It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting. Numerous companies across the tech, media, finance, and retail industries made significant cuts in 2023 and will continue the trend this year.
Across the U.S., 5.2 percent of warehouse space stood empty in last year’s fourth quarter, up from 4.6 percent in the third and 3.1 percent in 2022’s final three months, real estate services firm Cushman & Wakefield reported.
Choked supply chains during the COVID War cut the number of items that manufacturers could make. Product lines in everything from bed sheets to cat food narrowed. Now that the COVID era has largely passed and supply lines have re-established themselves, those missing items are not coming back, The Wall Street Journal reported.
According to the Centers for Disease Control and Prevention,[1] 90 percent of the annual health care expenditure which totals $4.1 trillion is directed to people with chronic and mental health conditions. One of those is cardiovascular disease, which is the cause of more than 877,500 deaths each year.
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.
“On the path ahead, winds and rain are the norm” for the Chinese economy, president Xi Jinping told his countrymen in a New Year’s Eve speech.
In November, builders began work on new homes at a clip that translates to an annual rate of 1.6 million housing units and filed permits to construct 1.5 million more, news service Quartz reported.
The Biden administration’s Inflation Reduction Act and U.S. Chips and Science Act have dedicated funding to high-tech and clean energy investments. As a result, factories are being built in selected areas of the country at a pace not seen in decades.
Twenty-four percent of U.S. adults who rent their homes say they can no longer comfortably afford to pay their rent, according to a survey of 1,249 individuals by Intuit Credit Karma.
Last year, U.S. companies planned or carried out layoffs targeting 721,677 jobs, 98 percent more than in 2022 and the most since 2020, outplacement service Challenger, Gray & Christmas (CGC) said in a report released last week.