Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses. This is week 20.
Tag: Economy
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SPOTLIGHT: THE STRUGGLE OVER INTEREST RATES
As we have greatly detailed, the rise and fall of interest rates is a guessing game since facts do not matter. Again, the facts were clear, front and center: Inflation was spiking but the Central Banksters defamed those of us who said it was real and rising and instead declared it was only “temporary” and then “transitory.”
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GHANA ASKS TO RESTRUCTURE DEBT TO STAVE OFF DEFAULT
The African nation of Ghana is asking foreign bondholders to swallow losses of as much as 30 percent of principal and forgive interest payments for three years as it tries to qualify for a loan from the International Monetary Fund, Bloomberg reported.
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PLAN TO LIMIT RUSSIAN OIL PRICE MIRED IN DEBATE
While European nations argue among themselves about capping natural gas prices, they also are at odds with each other over limiting the price that countries can pay for oil they import from Russia.
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EUROPE SQUABBLES OVER PLAN TO CAP GAS PRICE
European nations continue to bicker over whether and how to cap the price of natural gas across the 27 nations that make up the European Union (EU).
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses. This is week 19.
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THE INSIDE GOVERNMENT GANG WINNING BIG ON INSIDER TRADES
The private, nonprofit Campaign Legal Center (CLC) has filed legal complaints prompted by a recent Wall Street Journal report that thousands of appointees at 50 federal agencies held stock in companies that were affected by their policy decisions.
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INVESTORS SCALE BACK ON BUYING HOMES: WHAT TO EXPECT
Private equity funds poured billions of dollars into the housing market since the COVID era began, buying up tens of thousands of single-family homes in a trend we documented in articles such as “Rents Soar as Investors Buy Properties and Raise Rates” (14 Sep 2021) and “Homes Sales Up as Money Gang Gobbles Up Houses” (23 Nov 2021).
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HOME SALES UP 7.5 PERCENT IN OCTOBER
The number of new U.S. homes sold in October was 7.5 percent greater than in September, the U.S. commerce department reported, reversing an 11-percent slide the month before.
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SPOTLIGHT: BIGS GETTING BIGGER
Each week, we report instances where the money junky hedge funds, private equity groups and the already big companies swallow another piece of the global economy.