Near the close of U.S. equity markets yesterday, CNBC wrote, “Stocks fell Monday on fears the Federal Reserve may continue tightening until it steers the economy into recession.”
Category: 6 December 2022
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses. This is week 20.
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TOP TREND, GOING OVER THE DRIVERLESS CLIFF: INVESTORS PUT THE BRAKES ON FUNDING FOR SELF-DRIVING CARS
For years, developers have been pushing back their time frames for bringing self-driving cars to the market. Most recently, automakers have again scaled back their plans and timetables as the global economy darkens.
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U.S. TO GIVE TAIWAN MORE BILLIONS TO BUY WEAPONS
A draft of the U.S.’s 2023 National Defense Authorization Act calls for a $10 billion financing program that would span five years that would provide Taiwan $2 billion a year to purchase weapons and another $1 billion in annual presidential drawdown authority as China continues to loom large in Washington.
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THIS WEEK IN SURVEILLANCE
“All your Coinbase info are now belong to US!” Yes, to paraphrase an old internet meme, U.S. Intelligence agencies, spearheaded by Homeland Security, have just purchased data analytics from the San Francisco based Coinbase crypto exchange.
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COVID-19 LOCKDOWNS LEFT CHILDREN BRAIN DAMAGED, NEW STUDY SUGGESTS
As we have extensively detailed over the past two-and-a-half years, the COVID War has destroyed the lives and livelihoods—mentally, physically, financially—of billions of people across the planet.
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RUSSIA AIR BASES BOMBED, GET READY FOR RAMPED-UP UKRAINE WAR
Two Russian air bases were attacked Monday by Ukrainian drones resulting in Russian troop casualties and damage to at least two aircraft, according to the Kremlin.
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PROTESTS BREAK OUT IN ITALY
Thousands of people took to the streets of Rome on Saturday to lash out at Italy’s decision to provide Ukraine with weapons until 2024—all while the country faces economic hardships due to inflation and energy prices.
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MORE FOREIGN ENTANGLEMENTS: KURDS WANT U.S. TO HELP THEM FIGHT TURKS
Kurds in northern Syria have urged the U.S. and Russia to dissuade Turkey from carrying out an invasion after a terror strike in Istanbul put President Recep Tayyip Erdoğan on a war footing.
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U.S. WAR-MONGERS WANT TO TACK ON $45 BILLION MORE TO BIDEN’S MILITARY BUDGET
The House and Senate Armed Service committees last week agreed to add $45 billion to President Joe Biden’s 2023 National Defense Authorization Act, according to a report.