With interest rates edging up in Europe as U.S. yields rise and the American economy readies to rebound, the European Central Bank (ECB) will accelerate its €1.85-trillion bond-buying program “at a significantly higher pace than during the first months of the year,” ECB president Christine Lagarde said at an 11 March news conference. The accelerated...
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OECD: COUNT ON U.S. TO BOOST WORLD GROWTH
The surge in U.S. economic growth this year, spurred by massive government stimulus spending, will fuel a strong global rebound, according to an analysis by the Organization for Economic Cooperation and Development (OECD). The world’s economy will reach pre-pandemic output levels by the middle of this year, the OECD now predicts, six months earlier than...
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SHUTDOWN COST EUROPE 5.7 MILLION JOBS
In the spring of 2020, 5.7 million fewer Europeans were working than at the end of 2019, according to a new report from the European Foundation for the Improvement of Living and Working Conditions. In the 12 months preceding spring 2020, employment across the continent slipped 2.4 percent and the average workweek shrank by one...
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FATHER LOSES CUSTODY OF CHILDREN FOR COVID WRONGTHINK
A Canadian judge has ruled that a man’s anti-masking beliefs, along with his attendance of anti-lockdown protests, are cause to remove his children from his custody. A report by The Free Thought Project detailed how the legal framework of “health and welfare” has been twisted to serve practically any government-dictated political design. “The health and...
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WORLD ECONOMIC FORUM ADMITS RISKS TO “PANDEMIALS”
This past December, the Trends Journal predicted a “Youth Revolution” would explode as a result of disastrous pandemic policies that have badly damaged the prospects of an entire upcoming generation. Lo and behold, the World Economic Forum agrees. Their recently-released “Global Risks 2021” report has a chapter warning about the dangers of youth frustrations exacerbated...
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VACCINE FAST FACTS
The latest numbers of adverse events recorded in CDC’s VAERS reporting system include 1,637 deaths related to COVID mRNA vaccines by Pfizer and Moderna. Numbers from the system as of March 9 include: At least 31,079 total adverse events 1,637 deaths following injections 1,072 life-threatening incidents 630 permanent disabilities 5,781 emergency room visits 3,470 hospitalizations...
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NEW YORK LANDLORDS KEEP APARTMENTS OFF THE MARKET
Gambling that demand for Big Apple apartments will bounce back and rents will rise in response, some landlords are keeping empty New York City apartments off the market, Business Insider reported. Last August, landlords had “warehoused” 5,563 flats, according to UrbanDigs, a real estate analysis firm. The number dropped to 1,814 in February, but that...
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CONSTRUCTION: UPS AND DOWNS
While there is a building boom going on in much of the nation as people escape inner cities for suburbs and ex-burbs, the employment levels in the construction industry continue to fall. Only eight states have regained the number of construction jobs they had in February 2020 and 19 states lost building jobs in January...
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RESTAURANTS OPENING BUT CUSTOMERS STILL HESITATE
Although every state now allows indoor restaurant dining to some degree, and 22 states permit eateries to be open at full capacity, 47 percent of potential diners are not ready to enter, according to a late February poll by CivicScience. About 37 percent of respondents were planning to eat inside a restaurant in the week...
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U.S. HOUSEHOLDS’ NET WORTH PASSES $130 TRILLION
At the end of December, U.S. households measured a record net worth of $130.2 trillion, according to an 11 March report by the U.S. Federal Reserve. Net worth is the difference between assets and liabilities. The gain was driven by rising interest rates on bonds, housing prices that climbed 13 percent last year, and a...