Workers are returning to companies’ central offices but not in the numbers that pertained to before the COVID War. There is “dimming hope that office buildings will ever refill,” The Wall Street Journal noted.
Category: 22 November 2022
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BIG TECH DUMPS OFFICE SPACE
Since the Internet Revolution began in the 1990s, major technology firms have gobbled up prime office space in Austin, Baltimore, Boston, Detroit, Nashville, Los Angeles, New York, San Diego, San Francisco, and other centers of innovation.
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MORTGAGE RATES FALL MOST IN 41 YEARS
In the week ending 17 November, the average U.S. interest rate for a 30-year, fixed-rate mortgage was 6.61 percent, the Federal Home Loan Mortgage Corp. (Freddie Mac) reported, falling from 7.08 percent the week before and plunging at the steepest pace since 1981.
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INTEREST RATES RISE, HOME SALES FALL
In October, the number of existing U.S. homes sold declined for the ninth consecutive month, dropping by 5.9 percent from September and down 28.4 percent from a year earlier, the National Association of Realtors (NAR) reported.
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40 PERCENT LESS LABOR NEEDED TO BUILD EVs
Making an electric car (EV) requires 40 percent less labor than building a fossil fuel car, James Farley, Ford Motor CEO, said last week at a Detroit auto industry conference.
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INFLATION BLUES: CONSUMERS SPEND LESS WITH MAJOR RETAILERS
Kohl’s, Macy’s, and Target all reported business sagging in this year’s third quarter.
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PENTAGON: FIVE SIDES, FIVE YEARS OF AUDIT FAILS
If it was a private small- to medium-sized business, its owners just might be fined by the IRS or other government agencies, or face jail time.
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SPERM COUNT FALLS IN MEN ACROSS GLOBE: THE END IS NEAR
A recently published study raised new alarms about the viability of mankind and has some researchers wondering if the results could potentially be a “smoke signal” for larger problems.
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ANTI-WAR PROTESTS SPREADING ACROSS GERMANY, NO PUSH FOR PEACE IN U.S.
As we have reported anti-war protests and marches for peace are minimal in the United States and when they are held, as with Gerald Celente’s Peace & Freedom Rally which featured top-name speakers and was attended by several hundred, it was blacklisted from the U.S. media. But across Europe, as we have been noting, anti-war, pro-peace demonstrations have been accelerating.
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U.K. GOING BUST, BUT KEEPS SPENDING MONEY TO FIGHT UKRAINE WAR
Week after week, day after day, the economic news coming out of the United Kingdom descends into direness.