This is week 33 of our reporting the long trend-line of layoffs that signal a further economic downturn in a country near you. Rising inflation and rising interest rate hikes are causing companies in many sectors to lay off employees. And of course, the more people fired, the more home foreclosures, inability to pay car loans, credit card debt, etc.
The public widely resented government bailouts for banks “too big to fail” during the Great Recession. Politicians across the political spectrum, from Elizabeth Warren to Donald Trump, howled with outrage and accused officials of rescuing elites while households and small businesses were left to fend for themselves.
Increasingly, Americans earning $100,000 or more annually are continuing to rent their homes instead of buying.
The average U.S. selling price of a home in February was $386,721, 1.2 percent lower than a year earlier, online brokerage Redfin reported.
U.S. wholesale prices eased back 0.1 percent in February after adding 0.3 percent in January, the labor department reported.
After growing 3.2 percent in January, consumer spending online, in restaurants, and stores slipped 0.4 percent in February, the U.S. labor department reported.
Health officials in the U.S. now blame sandwiches as one of the leading reasons waistlines across the country are expanding.
Citing what warmongers in Washington call the ever-growing threat of Russia and China, the Pentagon announced last week that the military-industrial complex is producing weapons of death at maximum capacity, which will be increased in the next few months.
A college diploma was once considered a ticket to life comfortably placed in the middle class, but young Americans are taking another look at the cost-benefits of spending four years or more in university and spending tens of thousands compared to a well-placed apprenticeship.
China criticized the U.S. for attempting to throw “mud” on President Xi Jinping’s trip to Moscow this week to promote peace in Ukraine to keep the war going and escalate tension in hopes to leave Russia in shambles.