Heaviest rains in Beijing in 150 years.
Heaviest rains in Beijing in 150 years.pic.twitter.com/RdRVGsVnVh — Citizen Free Press (@CitizenFreePres) August 2, 2023
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Mississippi man sentenced to an additional 40 years for attempting to escape 4 months before his release
Pearl, Miss. — A Mississippi man was sentenced Monday to 40 years in state prison for breaking out of a correctional facility and holding three people at gunpoint last year, just months before he was to have completed a seven-year sentence. Shunekndrick Huffman, 21, pleaded guilty to two counts of kidnapping and a circuit court …
Hungarian Foreign Minister Says EU Expects To Fund War In Ukraine For Another Four Years …at a cost of €5 billion a year.
Hungarian Foreign Minister Says EU Expects To Fund War In Ukraine For Another Four Years …at a cost of €5 billion a year. ❗️FM Szijjártó: The European Union thinks that there will be war in Ukraine for another four years. How many people will die in four years? How many Hungarians will die in four …
European core inflation surpasses headline inflation for the first time in two years.
European core inflation has exceeded headline inflation for the first time in more than two years. https://t.co/oNoAGYzLD8 pic.twitter.com/MMHjcdvsmd — Lisa Abramowicz (@lisaabramowicz1) July 31, 2023
Over the next 30 years, the CBO projects interest to total $71 trillion.
Over the next 10 years, interest costs are projected to hit $10.6 trillion. Over the next 30 years, the CBO projects interest to total $71 trillion. Interest expense is expected to surpass defense spending in 2029, Medicare in 2046, and Social Security in 2051. 5/8 pic.twitter.com/Ssx9QlQoXy — The Kobeissi Letter (@KobeissiLetter) July 30, 2023 Update: …
LeBron’s School “I promise” Not One Student Has Passed State Math Test in 3 Years
Unacceptable “Not one? In three years?” Akron Public Schools board member Valerie McKitrick asked after that data point was presented to the board earlier this week.” Check out this story from Akron Beacon Journal: Akron school board questions I Promise School’s poor academic results At a meeting Monday, the Akron school board heard a presentation …
Ancient worms revived after 46,000 years
Scientists have managed to reanimate worms that were frozen for an estimated 46,000 years. Thought to have lived in the late Pleistocene era, a small group of the worms found 40 metres deep in the Siberian permafrost have been thawed out and revived. The worms are from the long-extinct species Panagarolaimus kolymaensis and were not …
Jill Biden’s ex-husband claims ‘Biden crime family’ has targeted him for years
First lady Dr. Jill Biden’s ex-husband slammed the so-called “Biden crime family” in a new interview — and claimed the powerful brood is targeting former President Donald Trump the same way they bullied him during his divorce almost 50 years ago. “Frankie Biden of the Biden crime family comes up to me and he goes, ‘Give …
The Last time Dow Jones Industrial Average had 13 green days in a row was the year 1987. ( Other years: 1970, 1929)
by DesmondMilesDant Why do those years sound so familiar… Oh right! 1929: The first crash of the Great Depression 1970: Dawn of Stagflation 1987: Black Monday Naw just has to be coincidence right? Right? Dow officially has the longest daily win streak since 1987. Ultra bullish. pic.twitter.com/3mLedordLU — Mac10 (@SuburbanDrone) July 26, 2023 13 straight …
Fed Hikes Key Interest Rate to 5-1/4 to 5-1/2 percent, Highest in 22 Years
via Mike Shedlock: As widely expected, the Fed hiked its base interest rate by a quarter of a point. It’s the highest in 22 years. This was the 11th consecutive increase since March 2022. FOMC Statement Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in …
US consumer confidence is soaring to a two-year high as a robust job market and easing inflation foster renewed optimism.
US consumer confidence is soaring to a two-year high as a robust job market and easing inflation foster renewed optimism. pic.twitter.com/hbr0xT2Agm — Quiver Quantitative (@QuiverQuant) July 25, 2023 https://finance.yahoo.com/news/consumer-confidence-hits-highest-level-in-two-years-155813210.html We shall see how confident many consumers are when student loan payments resume. My bet is that stores valuing low prices will be able to ride …
Ukraine’s contaminated territory requires 757 years for humanitarian clearance.
"Ukraine’s contaminated territory is so massive that some experts estimate humanitarian clearance would take the approximately 500 demining teams in current operation 757 years to complete." -> Cluster bombs are certainly not helping … pic.twitter.com/eFagL6MPeS — Lord Bebo (@MyLordBebo) July 22, 2023
US nonfinancial corporate net interest costs are the lowest in 60 years.
by bullsarethegoodguys Societe Generale Since the Federal Reserve began aggressively hiking interest rates last year, more and more economists warned that a US recession was imminent. But that recession has not yet arrived, and there’s no sign a recession is near even after reliable indicators like the inverted yield curve flashed red flags. According to …
The number of Americans who say they were rejected for a loan reaches highest rate in 5 years
by scott_jr Nearly 22% of all people who applied for a loan said they had been rejected as of June. That’s just shy of a rejection rate last seen in June 2018. The record rejection rate was just over 24% in October 2014. New York Fed researchers have been asking consumers about their access to …
Oregon Commies decriminalized hard drugs. 3 years later, democrats admit it was a massive failure.
Three years ago, while the nation’s attention was on the 2020 presidential election, voters in Oregon took a dramatic step back from America’s long-running War on Drugs. By a 17-point margin, Oregonians approved Ballot Measure 110, which eliminated criminal penalties for possessing small amounts of any drug, including cocaine, heroin, and methamphetamine. When the policy …
Are we supposed to ignore cumulative inflation? Prices have gone up 18%+ on average in 3 years
by pman6 People like to focus on YoY inflation compared to previous year, ignoring 2-3 years ago. Things went from relatively stable 2-3% yoy inflation prior to covid, to a quick jump during 2021-2023. So cpi July 2021 was 5% over July 2020, July ’22 was 9% over 2021. July ’23 will be 3% over …
Paris Housing Prices Extend Drop to Lowest Level in Four Years
Paris home prices slumped to the lowest level in four years as rising interest rates extended a downturn that gained steam during the Covid-19 pandemic. Asking prices in June decreased 4.1% from a year ago, falling to €10,936 per square meter — the lowest level since January 2019 — according to figures compiled by Le …
Shot Through The Heart (Of The Economy)? US Debt UP By Same Amount In Last 4 Years Than It Did In First 221 Years (Minsky Moment When $192 TRILLION In Unfunded Liabilities Hits The Fan
by confoundedinterest17 Shot through the heart (of the economy), and they’re to blame. The Fed and Congress give government a bad name. When I see the faces of Alan Greenspan, Ben Bernanke, Janet Yellen and Jerome Powell, all I think of is …. the Minsky Moment brigade! From Zero debt in 1776 to $21 trillion in …
Economy Minister Says the Ukraine Needs 4.5 Million Foreign Workers in the Next 10 Years
by Chris Black During the war, the Ukraine has lost almost half of its 40 million population (the figure is prior to Russia invading). Therefore, the obvious solution is to flood the place with immigrants. Kyiv Independent: Ukraine will have to attract additional 4.5 million employees to the labor market over the next 10 years …
Car insurance rates hit highest levels in 30 years due to more accidents, higher repair costs, bigger medical bills and increased litigation
via naturalnews: Rates of car insurance have hit highest levels in the past 30 years as cost of claims soared since the pandemic, due to more accidents, higher repair costs, bigger medical bills and increased litigation. The Wall Street Journal reported that many insurers have experienced significant losses over the last few years, which only means that premiums will continue to rise. …
Big pay raises for United pilots in ‘historic’ deal United Airlines will pay 40% over 4 years.
That minimum wage they wanted… Here is the result. Soon instead of pushing for $1/hr raises, it’ll be $50/hr increments. via NYT: United Airlines and the union representing its pilots said Saturday they reached agreement on a contract that will raise pilot pay by up to 40% over four years. History is repeating. WHO uses …
UPS Strike could be the most expensive in 100 years.
Hundreds of thousands of UPS drivers could go on strike by the end of the month, and the walkout could be the most expensive one in the U.S. in at least a century. That is according to a new analysis from the Anderson Economic Group, a Michigan-based think tank that specializes in the economic impact …
Over Dramatised! NASA: “North Americas Worst Disaster in 300 Years About To Happen in 2023!”
Nothing substantive and speculation at best outright bullshitting at worse https://www.youtube.com/watch?v=lgUX_cIgRdQ h/t Disenfranchised Godzilla1980
Credit Suisse inquiry will keep files secret for 50 years… what the hell?
“The investigation will focus on the activities of the Swiss government, financial regulator and central bank in the run up to the emergency takeover of Credit Suisse by UBS in March…” Source: https://t.co/odNH0FBcCI — Gold Telegraph ⚡ (@GoldTelegraph_) July 15, 2023 An investigation by a parliamentary committee into the collapse of Credit Suisse will maintain …
Biden plans to reduce air conditioning usage to combat global warming; 40% reduction in HFC consumption in next four years.
UPI reported: The Biden administration has announced plans to continue its reduction of hydrofluorocarbons, releasing a new rule that aims to cut the United States’ use of the greenhouse gases by almost half starting next year. Hydrofluorocarbon is a category of greenhouse gases used for refrigeration and air-conditioning as well as in a number of other …
Disney extends CEO Bob Iger’s contract through 2026, two years longer than planned
Source: https://www.cnbc.com/2023/07/12/disney-extends-ceo-bob-igers-contract-through-2026-two-years-longer-than-planned.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard As a non-shareholder, I just can’t help but cringe at Disney’s current situation. Everyone lauded Bob Iger until it became obvious all the guy knew was overpaying for existing IP. That style of “growth” blew up in his face with the recent Fox acquisition, and not having built up a strong successor. Flash forward …
2% inflation destroys 55% money value in 40 years.
So many think 2% inflation is fine. Here's what I'd love everyone to understand… In a 40 year working life:2% inflation destroys 55% of the value of your money.4% is 79% loss6% is 90% destruction THEFT! — Gary Brode (@Gary_Brode) July 11, 2023 Headline CPI set to tumble to 3.1% Y/Y in June from 4.0%, …