Led by slumping factory output in Germany, the Eurozone will enter a recession this quarter that will endure at least through the first three months of 2023, the European Commission (EC) has predicted.
Category: 15 November 2022
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses.
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DESPITE INFLATION, AMERICANS STILL PAYING PREMIUM PRICES TO TRAVEL
In July through September, cruise line Royal Caribbean booked twice as many 2023 reservations than in the previous quarter this year. Corporate travelers are booking car rentals at a brisk pace. Hotels are seeing more guests, even as room rates rise with inflation.
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HOME PRICES SHARPLY SLOW THEIR RATE OF INCREASE
In October, the median selling price of a U.S. single-family home was $398,500, up 8.6 percent from a year earlier. That rate of increase is almost half that of this year’s second quarter, when prices were rising at a 14.2-percent annual rate.
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MEDIA BULLSHIT: MORE FINANCIALLY SAVVY TO EAT OUT ON THANKSGIVING THAN COOK AT HOME
An analyst at Wells Fargo was celebrated by the mainstream media when he declared it could be a smarter financial move to eat out this Thanksgiving rather than cooking at home due to surging food prices.
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CORPORATE BONDS TAKE A BEATING AS INTEREST RATES RISE
From 1 October 2021 through 9 November this year, an index following investment-grade corporate bond prices lost about 20 percent of its value, The Wall Street Journal reported.
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NOT-SO-SMART PHONES: UBIQUITOUS ACCESSORY IS A ‘RESERVOIR OF ALLERGENS,’ TOXINS
Walk down any city street and you’ll no doubt find most people staring into the faint glow of their iPhones, without ever considering how many allergens and other toxins they’re being exposed to while holding the device.
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WORRIED ABOUT COVID? 3M, DUPONT SUED OVER ‘FOREVER CHEMICALS’
As we have reported since governments and the mainstream media launched the COVID War and kept selling fear and hysteria to fight the COVID War, we found it appalling that they kept scaring the public while ignoring man-made human killers that are far more serious and widespread.
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CHINA CONTINUES ‘ZERO-COVID’ PUSH, PUSHING DOWN CHINA
What a difference a day makes. Last Friday, Commodities prices rallied on Friday after China’s National Health Commission indicated it would loosen some of its strict COVID policies and travel restrictions.
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UN COMMITTEE TO ISRAEL: STOP STEALING PALESTINIAN LAND
A top United Nations committee voted last week in favor of a draft resolution seeking the opinion from the International Court of Justice on Israel’s occupation of Palestinian lands, which was called a “diplomatic and legal breakthrough.”