More weapons, more war, no peace.
The U.S. announced last week that it will send Ukraine 90 Stryker combat vehicles as part of its $2.5 billion weapons package—marking the first time Washington will provide Kyiv with the lethal equipment.
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UK VOWS NEW MILITARY SUPPORT FOR UKRAINE AS ITS OWN ECONOMY CRUMBLES
The United Kingdom vowed new military support for Ukraine last week while its own economy is on the ropes, with households facing a jump in inflation and energy bills not seen in 40 years.The UK announced that it will provide Ukraine with 200 armored vehicles and 14 Challenger 2 battle tanks that “excel” in firepower,......
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U.S. JOINT CHIEF OF STAFF WHO HAD CALLED FOR UKRAINE NEGOTIATIONS, NOW WANTS MORE WAR
Mark Milley, America’s Joint Chief of Staff head has distanced himself further from comments that he made last November when he said Ukraine accomplished everything that it could have hoped for against such a larger adversary, and that now may be its last, best chance to negotiate. (See “U.S. MILITARY HEAD MILLEY CHANGES HIS TUNE AFTER CRITICIZED FOR CALLING FOR KYIV TO NEGOTIATE, NOW SAYS RUSSIA LOST!” 22 Nov 2022.)
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HIGH-INTEREST RATES CRASH CANADA’S HOUSING MARKET
Higher interest rates are responsible for dropping the number of December home sales in Canada by 39 percent, year on year, the Canadian Real Estate Association (CREA) said in a public statement announcing last month’s results.
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GERMANY ESCAPES RECESSION—FOR NOW
The German economy expanded by 1.9 percent in 2022 and is expected to have flatlined in last year’s fourth quarter, escaping the contraction that would have initiated a recession, the Financial Times reported.
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CHINA’S EXPORT VOLUME SLIPS AGAIN IN DECEMBER
Last month, China exported 9.9 percent fewer goods than a year earlier, accelerating from an 8.7-percent drop in November as the global economy continues to grind slower.
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EMERGING NATIONS RAISE $40 BILLION IN BONDS THIS YEAR
Despite rising risks of defaults among emerging nations, 14 developing economies have sold $41 billion worth of bonds in the first 12 days of this year on signs that inflation is easing and hopes that China’s economy will rebound, which would raise demand for raw materials, the Financial Times reported.
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CORPORATE CHIEFS PREP FOR GLOBAL RECESSION
Chief executives of the world’s leading corporations expect a short, mild recession this year and are preparing to weather it without laying off workers, a new Conference Board survey has found.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is our 24th 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. An average of 1,600 tech workers have been laid off every single day of 2023 so far.
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TOP 2015 TREND, THE DRIVERLESS CLIFF: CAR MAKERS’ NEW MANTRA = “SEXY REALISM”
At this month’s annual Consumer Electronics Show, self-driving cars and other blue-sky projects were largely absent from the space devoted to new vehicle tech.