Despite the Federal Reserve raising interest rates five times this past year, inflation continues to be much higher than the central bank’s 2 percent target. The Personal Consumption Expenditures inflation measure, which was released Friday, showed the index rose last month by 6.2 percent from a year ago, which was slightly down from 6.4 percent...
Each week, we report instances where the money junky hedge funds, private equity groups and the already big companies swallow another piece of the global economy. Here are some more of what the BIGS have been gobbling up and how the Bigs keep getting bigger and the rich keep getting richer. It should be noted...
Despite inflation edging above 80 percent in August, Turkey’s central bank cut its benchmark one-week repo rate last week from 13 percent to 12. The country’s lira currency took yet another step down after the announcement, to 18.387 against the dollar. The lira has lost almost a third its value against the greenback so far...
To revive the British economy and snatch it from the brink of recession, newly appointed Prime Minister Liz Truss’s new government proposed the sharpest tax cuts in 50 years and pledged to cap household utility bills. In August, inflation in the U.K. ran at almost 9.9 percent. The Bank of England has raised its key...
“Clean” Energy isn’t clean. The emissions and impacts on the environment of making EVs, wind turbines and solar panels and associated equipment is an enormous cost often hidden by tallies of the supposed benefits of these technologies. They can’t scale to provide equivalent amounts of energy as current systems, even with enormous expenditures and environmental......
A “super-intelligent” artificial intelligence (AI) very likely would become so capable that humans would no longer be able to direct or contain its behavior, several researchers have warned in a study published in the Journal of Artificial Intelligence. Odds are that such an AI eventually will be created, the group said. To control it, scientists......
Ukrainian saboteurs have been blamed for successfully carrying out attacks inside Crimea, which was annexed by Russia in 2014, which shows the latest example of how the war continues to expand with no end in sight. The Trends Journal noted last week, in an article titled, “ZELENSKY SAYS UKRAINE WAR WILL END WHEN RUSSIA LEAVES...
Continuing its line of bringing freedom and “democracy” to countries that lay a strategic and financial importance for Washington’s military and its corporate industrial complex, America is focusing on Africa. U.S. Secretary of State Antony Blinken visited South Africa last week to meet with Naledi Pandor, Pretoria’s foreign minister, to promote the need for “strong”...
As we pointed out in our 23 February article, “YOUTH REVOLUTION 2021: MYANMAR MILITARY VS. THE PEOPLE,” the youth in the country have been a force to be reckoned with after the military coup. Last Thursday, the Wall Street Journal ran the headline: Youths Take the Lean in Myanmar Protests In the article, the WSJ...