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World Economy Apr 06, 2026

Trump’s Affordability Promises Unravel: Prescription Drugs, Housing, and Inflation Remain Out of Reach

Despite repeated claims that his administration is lowering the cost of living, Donald Trump’s poli…
Donald Trump has repeatedly framed inflation as a "hoax" and declared that he has "won affordability," yet independent analyses reveal that his touted initiatives deliver only marginal relief for most Americans.One of his most publicized programs, the TrumpRX prescription‑drug platform, lists just 61 medications out of the thousands needed nationwide. Moreover, price comparisons show that a medium dose of Wegovy costs $349 on TrumpRX, while the same dose sells for $163 in Japan and $198 in Germany. Similar gaps appear for diabetes drug Xigduo and autoimmune medication Xeljanz, which are significantly cheaper abroad.The website markets itself as a solution for uninsured, cash‑paying patients, but it does nothing for the roughly 85 % of Americans who already have prescription coverage.On housing, Trump’s executive order banning Wall Street firms from buying single‑family homes is unlikely to move the needle. Institutional investors own only about 2 % of such homes, while the nation faces a shortage of roughly 4.7 million units, according to Zillow. The ongoing war in Iran has also pushed mortgage rates higher, further straining affordability.Gasoline prices have surged since the Iran conflict began, climbing to an average of $4.10 per gallon – a 37 % increase from the pre‑war level of $2.98.Food costs tell a similar story. The Consumer Price Index shows a 3.1 % rise in overall food prices from February 2025 to February 2026, with coffee up 18.4 %, beef up 14.4 %, and fresh vegetables up 5.4 %. Tariffs championed by the administration have contributed to these hikes.International bodies echo domestic concerns. The OECD projects U.S. inflation to exceed 4 % this year, largely driven by the Iran war, a level higher than the 3 % rate recorded at the end of the Biden administration.Trump also claims to have eliminated taxes on overtime and Social Security benefits. In reality, overtime earnings are still subject to federal income tax on the base wage and to full Social Security and Medicare payroll taxes. Only the overtime premium enjoys a partial tax break. Likewise, more than half of Social Security recipients will continue to owe income tax on their benefits, contradicting the administration’s “no‑tax” narrative.Other initiatives, such as the “Trump Accounts” child‑savings program, provide a one‑time $1,000 seed deposit and allow families to contribute up to $5,000 annually. While beneficial for affluent households, the scheme offers limited assistance to families living paycheck‑to‑paycheck.Policy decisions have also raised costs for vulnerable groups. By opposing extensions of Obamacare subsidies, average health‑care premiums have risen by over 20 % for more than 20 million people. Simultaneously, proposed cuts to LIHEAP threaten heating and cooling assistance for roughly 6 million low‑income households.In sum, Trump’s affordability rhetoric serves more as political branding than substantive economic relief. The modest scope of his programs and the persistence of rising prices suggest that most working‑class Americans will see little improvement in their day‑to‑day expenses.
#trump #prices #but
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Technology Apr 06, 2026

Artemis II Mission to Set New Distance Record with Lunar Flyby

The Artemis II mission is set to make history with a lunar flyby, exceeding the distance record set…
The Artemis II astronauts are on course to set a new distance record on Monday when they fly by the moon without stopping, then swing around for planet Earth. The crew consists of Reid Wiseman, Victor Glover, and Christina Koch of NASA, and Canadian Space Agency astronaut Jeremy Hansen.During the flyby, the astronauts will travel 5,000 miles (8,047km) beyond the moon, exceeding the distance record set by the ill-fated Apollo 13 mission in 1970. The Apollo 13 astronauts reached a maximum of 248,655 miles (400,171km) from Earth before making their turn, while the Artemis II crew is expected to exceed that by about 4,000 miles (6,437km).The Orion capsule's roughly six-hour flyby on Monday promises views of the moon's far side that were too dark or too difficult to see by the Apollo program astronauts who preceded them more than half a century ago. A total solar eclipse also awaits them as the moon blocks the sun, exposing snippets of shimmering corona.“We'll get eyes on the moon, kind of map it out and then continue to go back in force,” flight director Judd Frieling said. The astronauts will take turns capturing the lunar views out their windows and will be able to make out “definite chunks of the far side that have never been seen” by humans.Once the capsule rounds the moon, it will take four days to return to Earth. NASA is aiming for a splashdown in the Pacific Ocean near San Diego on 10 April, nine days after its Florida launch.
#moon #artemis #astronauts
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World Economy Apr 06, 2026

Australian fuel crunch pushes used electric car prices higher – Tesla Model Y climbs over 6% in March

Rising fuel prices in Australia have sparked a sharp increase in demand for used electric vehicles,…
Australia’s recent fuel squeeze is reshaping the second‑hand car market, with used electric vehicles (EVs) now commanding higher prices while traditional petrol and diesel models face steep discounts.MotorMetrics’ live inventory data shows that dealers have lifted prices on a range of EVs, most notably a more than 6% increase for the Tesla Model Y during the final two weeks of March. Similar upward pressure is evident for the Model 3, MG4 and Polestar 2, indicating dealer confidence that new stock will settle at these elevated levels.At the same time, the supply of used EVs is tightening, creating a classic demand‑supply imbalance that fuels price growth.Conversely, the same data reveal that many used diesel and petrol vehicles have been slashed by as much as 20%, reflecting a rapid shift in consumer preference toward electric power as fuel costs climb.Rental platform Turo reports a 70% jump in bookings for EVs and hybrids compared with the same period last year. Managing director Rob Chan describes the surge as a “unique wave of consumer interest” reminiscent only of the post‑pandemic “revenge travel” boom.Australia’s EV fleet is expanding steadily; the Electric Vehicle Council estimates that over 454,000 battery‑electric and plug‑in hybrid vehicles were on the road at the end of 2025, giving EVs roughly 13% of new car purchases. Analysts expect this share to rise further as more models enter the market and charging infrastructure improves.Economist Peter Esho warns that while oil shocks are not new, this one “could very well be one of the last”, as the current price environment makes EVs a financially sensible alternative for many drivers.Petrol prices rose almost daily throughout March across major cities, only easing after a government fuel‑excise cut. In parallel, Commonwealth Bank data shows a 161% increase in weekly loan volume for new battery‑electric vehicles in March versus February, underscoring growing consumer financing for EVs.Individual stories echo the broader trend. Sydney motorist Har Rai Singh, who rented several EVs through Turo to test long‑distance capability, says he now sees little reason to stick with a combustion engine, noting that “people are waiting for petrol pumps and paying over $100 to fill a tank – it doesn’t make sense any more to hold on to a combustion engine.”
#australia #motormetrics #turo
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Technology Apr 06, 2026

Artemis II Mission Enters Moon's Sphere of Influence Ahead of Historic Flyby

The Artemis II mission has entered the moon's sphere of influence, marking a significant milestone …
The Artemis II mission has reached a critical phase, entering the moon's 'sphere of influence' where the lunar gravity dominates over Earth's. This development occurred four days, six hours, and two minutes into the mission, at a distance of about 39,000 miles from the moon and 232,000 miles from Earth. The crew is set to perform a lunar flyby later on Monday, which will take them to the far side of the moon, a region that has not been explored by humans in over 50 years. This mission aims to break the record for the farthest distance from Earth traveled by humans. NASA's Artemis II mission is a significant step towards re-establishing a human presence on the moon, building on the legacy of the Apollo program, which last sent astronauts to the moon in 1972. The current crew has already observed new sights of the lunar surface, including the Orientale basin, also known as the moon's 'Grand Canyon,' which has been photographed before by orbiting cameras but never seen with human eyes. The mission will also test the Orion spacecraft's capabilities, including its life support systems and manual piloting. The data collected will be crucial for future missions, such as Artemis III in 2027 and the lunar landing planned for Artemis IV in 2028.
#moon #artemis #crew
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Politics Apr 05, 2026

Gaza’s Christian minority endures a stark Easter as war‑driven genocide deepens shortages and displacement

Amid Israel’s ongoing war on Gaza, the enclave’s tiny Christian community—fewer than 1,000 strong—o…
Gaza City, Gaza – While Easter traditionally celebrates resurrection and renewal, Gaza’s dwindling Christian population spent the holiday in quiet reflection, confronting displacement, scarcity and the trauma of a conflict the United Nations has described as genocide. The enclave is home to fewer than 1,000 Christians, a community already small before the war that has suffered heavy casualties; more than 72,000 Palestinians have been killed since Israel’s offensive began on 7 October 2023. Inside the remaining churches, prayers and modest services carried profound meaning as families clung to hope for survival and peace. Yet basic necessities—electricity, water and food—remain in short supply, and even traditional Easter items such as eggs are virtually unavailable. Fouad Ayad, a bio‑energy trainer displaced from near al‑Rantisi Children’s Hospital, described searching the markets of Gaza City for eggs without success. “We decorate eggs for the children, and sometimes Muslim children visit us for colourful eggs,” he told Al Jazeera, highlighting the inter‑communal bonds that persist despite the siege. Shortages have also erased the customary communal lunch. “Meat is scarce and extremely expensive,” Ayad lamented, recalling how families once gathered to share meals, colour eggs and visit elderly neighbours of all faiths. The Church of the Holy Family, which Ayad once attended, has been struck multiple times. “Three of my relatives were killed in one attack, and another strike killed more than 20 Christians,” he recounted, illustrating the direct targeting of places of worship. Attendance at Easter services in Gaza’s sole Catholic church has dwindled as many believers have fled the Strip. Yet, as one worshipper put it, “We only performed the prayers, refusing to celebrate because of our martyrs,” affirming their resolve to remain rooted in the land despite the devastation. Israeli restrictions have prevented Christians from traveling to the Old City of East Jerusalem to attend the Holy Sepulchre for the past two years. Recent attempts by Cardinal Pierbattista Pizzaballa to enter the site were initially blocked, only to be reversed after international outcry. Elias al‑Jelda, a 60‑year‑old Orthodox council member, recounted sheltering in the Church of the Holy Family after his home was destroyed. “I lost friends, neighbours and relatives, many killed while staying close to their homes and faith,” he said, underscoring the personal toll of the conflict. Traditional Easter treats—coloured eggs, kahk, maamoul and Eidiya gifts—are largely absent this year. “There are no eggs anywhere in the Strip,” reported 74‑year‑old Amal al‑Masri, who recalled pre‑war celebrations filled with shared meals and festive sweets. Power outages compound the hardship. “Electricity continues to be a major problem, and the soaring cost of diesel and generator oil makes it worse,” al‑Jelda warned, highlighting the broader infrastructure collapse affecting all Gazans. Despite the bleak circumstances, the remaining Christians affirm their identity and solidarity with the broader Palestinian population. “No matter what your political agenda or religion is, all of us Palestinians are targeted by the occupation,” a worshipper declared, encapsulating the collective sense of victimhood and resilience.
#Gaza #Israel #Hamas
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Technology Apr 05, 2026

Artemis II Crew Passes Halfway to the Moon, Shares First Orion Earth Images Ahead of Historic Lunar Flyby

NASA’s Artemis II astronauts have crossed the midpoint of their journey to the Moon, captured the i…
NASA announced that the Artemis II crew has now traversed the halfway mark between Earth and the Moon, and the agency released the first photographs of our planet taken from within the Orion capsule.After completing the fourth day of a ten‑day voyage, the astronauts settled in for a brief rest while the spacecraft hovered roughly 322,000 km (200,000 miles) from Earth and about 132,000 km (82,000 miles) from the lunar surface, according to NASA’s live mission dashboard.The newly published images showcase Earth as a luminous blue sphere wrapped in swirling cloud patterns, offering a striking perspective from deep space.Looking ahead, the four‑person team is slated to perform a swing‑by of the Moon’s far side early next week – a maneuver that has not been attempted by a crewed vehicle in more than five decades.The next critical checkpoint arrives overnight from Sunday into Monday (U.S. time), when Orion is expected to enter the “lunar sphere of influence,” the point where the Moon’s gravity overtakes Earth’s pull on the spacecraft.If the trajectory proceeds as planned, the mission will place the astronauts at a greater distance from Earth than any human has ever traveled, setting a new record for deep‑space human flight.Artemis II forms a cornerstone of NASA’s broader strategy to re‑establish a regular human presence on the Moon, ultimately building a permanent base that could serve as a launchpad for future missions to Mars and beyond.
#earth #moon #astronauts
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Sports Apr 05, 2026

Iran Threatens World Cup Withdrawal Unless FIFA Moves Matches Out of the United States

Iran’s sports minister says the national team will only travel to the 2026 World Cup if FIFA reloca…
Iran’s sports minister, Ahmad Donyamali, warned on Sunday that his country’s participation in the 2026 World Cup remains doubtful unless FIFA agrees to shift Iran’s group‑stage fixtures from the United States to Mexico. The Iranian Football Federation (IFF) formally asked the global governing body to relocate the matches, but, according to Donyamali, it has yet to receive a definitive response. “If our request is accepted, Iran’s participation will be certain,” Donyamali told Turkey’s Anadolu news agency, underscoring the link between venue security and the team’s willingness to travel. The request comes amid heightened tensions after Israel and the United States launched attacks on Iran on February 28, sparking a broader regional conflict. Tehran retaliated with missile and drone strikes targeting Israeli sites, U.S. bases in the Middle East, and Gulf infrastructure. Iran, the first Asian nation to qualify for the tournament, is slated to play all three group matches on the U.S. West Coast – Los Angeles on June 16, Belgium in Los Angeles on June 22, and Seattle on June 26. Former President Donald Trump recently said Iran was “welcome” in the United States but added that he doubted the venue was “appropriate for their own life and safety.” In response, the Iranian team posted on social media that “no one can exclude Iran’s national team from the World Cup.” Iranian football chief Mehdi Taj echoed the sentiment, stating, “When Trump explicitly says he cannot guarantee our security, we will not travel to America.” Taj confirmed ongoing negotiations with FIFA to move the games to Mexico. FIFA, however, rejected the relocation request, reaffirming that the schedule announced last year will stand. President Gianni Infantino told IFF Vice President Mehdi Mohammad Nabi that “the matches will be played where they are supposed to be, according to the draw.” Despite the diplomatic deadlock, Donyamali affirmed that Iran’s players continue training and will be ready for the tournament, provided that adequate security guarantees are secured from the host nations. “Under these circumstances, the possibility of Iran playing in the United States is very low; if the necessary security assurances are given, our government will make the final decision,” Donyamali said, adding that former President Trump’s remarks were “morally and ethically unbalanced.” The World Cup kicks off on June 11 in Mexico, with the opening matches in the United States and Canada following on June 12. The final is set for July 19 in East Rutherford, New Jersey.
#iran #fifa #mexico
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Politics Apr 05, 2026

Repeated Strikes on Iran’s Bushehr Reactor Heighten Threat of Gulf‑wide Radioactive Disaster

Iran’s sole nuclear power plant, Bushehr, has suffered four attacks since the Israel‑US war began, …
Iran’s only operational nuclear power station, the Bushehr plant, has endured a series of assaults amid the escalating Israel‑United States campaign against Tehran, sparking alarm over a possible regional nuclear incident.The most recent strike on Saturday resulted in the death of a security guard and damage to an auxiliary building, according to the state‑run Atomic Energy Organisation of Iran (AEOI).Foreign Minister Abbas Araghchi asserted that the facility has been "bombed" four times since the conflict erupted on 28 February, accusing the United States and Israel of a "lack of concern" for nuclear safety.Security analysts stress that any bombing of the reactor or its spent‑fuel pools would unleash the radioactive isotope Caesium‑137, a contaminant capable of traveling far via wind and water, rendering soil, food and drinking supplies hazardous for decades and increasing cancer risks for exposed populations.The Bushehr complex, built by Russia and completed in 2011, supplies roughly 1,000 MW to Iran’s grid. It is the Middle East’s first nuclear plant and is slated to host two additional reactors by 2029, with hundreds of Russian technicians on site.The International Atomic Energy Agency (IAEA) has repeatedly warned that a direct hit could trigger a “regional catastrophe.” Director‑General Rafael Grossi told the UN Security Council that striking the plant could cause a "very high release of radioactivity" and, if power to the cooling system were cut, could lead to a reactor melt. He called for "maximum restraint," noting that evacuation zones could extend several hundred kilometres, requiring iodine prophylaxis and food‑supply restrictions.Beyond terrestrial fallout, experts highlight the danger of contaminating the Gulf’s shallow waters. Radioactive pollution would devastate marine ecosystems and cripple desalination plants, which lack the technology to filter such material. Qatar’s prime minister, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, warned that a simulated Bushehr attack would render the sea "entirely contaminated" and leave the country without water within three days.International law explicitly forbids targeting civilian nuclear installations. Article 56 of Protocol I to the Geneva Conventions bars attacks on "works and installations containing dangerous forces," and the IAEA’s own guidelines prohibit indiscriminate strikes on reactors, fuel storage, or power supplies.Araghchi also criticized the muted Western response, contrasting it with the outcry over Ukraine’s Zaporizhzhia plant, which prompted emergency UN sessions, NATO warnings, and statements from the EU, UK and US. In the Bushehr case, the EU has remained silent, while Russia, which maintains a sizable staff at the site, issued a condemnation of the attacks.Historical precedents such as the 2011 Fukushima disaster and the 1986 Chernobyl explosion illustrate the long‑term human and environmental toll of nuclear accidents, underscoring why the safety of Bushehr is viewed as a matter of regional, not merely national, security.
#Bushehr Nuclear Power Plant #IAEA #Caesium-137
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World Economy Apr 05, 2026

Nepal Moves to Two‑Day Week as Fuel Shortage Worsens Amid US‑Israel Conflict with Iran

Facing a severe fuel shortage linked to the US‑Israel war with Iran, Nepal’s government has reduced…
Nepal’s cabinet approved a shift to a five‑day work week for government offices and schools, extending the weekend to both Saturday and Sunday in response to an escalating fuel crisis. Government spokesperson Sasmit Pokharel told reporters that the decision was taken because “the present uncomfortable situation caused by fuel supply” necessitates closing public institutions for two days each week. Previously, civil servants enjoyed only a single day off on Saturday; offices will now operate 9 a.m. to 5 p.m., Monday through Friday. Pokharel added that the government is also examining legal avenues to convert petrol and diesel vehicles to electric power, though details remain pending. Nepal, a landlocked country of roughly 30 million people, imports virtually all of its fossil fuels from India, leaving it highly vulnerable to international price shocks. The ongoing US‑Israel war with Iran has sharply curtailed global oil supplies, causing Nepal’s aviation fuel prices to almost double in a single day. The state‑owned Nepal Oil Corp reported heavy losses on petroleum products despite modest price hikes, prompting authorities to sell half‑filled cooking‑gas cylinders last month to deter hoarding and panic buying. Tourism, a cornerstone of Nepal’s economy, faces a new threat as airlines raise airfares following the steep rise in aviation fuel costs. Higher travel expenses could dampen inbound visitor numbers, compounding economic pressures. The fuel crunch stems from the broader Middle‑East turmoil that intensified after the United States and Israel launched a joint offensive against Iran on 28 February. Tehran’s retaliatory drone and missile strikes across the region have disrupted global markets and aviation, amplifying the scarcity of fuel supplies that ripple to landlocked neighbours like Nepal. By shortening the work week, the Nepali government hopes to reduce non‑essential fuel consumption, ease pressure on already strained energy imports, and buy time for longer‑term solutions such as electrification of transport.
#nepal #iran #tourism
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