In yesterday’s article and podcast, I warned that the US supply of diesel engine oil faced a near-total wipeout in the next 8 weeks due to a supply chain shortage of chemical additives used to make diesel engine oil. The so-called “base oils” are not reportedly in short supply, but the chemical additives — rust inhibitors, anti-foaming agents, dispersing agents, etc. — have suffered extreme supply chain problems, leading to production shortages for the final oil product.

Tags

The Biden administration has agreed to eliminate the federal student loan debts of approximately 200,000 borrowers who claimed their college defrauded them but who haven't had a response from the Department of Education regarding their applications for years.

A group of seven Democratic and Democratic-caucusing senators sent a letter to Federal Trade Commission Chair Lina Kahn on Wednesday calling on the agency to use “every tool at its disposal” to protect marginalized groups from discrimination in the marketplace.

Tuesday celebrated the implementation of the Uyghur Forced Labor Prevention Act (UFLPA), which passed Congress last year and was signed into law by President Joe Biden in December 2021.

The law is supposed to deal a significant blow to the Chinese cotton and textile industries and maybe to the wobbling Chinese economy as a whole.

Tags

The leaders of Brazil, Russia, India, China, and South Africa held their 14th annual summit on Thursday virtually. This year, the summit was chaired by China.

BRICS members vowed to widen the Shanghai-based New Development Bank (NDB) on Thursday, following the successful admission of Bangladesh, Egypt, the United Arab Emirates (UAE) and Uruguay in September 2021.

Tags

Thousands of farmers gathered in the central Netherlands Wednesday to protest the Dutch government’s plans to rein in emissions of nitrogen oxide and ammonia, driving their tractors across the Netherlands and snarling traffic on major highways.

The protest was organized earlier this month after the government published nationwide targets for reducing emissions, sparking anger from farmers who claim their livelihoods — and those of thousands of people who work in the agricultural service industry — are on the line.