Ottawa announced Thursday that 3,400 troops are prepared to deploy to Europe. Besides the troops that are on standby, up to 460 troops already in Europe will head to Latvia, where there are 540 Canadian troops. Prime Minister Justin Trudeau—who snuffed out democracy in his own country after imposing the Emergencies Act to end the...
Tag: March 1 2022
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CONSUMERS SPENT 2.1 PERCENT MORE IN JANUARY
Consumer spending rose 2.1 percent in January after shrinking 0.8 percent in December, the U.S. commerce department reported. After factoring out price inflation, consumers bought 1.5 percent more goods and services, while after-tax household incomes declined 0.5 percent. Personal income for the month remained flat, due in part to the expiration of the expanded child...
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ECONOMY PERKS UP, CONSUMER CONFIDENCE GOES DOWN
IHS Markit’s U.S. Composite Purchasing Managers Index (PMI) rose to 56.0 in February from 51.6 in January, signaling a surge in economic activity, the data service said. Europe’s PMI jumped from 52.3 in January to 55.8 in February, the largest gain since September. In the U.K., the index shot up to 60.2 last month from...
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KEY INFLATION MEASURE RISES, WILL INTEREST RATES RISE?
The Core Personal Consumption Expenditures Price Index (PCE), the inflation gauge most closely watched by the U.S. Federal Reserve, rose 0.5 percent in January after adding the same amount in December. The PCE stood at a 5.2-percent annual rate at the end of January, up from 4.9 percent the month before and its fastest gain...
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STRONG U.S. ECONOMY, UNEMPLOYMENT CLAIMS FALL TO 52-YEAR LOW. WHAT’S NEXT?
The U.S. economy expanded by 7 percent in 2021’s fourth quarter and 5.6 percent for all of 2021, the Commerce Department reported. The results edged past the department’s estimates of 6.9 and 5.5 percent, respectively. And for the week ending 5 February, a total of 1,476,000 eligible Americans were receiving jobless payments, down by about...
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STARBUCKS UNIONIZATION: 2022 TOP TREND ON THE RISE
Workers in a Starbucks location in Mesa, Ariz., on Friday voted 25-to-3 in support of becoming a union—becoming the third location out of 9,000 in the U.S. to unionize. The Arizona store followed the lead by the two Starbucks locations in Buffalo that unionized. The New York Times reported that more than 100 Starbucks stores in...
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TRUDEAU REVOKES EMERGENCY POWERS AFTER TRUCKER PROTEST ENDS
Canadian Prime Minister Justin Trudeau announced last Wednesday that the country is no longer in an “emergency situation” and he would revoke the extraordinary emergency powers that he imposed to deal with the Freedom Convoy protest in Ottawa. “Order has been restored and the blockades and occupation are over,” Trudeau announced. Parliament declined to revoke...
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TAMARA LICH, TRUCKER PROTEST ORGANIZER, DENIED BAIL, BECOMES TRUDEAU’S POLITICAL PRISONER
The organizer of the Freedom Convoy protest that spanned 22 days in Ottawa has been denied bail and faces a “lengthy” stay in prison if convicted, according to an Ontario judge. Justice Julie Bourgeois decided to deny bail to Tamara Lich—who started the now-defunct GoFundme fundraising drive that raised over $10 million—because she said it...
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U.S. CONDUCTS DEADLY AIRSTRIKE IN SOMALIA TARGETING AL-SHABAAB FIGHTERS
While the United States government and the mainstream media condemn Russia’s attack on Ukraine, U.S. Africa Command, or AFRICOM, conducted airstrikes in the Somali area that killed 60 “enemy” fighters, according to a report. The U.S. said there were no civilian casualties, according to an “initial assessment.” AntiWar.com reported that the U.S. is “notorious for...
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ISRAELI AIRSTRIKES KILL 3 SOLDIERS IN SYRIA
Israel kept up its war footing against Syria last week after conducting its fourth airstrike against its neighbor in February alone, which resulted in the deaths of three Syrian troops, a report said. SANA, the Syrian news outlet, reported, “The Israeli enemy carried out an air assault with several missiles” at about 1:10 a.m. on Thursday....