As with the United States where some 74 percent of the plantation workers of Slavelandia are living paycheck-to-paycheck, across Europe—thanks to their governments fighting the COVID War which destroyed the lives and livelihoods of countless millions and the sanctions they imposed on Russia—households are suffering from the worst cost of living crisis since World War II.
Posted on Facebook this past Sunday, Ukraine’s National Security and Defense Council secretary Oleksiy Danilov listed Kyiv’s 12-point plan to recapture Crimea and drive Russia out of its main port in Sevastopol on the Black Sea that it has had for the past 200 years.
Boris Pistorius, the German defense minister, said last week that Berlin will continue to provide Ukraine with weapons to keep the war with Russia going and gave the public approval for Kyiv to carry out attacks on Russian territory that he called “completely normal.”
As forecast, the Merger and Acquisition trend which we have been long reporting would peak when the Federal Reserve would aggressively raise interest rates and cut off the cheap money supply. That time has come. Indeed, the higher interest rates rise, the less M&A activity now and in the future.
In this section:
● Pension Funds Lose Billions in Commercial Real Estate Bust
● Insurance Firms to Office Building Owners: You’re on Your Own
● Manhattan’s Largest Office Landlord Disappoints Analysts
In this section:
● Home Foreclosures Soar 22 Percent in First Quarter
● Home Sales Slipped Again in March
● Home Prices Fall Most Since 2012
After being criticized for not warning the public about impending changes to its key interest rate and slow response to inflation, the Royal Bank of Australia (RBA) will undergo major reforms, including establishment of an interest rate-setting committee and a revamped culture, Australian treasurer James Chalmers announced last week.
Inflation in Britain ran at 10.1 percent in March, barely down from 10.4 percent in February and higher than the 9.8-percent average that analysts had expected.
The European Central Bank (ECB) must ignore turmoil in the banking industry and continue raising its key interest rate to beat back inflation, a majority of the bank’s governing council members agreed at their 16 March meeting, the Financial Times reported.
In late June, European banks are due to repay €478 billion in loans—equivalent to about $525 billion—to the European Central Bank (ECB).