For the first time ever, the median rent in the U.S. topped $2,000 a month in June — and the increases show no sign of stopping.
Census Bureau: 3.8 million renters will likely be evicted in the next two months — why the rental crisis keeps getting worse
Tag: Loans
Calling a recession and blaming it on interest rates
The latest US GDP figures for second quarter of 2022 renewed the debate about whether the US economy was in a recession or not. Real GDP contracted in the second quarter of this year by a 0.9% annualised rate (or by 0.2% quarter over quarter). That meant the US economy had contracted for two successive quarters, and so ‘technically’ (by that definition) was in a recession. Real GDP is now up only 1.6% from Q2 2021. And business investment is slowing, up only 3.5% from this time last year, the slowest rate since the end of the COVID slump in 2020.
Calling a recession and blaming it on interest rates
‘EU may cut financial aid to Ukraine’
The funds promised to Ukraine by the EU have been delayed due to concerns over the bloc’s own economic troubles and infighting in Brussels, Bloomberg reported on Friday, citing people familiar with the discussions.
‘EU may cut financial aid to Ukraine’
H/T: THE NEW DARK AGE
Related:
EU Stalls on Ukraine Aid as Fears Spike of Gas Crisis at Home
The European Commission also committed in May to finance the bulk of the reconstruction of the country, which could amount to $750 billion, according to Ukrainian government estimates. That could prove an even thornier debate for the EU as there’s no agreement over how to raise the funds. The commission’s offer scared some member states, wary of the massive effort required to rebuild the country and potential corruption issues, people familiar with the discussion said.
…
EU economy commissioner Paolo Gentiloni told ministers during the closed-door meeting that national governments need to ensure that the economic response to the war’s fallout is strong enough to avoid the risk of fatigue among Europeans, an EU official said. Gentiloni told reporters on Thursday that governments have a “duty” to mitigate the impact of higher prices, in particular of the energy bills, on the poor.
Trying to ward off any more protests, huh?! 🤷🏼♀️
TRAILER PARK RESIDENTS TAKE ON VENTURE CAPITALISTS—AND WIN
The Paycheck Protection Program failed to support workers and small businesses
U.S. & EU Set to Spend Hundreds of Billions of Dollars on Ukraine
The U.S. Government, with virtual unanimity, view the war in Ukraine to be not so much Ukraine’s war with Russia, but actually as America’s war with Russia, and therefore as being the first direct battleground of World War III, which America will win at all costs.
U.S. & EU Set to Spend Hundreds of Billions of Dollars on Ukraine
RT: What is Russia’s Sanctions Survival Plan?
The launch of the military operation in Ukraine has drawn the ire of the US and its allies, who have hit Russia with unprecedented sanctions in order to destabilize the country’s economy and pressure Moscow into ending the conflict. Among the many penalties imposed on the country over the past month, its financial system, energy exports, and forex reserves have been targeted. However, hard times call for prompt response measures, and Russia has come up with a few.
RT: What is Russia’s Sanctions Survival Plan?
US plan to discredit Chinese investments unmasked
U.S. plan to discredit Chinese investments unmasked
IMF report suggests credit scores could soon be based on web browsing history
Dystopian future By Didi Rankovic | Reclaim The Net | September 21, 2021
The International Monetary Fund (IMF) has published the results of research conducted into how lenders are likely to be doing their business in the future, and what new information and personal data these companies plan to start asking from borrowers in order to determine their credit score.
IMF report suggests credit scores could soon be based on web browsing history
Ms. Cat’s Chronicles 
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