U.S. President Joe Biden took a victory lap last week and said it is the leadership from Washington that is holding the world together—despite global crises ranging from wars in Ukraine and Israel.
Author: admin
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ISRAEL RAMPS UP WAR. KEEPS BOMBING SYRIA
The Israeli military on Sunday carried out another round of airstrikes on Syrian airports despite Russia calling these strikes a “gross violation” of international law last week.
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DEADLY RAID IN WEST BANK SPARKS ‘DAY OF RAGE’ PROTESTS
Israeli forces raided a Palestinian refugee camp on Friday, killing at least 13, including five children, which sparked major protests in the West Bank and elsewhere.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
As we have continued to note with facts and figures, the three-year COVID War destroyed much of the world economy.
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HOLIDAY HIRING REMAINS WEAK, SIGNALING GLUM SEASON FOR RETAILERS
Dick’s Sporting Goods and Macy’s are two of many major retailers hiring fewer seasonal workers this year, indicating a gloomy outlook for what traditionally is retailers’ make-or-break selling period.
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WHITE-COLLAR WORKERS STILL STRUGGLING AMID U.S. JOBS BOOM
Although the U.S. economy added a startling 336,000 jobs last month, most of the gains were in just three sectors: government, health care, and leisure and hospitality, according to labor department figures.
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BIG BANKRUPTCIES SHOCK THE ECONOMY
Corporate bankruptcies are increasing, as we noted in “Corporate Bankruptcies Could Reach 13-Year High” (26 Sep 2023). Even more worrying, a larger number of very big businesses are going bust.
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MORTGAGE RATES RISE TO 23-YEAR HIGH
Last week, the mortgage interest rate for a 30-year, fixed-rate mortgage averaged 7.57 percent, according to the Federal Home Loan Mortgage Corp. (Freddie Mac), up from 7.49 percent the week before.
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TROUBLE AHEAD? U.S. CONSUMERS CUT BACK ON CREDIT CARD SPENDING
Consumers charged 11 percent less to their credit cards in September than they did in August, marking the fourth consecutive month of declining charges and the largest monthly drop this year, Citi reported.