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Hard Numbers: US economy down, Bennett picks up his tab, no ransom in Nigeria, South Koreans spy for North

April 28, 2022

Carlos Santamaria

Hard Numbers: US economy down, Bennett picks up his tab, no ransom in Nigeria, South Koreans spy for North

Paige Fusco

1.4: US economic growth shrank by 1.4% year-on-year in the first quarter of 2022, the first contraction since the pandemic began. Bad news for President Biden, but a recession can still be avoided if Americans keep spending, hiring remains strong, and wages keep pace with inflation.

7,400: Israel's PM Naftali Bennett says he'll pay for his own meals from now on after running up a $7,400 monthly food tab covered by taxpayer money. Bennett, a self-made millionaire who still lives in his private residence, claims to spend three times less per month than his predecessor Bibi Netanyahu, famous for his lavish lifestyle.

15: Nigeria has updated its terror law in a bid to fix its kidnapping problem. Anyone who pays a ransom now faces a minimum 15-year sentence, and abductors who kill now face the death penalty.

2: Two South Koreans have been arrested for allegedly passing secrets to the North. The pair — a crypto CEO and an army officer — are accused of sharing login details for South Korea's joint military command in exchange for a hefty payday in Bitcoin.

GZEROMEDIA

The biodiversity-shaped piece in the climate crisis puzzle: How to solve it

Mastercard

The clock is ticking on efforts to help halt and reverse biodiversity loss, but there’s still time to help support the animals, plants, and ecosystems that are all necessary for a healthy planet. In order to protect biodiversity — every living organism and ecosystem from microbes to mangroves — citizens, companies, and countries all need to do their part. That’s why the Mastercard-led Priceless Planet Coalition is on a mission to restore 100 million trees and regenerate biodiversity-rich forests. Read more about the Coalition's approach and progress.

Hot topics at the IMF-World Bank meetings

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Delegates at the IMF and World Bank Annual Meetings have been giving rosy outlooks to the press while the cameras are rolling, but GZERO Senior Writer Matthew Kendrick heard a different story in private settings. He told Tony Maciulis that the global outlook depends heavily on US policy continuity — which is highly unlikely under a second Trump administration — and successful efforts in China to revive its own floundering economy.

Can the IMF change to help more women?

Matthew Kendrick

When a country hits rock bottom financially, the International Monetary Fund is meant to step in with funds to stabilize the economy without damaging its society — or the gender gap. But studies show that these programs often push women out of work at a disproportionate rate to men as the economy contracts. Matthew Kendrick reports from the World Bank-IMF Annual Meetings on a push to build more equitable programs.

GZEROMEDIA

North Korean troops move into Russia’s border area with Ukraine

Russia's President Vladimir Putin and North Korea's leader Kim Jong Un attend a farewell ceremony before Putin's departure at an airport in Pyongyang, North Korea June 19, 2024.

Gavriil Grigorov/Reuters

Kyiv says that roughly 12,000 North Korean troops are in Russia, a far greater number than reported by the US, though it remains unclear precisely how many have entered what Ukraine referred to as the “combat zone.”

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Hard Numbers: US economy down, Bennett picks up his tab, no ransom in Nigeria, South Koreans spy for North

GZEROMEDIA

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Hard Numbers: Turkey retaliates for terror bombing, Boeing workers reject deal, Biden to issue historic apology, Brand new prime number, Los Angeles DA recommends resentencing for Menendez brothers

North Korean troops move into Russia’s border area with Ukraine

Kyiv says that roughly 12,000 North Korean troops are in Russia, a far greater number than reported by the US, though it remains unclear precisely how many have entered what Ukraine referred to as the “combat zone.”

Georgia’s vote: A contest between Russia and the West

Georgian Dream insists the country is still on track to join the EU, as critics accuse the party of pushing Georgia in an increasingly anti-Western, authoritarian direction.

Graphic Truth: BRICS economies eclipse the G7

In 2001, a Goldman Sachs economist coined an acronym for the four largest and most promising “emerging market” economies: Brazil, Russia, India, and China became known as the “BRIC” countries.

Texas showdown: Trump and Harris target the different sides of gender divide

With the latest polls still showing Donald Trump and Kamala Harris neck and neck in the swing states, both candidates are heading to Texas, a far less competitive state, with hopes of reaching key voter groups nationwide.

Hard Numbers: US economy down, Bennett picks up his tab, no ransom in Nigeria, South Koreans spy for North

GZEROMEDIA

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More from GZERO Media

This week World Bank announced a bold initiative to bridge the gender divide by creating more economic opportunity, broadening female leadership, and reducing gender-based violence in the next 5 years as 2030 approaches.

There are times when we need more context, and there are times when we do not. How do we tell the difference?

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

Kyiv says that roughly 12,000 North Korean troops are in Russia, a far greater number than reported by the US, though it remains unclear precisely how many have entered what Ukraine referred to as the “combat zone.”

Georgian Dream insists the country is still on track to join the EU, as critics accuse the party of pushing Georgia in an increasingly anti-Western, authoritarian direction.

In 2001, a Goldman Sachs economist coined an acronym for the four largest and most promising “emerging market” economies: Brazil, Russia, India, and China became known as the “BRIC” countries.

With the latest polls still showing Donald Trump and Kamala Harris neck and neck in the swing states, both candidates are heading to Texas, a far less competitive state, with hopes of reaching key voter groups nationwide.