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Economy

“61% of Americans are living paycheck to paycheck — inflation is still squeezing budgets”

“As of July, 61% of adults still said they are living paycheck to paycheck, according to a new LendingClub report, slightly more than last year’s 59%… Now, 78% of consumers earning less than $50,000 a year and 65% of those earning between… Continue Reading…

Banking, Economy

“UK Money Supply Stops Growing in Possible Recession Warning”

“Britain’s broad money supply has stopped growing for the first time in at least 13 years, a reading that will deepen concerns among monetarists urging the Bank of England to show restraint in its battle against inflation… King warned in… Continue Reading…

Economy

“U.S. job growth slowed sharply to 177,000 in August, below expectations, ADP says”

“…The firm reported Wednesday that private employers added 177,000 jobs in August, well below the revised total of 371,000 added in July. Economists surveyed by Dow Jones were expecting 200,000 jobs added in August. ADP also reported that pay growth… Continue Reading…

Banking, Economy

“The Bank of England is facing major losses on its bond purchases — and it’s set to get much worse”

“…In late July, the central bank estimated that it would require the U.K. Treasury to backstop £150 billion ($189 billion) of losses on its asset purchase facility (APF)… Raja concluded that the cost to the Treasury of indemnifying the central bank over… Continue Reading…

Economy

“Billions of dollars are flowing out of Chinese markets in a ‘seismic’ change in capital flows despite a flurry of actions to shore up confidence”

“…Despite the moves, foreign investors continue to flee Chinese markets. With Beijing cracking down on foreign consulting firms amid tensions between the U.S. and China and repeatedly requiring investment firms to avoid selling stocks when markets look shaky, investors seem increasingly nervous about the… Continue Reading…

Banking, Economy

“6 new nations are set to join BRICS. As the G7’s political counterweight grows, is the dollar at risk to a new rival?”

“On the final day of the annual BRICS summit in Johannesburg on Thursday, leaders of the group announced Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates (UAE) will join their ranks starting Jan. 1… But Gregory Daco,… Continue Reading…

Economy

“Hawaii wildfires caused up to $6 billion in economic losses, Moody’s estimates”

“…The catastrophic wildfires in Maui, Hawaii, have caused between $4 billion and $6 billion in economic losses, according to an estimate by Moody’s RMS on Tuesday… The wildfires are the worst disaster in Hawaii state history. At least 115 people… Continue Reading…

Economy

Say No To Mask Mandates and Returning government lockdowns.

Ok It seems like a problem is arising that will severely harm all of us. This must be stopped ahead of time. I’m going to make it my mission to make sure this garbage never happens again. Our country can’t… Continue Reading…

Economy

“Should we wear masks again? Covid guidelines experts recommend”

“The uptick of Covid transmissions this summer has raised questions about whether or not certain safety measures such as wearing masks should be brought back…” https://www.independent.co.uk/life-style/covid-mask-guidelines-eris-variant-b2395530.html No! We should not. The Mask mandates and lock downs destroyed the economy. If… Continue Reading…

Economy

“COVID masks are back as Canadian wildfires fill skies with smoke”

“Just when it seemed safe to unmask, some Canadians are donning the face coverings made ubiquitous during the coronavirus pandemic as a protection against hazardous smoky conditions as wildfires ravage much of the country. Canada is seeing its worst-ever start… Continue Reading…