News
US releases 50 million barrels of oil to ease energy costs
US President Joe Biden has ordered 50 million barrels of oil to be released from the strategic reserve to help bring down the cost of energy
In an announcement by President Joe Biden and the White House on Tuesday, the move was done in coordination with other major energy-consuming nations, including China, India, the United Kingdom, Japan and South Korea.
“This coordinated action will help us deal with the lack of supply, which in turn helps ease prices,”
President Biden said in remarks at the White House on Tuesday.
“Today, we’re launching a major effort to moderate the price of oil, an effort that will span the globe in its reach and ultimately reach your corner gas station, God willing,” Biden said.
“Before long, you should see the price of gas drop”
A senior administration official told reporters the releases would start in mid to late December, and that further intervention was possible to steady the market as the US government continues to respond to a “once-in-a-century pandemic”.
“As the president has said, consumers are facing pain at the pump right now,” the official said.
While aimed at global energy markets, the release of the oil also has political implications as US voters prepare to cope with higher inflation and rising prices ahead of US Thanksgiving and winter holiday travel.
Fuel prices reach all-time highs
According to the American Automobile Association, fuel prices are at about $3.40 a gallon, more than double their price a year ago.
Joe Biden has scrambled to reshape much of his economic agenda around the issue of inflation – stating that his recently passed $1 trillion infrastructure package will reduce price pressures by making it more efficient and cheaper to transport goods.
Republican legislators have criticised the administration’s approach, saying the current Biden government is responsible for inflation hitting a 31-year high in October.
News
Are women being silenced on LinkedIn? Algorithm claims spark debate
LinkedIn’s algorithm may favor men’s content, prompting concerns about gender bias and visibility for women professionals.
LinkedIn’s algorithm may favor men’s content, prompting concerns about gender bias and visibility for women professionals.
A Melbourne-based LinkedIn coach has raised concerns that the platform’s algorithm may be limiting the reach of women’s content. The discussion has intensified after an experiment showed major differences in engagement between male and female profiles posting identical content. Is the algorithm unintentionally amplifying gender bias?
We speak with Darren Woolley from TrinityP3 to unpack the evidence behind these claims, explore the implications of LinkedIn’s denials, and break down what these changes mean for professional women trying to build visibility online. What does the shift from cumulative to daily performance graphs signal? And how worried should users be about hidden bias?
Darren also explains why women must continue posting, how to create content that cuts through algorithm changes, and what strategies can help users—particularly women—boost their reach. Plus, we look at the broader call for more diverse voices to be heard on the world’s biggest professional platform.
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#LinkedInNews #SocialMediaBias #WomenInBusiness #AlgorithmIssues #DigitalVisibility #ProfessionalNetworking #GenderEquality #TechDebate
News
Hong Kong high-rise inferno leaves dozens dead and hundreds missing
Deadly fire at Hong Kong’s Wang Fuk Court kills 36, 279 missing; authorities face scrutiny over construction safety.
Deadly fire at Hong Kong’s Wang Fuk Court kills 36, 279 missing; authorities face scrutiny over construction safety.
A horrific fire has torn through Hong Kong’s Wang Fuk Court housing complex, killing at least 36 people and leaving 279 missing. The blaze erupted in the Tai Po district and quickly intensified as bamboo scaffolding helped the flames spread with alarming speed.
The complex, home to nearly 4,800 residents, was undergoing major renovations at the time of the disaster. Authorities are now facing renewed scrutiny over construction safety and the ongoing reliance on bamboo scaffolding, which has been at the centre of multiple accidents in recent years.
Chinese President Xi Jinping has expressed deep condolences and called for urgent rescue and recovery operations as emergency teams continue searching for survivors.
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National Guard troops shot near White House as lockdown declared
Two National Guard members shot near the White House; critical condition prompts major law enforcement response and lockdown.
Two National Guard members shot near the White House; critical condition prompts major law enforcement response and lockdown.
Two National Guard members have been shot in Washington, D.C., just blocks from the White House, prompting a major response from law enforcement. A suspect was also shot during the confrontation, and officials report the guards are in critical condition. President Trump, currently in Florida for the Thanksgiving holiday, confirmed the severity of the incident.
Authorities quickly locked down the White House and the Treasury Department’s headquarters as police surrounded Farragut Square with heavy security and yellow tape. The area remains closed off as investigators work to understand what led to the violent encounter.
This shooting comes as tensions rise around the National Guard’s legal role in the capital. A federal judge recently ruled their presence violates several laws but delayed action until December 11, leaving a controversial deployment in limbo.
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