Global Affairs: Weekly Outlook for July 6
The Weekly Outlook is an editorial briefing for wejetset’s online magazine. Each week we scan international news and aggregate the stories that will likely impact their respective region and possibly the world. From economic issues to politics, we strive to deliver news that will be useful to our readers as they navigate their local and global spaces.
Weekly Outlook for July 6: In this week’s news, Facebook’s Revenue is Steadily Climbing to a Billion, Costa Rica is Named the Happiest Nation, Obama and Russia Announce Nuclear Deal, the Economist asks What Happened to the Food Crisis and Ethnic Riots Spread in Western China. Click Read More for the full report.
Can Facebook get any bigger? Apparently it can! “Facebook will likely be posting billions of dollars in revenue in five years, up from about $500 million this year, according to Silicon Valley entrepreneur Mark Andreessen who sits on Facebook’s board.”
“Forget Disneyland! Costa Rica is the happiest place in the world, according to an independent research group in Britain with the goal of building a new economy, “centered on people and the environment.”
“The United States and Russia, seeking to move forward on one of the most significant arms control treaties since the end of the of the cold war, announced Monday that they had reached a preliminary agreement on cutting each country’s stockpiles of strategic nuclear weapons.”
The Economist penned an interesting article on the world food crisis. As they report, “World food prices soared in 2007-08, pushing hundreds of millions into poverty. But—said people at the time—there was a silver lining: high prices would be good for farmers, especially smallholders in poor countries such as Mr Tegegn. Higher returns would suck money into farming, leading to higher yields, bigger harvests and stable or falling food prices. Eventually, the argument ran, farmers and consumers would all be better off…”
“Riots and street battles killed at least 140 people in China’s western Xinjiang province and injured 828 others in the deadliest ethnic unrest to hit the region in decades. Officials said Monday the death toll was expected to rise.”
Global Affairs: The Weekly Outlook for June 29
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