“The world is in a dangerous place,” Sri Mulyani Indrawati, Indonesia’s finance minister, said in her closing remarks to the joint meeting of the World Bank and International Monetary Fund (IMF), held in Washington, DC, 10 through 16 October.
WHEN THE ECONOMY FALLS JOBS GO WITH IT
The world is headed into Dragflation: Declining economic growth and rising inflation. This combination of rising prices and rising interest rates whereby people pay more to buy less has resulted in companies in many sectors to lay off employees.
U.S. GOVERNMENT’S INTEREST COST SOARS TO $580 BILLION THIS YEAR
The U.S. government has borrowed hundreds of billions of dollars since 2019 to fund health care and an array of stimulus and rescue programs during the COVID War.
ANOTHER FED BANKSTER BANDIT CAUGHT VIOLATING FINANCIAL DISCLOSURE RULES
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, has amended his most recent financial disclosure report after revealing he had failed to list transactions that violated a Fed rule limiting trades ahead of the central bank’s rate-setting meetings.
NEW ENGLAND WILL LIKELY SEE PUNISHING NATURAL GAS PRICES THIS WINTER
Magical thinking has now led to an impending crisis in New England which relies more heavily on natural gas for home energy and heating than anywhere else in the country.
ELON, YEEZY, TRUTH SOCIAL, OH MY!
A trio of stories this week highlighted the trend of censored Americans becoming increasingly proactive in fighting for social media platform access.
PRO-PUTIN SPEAKER IS ELECTED IN ITALY JUST WEEKS AFTER MELONI ELECTION WIN
Last month’s election of Giorgia Meloni for prime minister in Italy was seen as the first sign that the country could change its pro-EU posture and its nearly unlimited support of sanctions against Russia over its invasion of Ukraine.
U.S. DRAWS LINE IN THE SAND FOR MEXICO: WITH US OR NOT
Mexico, which has spoken out against the Ukraine War but has not chided Russia over its invasion, is feeling increased pressure from the U.S. to take a more assertive role as the war drags on.
MORTGAGE RATES RISE TO 20-YEAR HIGHS AS HOME PRICES FALL AT RECORD PACE
The national average interest rate on a fixed-rate, 30-year mortgage nudged up to 6.92 percent on 13 October, climbing from 6.66 percent a week ago to its highest since April 2002, the Federal Home Loan Mortgage Corporation (Freddie Mac) announced.
UNIONIZATION, TOP TREND 2022: OKLAHOMA APPLE STORE VOTES TO UNIONIZE
Employees at an Apple store in Oklahoma voted to unionize and be represented by the Communications Workers of America—becoming the computer giant’s second store in the U.S. to vote in favor of union representation.