HISTORY :
''' POVERTY -INFLATION- PONDERS '''
IT'S ALL GREAT LEADERS AND TIMES FATE - that they are confronted with intractable problems. There are but only pauses and recesses and snooze modes, the underlying issues and problems remain only - '' brushed aside ''.
The core issue - the live time bomb issue - is the Palestine-Israel conflict. Time is a great equalizer - but it doesn't always equalize. History will always remain hostage to that. The next around War, always lurking in the dark, is just around the corner.
FOR THE WORLD - WAR ONLY WORSENS '' guns versus butter temporarily binds. A shift towards rearmament is the most convenient path. No matter which way a country pivots.
WAR IN THE MIDEAST IS going nowhere. It will always continue to pile costs onto already just ' head above water '- already strapped governments, who are under pressure from voters to buffer the pain of survival from soaring prices, through tax cuts or spending initiatives, and whose economies are saddled with low to zero growth and high debt.
ON THE WORLD STUDENTS SOCIETY - WE watch and worry as the global economy gets on a shakier path and future. Just about every nation will feel the squeeze hitting the students of the developing world very, very hard.
Experts predict and project poverty to jump in the Arab World and inflation to raise its ugly head and begin soaring in Europe.
I repeat, that the economic fallout from the war in Iran is squeezing consumers and businesses right around the globe, raising the prices of essentials like food and fuel.
'' Although the war could shape the global economy in different ways, all roads lead to higher prices and slower growth,'' top economists from the International Monetary Fund wrote last week.
Then some two Tuesdays ago, the signs of strain could be seen in new projections of a sharp rise in poverty across the. Arab World, a big jump in inflation in Europe and fresh high for U.S. gasoline prices.
The effects are especially onerous for poor countries, which have the lowest resources. Countries like Africa, South Asia, Latin America and parts of the Middle East that import most of their energy are especially hard-pressed to afford skyrocketing costs.
For these economies, the effect is like '' a large, sudden tax on income,'' I.M.F. economists explained.
Yet even if countries can come up with the funds, supplies of. oil and gas and many other crucial commodities may not be available because of Iran's effective fleeting blockade of the Strait of Hormuz, a key shipping route, as well as damage to energy infrastructure across the Persian Gulf region.
About a third of the world's fertilizer is shipped via the Strait of Hormuz. With the planting season starting in the Northern Hemisphere, fertilizer shortages now can result in poorer harvests and higher food prices later.
Shortages of other materials produced in the the Persian Gulf, including helium, sulfur and naphtha, which is used to process plastics, can slow industrial production, dragging down growth in some countries.
For many people/students in the Middle East, the outlook is particularly disturbing. A new United Nations report estimates that the war may push four million more people across the Arab World into poverty and reduce the region's output by well over $100 billion.
In Europe, higher energy prices caused by the war helped push up inflation
in the 21 countries that use the euro, raising concerns that central bankers might raise interest rates if prices continue to accelerate.
Consumer prices in the eurozone rose to an annual rate of 2.5 percent in March, the fastest pace in a year, according to the block's statistics agency one recent Tuesday. February's increase was 1.9 percent.
Christine Lagarde, the president of the European Central Bank, said last week that policymakers were prepared to raise interest rates, if inflation perceived above the bank's 2 percent target.
In the United States, gasoline crossed an average of $4 a gallon one last Tuesday, a threshold it hadn't reached since August 2022. Since the end of February, the average cost of regular gasoline has jumped 35%, according to data from the AAA motor club.
There are a few winners amid the economic disruption. The uncertainty about the future state of the world will always lurk in the back, in every students' mind, businesses and consumers.
To sum, I am spiritually, and correctly optimistic. The future of Mankind and the World totally lies in the hands of the Students of the World. The great students can normalize !WOW!, support it and build it selflessly OR
Students can discard it, trash it, and move on. This highest and supreme option is a gift from me to you all. Please, believe you me, my love and respect and suffering and prayers, will always and ever remain with you and mankind.
The Honour and Serving of the Latest Global Operational Research on Mankind, Future and History continues. The World Students Society thanks most respectfully '' The New York Times '' and Patricia Cohen, Erika Solomon and Emmett Lindner.
With most respectful dedication to the Global Founder Framers of !WOW!, Leaders, Grandparents, Parents, and then Students, Professors and Teachers of the world.
See You all prepare for the great '' Constitutional Democratic Conventions " on !WOW! - the exclusive and eternal ownership of every student in the world - : worldstudentssociety.org and Twitter X !E-WOW! - The Ecosystem 2011 :
Good Night and God Bless
SAM Daily Times - The Voice Of The Voiceless
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