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Saudi Oil Giant’s CEO: $25T Needed for Industry Investment (Jeff C.)
At the World Economic Conference in Davos, Amin Nasser told a Wall Street Journal panel that $25 trillion would need to be invested over the next 25 years on new oil capacity to meet rising demand.
Armed Insurgency Erupts in Myanmar (Dan)
The Muslim minority group the Rohingya has long been oppressed in Myanmar due to the military rule. The Rohingya expected a change with the popular Aung San Suu Kyi’s ascendence to power (and reversion to Myanmar from Burma). Instead, violence has increased against the Muslim minority. Now ISIS and other militant groups are coming to the aid of the Rohingya.
World’s 8 Richest Have More Wealth than Combined Bottom Half of Humanity (Jimmy)
The charity organization Oxfam has just released its startling study on wealth concentration. This is a big change from last year when it took the top 62 richest to equal the wealth of the bottom half.
CIA Makes 12M Pages of Declassified Documents Searchable Online (Trevin)
The files were previously available, but only during business hours on four computers at the National Archives.
Prominent Mexican Environmentalist Killed (Dan)
The murder of Isidro Baldenegro marks the second killing of a Goldman Prize recipient. Last year Berta Cáceres was murdered in her native Honduras. Their deaths continue a trend of violence against South and Latin American environmental activists, particularly from indigenous cultures.
Davos Elite Seek Fixes to Defend the System Against Populists (Jimmy)
Elites meeting at the annual World Economic Forum in Davos, Switzerland are expressing their worries about populism, and how they can maintain political and economic order.