“The world’s central banks are responsible for creating a “market” for their product, “currency backed by nothing,” by fostering a population boom and consumers who are dependent on their product.” —GM
Author: admin (Kendrick Williams)
Post
SPOTLIGHT, TOP TREND 2023: AI – WE OWN YOU
On 11 May, the European Union’s (EU’s) parliament passed a sweeping set of controls that will be incorporated into the union’s Artificial Intelligence Act, likely to become the world’s first comprehensive body of regulations governing AI.
Post
AI GIRLFRIENDS GET PERSONAL, AND MORE EXPERTS PREDICT AI ARMAGEDDON: THE LATEST IN “AI, WE OWN YOU”
Age of Internet Influencer just met Age of AI, and they’re hitting it off quite nicely.
Post
SPOTLIGHT: BIGS GETTING BIGGER
As forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend... which hit record highs during the COVID war when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
Post
SPOTLIGHT: BIG BANKSTER BUST
First Republic Bank, which has teetered on the edge of failure since Signature and Silicon Valley banks collapsed in mid-March, was seized by regulators on 1 May.
Post
AUSTRALIA’S CENTRAL BANK SURPRISES WITH QUARTER-POINT RATE HIKE
The Reserve Bank of Australia (RBA) raised its base interest rate a quarter point last week, only a month after it announced a pause in rate increases so it could assess the economic impact of its higher rates.
Post
MAERSK PROFITS SINK ON GLOBAL SLOWDOWN
Ocean shipping giant AP Moller-Maersk reported first-quarter profits of $2.3 billion, two-thirds less than the same quarter in 2022. Revenue fell by 25 percent to $14.2 billion.
Post
DEALS BETWEEN EUROPE’S PRIVATE EQUITY FIRMS STALL ON PRICE SQUABBLES
Deals involving Europe’s private equity firms transferring assets among themselves have fallen by more than 50 percent to €16.8 billion, year on year, as rising interest rates and a gloomy economic outlook have dimmed what the Financial Times called “buyout game of pass-the-parcel.”
Post
RUSSIA HAS BILLIONS OF INDIAN RUPEES IT IS UNABLE TO SPEND
Shut out of key parts of the world’s currency interchange by Western sanctions, Russia began accepting India’s rupees directly as payment for oil and other exports.