While The Street is still on an equity market high, thanks mostly to so-called “Magnificent Seven” tech stocks that spiked, and continue to spike, with the new AI juice they are gobbling up, it is a different world on Main Street.
Category: 27 February 2024
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THE SYSTEM IS HYPERINFLATING
The world economy is not just grinding to a halt, it’s essentially dead. With that, global debt is surging higher at its fastest pace on record.
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GETTING HUNGRY: FOOD COSTS KEEP CLIMBING
In January, the cost of groceries in the U.S. was 1.2 percent higher than a year earlier and menu prices at restaurants jumped 1.2 percent, according to data from the U.S. Labor Department.
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TRUCKS UNABLE TO DELIVER AID TO STARVING GAZANS
The UN said last week that just a small percent of humanitarian aid trucks that are intended for starving Gazans are reaching their destination as workers in the enclave report a societal breakdown because of the dire conditions.
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OPENAI SORA AI SYNTHETIC VIDEO CREATOR ALREADY COSTING HUMAN JOBS—AND TELEGRAPHING AGI
Sora AI, OpenAI’s sophisticated text-to-video AI generator, is showing all the signs of making as big a sensation as its ChatGPT text generating AI did about a year ago.
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U.S. TELLS ICJ: ISRAEL CAN KEEP ITS STEALING OF PALESTINIAN LAND
Richard Visek, the U.S. State Department’s acting legal adviser, told the International Court of Justice last week that it should not endorse the opinions by some nations that Israel should withdraw from Gaza after its massacre is complete.
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PUTIN KEPT PUSHING FOR CEASEFIRE IN DONBASS IN 2019, BUT I REJECTED IT: ZELENSKY
Before the Ukraine War began on 24 February 2022, we had urged that Russia and Ukraine negotiate for a ceasefire.
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HOUTHIS PREPARING FOR LONG CONFRONTATION IN RED SEA
The Yemeni Houthis, who are routinely described in the Western media as Arab throwbacks who do nothing but fire Iranian-produced missiles at container ships in the Red Sea, are preparing for a long confrontation with the West in the Red Sea, according to a report.
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RUSSIA, CHINA CRITICIZE THE U.S. FOR VETOING LATEST UN CEASEFIRE RESOLUTION, GIVING ISRAEL ‘LICENSE TO KILL’
Russian and Chinese diplomats took the U.S. to task last week over its third veto of a UN ceasefire resolution that would have forced Israel to end the Gaza genocide that has been ongoing since the 7 October Hamas attack that killed 1,200.
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ISRAELI MISSILE ATTACKS INJURE 14 IN LEBANON AS WAR ESCALATES
Living up to his pledge to escalate the Israel war, Israeli forces increased their assaults on Lebanon last week in a series of airstrikes, including an attack that injured 14 in Ghazieh, a coastal town about 28 miles from Beirut.