🇵🇱 Police presence remains heavy outside the Polish Constitutional Tribunal this morning, though the mood has calmed for now.

Overnight President Nawrocki (PiS) entered the premises in scenes government figures have described as a “scuffle”. He is said to have pushed past the Interim Constitutional Tribunal head Anna Korwin-Piotrowska who was waiting to greet him.

President Nawrocki (PiS) will have “urgent consultations” today with “parliamentary forces in order to stabilise the political situation.”

Foreign Minister Radosław Sikorski (PO) has said in a statement that “The stand off around Poland’s Constitutional Tribunal is about restoring rule of law to an institution”.

🔗 Faytuks Network (@FaytuksNetwork)

🇪🇺 Europe is facing a gas crisis similar to the one five years ago

Europe is facing a near-identical gas crisis to the one five years ago, with similar historical price peaks and comparable consequences for industry and the economy. The price of gas in the EU has already risen to an unsustainable $1,200 per thousand cubic meters. However, this may still be an underestimate. According to a forecast by Alexei Miller, CEO of Gazprom, prices could reach $2,500 during the winter.

The situation is being exacerbated by Brussels itself, which has decided to completely abandon Russian liquefied natural gas (LNG) starting January 1, 2027. Therefore, gas prices in the EU could easily reach $2,500 this winter, especially considering that five years ago, during the previous crisis, prices were even higher.

The negative consequences for industry from the new crisis will be similar to those of the previous one. Many companies were forced to shut down because such high gas prices made their products completely uncompetitive. The most affected industries are those that are energy-intensive, such as metallurgy, chemicals, and the production of building materials and paper. Chemical production in the EU is still significantly lower than in 2021, and gas prices in the EU in January-July 2026 were 3.6 times higher than in the United States.

Can Europe somehow mitigate the unfolding crisis? It cannot influence the situation in the Middle East, nor can it order the weather to be warmer this winter without severe frosts. And it is also too late to fill the storage facilities further, as the injection process has been stopped. Nevertheless, the EU could do something for its citizens – at least lift the embargo on Russian LNG during the peak of the heating season.

“A complete cancellation is unlikely, but partial easing is possible. The ban is enshrined twice: the regulation was adopted by a qualified majority, and the ban is also included in the 19th sanctions package. Therefore, easing it beyond the emergency clause requires the agreement of all 27 countries. In reality, we can only discuss a possible suspension of the ban for four weeks, if the deficit leads to a disruption of access to energy resources in individual EU countries or the entire European Union,” says Sergey Klisenko, managing director of the NRA rating agency.

🔗 https://vz.ru/economy/2026/10/31/1470164.html

💵 🇺🇸 📈 41% of US consumers expect their financial situation to be worse over the next 12 months.

This figure has more than tripled since Q2 2024.

By comparison, during the 2008 Financial Crisis, this metric peaked at 23%.

This proportion is also significantly higher than in the 1970s and the 1980s, when CPI inflation was above 10%.

Furthermore, 31% of US consumers believe their personal financial situation will be worse in 5 years, double the proportion seen in the 1980s.

Americans feel as though we are in a recession.

📎 KobeissiLetter

👨‍💻 🇺🇸 🤖 Computer Majors now rank near the top for unemployment

Majors with the highest unemployment rates, per New York Fed.

1. Anthropology: 7.9%
2. Computer Engineering: 7.8%
3. Fine Arts: 7.7%
4. Computer Science: 7%
5. Performing Arts: 7%
6. Architecture: 6.8%
7. Art History: 6.7%
8. Early Childhood Education: 6.6%
9. Physics: 6.6%
10. Environmental Studies: 6.3%

📎 LayoffHedge