{"id":78,"date":"2022-09-27T22:06:06","date_gmt":"2022-09-28T03:06:06","guid":{"rendered":"https:\/\/wordpress.morningside.edu\/bgo001\/?p=78"},"modified":"2022-09-27T22:06:06","modified_gmt":"2022-09-28T03:06:06","slug":"news-comment-4","status":"publish","type":"post","link":"https:\/\/wordpress.morningside.edu\/bgo001\/2022\/09\/27\/news-comment-4\/","title":{"rendered":"News Comment #4"},"content":{"rendered":"\n<p><strong><em>The Dollar is Strong. That is Good for the U.S. but Bad for the World. <\/em><\/strong><a href=\"https:\/\/www.nytimes.com\/2022\/09\/26\/business\/economy\/us-dollar-global-impact.html\" data-type=\"URL\" data-id=\"https:\/\/www.nytimes.com\/2022\/09\/26\/business\/economy\/us-dollar-global-impact.html\">https:\/\/www.nytimes.com\/2022\/09\/26\/business\/economy\/us-dollar-global-impact.html<\/a><\/p>\n\n\n\n<p>According to New York Times, the British pound has touched a record low against the dollar. The value of the dollar is causing economic turmoil in rich and poor nations. Starvation is a greater problem for Nigeria and Somalia because of the strong dollar it is pushing up the price of fuel, food, and medicine. <\/p>\n\n\n\n<p>&#8220;For the rest of the world it is a no-win situation.&#8221; &#8211; Eswar Prasad<\/p>\n\n\n\n<p>The dollar is the worlds currency. Energy and food tend to be baught and sold in dollars. According to the international monetary fund, 40% of the worlds transactions are done in dollars. The dollar is beating other currency like, the Brazilian Real, the South Korean Won, and the Tunsian Dinar. <\/p>\n\n\n\n<p>Currently there are supply chain chokeholds because of the COVID-19 pandemic, the Russian invasion on Ukraine, climate disasters, and food and energy supply. American buyers are getting a bargain because of the high dollar value, this means that the worse things get, the more people buy dollars. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-the-new-york-times wp-block-embed-the-new-york-times\"><div class=\"wp-block-embed__wrapper\">\n<iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"The Dollar Is Strong. That Is Good for the U.S. but Bad for the World.\" src=\"https:\/\/www.nytimes.com\/svc\/oembed\/html\/?url=https%3A%2F%2Fwww.nytimes.com%2F2022%2F09%2F26%2Fbusiness%2Feconomy%2Fus-dollar-global-impact.html#?secret=gjE6sgFkZc\" data-secret=\"gjE6sgFkZc\" scrolling=\"no\" frameborder=\"0\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dollar is Strong. That is Good for the U.S. but Bad for the World. https:\/\/www.nytimes.com\/2022\/09\/26\/business\/economy\/us-dollar-global-impact.html According to New York Times, the British pound has touched a record low against the dollar. The value of the dollar is causing economic turmoil in rich and poor nations. Starvation is a greater problem for Nigeria and Somalia [&hellip;]<\/p>\n","protected":false},"author":1176,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-78","post","type-post","status-publish","format-standard","hentry","category-uncategorized","post-preview"],"_links":{"self":[{"href":"https:\/\/wordpress.morningside.edu\/bgo001\/wp-json\/wp\/v2\/posts\/78","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wordpress.morningside.edu\/bgo001\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wordpress.morningside.edu\/bgo001\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wordpress.morningside.edu\/bgo001\/wp-json\/wp\/v2\/users\/1176"}],"replies":[{"embeddable":true,"href":"https:\/\/wordpress.morningside.edu\/bgo001\/wp-json\/wp\/v2\/comments?post=78"}],"version-history":[{"count":1,"href":"https:\/\/wordpress.morningside.edu\/bgo001\/wp-json\/wp\/v2\/posts\/78\/revisions"}],"predecessor-version":[{"id":79,"href":"https:\/\/wordpress.morningside.edu\/bgo001\/wp-json\/wp\/v2\/posts\/78\/revisions\/79"}],"wp:attachment":[{"href":"https:\/\/wordpress.morningside.edu\/bgo001\/wp-json\/wp\/v2\/media?parent=78"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wordpress.morningside.edu\/bgo001\/wp-json\/wp\/v2\/categories?post=78"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wordpress.morningside.edu\/bgo001\/wp-json\/wp\/v2\/tags?post=78"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}