The Standard & Poor’s 500 information technology sector had lost 22 percent of its value this year, its worst stretch over that period of time in any year since 2002… when the U.S. was in slow recovery from the dot com bust. The six-percent spread between the tech sector and the broad index is the...
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CRYPTO FIRMS SLASH STAFFS, SLOW HIRING
Beset by a “crypto winter” in which cryptocurrency values have tanked and investor interest has chilled, companies in the industry are cutting jobs and slowing hiring. Coinbase, the largest U.S. exchange, had previously said it would hire 6,000 new workers this year but recently rescinded job offers to more than 300 people. Gemini Trust, another...
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RAYTHEON FOLLOWS BOEING TO D.C. AREA BECAUSE THAT’S WHERE THE MONEY IS
Raytheon, the world’s second-largest defense company that recently sent Stinger missiles to Ukraine, announced that it will move its headquarters to the Washington, D.C. area to increase its “agility in supporting U.S. government and commercial aerospace customers.” The Hill reported that Raytheon will join its other weapons-of-death manufacturers to get closer to their whore politicians...
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WINTER GAS RATIONING COULD BE A REALITY FOR EUROPE, TOP ENERGY CHIEF SAYS
The sanctions imposed against Russia over its decision to invade Ukraine could result in a gas shortage in Europe during the winter months that results in some form of rationing, a top energy official said last week. Fatih Birol, the executive director of the International Energy Agency, told the Financial Times in an interview that...
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BIDEN ADMINISTRATION AGREES TO DROP COVID-19 TESTING FOR INTERNATIONAL TRAVEL
The Biden administration announced Friday that it will no longer require U.S. citizens to take pre-flight COVID-19 tests to re-enter the country after facing mounting pressure from airlines and some members of Congress. Industry officials urged the White House to end the testing because it is detrimental to business. They also said the risk of...
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U.S. TOP HEALTH HEAD BECOMES COVID HOMERUN KING, GETS COVID SECOND TIME IN MONTH
Xavier Becerra, the head of Health and Human Services, announced Monday that he tested positive for COVID-19 for the second time in less than a month and plans to continue work in isolation. “He is fully vaccinated and boosted against COVID-19, and is experiencing mild symptoms,” his office announced. As the Trends Journal reported in...
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SPOTLIGHT ON ISRAEL
ISRAEL’S PM SAYS IT HAS THE RIGHT TO DETER IRAN’S NUCLEAR PROGRAM Naftali Bennett, the Israeli prime minister, told the head of the International Atomic Energy Agency in no uncertain terms that Israel has the right to act alone to prevent Iran’s nuclear program from being weaponized. Israel sees Iran’s nuclear program as an existential...
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ALGERIA BANS TRADE TO SPAIN AFTER MADRID’S U-TURN ON WESTERN SAHARA
Algeria announced last week that it will suspend its decades-long friendship treaty with Spain, a former colonial power, over a disagreement about the status of Western Sahara. Madrid announced in March that it would support the Moroccan effort for Western Sahara to operate autonomously but under Moroccan rule, the Financial Times reported. Pedro Sánchez, the Spanish prime...
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BALTIC STATES TALK TOUGH WHEN IT COMES TO DEFEATING PUTIN
Leaders from Latvia and Lithuania increased their tough talk against Russia last week when they urged Western countries struggling under record levels of inflation to remain focused on the task of defeating Russian President Vladimir Putin in Ukraine. “Our goal must be for Putin to lose the war,” Krišjânis Karinš, the prime minister of Latvia,...
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U.S. CONGRESS: MORE MONEY FOR THE WAR MACHINE
The Trends Journal has long noted that there is only one thing that brings both parties together in Congress and that is support for the military industrial complex. Politico reported last week that there is a growing push on Capitol Hill to increase President Joe Biden’s 4 percent defense spending increase to make up for...