As we have long noted, there is absolutely no connection between Wall Street and Main Street. They are two different worlds. The equity markets keep going up as most of the global economy goes down.
Category: 29 October 2024
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EXPECT THE UNEXPECTED OR EVEN THE UNBELIEVABLE
For the market and the economy there is a terribly inconvenient truth, and right now we have a serious problem. (I cannot underscore SERIOUS enough).
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SPOTLIGHT: CONSUMER PRODUCTS COMPANIES ON THE ROPES
Volvo Cars has slashed its 2024 sales growth outlook for this year to 7 to 8 percent, cutting it from 12 to 15 percent it had predicted in an earlier downgrade.
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WHAT WE SAID: FORMER OPENAI EMPLOYEE ARGUES COMPANY IS DESTROYING THE INTERNET, AND THOUSANDS OF ARTISTS SIGN STATEMENT AGAINST AI IP THEFT
A new blog post by Suchir Balaji, a former researcher at OpenAI, is gaining notice by The New York Times, Gizmodo and other general and tech-focused news outlets.
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ISRAEL STRIKE ON IRAN AN ‘OPENING BLOW,’ AND MUST BE FOLLOWED UP BY ADDITIONAL STRIKES: BEN-GVIR
Itamar Ben-Gvir, a politician from the Jewish Power party and Israel’s National Security Minister, said the Saturday attack on Iranian positions was “important as an opening blow,” but must be followed up because of a “historical obligation to remove the Iranian threat to destroy Israel.”
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CELL PHONE RADIATION LINKED TO BRAIN CANCER
A newly released study found a clear link between cellphone use and brain cancers—particularly on the side of the head where users most commonly hold their phones.
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LEBANON DEATH TOLL
Israel continued to carry out its bombing campaign across Lebanon last week—bringing the death toll in the country to 2,710 on the year, with over 12,000 people injured. Over 1.2 million have been displaced.
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GAZA DEATH TOLL
The death toll in Gaza surpassed 43,000—and over half of those killed by the IDF have been women and children. The UN said last week that northern Gaza is facing its “darkest hour” as the IDF increases its killing campaign there in an effort to clear out the region.
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IDF TARGETED UN PEACEKEEPERS WITH WHITE PHOSPHORUS GAS
The Israeli military targeted UN peacekeepers in southern Lebanon a dozen times, including one incident that injured 15 UNIFIL troops after they were exposed to white phosphorus, according to a confidential report viewed by the Financial Times.
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ISRAEL KEEPS KILLING JOURNALISTS: AIRSTRIKE IN LEBANON CLAIMS ANOTHER 3
The IDF continues to kill journalists amid its wars in Gaza and Lebanon—and claimed another three media workers in an airstrike in southern Lebanon last week, according to reports.