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As mentioned in “Hong Kong Protests and their Potential Consequences” last month, the divide between Hong Kong and China over civil liberties remains fierce, with no resolution achieved as protests continue.  Daryl Morey, one of the NBA’s most respected general managers as apart of the Houston Rockets, has come under fire for a recent tweet he made in support of the democratic protests in Hong Kong, in which he shared: “Fight for freedom. Stand with Hong Kong.” 

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On September 13th, Saudi Arabia fell victim to a drone attack on their state-owned oil processing facility, a resource they proudly consider to be their kingdom’s “crown jewel,” as oil accounts for 50% of Saudi Arabia’s GDP and 70% of their export earnings.  The attack sent crude oil prices up 15% to about $69 a barrel, marking the highest price increase in over three decades. With such a heavy reliance placed on Saudi Arabia’s oil reserves, it is important for world leaders to keep in mind the damaging repercussions of escalating conflict in the Middle East, an issue that presents another big problem to the world economy, in addition to the U.S. and China trade dispute.  

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A CNBC report in late August reported the looming challenges that currently face the fast-food industry: high turnover rates.  At Panera Bread, the employee turnover rate has reached 100%, a figure that is surprisingly low in comparison to industry estimates, which top 150%.  A 2013 study by Cornell’s Rosemary Batt, a Professor in Human Resource Studies and International and Comparative Labor, estimated that businesses incur losses of approximately $1,600 per employee due to turnover. The rising minimum wage is also significantly impacting the fast-food industry, and forcing organizations to reconsider how they do business.