In its latest forecast, the U.S. Congressional Budget Office (CBO) sees the federal government’s debt rising from 97 percent of GDP in the last fiscal year to 116 percent by 2034, higher than during World War II.
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: GOLD SETS ANOTHER RECORD
Gold’s price rose another 1.61 percent on 5 April to trade at $2,325.70, giving a 12.77-percent gain so far this year.
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HEDGE FUNDS LOOK TO EUROPE TO EXTEND STOCK RALLY
As U.S. stocks become more expensive, investors are turning to Europe where valuations are lower and a cautiously optimistic economic outlook hints at rising equity markets, Bloomberg reported.
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TECH STOCKS WILL COOL AS MARKET RALLY BROADENS
The current stock market rally has been driven by tech stocks, particularly the “Magnificent Seven” of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
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IN CENSORSHIP 2.0: SCOTLAND’S NEW LAW BANS FREE SPEECH
Scotland passed a new law that is ostensibly intended to firm up protection for minority groups from hate crimes but has been called intentionally vague and a major broadside attack against speech.
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AS FORECAST: U.S. SCHOOLS SEE ‘EXPLOSION’ OF STUDENTS MISSING FROM CLASS
The New York Times published a report late last month titled “Why School Absences Have ‘Exploded’ Almost Everywhere,” which noted that 26 percent of school students in the U.S. were “considered chronically absent last school year, up from 15 percent before the pandemic.”
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TOP U.S. FOOD COMPANIES ESCALATING DRUG INJECTION INTO ANIMALS
Your favorite fast-food restaurant or food company may be reneging on their promise to ditch antibiotics in their meats to keep their products cheap and profitable.
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POLAND’S WARMONGER TUSK SAYS WORLD IS IN ‘PRE-WAR ERA’
Spewing out his warmongering crap that we reported on a few weeks ago, “POLAND’S PM: ‘THE TIMES OF PEACE ARE OVER’” (12 Mar 2024), Polish Prime Minister Donald Tusk said last week that the world is entering a dark time and called this window the “pre-war era,” with his eyes trained on Russia.
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LATVIA’S PRESIDENT: RAMP UP FOR WAR
In The Bronx, we used to say, “Bullshit has its own sound.” If you listened to the bullshit spewing out of the mouth of Edgars Rinkēvičs, the president of Latvia, it was a sound to be heard around the world.
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WARMONGER STOLTENBERG CELEBRATES NATO’S 75th ANNIVERSARY BY RAMPING UP WWIII
Jens Stoltenberg, the NATO head, used last week’s summit in Brussels to celebrate the alliance’s 75th anniversary to make sure the Ukraine War continues against Russia, and it keeps expanding.