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A gas station in Düsseldorf, Germany, on June 10, 2025.
HARD NUMBERS: Oil prices spike, China stops drinking, BTS eyes reunion, and more…
12%: Oil prices spiked 12% in early trading on Friday following Israel’s attacks on Iran, reflecting fears that a wider Middle East conflict could restrict access to crude exports. Later in the morning prices softened slightly, but were still up nearly 9%, to more than $75 per barrel.
4: Although school shootings are rare in Europe, four of the worst incidents this centuryhave occurred since 2023, raising concern about whether the phenomenon – until now largely a US problem – is spreading more rapidly.
3: Is the wait over? Millions of BTS fans hope so. The K-Pop supergroup has not performed together in three years due to its members’ mandatory South Korean military service. But now that they have been discharged (honorably!), rumors are flying that the group could take the stage again at a festival outside Seoul this weekend.
1.5%: Argentina’s monthly inflation fell to just 1.5% in May. That’s the lowest level in five years – and a stark fall from early 2024, when it exceeded 25%. President Javier Milei’s radical cost-cutting policies have helped put a lid on rising prices.
50%: China’s production of baijiu liquor, the country’s go-to tipple, has dropped more than 50% since 2016. Demand for alcohol overall in China is plummeting as a result of changing tastes, a slowing economy, and a new campaign to stamp out drinking among the Communist Party’s 100 million members.A view of the Business School campus of Harvard University in Cambridge, Massachusetts, USA, on April 15, 2025.
HARD NUMBERS: Trump tries to ban foreign students at Harvard, Pensioners revolt in Argentina, Escaped bird ponders long flight home & more
7,000: The White House has scrapped Harvard University’s authorization to enroll foreign students, putting the school’s roughly 7,000 foreigners at risk of having to transfer elsewhere or go home. The Trump administration accuses Harvard of fostering antisemitism and violence, and of “coordinating with the Chinese Communist Party.” Harvard plans to appeal the move, which could affect a major source of income, as foreigners typically pay full tuition.
331: Dozens of people were injured in a protest by pensioners and activists outside the Argentine Congress on Wednesday. At issue are demands to raise the current pension level of $331 per month. President Javier Milei has opposed pension hikes as part of his “chainsaw” austerity drive.
81: US Sen. Lindsey Graham (R-SC) says he has gathered 81 co-sponsors for a bill that would impose a draconian 500% tariff on any countries that buy Russian energy. The biggest of those buyers is, of course, China. Trump reportedly told European leaders on Monday that Russian President Vladimir Putin isn’t ready to end the war, although the White House has disputed that account.
344%: The murder of two Israeli embassy staffers in Washington, D.C., has shined another light on the burgeoning wave of antisemitism in the United States and beyond. Antisemitic incidents across the US have increased by 344% in the last five years. Australia, Belgium and France have experienced similar surges, too.
27: A top Maoist leader was among 27 rebels killed by security forces in the central Indian state of Chhattisgarh on Wednesday, part of a government crackdown against this far-left insurgency. Nambala Keshava Rao was the highest profile rebel killed in decades. New Delhi has said it wants to end the insurgency in Chhattisgarh entirely by March 2026.
9,000: The Great Escape, bird edition: A juvenile East African crowned crane, known for its distinctive crown of golden feathers, broke out of a zoo in Washington state. If the bird is planning to return to its eponymous home, it will have to travel nearly 9,000 miles.Milei aims to bring $271 billion in hidden cash back into Argentina’s economy
Argentina’s President Javier Milei is preparing to loosen the country’s complex tax evasion restrictions in an effort to draw billions of undeclared dollars back into the formal economy. With an estimated $271 billion stashed in homes, safety deposit boxes, and offshore accounts, savers have long sought refuge from a volatile peso, capital controls, and shifting tax laws.
While critics warn the plan could enable tax dodgers and money launderers, Milei argues it offers a path to reintegrate legally earned funds. In a largely informal economy, where cash deals dominate, experts say meaningful incentives, not penalties, are key to drawing money out from under the mattress and back into the system.
People shout slogans in front of the portrait of Sirri Sureyya Onder, a prominent pro-Kurdish party lawmaker and key figure in Turkey’s tentative process to end the outlawed Kurdistan Workers Party’s (PKK) insurgency who died on Saturday at age 62, during his funeral in Istanbul, Turkey, on May 4, 2025.
Hard Numbers: Kurds in Turkey formally disband, Burkina Faso’s military murders civilians, White Afrikaners land in US, UK tries to curtail immigration, Top Argentina Court discovers Nazi docs
41: The revolution will not be finalized, as the Kurdistan Workers Party (PKK), a militant rebel group in Turkey, formally disbanded after a 41-year insurgency against the Turkish government. The original goal was to create an independent Kurdish state, but the group’s weakened position in Iraq and Syria forced it to declare a ceasefire in March, before ultimately dissolving. Turkey hasn’t fully secured peace, yet: it must now establish how to disarm the rebel group.
130: In March, the Burkina Faso military and its allied groups killed at least 130 ethnic Fulani civilians, per a Human Rights Watch report, as the government’s response to the Islamist insurgency turns vicious. Leaders of the Fulani, who are a Muslim community, deny any links with the Islamist militants. The massacre triggered reprisal killings, with insurgent groups – who control around 40% of the country – murdering at least 100 civilians in villages they believe are helping the government.
59: A group of 59 white Afrikaners landed in the United States from Johannesburg on Monday, after the Trump administration granted them refugee status in response to what they see as “racial discrimination” from South Africa’s government – the Rainbow Nation denies these claims. The move further escalates the rising tensions between Pretoria and Washington.
100,000: In the latest sign of rising anti-immigrant sentiment in the United Kingdom, Prime Minister Keir Starmer announced measures to reduce annual net immigration by 100,000 by 2029. The plan includes banning recruitment of care workers from abroad, cutting access to visas for skilled workers, and increasing English language requirements for all work visas. Net immigration reached a record 906,000 in the 12 months to June 2023.
4: Albanian Prime Minister Edi Ramasecured a fourth term in office after his party dominated Sunday’s parliamentary elections. With 94% of ballots counted, Rama’s Socialist Party won 52%, while opposition leader Sali Berisha’s Democratic Party sits on just 34%. It marks a setback for the MAGA message: Berisha had relied on the help of major Trump allies, to no avail.
83: As if replicating the plot of an Indiana Jones film, Argentina’s Supreme Court discovered Nazi documents among its archives that included propaganda material aimed at spreading the fascist ideology across the country. The material is believed to be part of the 83 packages that the German embassy in Tokyo sent to Buenos Aires on the “Nan-a-Maru” steamship in 1941. Argentina was a safe haven for the Nazis after World War II, though some – Adolf Eichmann, most infamously – were tracked down and brought to justice.
Sen. Cory Booker (D-NJ) speaks during a marathon address from the US Senate floor on Tuesday, April 1, 2025.
Hard Numbers: Booker sets record for longest Senate speech, Israel expands latest Gaza offensive, Netanyahu and Orbán defy the ICC, Oz universities cut off Confucius, Argentina’s poverty plunges
25+: The Democrats may not have the White House or a majority in Congress, but one thing they do have, still, is words. Lots and lots of words. Words for days, even, as Democratic Sen. Cory Booker showed by taking to the podium on Monday with a broadside against Donald Trump that lasted more than 25 hours. The veteran lawmaker from New Jersey, a former football player, had vowed to stay up there as long as he was “physically able.” Before yielding the floor on Tuesday night, Booker broke the record for the longest Senate floor speech, surpassing one set in 1957 by the late Sen. Strom Thurmond, who filibustered against civil rights.
42: The first stage of the Israel-Hamas ceasefire, brokered in January, officially lasted 42 days. The deal now looks to be far in the rearview mirror, as Israeli Defense Minister Israel Katz announced on Wednesday that he would expand his army’s latest military offensive in Gaza. The two sides are still negotiating another ceasefire deal via mediators but haven’t yet reached an agreement.
5: Benjamin Netanyahuleaves Wednesday on a five-day visit to Hungary. It’s the Israeli PM’s second trip abroad since the International Criminal Court last year issued an arrest warrant for him over alleged war crimes in Gaza. In February, he visited the US. Hungary is an ICC member, but the country’s proudly “illiberal” PM Viktor Orban says he won’t honor the court’s warrant. In recent years, the right-winger Netanyahu has cultivated controversial ties with populist nationalist parties in Europe, including some with histories of overt antisemitism.
6: In recent years, half a dozen Australian universities have closed the Chinese-funded Confucius Institutes on their campuses. The CIs educate students about Chinese language, history, and culture. The moves come amid broader tensions between Australia and China, and they reflect fears that Beijing has used the institutes to spread pro-Chinese propaganda and cultivate possible intelligence assets.
38: Argentina’s poverty rate plunged from 53% to 38% last year. Analysts credit “anarcho-capitalist” president Javier Milei, who drastically slashed government spending to put the mismanaged economy on a more stable footing. After an initial bout of pain, those measures brought inflation down from nearly 300% to 70%, easing poverty as people’s spending power increased.
A drone view shows a flooded area in the city of Bahia Blanca, in the province of Buenos Aires, Argentina.
Hard Numbers: Deadly Argentinian floods, Palestinian protester arrested, Mexico’s grim discovery, DRC sets rebel bounties, America losing its butterflies, Internet shutdowns imperil democracy
13: The port city of Bahia Blanca, Argentina, was devastated by a massive rainstorm this weekend that dumped a year’s worth of rain in just a few hours, killing 13 people and displacing hundreds. A similarly devastating rainstorm in December 2023 also claimed 13 lives in Bahia Blanca.
200: A grim discovery was made in a clandestine crematorium in Jalisco, Mexico: 200 pairs of shoes. The footwear is believed to belong to people killed by organized criminal gangs. It was uncovered by relatives of some of Jalisco’s 15,000 missing people, the most of any state in Mexico, where over 100,000 people are registered as “disappeared.”
5 million: The Democratic Republic of Congo has announced a $5 million reward for information leading to the arrest of three M23 rebel leaders, and a $4 million reward for the arrest of two journalists in exile deemed as “accomplices.” But with the DRC’s army increasingly outmatched by rebel forces, the chances of capture are considered slim.
22: A new study reveals that America’s butterfly population has declined by 22% since 2000, with the Southwest hardest hit with a drop of over 50%. The change is primarily attributed to insecticides, climate change, and habitat loss, and it could imperil certain crops, including Texas cotton, of which half is pollinated by butterflies.
296: The latest twist in cyber warfare? Internet shutdowns. In 2024, 296 shutdowns were reported across 54 countries, compared with 283 shutdowns in 39 countries the previous year. Shutdowns were used for political control, to suppress dissent, and to disrupt elections, and they were particularly acute in Africa, where at least five have been in place for over a year.
People sit in a restaurant as Argentina's President Javier Milei is seen on television during an interview, in Buenos Aires, Argentina, on Feb. 17, 2025.
Could a crypto scam sink Milei?
Milei promoted a new cryptocurrency called $LIBRA on X last Friday, writing in a now-deleted post that the coin was aimed at “encouraging economic growth by funding small businesses and startups.” Milei also shared a link to something called the Viva La Libertad project, which says it launched the coin “in honor of Javier Milei’s libertarian ideas” and “to strengthen the Argentine economy from the ground up by supporting entrepreneurship and innovation.”
During the brief time Milei’s post was up – just a few hours – the coin’s price soared from nothing to about $5 before plummeting to less than a dollar. People who purchased the token at its highest price were left with a near-worthless coin, while some, including the token’s developers, made off with millions. Though Milei’s office denies any involvement in the coin’s creation or launch, a federal court in Argentina has started an investigation into the scandal, and opposition lawmakers are calling for his impeachment.
While Milei remains popular, he has struggled to pass legislation around his slash-and-burn economic agenda, and this scandal could widen the gulf between the president’s supporters and the opposition. Argentina is in the midst of a massive inflation crisis, which Milei’s shock therapy tactics aim to fix. Being embroiled in a scandal like this is the last thing Milei wants as the country heads into midterm elections this October.Argentina's President Javier Milei gestures during the Atreju political meeting organized by the young militants of Italian right-wing party Brothers of Italy (Fratelli d'Italia) at Circo Massimo in Rome.
Big milestone for Argentina’s radical president: Economy escapes recession
A year ago, Argentina’s eccentric, wolverine-haired, “anarcho-libertarian” president Javier MIlei took office with a chainsaw and a plan: to tackle the country’s triple-digit inflation and chronic debt problems, he would hack government spending to pieces — and it seems to be working.
Latin America’s third largest economy has emerged from recession for the first time since the third quarter of 2023, with GDP growing nearly 4% since then. Month-on-month inflation has plunged from 25% last December to just 2.4% a month ago.
How’d he do it? Since coming to office, Milei has scrapped more than half of the government ministries, slashed spending on public salaries, devalued the currency, and put pension growth in a chokehold.
The subsequent return to growth is a vindication for Milei, whose state-chopping has won him plaudits from financial markets and the International Monetary Fund. It’s also earned glowing admiration from Donald Trump who envisions a similar gutting of the US Federal government (though his protectionist impulses contrast with Milei’s purer market fundamentalism).
Milei’s approach has been painful for many. The percentage of Argentines living in poverty has surged by 13 percentage points to 53% since he took office. Milei’s bet is that this is merely short term pain. He could yet be right: experts see the economy expanding by 5% next year after contracting 3% in 2024. With mid-term elections approaching in 2025, we’ll soon learn how most ordinary Argentines feel about Milei’s methodical massacres.