Thanks to the energy crisis sparked by Russia’s war in Ukraine and resulting Western sanctions, at least half of the 19 countries sharing the euro currency will enter a recession, Kristalina Georgieva, managing director of the International Monetary Fund, said in a 27 October Euronews interview.
Category: 25 October 2022
WAR MONGERS STEAL $50 BILLION MORE FROM TAXPAYERS TO FIGHT UKRAINE WAR
Another $50 billion aid package for Ukraine is being discussed in Congress just before the Midterms that—if passed—would bring total U.S. support for Ukraine to over $115 billion.
AS FORECAST: U.S. SCHOOL CHILDREN GETTING DUMBER AFTER COVID LOCKDOWNS
The National Center for Education Statistics released the “Nation’s Report Card” on Monday and found a significant drop in reading and math scores—but reports blamed the “COVID pandemic”—not braindead lockdowns that damaged an entire generation of students.
LATE BREAKING: NY SUPREME COURT REINSTATES ALL FIRED UNVACCINATED EMPLOYEES
A suit brought by fired workers in New York City for not getting COVID vaccines, has resulted in the state’s Supreme Court reinstating all employees who were fired.
NEW TECHNOLOGY HARVESTS DRINKING WATER FROM PLANTS
London-based Botanical Water Technologies (BWT) has partnered with Ingomar Packing Co., one of the chief U.S. processors of tomatoes, to test BWT’s method of harvesting water from tomatoes.
SPOTLIGHT: BIGS GETTING BIGGER
As we have reported, the value of mergers and acquisitions that companies announced during the first nine months of this year is down 34 percent during the same period in 2021, according to data service Refinitiv.
SPOTLIGHT: THE COMING RECESSION
The chances of a U.S. recession within 12 months has risen from 50 percent last month to 60 percent now, according to 42 economists responding in early October to Bloomberg’s monthly outlook survey.
TURKEY’S CENTRAL BANK CUTS INTEREST RATE AGAIN
With inflation in Turkey galloping at 83 percent in September, the country’s central bank cut its key interest rate from 12 percent to 10.5, adhering to Turkish president Recep Erdogan’s insistence that low interest rates reduce inflation.
GERMAN FACTORIES HIKE PRICES BY ALMOST 50 PERCENT
Germany’s manufacturers jacked prices for their products 45.8 percent in September, year over year, continuing the string of increases made in recent months.
JAPAN’S INFLATION HIGHEST IN MORE THAN 30 YEARS IN SEPTEMBER
Japan’s consumer prices, excluding those for fresh food, grew last month by 3 percent, year over year, the most at any time since 1991, aside from a blip in 2014 when sales taxes rose, Bloomberg reported.