The U.S. has slapped new sanctions on Russia’s stock and currency exchanges. Any country using them faces financial and other punishments by Western nations.
Category: 18 June 2024
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U.S. HITS RUSSIA WITH NEW SANCTIONS
On 13 June, the U.S. announced additional major punitive sanctions on Russia, targeting its energy, metals, and mining industries as well as two more banks and the country’s main stock and currency exchanges.
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OIL GLUT DUE NEXT YEAR, IEA SAYS
Rising oil production around the world will collide next year with slowing growth in demand, creating an oil glut possibly as large as that which marked the global economic shutdown during the COVID War, the International Energy Agency (IEA) warned in a report last week.
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AFTER BAD YEAR, AMTRAK PAYS MILLIONS IN EXECUTIVE BONUSES
After losing $1.7 billion in 2023 and failing to meet targets upgrading its Acela service between Boston and Washington, Amtrak paid $5 million in executive bonuses, including more than $200,000 to each of 14 top managers...
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HOME SALES FELL AGAIN IN MAY
In May, 409,759 homes were sold in the U.S., the third-lowest monthly number in the past 10 years.
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FED HOLDING BACK ON INTEREST RATE CUTS
The central banks of Canada and the European Union cut their interest rates this month for the first time in the current cycle, but the U.S. Federal Reserve is in no hurry to follow suit.
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U.S. SMALL BUSINESS SENTIMENT INCHES UP
Owners of small businesses felt slightly more confident in May about their current and future prospects than they did in April, according to the National Federation of Independent Business’s (NFIB) Small Business Optimism Index.
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CONSUMER BLUES
U.S. consumers’ gloom deepened again in June, according to the University of Michigan’s monthly survey of consumer sentiment, after also slipping in April and May.
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THIS WEEK IN SURVEILLANCE
The incestuous and operational ties between American tech corporations and U.S. intelligence have not been deterred by the Twitter Files, the Facebook Files—or at least as yet, the Missouri vs. Biden court case that is still awaiting review by the Supreme Court.
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WEF POSTS NEW BLUEPRINT FOR RADICAL SYNTHETIC FOOD MAKEOVER
A new self described “radical reinvention” of world food systems that would substitute synthetic and lab grown food products for existing efficient farms, is the latest proposal of the World Economic Forum, run by elitist radical Klaus Schwaab.