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Economy

“Cost-of-Living Crisis Hits Sales of Food, Cars, Luxury Goods”

“…Nestle SA, the world’s biggest food company, cut its revenue outlook for the year on Thursday, while Unilever Plc reported sales that missed estimates and Jeep-owner Stellantis NV posted a plunge in profit. A day before, US appliance maker Whirlpool… Continue Reading…

Economy, Energy

“The Coming Electricity Crisis”

“President Biden and the press keep raising alarms about a climate crisis that his policies can’t do much about. Yet in the meantime they’re ignoring how government climate policies are contributing to a looming electric-grid crisis that is more urgent… Continue Reading…

Economy

“Chocolate prices to keep rising as West Africa’s cocoa crisis deepens”

“…Long the world’s undisputed cocoa powerhouses accounting for over 60% of global supply, Ghana and its West African neighbour Ivory Coast are both facing catastrophic harvests this season. Expectations of shortages of cocoa beans – the raw material for chocolate… Continue Reading…

Business

“Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giant”

“…The departures come as airlines and regulators have been increasing calls for major changes at the company after a host of quality and manufacturing flaws on Boeing planes. Scrutiny intensified after a Jan. 5 accident, when a door plug blew out… Continue Reading…

Economy, Personal Finance

“BlackRock’s Larry Fink sees Social Security crisis, says 65 retirement age ‘a bit crazy’”

“…Worsening the outlook is a Social Security system that has said it will not be able to pay full benefits by 2034… Fink said it is worth taking a look at when Americans are expected to start accessing Social Security… Continue Reading…

Economy

“…Denver’s migrant crisis threatens to overwhelm its compassion”

“…After more than 40,000 migrants arrived Denver in less than a year, city officials are now struggling to help both the new arrivals and serve their taxpaying residents amidst skyrocketing rents and an ongoing housing shortage. A self-described sanctuary city, Denver has… Continue Reading…

Real Estate

“Miami Pitches $2.5 Billion Bond to Stem Dire Housing Crisis”

“Miami-Dade County is seeking $2.5 billion to cope with one of the worst housing crises in the US. Mayor Daniella Levine Cava will propose the new, property tax-backed debt package to voters later this year, she said. The largest portion… Continue Reading…

Economy, Stocks

“…2/26/24 • KIRK ELLIOTT WARNS OF IMPENDING FINANCIAL CRISIS • INFOWARS”

Get ready for the crash. This is an opportunity of a lifetime. People who are positioned correctly will see immense profits. Those who are not ready will most likely suffer greatly.

Economy

“Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security”

“…Jamie Dimon says Washington is facing a global market “rebellion” because of the tab it is racking up, while Bank of America CEO Brian Moynihan believes it’s time to stop admiring the problem and instead do something about it. Elsewhere The Black Swan author Nassim Taleb says the… Continue Reading…

Banking, Economy, Real Estate

“China’s property crisis is starting to ripple across the world”

“Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market…… Continue Reading…