The demonstrations that began last month to fight against the years of corruption, unemployment, and lack of basic services, which have plagued Iraq since the U.S.-led invasion in 2003, continue to escalate. The violence spread out from the capital of Baghdad to the cities of Basra and Nasiriya, which are in the southern part of...
Author: Gerald Celente
PERU: WAVES OF STRIKES THROUGHOUT THE COUNTRY
Peru has been experiencing worker strikes for most of this year. But now the number and energy behind the strikes are picking up. Following the trends in Bolivia, Columbia, Ecuador, and Chile, the flames of discontent have spread to Peru. Last week, some 100,000 healthcare workers went on strike demanding more pay and more resources...
LEBANON: NO SOLUTION NOW… OR LATER?
The protests of hundreds of thousands of Lebanese, who have been taking to the streets for the past five weeks had transcended sectarian divisions. The general public were united in their primary focus on fighting against government corruption/ruling establishment and demanding a share of the wealth, as unemployment soars, poverty increases, and living conditions deteriorate....
DEEP IN DEBT, GETTING POORER
While Americans are earning less, they’re going deeper into debt. According to the latest Brookings Institution study, despite a “record low” 3.6 percent unemployment rate, 44 percent of all workers age 18 to 64, or roughly 53 million Americans, have a mere $17,950 median annual income and a median hourly wage of $10.22. The average...
HOMELESS AND HELPLESS
As we noted in the 12 November issue of the Trends Journal, first-time homebuyers’ median age is 33, the oldest in records since 1981. Median ages of all homebuyers rose from 31 years in 1981 to 47 years today. Those who could find an affordable house in 2018 had a typical income of $93,200, but,...
PAINTING THE TOWN GREEN: CITIES 2.0
About 60 percent of homebuyers who have money for a down payment and can find an affordable house seek the old-fashioned neighborhoods with a new twist: walkable with no cars. A new $140 million development named “Tempe,” a 1,000-person rental community in Arizona, allows scooters and bikes, but cars will be banned outright. The renter...
READY TO EXPLODE: WILL ADOLESCENTS GET OFF THEIR ASSES?
The World Health Organization (WHO) has found that the vast majority of children in aged 11-17 do not meet even the most minimal requirements of physical activity. The organizations findings were recently published in the esteemed medical journal, The Lancet. The study includes data from 1.6 million children. Much of the problem is the addiction...
DEAF, BLIND, AND OUT OF THEIR MIND
The Population Reference Bureau predicts that aging Baby Boomers could cause a 75 percent increase in the number of Americans ages 65 and older requiring nursing home care, from 1.3 million in 2010 to an estimated 2.3 million in 2030. The U.S. Government Accountability Office issued a report this year revealing that reported incidents of...
U.S. MARKETS
The S&P 500 and Nasdaq hit record highs this week, with the Dow jumping more than 200 points, continuing its four-week run. Could they be rising because economies are contracting around the world? The U.S.-China trade war? The unrest in the streets in every hemisphere? The real answer was found in a survey that polled...
LOST SEOUL
Despite having dropped interest rates to record lows plus record stimulus efforts, South Korea’s economy is failing to generate growth. “We have expected fiscal spending to play the supporting role in adding vitality to the private sector, said Hong Nam-ki, South Korea’s finance minister. “However, it is not working well with limited spillover effects, making...