We had forecast this trend was coming, and here it is. Last month, General Motors said it is considering a $4-billion investment in new electric vehicle battery-making capacity in Michigan; and Toyota unveiled plans for a $1.3-billion EV battery plant in North Carolina that will employ 1,750 people. Georgia’s upstart America Knits factory, where 65...
Tag: jan 11 2022
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AMERICANS: HAPPY DAYS NOT HERE, AGAIN!
Cheer up, it’s Gloom Time. With Omicron fear spreading and with the COVID War still raging, just 21 percent of Americans say they are better off financially than they were a year ago, according to a Momentive survey conducted for The New York Times. A year ago, the same survey found 26 percent reporting improvement....
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DECEMBER JOB FREEFALL
The U.S. economy created 199,000 non-farm jobs in December, fewer than half of the 422,000 that Dow Jones had forecast. The most optimistic analysts had foreseen 453,000 new jobs. Also last month, the unemployment rate shrank to 3.9 percent, close to the 50-year low of 3.5 percent set in February 2020. Leisure and hospitality businesses...
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“THE BIG QUIT” SETS RECORD IN NOVEMBER
In November, 4.5 million U.S. workers chose to quit their jobs, almost 3 percent of the national labor force, according to the U.S. labor department. The figure set a monthly record, topping the record 4.2 million set the month before, for the two decades the department has been tracking the quit rate. As of 30...
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$100,000 INCOME, CHUMP CHANGE? CAN’T AFFORD “AMERICAN DREAM?”
A $100,000 annual household income, thought not long ago to be a ticket to the upper middle class, can no longer guarantee the “American Dream” of a single-family home in the suburbs, two cars in the garage, a child or two, and a college fund for the kids, according to a recent analysis by Business...
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WASHINGTON GIVES COLD SHOULDER TO RUSSIA’S SECURITY CONCERNS
By Paul Craig Roberts, Institute for Political Economy As Stephen Lendman reports, “Biden Regime Rejects Russia’s Security Demands.” The bad news is there cannot be normal, friendly relations between the U.S. and Russia for two reasons. One reason is that the annual budget of the U.S. military/security complex is $1,000 billion. A budget this large and the...
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MEXICO’S CENTRAL BANK GOING DIGITAL
The Bank of Mexico will launch its own digital currency within two years in an attempt to bring more people out of the country’s dominant all-cash economy and into the nation’s financial system, the administration of Mexican president Manuel Lopez Obrador announced on 5 January. The informal economy accounts for about 22 percent of Mexico’s...
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BIG SODA DECREES: “DIET” IS DEAD. SAY HELLO TO “ZERO SUGAR”
Are you old enough to remember when diet pop (or diet soda) first hit the shelves in American food stores? It was 1958 when Diet Rite, produced by Royal Crown Cola, first appeared. Its success inspired Coca-Cola to introduce Tab in 1963, and a year later Diet Pepsi made its debut. In 1982 Coca-Cola brought...
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FDA? TRY FU! DRUG LORDS IN CONTROL
As Trends Journal’s Gerald Celente never tires of pointing out (quoting George Carlin): “It’s one big club, and you ain’t in it!” It’s also an incestuous club. And for an example of that one need look no further than Pres. Biden’s nomination of Dr. Robert Califf to take the reins of the U.S. Food and...
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POLL SHOWS MOST AMERICANS BULLISH ON 2022
According to a poll of 1,000 Americans conducted on 13 December by OnePoll and reported by StudyFinds.org on 22 December, half the respondents, asked for an “end of year reflection” on 2021, characterized it as “the worst year of their lives so far.” Across the age groups surveyed (Baby Boomers, aged 57 or older; Generation...