Factory output contracted around the world in September as U.S. economic activity slowed, demand in China weakened, and the ongoing U.S. tariff war made customers hesitate to buy, Reuters reported.
Category: 7 October 2025
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SOUTH KOREA RAMPS UP MILITARY SPENDING OVER ‘ERA OF INCREASED CONFLICT’
South Korean President Lee Jae Myung announced last week that Seoul will increase its military spending by 8.2 percent in 2026 to become more self-sufficient in the face of new threats to the country’s “peace and prosperity.”
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MAJOR PROTESTS BREAK OUT ACROSS EUROPE IN SUPPORT OF PALESTINIANS, FLOTILLA
Major protests broke out over the weekend in capitals across Europe in support of the Palestinians in Gaza being tormented and killed by the IDF and the humanitarian-aid flotilla that was intercepted in international waters before reaching the battered enclave.
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STUDENT LOAN DEBT IS EATING GEN X’S FINANCES
The oldest cohort of Generation X, which followed the Baby Boom generation, is closing in on retirement with many lacking the money to be ready for it. The reason: student debt.
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GAZA DEATH TOLL
The Palestinian Ministry of Health in Gaza announced that the IDF killed at least 67,000 Palestinians in Gaza since the start of the genocide and over 170,000 Palestinians have been wounded.
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U.S. MORTGAGE RATES RISE, THWARTING POSSIBLE HOUSING RECOVERY
In the week ending 26 September, the U.S. national average mortgage interest rate rose for the first time in five weeks, stalling what had been a surge in home sales and an increase in applications for refinancing.
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COMPANIES ANNOUNCE FEWER LAYOFFS, ALSO SLASH HIRING PLANS
In September, U.S. employers announced layoffs affecting 37 percent fewer workers than in July. However, that bit of good news was darkened by announcements that companies plan to hire the fewest number of workers since 2009 in the months ahead, outplacement firm Challenger, Gray & Christmas reported.
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TARIFFS ARE BEGINNING TO NUDGE CONSUMER PRICES HIGHER
Donald Trump’s tariffs are pushing U.S. retail prices higher, although inflation has not jumped significantly, the Financial Times said, citing government data and corporate statements.
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AMERICA’S SHAME
The Israeli Minister of National Security says he is proud that the members of the Greta Thunberg flotilla that was bringing food and medicines to Palestinians, who are being deliberately starved and denied medical assistance by Israel, are being punished as terrorists and subject to harsh treatment.
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ANOTHER WEEK FROM HELL THANKS TO THE WHITE HOUSE AND FRIENDS
It would be an interesting exercise if one might view and consider in retrospect the week that began with the United Nations General Assembly speech in New York on September 23rd...