In the article “Africa Faces Massive Poverty and Economic Hardship in the Name of Fighting Climate Change” by NJ Ayuk, the author discusses how African countries are struggling to balance the need for economic development with the urgency of addressing climate change. Ayuk argues that imposing strict environmental regulations on African nations could increase poverty and hinder economic growth, emphasizing the importance of finding a balance between environmental protection and economic development to ensure sustainable progress in the region.
Source link
March 2025 FIRE Portfolio Update: Trump Crashes the Economy
March 2025 was a disastrous month under Trump's presidency, with tariffs and economic threats causing market crashes, erasing gains from his election. The portfolio owner, who achieved financial independence in 2020-2021 with a $1.3m ETF portfolio, saw a $150k decrease in net worth, primarily holding VTI, VGT, VCR, and some single name stocks. The market saw significant declines with the S&P and Nasdaq entering correction territory, down more than 10% from highs, as Trump's tariffs...
Read more