Consumer spending increased 1.8 percent in this year’s first quarter, year over year, according to the U.S. commerce department, dramatically lower than the 3.1-percent increase the department had estimated previously. Adjusted for inflation, the gain was only 0.5 percent during the period, slipping a fraction from 0.6 percent in 2021’s final quarter. Spending on services...
Tag: july 5 2022
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2022 TOP TREND, DRAGFLATION: CONSUMER SPENDING GOING DOWN
U.S. consumer spending rose just 0.2 percent in June, year over year, the slowest pace this year, a third of May’s 0.6-percent gain, and half of the 0.4-percent growth analysts had expected. The news follows the commerce department’s revised estimate that first-quarter consumer spending grew just 1.8 percent from the same period in 2021, not...
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STOCK PLAYERS LOST MORE THAN $9 TRILLION THIS YEAR
As U.S. stock markets booked their worst first half of a year since 1970, investors lost more than $9 trillion, Bloomberg has calculated from S&P data tracking small, medium, and large publicly-traded companies. The NASDAQ had shrunk by nearly a third this year as of 30 June, with the Standard & Poor’s 500 index losing...
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EUROPEAN UNION FINALIZES RULES GOVERNING CRYPTO
The European Union (EU) has settled on a coherent set of regulations to govern digital assets throughout the 19-country bloc, relieving concerns of patchwork rules that change from nation to nation. Exchanges and other crypto-related services would need to be authorized by an EU regulating agency before operating in any single country. The new set...
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TOP 2022 TREND, “UNIONIZATION,” ON THE RISE
The COVID-19 outbreak brought on days of reckoning for governments and private companies when it comes to workers’ rights. The Trends Journal has documented strikes and unionization efforts from Amazon and Starbucks workers to House staffers on Capitol Hill. (See “TOP 2022 UNIONIZATION TREND UPDATE,” “UNIONIZATION,’ TOP TREND FOR 2022, ON-TREND,” “POLITICO JOURNALISTS FORM UNION. A TREND OF...
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FOURTH OF JULY TRAVEL CHAOS MORE THAN 180 FLIGHTS GROUNDED
Millions of Americans travel on the Fourth of July each year and there’s a good chance that if you attempted to fly the friendly skies on the holiday you were met with cancellations and delays. Flightaware reported 1,248 delays across the U.S. and another 188 cancellations. Airlines have been faced with staffing shortages and inclimate weather...
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NEW YORK STATE: WANT A GUN? SHOW ME YOUR SOCIAL MEDIA!
#Bullshit The New York State Senate on Friday passed new gun legislation that includes requiring gun-permit applicants to submit information about their social media accounts and provide references about their character. The state senate voted during a special session in response to the U.S. Supreme Court ruling that allows New Yorkers to apply for concealed-carry...
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COVID KILLED HUMAN SPIRIT: JACK YOUR DEAD. RETAIL WORKERS FEAR VIOLENCE
A growing number of retail workers have expressed concern for their safety after recent incidents across the U.S. that unfolded inside stores and resulted in deaths and injuries. Kim Cordova, the president of Local 7 of the United Food and Commercial Workers in Colorado, told The New York Times that she has worked in the...
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OMICRON WILL GET YOU!
Sub Variants of the Omicron strain of the coronavirus now represent more than half of all infections in the U.S, according to the Centers of Disease Control and Prevention. The Omicron BA 4 and BA 5 sub variants now represent more than half of all cases in the U.S. The Trends Journal has reported extensively...
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FU GEORGE WASHINGTON. U.S. LOVES FOREIGN ENTANGLEMENTS
Today, words of America’ Revolutionary War general and first President, George Washington, are blasphemous and are never part of the mainstream media narrative or spoken by political or business leaders: “It is our true policy to steer clear of permanent alliance with any portion of the foreign world.” The address was published on 19 September...