This week, the United States and its NATO allies pledged to increase their troop presence in Europe seven-fold, in order to prepare for what they called “warfighting against nuclear-armed peer-competitors”–that is, war against Russia and China.
Who will pay for Biden’s new “forever war”?
Related:
Glenn Hubbard’s WSJ Op-Ed: NATO Needs More Guns and Less Butter
Hubbard is a nonresident senior fellow at the right-wing think tank, American Enterprise Institute!
Ex-Treasury Secretary Larry Summers warned that millions of currently employed Americans must lose their jobs in order for the Federal Reserve to succeed in its bid to cool inflation.
Larry Summers warns unemployment must rise to cool inflation
Related:
Larry Summers Says US Needs 5% Jobless Rate for Five Years to Ease Inflation
Maybe he can ship some more jobs overseas [/sarcasm]?! I’d suggest shipping him, overseas, but I wouldn’t even wish that on my enemy!
Winners, losers in Xinjiang cotton row
For politicians with wide-ranging commercial interest in China, it really hurts. One named person facing China’s sanctions saw his family fortune dwindle by US$1bil as businesses linked to him are hit, according to social media posts.
…
According to media reports, Germany’s Adidas saw its share price plunge by over 6% on March 25. Adidas and US-based Nike saw their combined market value dissipate by more than 70 billion yuan or US$10.7bil. The market value of H&M; slumped by about 4.8bil yuan.
Delivery companies around the country are laying off at least 2,200 employees as Amazon ends contracts, including dozens in Minnesota.
— Read on https://webcache.googleusercontent.com/search?q=cache:https://www.bizjournals.com/twincities/news/2020/02/21/amazon-ends-delivery-firm-deals-resulting-in.html
Ms. Cat’s Chronicles 
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