Russian Foreign Ministry spokesperson Maria Zakharova said last week that Israel needs to understand the repercussions of providing Ukraine with its Iron Dome missile systems that have been floated by Prime Minister Benjamin Netanyahu.
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U.S. GIVES UKRAINE BOMBS THAT DOUBLE ITS STRIKING CAPABILITY TO BLOODY THE KILLING FIELDS
In its continuation of ramping up the Ukraine war to espouse the wish of its Secretary of Defense Lloyd Austin to “weaken Russia,” Washington continues to provoke Russia with its latest weapons package that includes ground-launched small-diameter bombs in its $2.17 billion package.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is our 26th week reporting the long trend-line of layoffs that signal a further economic downturn in a country near you. Inflation and interest rate hikes are causing companies in many sectors to lay off employees.
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SPOTLIGHT: U.S. HOUSING MARKET TRENDS
In December, pending home sales increased 2.9 percent from November, the first month-over-month gain since October 2021, according to online brokerage Redfin.
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TOP TREND 2023, OFFICE BUILDING BUST: D.C. IS DEAD
The federal government, Washington’s chief employer, continues to allow a large share of its workforce to toil at home, crimping the city’s office market, The Wall Street Journal reported.
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HOTEL INDUSTRY REBOUND A BUST?
Pre-COVID, corporate travelers accounted for 75 percent of the hotel industry’s profits.
Those national and international road warriors are returning but slowly, with major corporations’ jaunts in 2022 reaching 61 percent of their 2019 levels, according to American Express.
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BUY A CAR, LOSE A CAR: MORE AMERICANS CAN’T MAKE CAR PAYMENTS
In December, the number of borrowers with shaky credit who were at least 60 days late in making their car payments rose to 5.67 percent, the most since the Great Recession and more than double the 2.68 percent in April 2021, which was the smallest proportion in seven years, Fitch Ratings reported.
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LAYOFFS EXPAND BEYOND THE TECH SECTOR AS JOBS MARKET SLUMPS
Layoffs are infecting other industries after tech sector employers, including Alphabet, Amazon, Microsoft, and Salesforce already have chopped hundreds of thousands of workers off their payrolls.
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BUSINESS TEMPS: “YOU’RE FIRED”
Racking up the biggest drop in temp labor since early 2021, U.S. employers jettisoned 110,800 temporary workers from August through December last year. And with the failure of the holiday shopping splurge, 35,000 temp workers were cut from the market in December alone.
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CONSUMER SPENDING SLUMP
U.S. consumers spent 0.2 percent less in December than in November, even as the holidays were under way, the commerce department reported. Adjusted for inflation, the drop was 0.3 percent.