Falling gas prices last month gave consumers more money to spend on everyday items, especially online, where spending shot up 2.7 percent for the month. Consumer spending overall was flat from June, the U.S. commerce department reported. Spending at gas stations was off 1.8 percent and vehicle sales, which make up about 20 percent of...
Tag: aug 23 2022
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THE JOBS MARKET SHRINK
Fifty-two percent of U.S. companies have imposed a hiring freeze, half are planning or beginning layoffs, more than 40 percent have rescinded recent job offers, and an equal number have eliminated hiring bonuses they dangled in a tight labor market, according to a survey this month of more than 700 U.S. employers by financial and...
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SPACs: WHAT GOES UP…
Special-purpose acquisition companies (SPACs), a sneaky way to skirt federal regulations and take fledgling companies public, was one of the hottest investment vehicles of 2021, attracting celebrities from Serena Williams to Jay-Z. Now their temperature is sub-zero. A SPAC or “blank-check company” is a special category of company that goes public, typically at $10 a...
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AMERICA: IT COSTS MORE THAN $300,000 TO RAISE A KID
The cost of raising a single child to high school graduation will cost you $300,000—or the price of a 2022 Ferrari F8 Spider—due, in part, to surging inflation, according to a recent estimate from the Brookings Institution. The Wall Street Journal reported that the study focused on middle-income families who had a child in 2015. The...
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TOP TREND 2022 TREND, UNIONIZATION: A GLOBAL TREND TRENDING HIGHER
UNITED KINGDOM: All of London’s Underground and Overground train lines were suspended Friday after about 10,000 employees for the city’s transportation network protested over their wages and a number of cost-cutting efforts that have been proposed by Transport for London (TfL). Many of these employees have been critical of TfL for not keeping up with...
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SUFFERING AMERICANS HITS RECORD HIGH, 75 PERCENT THINK COUNTRY IS GOING DOWN
Gerald Celente has said COVID-19 lockdowns did more than destroy economies; he said they destroyed the human spirit. Polls are now emerging that show optimism in the U.S. is becoming almost as rare as Russian gas in Europe. About 75 percent of Americans said they believe the U.S. is headed in the wrong direction, and...
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U.S. SENDS $775 MILLION TO KEEP BLOODYING THE UKRAINE KILLING FIELDS
While American homeless fill the streets, as the nation’s infrastructure rots, as violent crime spikes, as major companies layoff thousands, as inflation costs the U.S. average household more than $5,200 this year, Washington sent $775 million in military aid to Ukraine so it can continue to fight Russia as the war approaches its sixth month....
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UKRAINIAN SABOTEURS TAKE AIM AT RUSSIAN MILITARY COMPLEXES IN CRIMEA
Ukrainian saboteurs have been blamed for successfully carrying out attacks inside Crimea, which was annexed by Russia in 2014, which shows the latest example of how the war continues to expand with no end in sight. The Trends Journal noted last week, in an article titled, “ZELENSKY SAYS UKRAINE WAR WILL END WHEN RUSSIA LEAVES...
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CHINA REBUKES U.S. AMBASSADOR, ATTACKS DC’s “SELFISH INTERESTS”
The Global Times ran an editorial last week that was critical of comments made by the U.S. ambassador to China about House Speaker Nancy Pelosi’s recent trip to Taiwan and said it exemplifies how Washington misunderstands the issue from “top to bottom.” Nicholas Burns, the ambassador, called out China for “manufacturing” a crisis and said...
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AFTER KILLING 50 THOUSAND CIVILIANS, DESTROYING THE COUNTRY AND OCCUPYING IT FOR 20 YEARS, U.S. STEALS $3.5 BILLION FROM AFGHANISTAN
The Biden administration announced last Monday that it will not release the $3.5 billion it seized belonging to Afghanistan’s central bank after alleging that the Taliban is providing safe harbor for an Al Qaeda leader in Kabul. President Joe Biden believes that he gets to determine how to spend the $7 billion in Afghan assets...