China has announced plans to build a solar array a kilometer wide—more than a half-mile—in geostationary orbit around the Earth that will beam energy back to ground as microwaves.
Author: admin (Kendrick Williams)
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ECONOMIC UPDATE — MARKET OVERVIEW
Yesterday Donald Trump was, again, inaugurated President of the United States. And as we have forecast with one our Top Trends for 2025, at this point in time, no one really knows how the Trump Card will be played.
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A GRAND DECEPTION AND A FUNDAMENTAL LIE
Quick review. In finance and economics there exists only two fundamental truths, which when implemented are beneficial to We the People of the world.
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CONFIRMED: GERMANY IS IN DRAGFLATION
The German economy contracted by 0.2 percent last year after shrinking by 0.3 percent in 2023, the Federal Statistics Office (FSO) said, while inflation in December was at 2.8 percent.
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TECHNOCRACY BRIEFS: ARE PETS IN PLACE OF KIDS AND AI LOVERS A PART OF THAT AGE OF ABUNDANCE?
A new Age of Abundance is upon us, don’t you know. In just 10 years, a new Forbes article says, goods will be so cheap many people won’t work.
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SPOTLIGHT: BIGS GETTING BIGGER
About 54 percent of small and mid-size public companies and smaller private equity firms see 2025 as a good year for mergers and takeovers, according to a Citizens Financial survey.
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ARGENTINA’S MILEI ABOLISHES KEY TARIFFS
Javier Milei, Argentina’s maverick president, has abolished the country’s blanket tariff of 7.5 percent on imported goods and trimmed import duties on a broad range of items “from acne cream to funeral urns,” the Financial Times reported.
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CHINESE BOND YIELD SINKS TO RECORD LOW AS ECONOMY DEFLATES
The yield on the bellwether 10-year Chinese government bond slumped to 1.6 percent as the new year began and has remained close to that level, signaling that investors have glum expectations for the country’s economic growth and a reversal in the deflation that has plagued the world’s second-largest economy, the Financial Times reported.
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U.K. GOVERNMENT’S BORROWING COST REACHES 27-YEAR HIGH
On 7 January, the interest rate the British government offered on £2.25 billion in 30-year bonds climbed to 5.2 percent, the highest since 1998.