Tag: sep 27 2022

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SPOTLIGHT: CHINA
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SPOTLIGHT: CHINA

EUROPEAN COMPANIES CUT BACK OPERATIONS IN CHINA European businesses are having to “reduce, localize, and silo” their work in China because of the country’s deteriorating climate for investment, according to a glum report from the European Union (EU) Chamber of Commerce in China. The report—the group’s “most dark” since its founding in 2000, Chamber president...

2023 WILL FEEL LIKE A RECESSION EVEN WITHOUT ONE, IMF CHIEF SAYS
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2023 WILL FEEL LIKE A RECESSION EVEN WITHOUT ONE, IMF CHIEF SAYS

Even if the global economy somehow manages to avoid a recession, in 2023 millions of people around the world will suffer as if a recession has taken place, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), said in a 21 September Bloomberg interview. “Increased interest rates will bite and we will see the...

DRAGFLATION: WAR, SANCTIONS, RATE HIKES WILL CUT WORLD GROWTH
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DRAGFLATION: WAR, SANCTIONS, RATE HIKES WILL CUT WORLD GROWTH

The world economy will grow by 2.2 percent next year, the 37-member Organization for Economic Cooperation and Development (OECD) predicted in an updated forecast. The group trimmed growth forecasts for all so-called G-20 countries (the world’s richest), seeing only Indonesia growing faster than the rest, and then only modestly. China’s economic growth will slow to...

WHEN THE ECONOMY FALLS JOBS GO WITH IT
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WHEN THE ECONOMY FALLS JOBS GO WITH IT

Dragflation: Economic growth declining and inflation rising… plus the pressure of interest rate hikes that are drying up the cheap money pool are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses: Wells Enterprises will lay off 320 employees...

IT’S POLITICS: ONCE PROMINENT PROTESTOR LAMENTS LACK OF AN ANTI WAR MOVEMENT
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IT’S POLITICS: ONCE PROMINENT PROTESTOR LAMENTS LACK OF AN ANTI WAR MOVEMENT

Remember Medea Benjamin, the Code Pink anti war protester? You wouldn’t know it from the lack of media coverage, but she’s still around. Benjamin has opposed the multiple rounds of military funding for Ukraine, in the Russia-Ukraine conflict. She can’t galvanize enough protesters to fill a lobby these days, though, let alone the National Mall...

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