U.S. consumers’ outlook on the present and future economy fell to another record low in May, the University of Michigan’s monthly survey of consumer sentiment found.
Category: 26 May 2026
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U.S. INFLATION WILL REACH 6 PERCENT THIS QUARTER, ANALYSTS SAY
The rate of U.S. inflation will reach 6 percent in this year’s second quarter, according to economists in the Federal Reserve Bank of Philadelphia’s 22 May Survey of Professional Forecasters.
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GERMANY LOOKS TO SPEED UP WEAPONS PROCUREMENT BY REDESIGNING WEAPONS AGENCY
The German government announced last week that it plans to redesign its weapons procurement agency, so it is better able to employ the billions of dollars in funding for its military’s massive upgrade based on fears of an expansionist Russia and an unreliable partner in the United States.
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CHINA’S XI WARNS THAT THE WORLD RISKS BECOMING A ‘LAW-OF-THE-JUNGLE’ JOUST FOR POWER
Chinese President Xi Jinping met with Russian President Vladimir Putin last week and the two spoke about their budding friendship along with the inherent risks of “unilateralism and hegemonism” to global stability – a not-so-subtle swipe at the U.S. shortly after President Donald Trump’s high-profile visit to Beijing earlier this month.
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TRADE BETWEEN RUSSIA AND CHINA SHOWS CONTINUED STRENGTH
Trade between Russia and China continued to show signs of growth as Russian President Vladimir Putin met last week with Chinese President Xi Jinping – especially in the energy sector.
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BEN-GVIR TAUNTS FLOTILLA ACTIVISTS, HARDLY A PEEP ABOUT ISRAEL’S GENOCIDE IN GAZA
Itamar Ben-Gvir, Israel’s national security minister, drew near-universal criticism last week when a video emerged that showed him taunting activists, who were part of the Global Sumud Flotilla that aimed to break through Israel’s naval blockade and provide Palestinians in Gaza with humanitarian aid.
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SMOTRICH CLAIMED HE FACED ICC ARREST WARRANT, SO HE ANNOUNCED THE EVICTION OF WEST BANK HAMLET
Bezalel Smotrich, Israel’s pro-settler finance minister, announced last week that he evicted the residents of a hamlet in the West Bank in response to an arrest warrant from the International Criminal Court (ICC), stating that in the “face of a declaration of war, we will respond forcefully.”
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AS FORECAST: ISRAEL IS USING THE 7 OCTOBER HAMAS ATTACK TO JUSTIFY LAND THEFT
A new report found that Israel has “seized’ (the Presstitute word for “stolen”) about 1,000 square kilometers of territory in the region since the Hamas attack on 7 October 2023.
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DEATH OF JOURNALISM: JAMES MURDOCH BUYS HALF OF VOX MEDIA
The U.S. media landscape consolidated more last week when it was announced that Rupert Murdoch’s son, James Murdoch, would be acquiring 50 percent of Vox Media, which include various podcasts and New York magazine, which The New York Times noted was once owned by his father.
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RESIDENTS IN TEXAS COUNTY RAISE CONCERNS ABOUT COAL-FIRED POWER PLANT’S IMPACT ON HEALTH
Residents in Fort Bend County, Texas, have been raising concerns about the county’s massive coal-fired power plant and its risk to public health as more people move into the area.