Mark Rutte, the secretary-general of NATO, said last week that alliance members helped the U.S. carry out its illegal war......
ECONOMIC UPDATE
As we keep noting, and now it is finally being recognized by the “experts” of the mainstream media world, prepare for our Dot.com Bust 2.0 that even they admit, may well be on the near horizon.
SPOTLIGHT: PRIVATE EQUITY’S WOES CONTINUE
As we have forecast, the private credit industry’s heyday is over for the near future.
SPOTLIGHT: CHINA RESHAPES THE GLOBAL AUTO INDUSTRY
Through much of the 20th Century, American companies dominated technological innovation. Then, in the 1980s, U.S. firms began migrating their production to China where labor was cheap, eager, and plentiful.
IRAN DEAL DEAD: ISRAELI TROOPS WILL NOT WITHDRAW FROM LEBANON, KATZ SAYS
Israel Katz, the Israeli defense minister, said last week that the IDF will not withdraw from its strongholds inside Lebanon, despite Iranian demands during peace negotiations with the United States that an end to the war in Lebanon is required for the deal to be approved.
92 PERCENT OF ISRAELIS BELIEVE IRAN WON THE WAR
A newly released survey conducted by the Hebrew University of Jerusalem found that 92 percent of Israeli respondents said they believe that Iran emerged victorious against the U.S. and Israel in the war that started on 28 February.
GEN Z REVOLUTION: PRIMARY ELECTION RESULTS IN NEW YORK ADD TO GROWING GLOBAL TREND
Andy Burnham, the Labour Party MP who is likely to be the next British prime minister, has been compared to New York City Mayor Zohran Mamdani for his initiatives as mayor of Manchester and represents the growing influence of socialist-friendly leaders.
Global Economy
SPOTLIGHT: BIGS GETTING BIGGER
German pharma colossus Merck is paying $11.3 billion for Bio-Techne, a U.S. firm providing biochemicals, instruments, and other research tools to the biosciences industry.
GOING OUT OF BUSINESS TRENDS
The economic fallout from years of inflation, high borrowing costs, shifting consumer behavior, and mounting operational expenses continues to claim business across a wide range of industries.
“THE AMAZON OF CHINA” WILL REPLACE DELIVERY PEOPLE WITH ROBOTS
JD.com, China’s equivalent of Amazon in the U.S., has signed contracts with 120 vocational schools to retrain its 700,000 delivery couriers, who are going to be replaced by robots, founder Richard Liu told the Financial Times.
U.S. Economy
DEMOCRATS PROBE INVESTMENTS LINKED TO TRUMP FAMILY
Democrats in the U.S. Senate are looking into investments related to the Trump family that would seem to profit from Donald Trump’s policy decisions.
CONSUMER SENTIMENT CREEPS HIGHER IN JUNE
Americans’ feelings about the U.S. economy brightened slightly in late June, according to the University of Michigan’s twice-monthly survey of consumer sentiment.
U.S. INFLATION HIGHEST IN THREE YEARS
The Personal Consumption Expenditures Price Index (PCE), the U.S. Federal Reserve’s preferred measure of inflation, rose 0.3 percent in May from April, registering a yearly increase of 4.1 percent, its highest since October 2023.
The Iran War
IRAN DEAL DEAD: ISRAELI TROOPS WILL NOT WITHDRAW FROM LEBANON, KATZ SAYS
Israel Katz, the Israeli defense minister, said last week that the IDF will not withdraw from its strongholds inside Lebanon, despite Iranian demands during peace negotiations with the United States that an end to the war in Lebanon is required for the deal to be approved.
WRIGHT: IRAN DOES NOT HAVE THE ABILITY TO CLOSE OFF THE STRAIT OF HORMUZ
A day before Iran’s military attacked a cargo ship in the Strait of Hormuz, Christopher Wright, the U.S. energy secretary, told a conference in New York that Tehran does not have the ability to shut down the vital waterway.
JUNE 26: U.S. CENTRAL COMMAND ANNOUNCES NEW STRIKES ON IRANIAN TARGETS SHORTLY AFTER THE STOCK MARKET CLOSED
The U.S. announced that it carried out strikes on targets inside Iran Friday, just minutes after the U.S. stock market closed, which has been the White House’s theme since the start of the war.
Hi-Tech Science
MAGIC MUSHROOMS SHOW POSITIVE RESULTS IN TREATING ALZHEIMERS
Psilocybin, the “magic” in magic mushrooms, has become a trendy treatment for severe depression. However, its magic may be much more far-reaching if the experience of one elderly Japanese-American woman is an indication.
PEPSI PUTS DRIVERLESS TRUCKS ON THE ROAD
PepsiCo operates 35 self-driving semi-trucks around Arizona, shuttling chips and soda among bottling plants, distribution centers, and major retailers including Dollar General and Walmart.
FECAL TRANSPLANTS SLASH AUTISM SYMPTOMS
One in every 59 children born in the U.S. shows some signs of autism, according to the federal Centers for Disease Control and Prevention.