Independent thinking for complex markets and current events
‘OSAKA – A team of scientists led by a Japanese pharmaceutical startup has been working on a drug to stimulate the growth of new teeth in what would be a world-first, aiming to put it on the market by around 2030. Toregem Biopharma, funded by Kyoto University, is expected to begin clinical trials on healthy …
by Chris Black We are beginning to see a whole generation of young men entering their mid 30s with no jobs, no career or future. Young guys doing gig work just to make rent payments.. guys either living at their parents or still having roommates at 36yo. When will you wake up there are NO …
via NYP: Thousands of migrants who flocked to the Big Apple from the US border are making ends meet by working in the illegal underground gig economy — while enjoying the benefits of being shacked up at taxpayer-funded hotels and shelters. The Post spoke with 36 migrants over a five-day period, of which 65% said …
via YAHOO: Senator Josh Hawley has introduced new legislation that would cap credit card interest rates at 18% in a move he hopes is “fair, common-sense, and gives the working class a chance.” The “Capping Credit Card Interest Rates Act” — introduced by Hawley on Sept. 12 — comes shortly after U.S. consumer credit card …
Pain at the pump as gas prices hit the HIGHEST seasonal level in a decade: Average price stands at $3.811 a gallon The national average for a gallon of gasoline stands at $3.811, AAA data shows The move is significant as it comes at a period when prices historically decline Data shows 2023 to by atypical …
More Americans Are Having A Hard Time Paying Their Big Credit Card Bills. “This raises an important question: what happens when consumers max out their credit cards?” Since price inflation took off in the wake of pandemic-era stimulus, Americans have blown through their savings and run up their credit cards to make ends meet. Now they’re …
NEW — Target Posts First Quarterly Revenue Miss In Six Years, Citing Inflation and Consumer Boycotts “Target CEO Brian Cornell pointed to macro pressures including inflation for tempering sales but also ‘negative guest reaction to our pride collection’…The last time Target’s… pic.twitter.com/j7beojNROF — Chief Nerd (@TheChiefNerd) August 16, 2023 Target Sales Dipped in Last Quarter …
The Democratic Party of my youth was the party of the poor and working class. Today it is the party of the wealthy elite. 70% of American wealth is owned by Democrats vs 30% by Republicans. 9 of 10 wealthiest counties are Democrat. https://t.co/8q18rv6SUu — Robert F. Kennedy Jr (@RobertKennedyJr) August 10, 2023 I am …
Claim: Bidenomics is working because prices are going down. “Bidenomics is indeed working when – when we say that — you look at the data, right? Cost is going down, right? We think about inflation,” White House press secretary Karine Jean-Pierre said in an interview this week. Verdict: False. In general, products and services purchased …
‘An Australian woman was fired from her job after 18 years when her boss used keystroke technology to check how much work she was actually doing. One of the biggest insurance companies in Australia had a claim of unfair dismissal made against them rejected after it was judged that there was a ‘valid reason of …
by confoundedinterest17 “Bidenomics is indeed working!” claims Karine Jean-Pierre. “Cost is going down … wages going up, that is Bidenomics.” Excuse me Karine. REAL weekly earnings growth remains negative as inflation outpaces weekly earnings growth. As of Q2 2023, REAL median weekly earnings growth is a dismal -3.57% YoY. And if you are black, Bidenomics …
Credit card balances jumped in the second quarter and are above $1 trillion for the first time. “The Fed’s measure of credit card debt 30 or more days late rose to 7.2% in the second quarter, the highest rate since the first quarter of 2012.” Credit-card balances surpassed $1 trillion for the first time last quarter, …
via Mike Shedlock Employers are hiring like mad, but employees are working fewer hours in most job categories. Average weekly hours from the BLS, chart by Mish Weekly Hours Then and Now Manufacturing Production 41.5 Then, 40.6 Now Manufacturing 40.5 Then, 40.1 Now Construction 39.0 Then, 38.9 Now Total Private 34.4 Then, 34.3 Now Retail …
NEW ORLEANS (AP) – A McDonald’s franchise that controls 12 restaurants in metro New Orleans violated child labor laws and has hired more than 80 minors in two states, the U.S. Department of Labor said Tuesday. CLB Investments LLC in Metairie employed 72 workers who are 14 and 15 years old — allowing them to …
He still doesn’t get it! Tone deaf Anheuser-Busch CEO won’t rule out Bud Light working with Dylan Mulvaney AGAIN – and then says firm needs to ‘appreciate’ what the consumer wants – despite debacle costing firm $20 BILLION and counting US CEO Brendan Whitworth refused to say if the company would work with Mulvaney again …
by Chris Black This literally means perpetual war in the blackhole that is the Ukrainian government, one of the most corrupted in the world. I don’t even know what that means: "We will make clear that Ukraine's future is in NATO" – @jensstoltenberg pic.twitter.com/wte3gotoBL — Anton Gerashchenko (@Gerashchenko_en) June 14, 2023 https://twitter.com/USNATO/status/1669312527631523843 Granted, a “NATO …
by BoatSurfer600 Microsoft ’s co-founder Bill Gates will be meeting Chinese President Xi Jinping on Friday, Reuters reported Wednesday citing two sources familiar with the matter. The meeting will be Xi’s first with a foreign CEO in recent years, the report said, as the Chinese leader stopped travelling overseas for almost three years after China …
Without demographics can it ever recover pic.twitter.com/2GkWQ5sEFN — Darth Powell (@VladTheInflator) June 6, 2023 We have 1.3m homes per year coming to market vs 350k net working age adults. Who's going to buy all these houses? pic.twitter.com/IrtD892kDG — Darth Powell (@VladTheInflator) June 6, 2023
