The Republican and Democratic National Conventions, always heavy on glamor and light on substance, are over. It’s time to move beyond sloganeering and address reality.
Category: 27 August 2024
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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TECHNOFASCISM: THE GOVERNMENT PRESSURED TECH COMPANIES TO CENSOR USERS
Mark Zuckerberg, the CEO of Meta, has finally admitted what we knew all along: Facebook conspired with the government to censor individuals expressing “disapproved” views about the COVID-19 pandemic.
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ZUCKERBERG BOWED DOWN TO BIDEN GANG TO FIGHT COVID WAR, RUSSIA INTERFERENCE BULLSHIT
Mark Zuckerberg, the head of Meta, said the Biden administration “pressured” Facebook to “censor certain COVID-19 content” and the Hunter Biden scandal and admitted that he regretted decisions the company made to keep the White House happy.
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PG&E POWER LINES IGNITE 62 CALIFORNIA WILDFIRES
PG&E, California’s largest utility, has acknowledged 62 wildfires in high-threat areas have been ignited by its disrupted power lines so far this year, compared with 65 in all of 2023.
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AMEX STOCK DROPS AS ANALYSTS WARN OF WEAK CONSUMER SPENDING
American Express’s share price shrank 2.8 percent on 21 August after Bank of America (BoA) analysts warned of weak consumer spending.
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GREEN FUEL STARTUPS FLAME OUT
Many ventures creating clean energy received funding under 2021’s Infrastructure Investment and Jobs Act but have been unable to sustain their momentum.
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STARTUPS’ FAILURE RATE SOARS
Over the past 12 months, business startups failed at a rate 60 percent higher than the 12 months prior, according to Carta, which provides services to young companies.
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GEN X: DUE TO RETIRE BUT CAN’T AFFORD TO
The oldest of the 65-million-member Generation X—born from 1965 to 1980—will turn 60 next year, putting them within sight of retirement age.
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DOLLAR TAKES A BEATING AS FED READIES INTEREST RATE CUT
On 20 August, the U.S. dollar fell to its lowest level this year as investors prepared for the U.S. Federal Reserve to cut its key interest rate next month.