Independent thinking for complex markets and current events
"Bloodbath" of layoffs in mainstream media as 20,000 fake news activists must now learn to install drywall. What's driving it? A collapse of trust. A record 40% of Americans have zero trust at all in corporate media. Instead, Americans are turning to alt-media on X/Twitter,… pic.twitter.com/Mx0QVHgPFm — Peter St Onge, Ph.D. (@profstonge) February 5, 2024 …
Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country’s overall growth. That’s according to the International Monetary Fund’s latest staff report on China, completed in late December and released Friday. The prediction for a roughly 50% drop …
Paramount Global — the parent company off CBS, Paramount Pictures, Showtime, and numerous other media properties — is reportedly set to lay off “hundreds” of employees across nearly all of its divisions. The impending cuts represent the latest Hollywood bloodbath following layoffs at other corporations, including Disney, NBCUniversal, Amazon MGM Studios, and Universal Music Group. …
via wsws.org: UPS management is celebrating the new year with hundreds of job cuts. Day sort shifts are already being cut at the Centennial ground hub in Louisville and at the 81st street hub in Indianapolis. A day sort shift in Portland, Oregon was also briefly eliminated over the holidays before being reinstated. This is …
A rural village in southern France is in shock after a group of young delinquents from a deprived suburb attacked a village fete and killed a 16-year-old boy. The village of Crépol in Drôme was holding its “fete de village”, an annual or biannual celebration, on Saturday night with around 450 of the 500 residents …
by polloponzi Here is a round-up of the doom and gloom headlines that have occurred in one of the worst downturns in freight market history. 30,000 employees out of work when trucking firm Yellow shuttered 2/ pic.twitter.com/NdBSIIfIxE — Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) November 4, 2023 Nearly $500M in debt catches up to air cargo operator …
via naturalnews: For Wolf Richter, publisher of finance and econ site Wolf Street, the long-term treasury market is finally waking up from its delusion that the Fed is going to gradually cool inflation to its target of two percent. It is also finally admitting it cannot normalize interest rates after having spent 18 months believing in the …
General Motors shares tanked again Thursday as a possible issue with its airbags added to negative concerns over the auto workers strike for the limping legacy American automaker. Key facts The Wall Street Journal reported there are 20 million General Motors vehicles with airbag inflators that the government recommends recalling, potentially setting the company up …
America’s bank branch bloodbath laid bare: New Jersey sees highest proportion of bank closures of any US state – as firms like Wells Fargo and PNC abandon more than 1,000 locations. Is YOUR branch affected? 1,144 banks closed branches across the U.S. in the between January and July National banks including PNC and Wells Fargo …
The Philadelphia gunman who left five dead has been unmasked as a cross-dressing Black Lives Matter supporter who made chilling Facebook posts about ‘evil spirits.’ Kimbrady Carriker, 40, shot dead four men and a 15-year-old boy in the Kingsessing neighborhood on the eve of the Fourth of July. He is in custody and facing multiple …
It’s a bunch of kids out of college running the models Maybe they have a shot at figuring it out h/t B3stAuD1t0rofA11tiME
via dailymail.co.uk: Major banks are set to axe up to 20 branches in a single state this summer, as companies push digital banking services. New York residents will see Capital One, Citizens Bank and JPMorgan Chase close their doors in the next three months, making it more difficult for customers to access basic banking services. …