Businesses are finding it challenging to fill open positions due, in part, to the federal government stimulus programs and the lack of skilled workers applying for positions, according to a report. According to ZeroHedge, there are about 100 million Americans who are not in the labor force. Of them, 94 million are not interested in...
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DOLLAR’S DECLINE IN WORLD CURRENCY RESERVES DECEPTIVE
In 2020, the proportion of dollars in nations’ foreign currency reserves dipped below 60 percent for the first time since 1995, the International Monetary Fund (IMF) reported. In contrast, the euro’s share of reserves rose to 21.2 percent, the IMF found, its greatest share in six years; Japan’s yen claimed 6 percent, more than it...
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HOME PRICES CLIMB, NEW STARTS REACH 14-YEAR RECORD
Housing starts in March climbed 19.4 percent from February to 1.74 million units, the highest number since 2007 and the strongest month-on-month performance since 1990, Business Insider reported. Economists surveyed by Bloomberg had forecast an average of 1.61 million starts for the month. The leap from February to March was due, in part, to February’s...
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MARCH RETAIL SALES SURGE 9.8 PERCENT
In March, consumer spending gained 9.8 percent from February, when it fell 3 percent, the U.S. Commerce Department reported. The jump was almost twice the 5.5 percent that analysts were expecting and a sharp turnaround from February’s 3-percent contraction after previous stimulus money had been spent and a series of storms slowed travel and business...
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UNEMPLOYMENT CLAIMS LOWEST IN A YEAR
The number of new claims for unemployment benefits fell to 576,000 during the week ending 10 April, dropping from the previous week’s revised figure of 769,000, the U.S. Labor Department reported and reaching a low not seen since 14 March 2020, according to Business Insider. A median forecast by economists Bloomberg called for 700,000 new...
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EQUITY INVESTORS RETURN TO U.S. FROM CHINA
Since November’s U.S. presidential election, $170 billion more has flowed into U.S. stock funds than has left, according to data firm EPFR. In contrast, only a net $29.78 billion funds went into China’s stock funds from December 2020 through 17 April this year, EPFR reported. When the world’s economy collapsed in March 2020, the U.S....
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SPACs’ VALUE SHRINKS UNDER REGULATORS’ SCRUTINY
The share prices for special-purpose acquisition companies (SPACs) retreated in recent days as federal regulators have taken a closer interest in the companies’ free-wheeling operations. The SPAK.NV SPAC exchange-traded fund peaked at $34.87 on 16 February; on 14 April, it closed below $26. The Indxx SPAC & NextGen IPO Index edged above 2,000 on 22...
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SPECIAL ADVICE FOR FEMALES
By Bradley J. Steiner, American Combato While it is not unheard of for a woman or girl to be attacked by someone who punches her, the vast majority of attacks on females by males commences with a grabbing, holding, embracing, or seizing type of action ––– after which a smacking or punching follow-up sometimes is resorted to, when the assailant does...
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HARVESTING MORE THAN BEER FROM A BREWERY
When brewers make beer, the good stuff doesn’t only go into the bottles. The spent barley or other grains, once drained of their flavor, still hold up to 30 percent protein and as much as 70 percent fiber. Some makes its way to animal feedlots; most is carted to a dump. Researchers at Virginia Polytechnic...