News and Prophecy Staff | Page 98 | Tomorrow's World

News and Prophecy Staff

Coronavirus Bailout—Will It Work?



“Whatever it takes” is the now-famous comment of Mario Draghi when he was the European Central Bank chairman. He was addressing the European debt crisis of 2012—and his sentiment is now shared by many world leaders and national governments as they attempt to deal with the economic consequences of the coronavirus shutdown of national economies (The Economist, March 19, 2020).

Financial Crisis Further Divides Europe



“The European Experiment”—a description applied to the European Union by many—is in serious trouble. Old divides that have plagued the continent for centuries are reemerging. A couple of weeks ago, EU leaders met to come up with a unified financial response to the COVID-19 pandemic but struggled to agree (Reuters, March 27, 2020).

Global Oil Industry Threatened



The Financial Times makes a grave case concerning the impact of the current pandemic: “It is no exaggeration to say the oil industry faces its gravest crisis of the past 100 years” (March 24, 2020). As many citizens of industrialized nations settle into life at home, travel by land, sea, and air has fallen drastically. Experts estimate that between 10 and 25 percent of global oil consumption could disappear in the coming months.

More “Progressive” Abortion Laws



New Zealand recently passed what many view as a “progressive” law that allows abortion—no questions asked—up until 20 weeks of pregnancy (New York Times, March 18, 2020). Previously, New Zealand was one of just a few industrialized nations that still viewed abortion as a criminal act.

The Growing Locust Crisis



The Guardian reports that tropical storms have provided moisture to enable locusts to thrive in the arid North African desert (March 20, 2020). Storms that usually move through the region quickly have stayed longer and come more frequently. A single tropical cyclone can increase locust reproduction 400-fold, but the recent duo of tropical cyclones resulted in an 8,000-fold increase in locusts!

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