The retail, restaurant, manufacturing, automotive, agricultural, and tech industries will continue to see job cuts this year as demand slows and prices increase.
Category: 28 January 2025
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SPECIAL REPORT: THE U.S. HOUSING BLUES
In both 2023 and 2024, U.S. home sales languished at their lowest levels since 1995, with sales last month 20 percent below the same period in 2019, the Financial Times reported…
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FOREIGN INVESTMENT POURS INTO THE U.S.
The proportion of global foreign investment being directed into the U.S. is the largest on record, the Financial Times reported, emphasizing the strength of the American economy compared to China’s or Europe’s.
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GETTING “OBJECTIVE” WITH ANTHROPIC’S CLAUDE
As AI companies continue to attempt to build AI which can outperform humans, driving the lion’s share of profit and power to themselves and companies that best exploit the technology, it’s interesting to see different “anthropometric” gambits.
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RECORD NUMBER OF CONSUMERS MAKING ONLY MINIMUM CREDIT CARD PAYMENTS
The proportion of credit card holders making only minimum payments rose to 10.75 percent in last year’s third quarter, the most since 2012, the Federal Reserve Bank of Philadelphia reported.
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POPULAR SCIENCE NOW ECHOES LONGTIME TRENDS JOURNAL ENERGY REALISM FORECASTS
Tech and energy sector experts are suddenly being more open about energy realism: ie, the fact that hydrocarbon fuels (long misnamed “fossil” fuels) remain the only practical path to supplying sufficient energy for major economies.
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U.S. ECONOMIC BRIEFS
In the week ending 18 January, jobless workers filed 223,000 new claims for unemployment benefits, compared to 217,000 the week before.
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TECHNOCRACY BRIEFS: HUMANKIND PROMOTED TO “MANAGERS” BY AI?
Humans won’t lose their jobs to AI, technocrats are still assuring everyone, despite current job hemorrhages on Wall Street and in Silicon Valley.
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BILL GATES: AI REPLACISM IS THE FUTURE
Microsoft founder and self-styled “everything expert” Bill Gates says a book from 2023, The Coming Wave: Technology, Power, and the Twenty-first Century's Greatest Dilemma, should be read by everyone.
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BLOCKCHAIN BATTLES
An executive order (EO) signed last week by President Trump took a significant step toward establishing a national “digital asset stockpile.”
