The U.S. government’s debt has reached $35.3 trillion, carrying an interest payment of $3 billion a day at current interest rates, according to Torsten Sløk, chief economist at private equity firm Apollo Global Management.
Tag: U.S. economy
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ECONOMIC UPDATE—MARKET OVERVIEW
As we have long forecast, the facts and data on Main Street mean nothing to the equity market gamblers that the mainstream business media call “investors.”
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SPOTLIGHT: BIGS GETTING BIGGER
The U.S. justice department has announced it will not oppose Alaska Airlines’ $1.9-billion takeover of Hawaiian Airlines on antitrust grounds.
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ZUCKERBERG BOWED DOWN TO BIDEN GANG TO FIGHT COVID WAR, RUSSIA INTERFERENCE BULLSHIT
Mark Zuckerberg, the head of Meta, said the Biden administration “pressured” Facebook to “censor certain COVID-19 content” and the Hunter Biden scandal and admitted that he regretted decisions the company made to keep the White House happy.
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PG&E POWER LINES IGNITE 62 CALIFORNIA WILDFIRES
PG&E, California’s largest utility, has acknowledged 62 wildfires in high-threat areas have been ignited by its disrupted power lines so far this year, compared with 65 in all of 2023.
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AMEX STOCK DROPS AS ANALYSTS WARN OF WEAK CONSUMER SPENDING
American Express’s share price shrank 2.8 percent on 21 August after Bank of America (BoA) analysts warned of weak consumer spending.
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GREEN FUEL STARTUPS FLAME OUT
Many ventures creating clean energy received funding under 2021’s Infrastructure Investment and Jobs Act but have been unable to sustain their momentum.
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STARTUPS’ FAILURE RATE SOARS
Over the past 12 months, business startups failed at a rate 60 percent higher than the 12 months prior, according to Carta, which provides services to young companies.
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GEN X: DUE TO RETIRE BUT CAN’T AFFORD TO
The oldest of the 65-million-member Generation X—born from 1965 to 1980—will turn 60 next year, putting them within sight of retirement age.