The geopolitical turmoil in Ukraine is a tragedy that continues to unfold. Approximately 15,000 Ukrainian civilian casualties reported by the United Nations Human commission, most of which are from indiscriminate shelling of civilian urban centers from Russian heavy artillery and rocket systems (1). Continue reading…
Japan broke its long tradition of restricting “low-skilled” foreign workers in 2019, when a new status of residence called “specified skilled worker” was created (1). This category allows workers from 14 underemployed sectors such as farming, nursing care, and janitorial services to work in Japan for up to five years (8). Continue reading…
“On September 21, 2022, the Federal Open Market Committee (FOMC) announced that it will raise the key interest rate from 3% to 3.25% and that the rate hikes will continue (1).”
In August 2022 inflation rose to 7% which is 5 percentage points above the target inflation rate that the Bank of Canada wants (2). The Bank of Canada has decided that the best way to fight inflation is to steadily increase the interest rates until inflation decreases to its target of 2%. Continue reading…
