The U.S. economy grew 6.5 percent in this year’s second quarter, the U.S. commerce department announced, an astonishing pace in normal times but less than expected during recovery from a once-a-century economic crash, CNBC reported. The growth rate barely edged past the first quarter’s downwardly adjusted figure of 6.3 percent. Dow Jones had estimated an...
Tag: aug 3 2021
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WAGES, INFLATION ON THE RISE
The U.S.’s economic bounce pushed prices 4 percent higher in June than they were a year before, according to the Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred gauge of inflation. The 4-percent rate is the fastest since 2008. And according to The New York Times, it is a rate greater than analysts...
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WILL FED REDUCE BOND PURCHASES LATER THIS YEAR?
“With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen,” the U.S. Federal Reserve’s Open Market Committee said in a statement following its 28 July meeting. “The economy has made substantial progress toward” the Fed’s goals of economic recovery and maximum employment and the committee will “assess...
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GANG ATTACKS: THE HORROR OF MULTIPLE ASSAILANT VIOLENCE
By Bradley J. Steiner, American Combato For a sobering glimpse of reality please go to YouTube and enter “Man Attacked by Group in NYC.” Just one major city, and you will see more documented video reports of multiple attacker situations than have ever been fictionalized in motion pictures and on TV! That’s all we are...
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CHINA LINKED TO SOCIAL JUSTICE PUSH IN U.S. SCHOOLS
A new National Pulse report details how the “Asia Society” is working with U.S. schools to push divisive social justice tenets. The group has several leadership links with the Chinese Communist Party. The curriculum includes teaching faculty to adopt an approach that encourages “teaching activism” in favor of left-wing causes such as “equity,” “globalism,” and...
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A MODEST TAX PROPOSAL FOR BILLIONAIRES
A story that should’ve made more than just momentary news concerned a leak that exposed how little America’s mega rich paid in income tax over the past decade. The leak was detailed in an extensive piece by Pulitizer winning ProPublica. Our own 15 June 2021 Trends Journal article “BILLIONAIRE TAX SCOFFLAWS PLOW SAVINGS INTO WEBS...
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J&J FACES LAWSUIT FROM BLACK WOMEN WHO SAY DANGEROUS PRODUCTS WERE PURPOSELY MARKETED TO THEM
Johnson & Johnson has been accused in a newly filed lawsuit of purposely marketing its talcum-based powder to black women despite internal concerns that the product could be harmful, reports said. The lawsuit was filed on behalf of the National Council of Negro Women, The New York Times reported. The paper said the lawsuit claims that the...
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DRUG LORDS PAY FINES AND GO ABOUT THEIR BUSINESS
Trends Journal‘s October 2019 article “THE OPIOID WARS” told how “corporate drug distributors are the most profitable dealers on the street.” 2 March 2021’s “PHARMA SERVICE FIRMS UNITE IN $12-BILLION BUY” told of the trend toward mergers and acquisitions in the drug business leading to concentration of ownership and elimination of competition. And 27 July’s...
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TUNISIA’S PRESIDENT ACCUSED OF COUP, CONSOLIDATING POWER
Kais Saied, the president of Tunisia, said he banned public gatherings of more than three people and extended the COVID-19 curfew to slow new cases, but his critics have accused him of carrying out a coup and now consolidating power. Saied, a former law professor who was considered a political outsider, said he fired the...
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PROTEST BREAKS OUT IN PERU AGAINST CASTILLO’S NEW GOVERNMENT
Pedro Castillo, the socialist and former school teacher who became Peru’s president in June after defeating the daughter of former Peruvian President Alberto Fujimori, sparked backlash just days into his presidency after he appointed Guido Bellido as his prime minister. Bellido has been accused of being a “terrorist” sympathetic to the brutal rebel group called...