After cutting its key interest rate by a quarter point in June, the Bank of Canada did so again this month, bringing the rate to 4.5 percent
Category: 30 July 2024
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CHINA’S CENTRAL BANK MAKES SURPRISE INTEREST RATE CUT
On 25 July, the People’s Bank of China lowered its interest rate on one-year loans to commercial banks from 2.5 percent to 2.3 percent. Though small, it was the largest reduction in that rate since April 2020.
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EUROZONE ECONOMY STAGNATES IN JULY
The 20-nation Eurozone’s economy “barely moved in July” as growth in services slowed markedly and manufacturing continued to contract, especially in Germany, S&P Global reported.
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PLANTATION WORKERS OF SLAVELANDIA GOT POORER WHILE WORLD’S 1 PERCENT GOT $42 TRILLION RICHER
In the past 10 years, the world’s wealthiest one percent of individuals saw their wealth grow by $42 trillion, 34 times more than the poorest 50 percent of the global population, according to a study by Oxfam, a global nonprofit working to eliminate poverty.
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MORE AMERICANS FALLING BEHIND ON CREDIT CARD PAYMENTS
An increasing number of Americans are unable to make their monthly credit card payments, according to data from the Federal Reserve Bank of Philadelphia.
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PLANTATION WORKERS OF SLAVELANDIA TOO POOR TO BUY A HOUSE IN MORE THAN 200 U.S. CITIES
In 237 U.S. cities, a low-priced starter home now costs at least $1 million, according to online brokerage Zillow. The number has almost tripled since 2019, when 84 cities featured seven-figure entry-level homes.
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U.S. ECONOMIC GROWTH DOUBLED IN SECOND QUARTER
U.S. GDP grew by 2.8 percent in April through June, doubling the first quarter’s pace of 1.4 percent.
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TRUMP BLAMES BIDEN, HARRIS FOR AIRSTRIKE IN STOLEN GOLAN HEIGHTS THAT KILLED 12
Donald Trump, the Make America Great Again (After Israel) presidential candidate in the U.S., blamed President Joe Biden and Vice President Kamala Harris for the deadly rocket strike in the Golan Heights that killed at least 12—mainly children who were playing soccer at the time of the explosion.
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FOR ISRAEL’S FAR-RIGHT EXTREMISTS, TRUMP’S THEIR MAN
Itamar Ben Gvir, Israel’s extremist far-right national security minister, officially endorsed Donald Trump for U.S. president because Trump will back Israel for war with Iran.
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HARRIS TAPS INTO DEEP-POCKETED FRIENDS FROM WALL STREET TO HOLLYWOOD
As this week’s Trends Journal cover illustrates, the Robber Barons are running Amerika, which is no longer the “Land of Opportunity.” The only “Opportunity” to make it to the top is to suck up to the rich.