Each week, BIV staff will share with you some of the interesting stories we have found from around the web.
Mark Falkenberg, deputy managing editor:
U.S. President Joe Biden has ordered the release of millions of barrels of American oil reserves to try to keep gas prices down. But as Bloomberg’s David Fickling notes, “Interventions have a spotty record: It’s as common for them to be followed by increases in prices as reductions.” – Bloomberg
The B.C. government has been repeatedly warned that its funding of school repairs in the province isn’t keeping up with the needs of physically deterioriating school buildings and infrastructure. – Fraser Valley Current
Nelson Bennett, reporter:
Canadian miner getting out of Russia. Kinross Gold, one of the few Canadian mining companies actively mining in Russia, is packing its bags. It is selling its Russian gold mining assets to Jersey-based Highland Gold. – mining.com
With concerns over war in Ukraine spreading and pulling in NATO countries, a number of countries are re-evaluating their military strength and spending. In this piece, Geoff Ross looks at Russia’s military, which he says “seems to function better as a workfare program than a fighting force,” and compares it to other countries’ fighting forces and spending. Despite spending 4% of its GDP on defence – compared to America’s 2.1% and China 1.6% – Russia’s military has proven surprisingly ineffective in the Ukraine. – The National Post
Timothy Renshaw, managing editor:
Is it really later than you think? Or do you have more time on your hands than you previously thought? For answers to these and other pressing time, time travel and time dilation questions, we can turn to deep-thinkers like Albert Einstein and Isaac Newton, or maybe first digest this “What Is Time?” think piece from Live Science.
While you are grappling with the complexities of time and how much you and the rest of the world might have left based on the latest climate change apocalypse estimates, here are some suggested ways to slow global warming that do not require massive outlays of taxpayer dollars, according to PhysOrg.