International
JUST IN: Nancy Pelosi announces retirement from historic run in Congress
Speaker Emerita Nancy Pelosi (D-California) announced her retirement Thursday morning via video message.
In the message posted on her social media accounts she speaks directly to San Francisco.
She said: “San Francisco, know your power,”. “We have made history. We have made progress. We have always led the way, and now we must continue to do so by remaining full participants in our democracy and fighting for the American ideals we hold dear.
“Dear San Francisco, we are fortunate to live in the most beautiful, remarkable place on Earth, but the true magic of San Francisco, the San Franciscans. There’s a reason why our city has always been synonymous with the future. Here, we don’t fear the future. We forge it from the gold rush to the miracles of science and technology. Our city has always been the cradle of innovation, buzzing with optimism and creativity.
“We are vibrant and diverse city, home to hard working families, diligent students and Heroic veterans and the dreams of entrepreneurs and immigrants from Chinatown to Japantown, from the mission to the film Hunters Point to the Castro North Beach to the sunset. We are also resilient, experiencing more than our fair share of challenges.
“When the Loma Prieta earthquake struck, we brought in federal support that ensured we would not just recover but reimagine the South of Market neighborhood, and of course, HIV AIDS tested our city to its core. But out of our agony came action. Under the leadership of UCSF and San Francisco General, we pioneered comprehensive community based care, prevention and research.
That very system served as a model, as we wrote the Ryan White Care Act, which still ensures access to life saving medical care nationwide. Fittingly, our city is home to the National AIDS memorial grove, a place of renewal, where we remember the loved ones we lost. For decades, I’ve cherished the privilege of representing our magnificent city in the United States Congress.”
International
IEA agrees to release record 400 million barrels of oil to address Iran war supply disruptions
The IEA did not set out a timeline for when the stocks would hit the market
Merchant ship on fire hits by Iran in Strait of Hormuz.
The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the Iran war, the largest such action in the organization’s history.
The IEA did not set out a timeline for when the stocks would hit the market.
It said that the reserves would be released over a time frame that is appropriate to the circumstances of each of its 32 member countries.
IEA members are primarily advanced economies in Europe, North America and northeast Asia. The organization is tasked with maintaining global energy security.
It was founded in 1974 in response to the oil embargo imposed by Arab producers over U.S. support for Israel during the 1973 Arab-Israeli war.
(CNBC)
International
Iran tells world to get ready for oil at $200 a barrel as it fires on merchant ships
The war unleashed with joint U.S. and Israeli air strikes nearly two weeks ago has so far killed around 2,000 people, mostly Iranians and Lebanese, as it has spread into Lebanon and thrown global energy markets and transport into chaos.
(REUTERS): Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on Wednesday and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s.
The war unleashed with joint U.S. and Israeli air strikes nearly two weeks ago has so far killed around 2,000 people, mostly Iranians and Lebanese, as it has spread into Lebanon and thrown global energy markets and transport into chaos.
Despite what the Pentagon has described as the most intense airstrikes since the start of the war, Iran also fired at Israel and targets across the Middle East on Wednesday, demonstrating it can still fight back.
On Wednesday, three vessels were reported to have been hit in Gulf waters as Iran’s Revolutionary Guards said their forces had fired on ships in the Gulf that had disobeyed their orders.
While Israel’s Defence Minister Israel Katz said the operation “will continue without any time limit, as long as required, until we achieve all objectives and win the campaign,” Trump suggested the campaign would not last much longer.
International
NASA’s Satellite Crashing Back to Earth After 14 Years in Orbit
The spacecraft weighting 1,300 pound is called Van Allen Probe A, has been orbiting the planet for nearly 14 years and is now predicted to re-enter Earth’s atmosphere within the next day or two.
Photo: X
A satellite launched by NASA more than a decade ago is expected to return to Earth soon.
The spacecraft weighting 1,300 pound is called Van Allen Probe A, has been orbiting the planet for nearly 14 years and is now predicted to re-enter Earth’s atmosphere within the next day or two.
The space agency earlier estimated that the probe would begin re-entry around 7:45 p.m. ET on Tuesday (March 10), though the timing could vary by as much as 24 hours.
According to NASA, the risk of damage on the ground is extremely low.
Most of the more than 600-kg spacecraft is expected to burn up due to intense heat while passing through Earth’s atmosphere.
However, some small components may survive the re-entry. Scientists estimate that the chance of debris harming a person is about one in 4,200, which the agency describes as minimal.
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