Consolidation is the name of the Bigs game. The more they own the more they control... it’s the way of the power hungry world. As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over.
ECONOMIC UPDATE – MARKET OVERVIEW
As we had forecast since the U.S. Fed started raising interest rates back in March 2022, the higher interest rates rise, the stronger the dollar will get.
HOME SALES SLOWEST SINCE 2010: WHAT’S NEXT?
In October, the pace of U.S. existing home sales dropped 4.1 percent from September to 3.79 million, the least in any month since August 2010, the National Association of Realtors (NAR) announced. Sales for the month were 14.6 percent fewer than those in October 2022.
BIDEN: MORE U.S. ARMS FOR ISRAEL TO KEEP KILLING PALESTINIANS AND DESTROYING GAZA
President Joe Biden is working to lift nearly all restrictions in place for Israel’s access to the U.S. weapons arsenal to enable an easier transfer during its massive bombing campaign in Gaza.
OPENAI OPENS A “TWILIGHT ZONE” Q* DOOR TO THE SINGULARITY
So now we learn that the chaos at OpenAI might just have something to do with a “creature,” and not a “tool.”
DEATH OF JOURNALISM: SOME NEWSROOMS DON’T HAVE A SINGLE REPORTER
Newspapers across the U.S. may have the content but don’t have reporters to produce it.
FORMER JEWISH U.S. STATE DEPT. OFFICIAL ARRESTED AFTER HATE ARABS RANT
A former Obama-era State Department employee who was caught on video berating a Halal food vendor in New York City, and saying the death of 4,000 Palestinian children in Gaza was not enough was arrested on multiple charges last week.
Global Economy
TOP TREND 2023, OFFICE BUILDING BUST: BUILDING OWNERS CAN’T BORROW MONEY TO PAY LOANS
Among securitized office mortgages that came due during the first nine months of this year, only one in three was paid in full by 1 October, according to Moody’s Analytics.
TURKEY’S CENTRAL BANK RAISES INTEREST RATE TO 40 PERCENT
Signaling a newfound seriousness about inflation, now running at about 61 percent, Turkey’s central bank raised its key interest rate by 5 points on 23 November to 40 percent, its highest level in almost 20 years.
GERMAN GOVERNMENT FREEZES SPENDING AS COURT BLOCKS SHIFT OF FUNDS
Germany’s government has frozen all new spending commitments after the country’s constitutional court forbade the government from transferring €60 billion budgeted to fight the COVID War to programs designed to modernize the economy and mitigate climate change.
The Israel War
BIDEN: MORE U.S. ARMS FOR ISRAEL TO KEEP KILLING PALESTINIANS AND DESTROYING GAZA
President Joe Biden is working to lift nearly all restrictions in place for Israel’s access to the U.S. weapons arsenal to enable an easier transfer during its massive bombing campaign in Gaza.
FORMER JEWISH U.S. STATE DEPT. OFFICIAL ARRESTED AFTER HATE ARABS RANT
A former Obama-era State Department employee who was caught on video berating a Halal food vendor in New York City, and saying the death of 4,000 Palestinian children in Gaza was not enough was arrested on multiple charges last week.
MILLIONS KEEP PROTESTING, CALLING FOR A PERMANENT CEASEFIRE AS GAZA DEATH TOLL JUMPS
Millions of people have taken to the streets across the globe to voice their outrage and urge their governments to stop supporting Israel as it carries out a genocide against Palestinians in Gaza and the West Bank.
AI
AI SPOTS BREAST CANCER EARLIER THAN PHYSICIANS
A specialized AI program found 13 percent more early-stage cases of breast cancer than physicians did, a new study in Nature Medicine reported.
AI BOOSTS DEMAND AND SPENDING FOR CLOUD SPACE
As businesses put AI to work, their demand for cloud computing, and their budgets for it, are on the rise.
MOST COMPANIES ADOPTING AI ARE UNREADY TO MAKE USE OF IT, CISCO STUDY FINDS
Only 14 percent of more than 8,000 companies in a recent Cisco survey that have brought AI on board are actually ready to make good use of it, the study concluded.
Hi-Tech Science
NEW WAY TO USE COPPER PROMISES CHEAPER DRUGS
Copper can ease the pain of arthritis and fight infections, but now it also may deliver far cheaper pharmaceuticals, thanks to a discovery by researchers at the University of California Los Angeles (UCLA).
HYDROGEN’S DILEMMA: BETTER PERFORMANCE BUT YEARS BEHIND
For big rigs hauling heavy loads over long distances, hydrogen is a better clean fuel than electric batteries, fleet operators say, because the trucks are not also hauling a literal ton of electric power supply.
LINK FOUND BETWEEN MICROPLASTICS AND PARKINSON’S DISEASE
It’s not news that microscopic plastic particles litter our environment, being found atop Mount Everest and in the depths of the oceans.