For the Plantation Workers of Slavelandia, inflation and rising interest rates combined pushed U.S. credit card debt to a record $930.6 billion at the end of 2022. This was an 18.5 percent jump from a year previous, according to credit rating service TransUnion.
U.S. employers spent only 1 percent more on wages and benefits in last year’s final three months than in the previous quarter, the Labor Department reported, even though they claim the economy added almost 750,000 new jobs during the period.
The U.S. economy sprouted 517,000 jobs last month, the labor department reported, almost double December’s 260,000 and nearly three times the 185,000 consensus forecast among analysts polled by Dow Jones.
Consumers are still enthralled with travel after being locked down for more than a year during the COVID War and stock prices of travel-related companies are rising like fully-loaded airplanes out of O’Hare.
Investors were cheered last week to hear the Bank of England, the European Central Bank, and U.S. Federal Reserve all declare that inflation is easing.
On 1 February, the U.S. Federal Reserve raised its key federal funds interest rate by a quarter point, the seventh and smallest hike since May 2022.
With each passing week, the West keeps ramping up its war talk, military advancements, and military strategies that are trending toward warfare with China. The following are key events that are ramping up the conflict between East and West.
In marking the 80th anniversary of Russia’s victory in the Battle of Stalingrad last week, Russian President Vladimir Putin compared the current conflict with Ukraine to the country’s fight against the German Nazis in WWII.
“I just want to say one word to you. Just one word. Are you listening? Plastics. There’s a great future in plastics. Think about it. Will you think about it? Enough said.”
A recent Gallup poll found that an increasing number of Americans see the government as the country’s biggest problem, followed by inflation, and immigration.