U.S. employers added 372,000 new workers last month, sustaining the previous three months’ average of more than 350,000 additional jobs per month, The Wall Street Journal noted, but easing off highs touched early this year. Analysts surveyed by Bloomberg had predicted an average of 268,000 new slots. June’s figure was slightly down from May’s revised...
Tag: July 12 2022
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GOLD KEEPS FALLING
Gold’s price broke down through $1,800 an ounce last week as the dollar continued strong. On 8 July, the metal traded as low as $1,733 on the London Metal Exchange, the Financial Times reported, after peaking at $2,069 in March shortly after Russia invaded Ukraine. Exchange-traded funds (ETFs) tracking gold saw investors pull out a...
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AMERICAN CONFIDENCE IN MAJOR U.S. INSTITUTIONS DOWN FROM LAST YEAR
A new Gallup poll found that Americans are less confident in major U.S. institutions—like the Supreme Court and Congress—than they were a year ago, marking new lows for all three branches of the federal government. The poll found that only 27 percent of Americans have confidence in 14 major American institutions on average. Gallup said...
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NUCLEAR ENERGY, ‘GREEN’ ENERGY? EUROPEAN PARLIAMENT MOCKED FOR GOING NUKE
The proposal advanced by the European Parliament last week that categorizes nuclear energy and gas as climate-friendly investments in hopes to spur private funding in the technology. The European Commission passed the proposal after tense debate among various countries in the EU. The Financial Times pointed out that France, for example, is bullish on nuclear power while...
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FARMERS ACROSS EUROPE FIGHT AGAINST GREEN REGULATIONS THAT THREATEN LIVELIHOODS
It has been the summer of chaos in the Netherlands after the government came out with new green regulations that farmers in the country say will make it impossible to make ends meet. Videos emerged on social media that showed tractors forming blockades and confrontations between protesters and police throughout the country. Videos also showed...
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TOP TREND UNIONIZATION, HEATING UP: TOP GERMAN UNION PUSHING FOR HIGHER WAGES
Germany’s IG Metall union, the largest industrial union in the country, announced Monday that it wants an 8 percent pay increase for its members to help deal with the rising prices as the inflation rate came in at 7.6 percent in June. Joerg Hofmann, the head of the union, told The Associated Press that the...
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URUGUAY: NO JAB FOR KIDS. LEGAL FIGHT CONTINUES
A judge in Uruguay issued an injunction last week that suspends the COVID-19 vaccine for children under the age of 13 while a legal case plays out about the jab’s safety and government contracts. The case focuses on information about the ingredients of the Pfizer COVID-19 jab and contracts that were signed prior to its...
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AMERICANS SEE WASHINGTON AS LOSING THE COVID WAR
A recent Pew Research poll found a dramatic shift in the trust Americans have in health officials after more than two years of dealing with the COVID-19 outbreak. The survey found that President Joe Biden has lost public support in his handling of the outbreak. The survey pointed out that about 65 percent of Americans...
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RUSSIA SHOWS WILLINGNESS TO DISCUSS GRAIN EXPORTS
Sergei Lavrov, Russia’s top diplomat, said last week that Moscow is willing to discuss the safe export of grain with Ukraine and Turkey, but said Kyiv needs to make sure the ports are no longer blocked with mines. Lavrov, who made the comment while attending the G20 in Bali, did not give a clear date...
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IS BLINKEN AFRAID? HE WON’T MEET WITH RUSSIAN COUNTERPART
U.S. Secretary of State Antony Blinken on Friday refused to meet with Russia’s top diplomat, Sergei Lavrov, in Bali during the Group of Twenty meeting. Ned Price, a spokesman for the State Department, told reporters that “the time is not right” for foreign engagement with Lavrov. As tensions were heating up back in February between...