paints a vivid picture of corruption and betrayal within the Vatican’s sacred walls. The intense courtroom proceedings, under Giuseppe Pignatone’s watchful eye, unravel a complex web of financial crimes involving key figures. The …

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“These vulnerabilities will remain for some time.” Fitch Ratings lowered the operating environment score for U.S. banks in June to ‘aa-‘ from ‘aa’ mainly due to structural uncertainty around the path and rate of monetary tightening & gaps in in the regulatory framework.

by Dismal-Jellyfish https://www.fitchratings.com/research/banks/further-cut-to-us-bank-oper-environment-score-would-require-structural-change-17-08-2023 Fitch Ratings-New York-17 August 2023: Fitch Ratings lowered the operating environment (OE) score for U.S. banks in June to ‘aa-‘ from ‘aa’ mainly due to structural uncertainty around the path and rate of monetary tightening and gaps in in …

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