The U.S. economy lost a net 140,000 jobs in December, the first net loss since April. Economists had forecast a 50,000-job gain. Once again, the leisure and hospitality industry – including hotels, bars, and restaurants – showed the greatest losses, hitting particularly hard among young, minority, and less-educated workers, labor economist Julia Pollack at ZipRecruiter...
Tag: jan 12 2021
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YIELDS RISE, DOLLAR DOWN AS DEMS TAKE CONTROL
The yield on 30-year U.S. treasury securities closed at 1.863 percent on 8 January, up almost a quarter-point since the year began, TradeWeb reported, as investors bet that soon-to-be president Joe Biden and a Democratic Congress will unleash “trillions” more stimulus money and federal spending by promising to take on expensive infrastructure projects and offering...
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NEW SUPERCAPACITOR COULD REPLACE BATTERIES
In today’s lithium batteries, the problem is cobalt. It’s necessary to stabilize lithium, boost the amount of energy a battery can store, and extend a battery’s life. But mining it is damaging to human health and Mother Nature, soaring demand for lithium batteries threatens a cobalt shortage, and most of the world’s deposits are in...
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PETROPLASTICS OUT, PECTIN PLASTICS IN
The world may be turning away from petroleum as a vehicle fuel, but humans still use almost 600 billion plastic bottles made from petroleum each year. A small fraction is recycled into new materials; the vast majority are trashed and clog our oceans, waterways, garbage dumps, and roadsides, where their breakdown residues enter the food...
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LOS ANGELES: HAIL, HAIL, THE GANGS ALL HERE
As we have been warning since politicians locked down nations, states, and cities, there would be sharp rises in violent crime, and people would be leaving densely populated cities for safe-haven suburbs and ex-burbs. With people losing everything and having nothing left to lose, they are losing it. LAPD Chief Michel Moore said last week...
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DON’T MENTION HITLER, DON’T SAY “AUSCHWITZ”
Congresswoman Mary Miller issued an apology last week after a comment she made about Adolf Hitler during a “Save the Republic Rally” outside the U.S. Capitol. Miller, the Illinois Republican, has insisted her comments at the rally were taken out of context. She said some politicians are “trying to intentionally twist my words into something...
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LATIN AMERICANS GOING POPULIST?
Populist candidates in Latin America have benefited from a frustrated public due to economic damage caused by the COVID War and aim to give establishment candidates in upcoming elections a run for their money. Christopher Sabatini, a senior fellow for Latin America at Chatham House, a think tank, told the Financial Times these politicians are “only...
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EUROPEAN UNION SNUBS GUAIDÓ
Go back to January 2019. Remember the big geopolitical news? With Nicholas Maduro poised to be sworn in as President of Venezuela on 10 January, the U.S. implemented a coup attempt with its coronation of Juan Guaidó as the country’s interim leader… in effect dismissing Maduro from office. President Trump’s administration launched the propaganda campaign...
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IRAN SEIZES OIL TANKER
South Korea’s chief delegate was sent to negotiate with his counterpart in Iran after Tehran’s Revolutionary Guards seized a 9,797-ton oil tanker as it sailed the Strait of Hormuz. South Korea’s Foreign Ministry said five of the crew’s 20 members are South Korean. Tehran’s act of aggression reportedly stemmed from Seoul’s decision to freeze Iranian...
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INDIA’S FARMERS KEEP FIGHTING
Today marks the 48th day of Indian farmers’ protests over Prime Minister Narendra Modi’s new farm laws they say were designed without their knowledge, stripping them of earning potential and allowing major conglomerates to come in and crush their businesses. Modi’s administration disagrees with these protesters and insisted the new laws are urgent and allow...
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