The ongoing protests against lack of jobs, a decaying economy, and government corruption that began on 17 October last year, and forced its Prime Minister Saad Hariri to resign, continues. Despite the announcement by Hassan Diab, the new Prime Minister, of his appointing 20 new ministers whom he vowed to work with to solve protesters’...
Tag: 28 January 2020
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VENEZUELA: GUAIDÓ FADING
Juan Guaidó, who with U.S. backing and that of some 50 nations, claims to be the legitimate president of Venezuela, received a cool reception at the recent meeting of government and financial leaders in Davos. Despite his recent meeting and endorsement by U.S. Secretary of State Mike Pompeo last week, as reported in the Trends Journal,...
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MONETARY METHADONE: REPO RESCUE TOPS $6 TRILLION
The Federal Reserve Bank of New York has pumped $6.6 trillion into major financial trading houses in the last five months through the repo market (repurchase agreement) market, according to data posted on the bank’s website. The first week of the current repo rescue was last 17 through 24 September, when the repo interest rate...
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JUNK DEBT DUE SETS RECORD
Almost $1.2 trillion in speculative-rated corporate bonds – also known as “junk debt” – will come due over the next five years. This sets a record for the amount of risky loans to mature over such a short period, up 14 percent since last year. Looking at growing signs of an economic slowdown ahead, Moody’s...
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TRUMP: IN LA-LA LAND
Addressing the World Economic Forum at Davos last Monday, President Donald Trump told the gathering that the U.S. is “in the midst of an economic boom, the likes of which the world has never seen.” He branded the economy “the great American comeback” and “a stunning turnaround” powered by “a whole new approach centered entirely on...
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CRYPTO BUG BITING BANKS = GOING CASHLESS
One in every ten of the world’s central banks is planning to issue a national cryptocurrency before 2023, according to a 2019 survey by the Bank for International Settlements. The number almost doubled for banks planning to launch digital currencies by 2026. In theory, national cryptocurrencies could be used to buy anything from fast-food burgers...
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BIG CHAIN “HEALTH HUBS” ON THE RISE
The retail giant Walmart is planning to open its second Health “super center” in Georgia this year. Walmart’s first Health center opened its doors last September in Dallas, GA. The 10,000-square-foot storefront offers primary care, lab work, X-rays and EKGs, optical and hearing services, mental health counseling, dental services, nutrition counseling, fitness guidance, and health...
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“SENOLYTIC” DRUG REVERSES KEY CAUSE OF AGING
As the human body ages, it accumulates a growing number of “senescent” cells that lose their ability to work properly or even go dormant. As more of these cells build up, the symptoms of ageing become more pronounced – everything from dementia to crepe-like skin. “Senolytic” drugs that could clear away senescent cells have been...
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IT’S ALIVE! (SORT OF)
Scientists at the University of Colorado at Boulder have created a form of concrete that can reproduce and can heal itself if damaged. Beginning with a particularly robust strain of bacteria, researchers mixed the bugs with sand and a hydrogel holding water and nutrients to feed the microbes. As the bugs flourished and multiplied, they...
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PFAS CONTAMINATION MORE WIDESPREAD
PFAS – perfluoroalkyl substances, a family of more than 5,000 hardy chemicals used to make products ranging from firefighting foam to waterproof mascara – have widely pervaded the U.S. water supply, according to a new study by the private, nonprofit Environmental Working Group (EWG). Several of the chemicals have been linked to liver damage, kidney...
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