When you buy a bottle of rum in the United States, by law nearly all the federal taxes on that rum must be sent to Puerto Rico and the U.S. Virgin Islands. It's an unusual system that Congress designed decades ago to help fund these two U.S. territories. In 2021 alone, these rum tax payments added up to more than $700 million.

Puerto Rico and the Virgin Islands split the money according to how much rum each territory produces. And the territories produce a lot of it — especially Puerto Rico, which single handedly supplies the majority of the rum that Americans drink.

But in 2008, the U.S. Virgin Islands pulled off a coup. It convinced one of the largest rum brands in the world, Captain Morgan, to abandon Puerto Rico and to shift its operations to the tiny island of St. Croix.

This was the beginning of the Rum Wars.

On today's show, the story of how a scheme designed to help Puerto Rico and the U.S. Virgin Islands turned them into bitter rivals. And how it ended up putting hundreds of millions of dollars a year — U.S. taxpayer dollars — into the pockets of big liquor companies instead.

This episode was hosted by Jeff Guo and Sarah Gonzalez. It was produced by James Sneed with help from Sam Yellowhorse Kesler. It was edited by Molly Messick, engineered by Cena Loffredo, and fact checked by Sierra Juarez. Alex Goldmark is Planet Money's executive producer.

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There's been a lot of disagreement in Congress and in the country about whether the U.S. should continue to financially support the wars in Ukraine and Gaza.

Some taxpayers don't think the U.S. should give Ukraine any money to fight off Russia's invasion. And some taxpayers have concerns about how they might be funding weapons that have been used to kill civilians in Gaza. And there are questions about how much individual taxpayers contribute to war efforts, generally.

So in this episode, we attempt to do the math: The average taxpayers' contribution to Israel and Ukraine. It's not so simple. But in attempting to do this math, we get this window into the role of our tax dollars on foreign assistance, and how the U.S. sells weapons to other countries.

For links to some of the reports we looked at to report this episode, check out the episode page on NPR.org.

This episode was hosted by Sarah Gonzalez and Alexi Horowitz-Ghazi. It was produced by Sam Yellowhorse Kesler and edited by Jess Jiang. It was fact-checked by Sierra Juarez and engineered by Robert Rodriguez. Alex Goldmark is our executive producer.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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Episodes each Wednesday through labor day. Find all the episodes from this season here. And past seasons here. And follow along on TikTok here for video Summer School.

Planet Money Summer School has arrived at the birth of the United States and the chance to set up a whole new economy from scratch. Should there be a centralized bank? Should there be a single currency? We'll travel to two moments in the country's early history when the founders said "nope" to these questions and see what happened.

First we'll witness one of the great economic battles in U.S. history – the president of the United States versus the president of the Bank of the United States – and see how the outcome ushered in an age of financial panics. Then we'll drop in on a time before the U.S. dollar existed as we know it, when you could buy things using one of about 8,000 forms of money circulating in the country. We watch as the Civil War leads to the first standard currency. Along the way, we'll learn why the cycle of economic booms and busts persists to today despite efforts to centralize America's economy throughout history.

This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina.

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Following a set at Coachella and a breakout hit, this energetic Japanese girl group has its sights set on world domination.

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Pure Water LA/Operation Next would increase the resiliency of drinking water supplies to future costs, earthquakes and climate-induced drought.

Dolphin Wave by Kitty Cantrell is a(n) Limited Edition. The Edition is Limited to Limited Edition pcs

Dolphin Domain by Dan Medina is a(n) Limited Edition. The Edition is Limited to Limited Edition of 2001 pcs

Donny Nadolny of PagerDuty joins Robert Blumen to tell the story of debugging an issue that PagerDuty encountered when they set up a Zookeeper cluster that spanned across two geographically separated datacenters in different regions.

Severe weather is the single leading cause of power outages in the United States. Outages caused by severe weather such as thunderstorms, hurricanes and blizzards account for 58 percent of outages observed since 2002 and 87 percent of outages affecting... Read more

The post Billion Dollar Storms vs U.S. Electric Grid appeared first on EEP - Electrical Engineering Portal.

This online resource for KS1 and KS2 is suitable for Literacy, ICT, Science, Art and Citizenship. Activities include an interactive e-card to help spread the message about environmental awareness.

Chile recently passed a law that will ban all single-use plastic in several fields. The industry has been searching for materials that are non-plastic but that still have all the characteristics of plastic.

It’s no secret that 2020 has been a year like no other. As the coronavirus pandemic swept across the globe, Americans had to adjust to a new reality: wearing masks, social distancing and staying home as much as possible. 

Fundamental Overview

The puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might also be seeing some pre-positioning into a potentially hot US CPI report tomorrow.

At the latest Fed’s decision, Fed Chair Powell said that they expect bumps on inflation and that one or two bad data months on inflation won’t change the process. This keeps the 25 bps cut in December in place even if we get higher inflation readings.

The market though is forward-looking, and the rise in Treasury yields showed that the market sees risks to the inflation outlook. Moreover, the red sweep could increase those fears if the progress on inflation stalls, or worse, reverses.

USDJPY Technical Analysis – Daily Timeframe

On the daily chart, we can see that USDJPY continues to consolidate above the key 152.00 support zone maintaining a bullish bias. If we were to get another pullback into the support, we can expect the buyers to step in once again to position for a rally into the 160.00 handle. The sellers, on the other hand, will want to see the price breaking lower to pile in for a drop into the 148.00 handle next.

USDJPY Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that we have a minor upward trendline defining the current bullish momentum. The price recently bounced near the trendline and we can expect the buyers to keep leaning on it, while the sellers will look for a break lower to gain more conviction for a bigger correction to the downside.

USDJPY Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have a minor support zone around the 153.40 level. This is where the buyers are stepping in with a defined risk below the zone to position for the continuation of the uptrend. The sellers, on the other hand, will want to see the price breaking lower to target a pullback into the trendline. The red lines define the average daily range for today.

Upcoming Catalysts

This week is a bit empty on the data front with the most important releases scheduled for the latter part of the week. Tomorrow, we have the US CPI report. On Thursday, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US Retail Sales data.

See the video below

Fundamental Overview

The puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might also be seeing some pre-positioning into a potentially hot US CPI report tomorrow.

At the latest Fed’s decision, Fed Chair Powell said that they expect bumps on inflation and that one or two bad data months on inflation won’t change the process. This keeps the 25 bps cut in December in place even if we get higher inflation readings.

The market though is forward-looking, and the rise in Treasury yields showed that the market sees risks to the inflation outlook. Moreover, the red sweep could increase those fears if the progress on inflation stalls, or worse, reverses.

On the GBP side, this morning we got the UK labour market report and although the data was mostly mixed, it leant more on the dovish side. Overall though, it didn’t change anything for the market or the BoE.

GBPUSD Technical Analysis – Daily Timeframe

On the daily chart, we can see that GBPUSD broke through the support zone around the 1.2840 level and extended the drop as more sellers piled in. The natural target should be the swing low at 1.2665 level. That’s where we can expect the buyers to step in with a defined risk below the level to position for a rally back into the 1.28 handle.

GBPUSD Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see more clearly the break of the support which was defining the range between the 1.2840 support and the 1.3040 resistance. If the price retests the support now turned resistance, we can expect the sellers to step in with a defined risk above the level to position for a drop into the 1.2665 level next. The buyers, on the other hand, will want to see the price breaking higher to position for a rally back into the 1.3040 resistance.

GBPUSD Technical Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that we have a minor downward trendline defining the current bearish momentum. The sellers will likely keep on leaning on it to position for new lows, while the buyers will look for a break higher to pile in for a rally into new highs. The red lines define the average daily range for today.

Upcoming Catalysts

This week is a bit empty on the data front with the most important releases scheduled for the latter part of the week. Tomorrow, we have the US CPI report. On Thursday, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US Retail Sales data.

Commercial Changes / Commercial viability

Manufacturing

The OSCE Project Co-ordinator in Ukraine invites the representatives of legal academia of Ukraine to participate in the “Summer School on General Legal Theory and Teaching Methodology”. The summer school will be held in Ivano-Frankivsk region from 15 to 19 August 2016.

Leading Ukrainian and international experts in the fields of general legal theory and teaching methodology have been invited to conduct the summer school.

This activity is organized under the Project “Improving Legal and Human Rights Education in Ukraine” aimed to create necessary conditions for strengthening the capacity of legal academia to teach legal disciplines aimed at training future lawyers to respect, protect and promote human rights and support proper functioning of human rights protection mechanisms.

Teachers of general legal theory are primarily invited to participate in the summer school; the applications will be reviewed on a competitive basis. All the applicants should send a CV and an essay stating personal and professional interest of participation in the summer school (length: up to 2 pages of printed text, font: Times New Roman 14, spacing: 1.5, margins: right – 1, left – 3, top and bottom – 2) until 25 July 2016 inclusive via email to osce.school@gmail.com.

The selected participants from other cities will be reimbursed for travel expenses to and from the venue of the summer school in Ivano-Frankivsk region within a “coupe” or 2nd class of “Intercity” fare. Accommodation and meals will be provided by the organizers. Successful participants will be additionally informed about the exact venue of the summer school.

To confirm your participation in the summer school and in case of any additional questions regarding the organization and conduct of the summer school, please refer to us via email at osce.school@gmail.com.

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• OSCE launches first distance human rights course in Ukraine for judges
• Call for Applications to the Youth Contact Groups from Donetsk and Luhansk Regions
• OSCE supports Ukrainian legal education practitioners in developing human rights-oriented approaches to their work

https://nypost.com/2024/11/11/opinion/un-climate-conference-just-an-excuse-to-shake-west-down-for-cash/ By Bjorn Lomborg The UN climate summit in Azerbaijan kicked off Monday in the shadow of Donald Trump’s election and with many key leaders not even showing up. With low expectations set before it even began, the summit will nonetheless see grandiose speeches on the need for a vast flow of money from rich countries to poorer ones. […]

Get to know South Carolina cornerback Cam Smith and Texas A&M running back Devon Achane, the Miami Dolphins' second- and third-round picks in the NFL draft, and more on how Miami will likely use them.

In an unexpected move, the Miami Dolphins selected South Carolina cornerback Cam Smith with their second-round pick in the NFL draft. They then went running back in the third round, taking Texas A&M speedster Devon Achane at No. 84.

The Dolphins selected the best players available in the NFL draft on Day 2, and they're convinced they did the right thing. However, some think they should have filled their needs, especially when it comes to tight end, right tackle and left guard.

Here’s what you need to know about Stanford WR-TE Elijah Higgins, the sixth-round pick for the Miami Dolphins, and Michigan OT Ryan Hayes, the seventh-round pick.

The Miami Dolphins selected a talented college wide receiver who has the size to play tight end in the NFL with their sixth-round selection on the final day of the 2023 NFL draft, and then grabbed an offensive tackle in the seventh round.

The Miami Dolphins only had four picks in the 2023 NFL draft, but they improved their team's talent base. Here's a closer look at the Dolphins' draft class -- cornerback Cam Smith, running back Devon Achane, tight end Elijah Higgins, and offensive tackle Ryan Hayes.

The Miami Dolphins immediately got to work adding undrafted free agents to their rookie class upon completion of the NFL draft Saturday night.

The Sun Sentinel grades the Miami Dolphins, Buffalo Bills, New York Jets and New England Patriots' 2023 NFL draft class and analyzes which AFC East team fared the best in the division.

Miami Dolphins general manager Chris Grier and coach Mike McDaniel detail operating without their first-round pick and answered other offseason questions.

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