Sunday, May 26

K-Global

Reserve Bank of Australia (RBA) kept its money rate at 0.1%
K-Global

Reserve Bank of Australia (RBA) kept its money rate at 0.1%

The Reserve Bank of Australia (RBA) kept its money rate at 0.1% for its eighth consecutive gathering, in a broadly anticipated move. Its repeated loan costs won't be raised until expansion was reasonably inside its 2-3% objective band, an objective probably not going to be met before 2024. The RBA additionally certified its choice made in July to manage its acquisition of government securities to A$4 billion every week from September from the current week after week speed of A$5 billion, astonishing business sectors wagering on higher or consistent buys. Australian national bank keeps rates at 2.5pc That move sent the Aussie dollar to a day's high of $0.7408. In a short post-meeting articulation, RBA Governor Philip Lowe broadcasted a cheery vibe about Australia's economy, which recup...
The Downfall of 10-year JGBs & the Role of the Delta Variant
K-Global

The Downfall of 10-year JGBs & the Role of the Delta Variant

The COVID-19 pandemic that took the world by storm has brought about chaos, panic, and worst of all, biological mutations and variants of viruses that continue to grow deadlier, contagious, and far more under-detected than the original. For context, the current strain being dealt with is the Delta Variant, also referred to as the B.1.617.2. According to the CDC, this can spread more easily, and it is now the dominant strain in the U.S. Moreover, this strain has had a notable impact on Japan’s market, as the bond yields of the Japanese government fell. The main result of the concerns regarding the Delta variant, alongside the consequences of the Bank of Japan’s bond-buying operation, was the 10-year yield touching a seven-and-a-half-month low of zero percent. To provide more insi...
Joe Biden on Afghanistan
K-Global

Joe Biden on Afghanistan

President Biden said he stands “squarely behind” his decision to withdraw U.S. troops from Afghanistan, speaking from the White House Monday as he drew bipartisan criticism over the swift collapse of the government and the ensuing chaos. He acknowledged that the Taliban took control of the country more quickly than he expected and that the U.S. exit has been “far from perfect,” although he took little responsibility for that. He called the images of desperate Afghans at Kabul’s international airport trying to flee their country gut-wrenching. While pledging to get Americans and U.S. allies out of the country safely, Mr. Biden cast much of the blame for the fall of the Afghan government on its American-trained military for failing to take up the fight with the Taliban. “If any...
Taking a step to restore the Ecosystem
K-Global

Taking a step to restore the Ecosystem

The world is on the brink of evolving into a completely artificial society. While it was once thriving with thousands of ecosystems, our planet faces a drastic decrement in these biological communities due to the many activities undertaken by humankind. Examples of our contributions include the exploitation of several natural habitats to make room for the Earth's overgrowing population, the harvest of natural resources for other purposes and the pressure from agriculture. These activities harm the organisms and their habitats, reducing the carrying capacity for indigenous flora and fauna, which, unfortunately, leads to the extinction of these species and thus brings a slow burn end toward the Earth's natural diversity. As inhabitants of the Earth, it is our resp...
THE MARXIST CRITIQUE OF RELIGION AND ISLAM
K-Entertainment, K-Global

THE MARXIST CRITIQUE OF RELIGION AND ISLAM

“Religion is the opium of the masses”, the words of Karl Marx can often be heard from those on the pulpit in their vehement speeches against the communist narrative. The Marxist critique of religion is not only an abstract philosophical conception but is deeply rooted in our religious convictions. Religious narrative across the globe is based around a cleansing from materialistic greed and focuses on spiritual fulfilment, while discouraging rampant materialism to fulfill carnal human desires. This tendency to neglect the worldly realm as inherently inferior and regarding any desire of gaining worldly prestige, wealth and power as an ultimate fallacy is common among major religions. This spiritual bliss seemingly appears to be a worthwhile alternative to mindless pursuit of money but the i...