Business

Explained: the Economic Crisis in Sri Lanka

Sri Lanka is currently in an economic and political crisis of mass proportions, recently culminating in a default on its debt payments. The country is also nearly at empty on their foreign currency reserves, decreasing the ability to purchase imports and driving up domestic prices for goods.

There are several reasons for this crisis and the economic turmoil has sparked mass protests and violence across the country. This visual breaks down some of the elements that led to Sri Lanka’s current situation.

A Timeline of Events

The Current State of the Global Gender Gap

As a global society, we still have a long way to go before we reach gender equality around the world.

According to the World Economic Forum’s (WEF) latest Global Gender Gap Report, it could take up to 135.6 years to close the global gender gap, based on the current rate of change.

The following content is sponsored by Canadian Manufacturers & Exporters.

Raw Material Inflation in Canada

Inflation in Canada is climbing, and it has impacted the raw materials manufacturers use to produce goods. In fact, raw material prices have climbed 37% year-over-year on average.

More than half of manufacturers say this is one of their top challenges. In this graphic from Canadian Manufacturers & Exporters (CME), we show which materials have seen the biggest price spikes over the last year.

Inflation by Raw Material

A lot has changed at USA Today and throughout the rest of Gannett — the largest newspaper chain in America — over the last few years. The newspapers have gone “woke” writes David Mastio, the former deputy editorial page editor of USA Today in a Thursday New York Post editorial. Mastio, after relating his own story of being demoted at USA Today for posting at Twitter the “unwoke” comment that “People who are pregnant are also women,” details the current state of affairs at Gannett: