Biden has blessed Maada Bio to turn Sierra Leone into an autocracy from democracy
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Tag: prices
Postil Magazine: Our Interview with Seymour Hersh
Recently, Patrik Baab had the occasion to speak with award-winning investigative journalist and writer, Seymour Hersh. We are so very pleased to bring you this interview. [The views expressed remain those of Mr. Hersh and do not necessarily reflect those of the Postil].
Our Interview with Seymour Hersh
Economists expect US recession, above-target inflation this year
The United States will likely enter a recession this year and face high inflation well into 2024, a majority of economists predicted in their response to a semiannual survey.
Economists expect US recession, above-target inflation this year
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’
Import tariffs placed on more than US$300 billion worth of Chinese goods during the Trump administration increased US prices, according to a report from a bipartisan US trade commission, confirming a widely held view among analysts of trade and tariffs that they caused “self-inflicted harm”.
How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’
Michael Hudson: Why the US banking system is breaking up
Economist Michael Hudson responds to the collapse of Silicon Valley Bank, and explains the similarities with the 2008 financial crash and the savings and loan crisis of the 1980s.
Michael Hudson: Why the US banking system is breaking up
Sanctioning China Will Destroy The Dollar | America’s Ultimate Mistake
If the United States and its allies impose sanctions on China, this could be the greatest financial mistake in all of modern history. Unlike Russia, China is more resilient and has deeper ties across the global economy. Punishing China will likely backfire against the dollar and unleash a de-dollarization wave that could knock it off the reserve status. Here’s what you must know!
Sanctioning China Will Destroy The Dollar | America’s Ultimate Mistake via Sean Foo
Related:
One Year After Russia Mega Sanctions, Senate Asks ‘Can We Do Same To China”
America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage + manufacturing chips in the US could make smartphones more expensive
America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage
Another possible fix would be to keep people in the workforce longer, by raising the age at which workers can begin collecting Social Security or tapping into their pensions or 401(k)s. Yet Harry Holzer, a former US Department of Labor chief economist now at Georgetown University, says that neither feels politically feasible right now. Immigration has been a toxic issue in American politics for years, and Social Security has long been an untouchable entitlement. “None of that is doable,” Holzer says, which means “our labor force growth is going to continue to be modest.”
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How manufacturing chips in the US could make smartphones more expensive
Morcos says a top concern of his is the narrowness of the CHIPS Act. Without bringing related device manufacturing back to the U.S., such as device batteries, sensors, cameras, antennas, and hundreds of other components, the manufacturing process could require the most critical component to be produced stateside, then shipped overseas to be assembled with hundreds of other components into a device that is then shipped back to the U.S. for the American consumer.
Work longer, for less pay, and you still won’t be able to afford the latest smartphone or laptop?! 🤷🏼♀️
Washington gives secret bailout to companies accused of war crimes in West Asia
US lawmakers last year secretly authorized a bailout for weapons makers for unproven inflation burden as part of the record-breaking 2023 annual defense budget, which allotted over $800 billion for defense spending.
Washington gives secret bailout to companies accused of war crimes in West Asia
Thousands in Italy protest West’s weapons supplies to Ukraine as war enters 2nd year
Thousands of Italians have demonstrated across the country in Rome, Florence and Genoa against Western sanctions imposed on Russia and transfer of lethal military hardware to Ukraine, a day after the first anniversary of the Ukraine-Russia war.
Thousands in Italy protest West’s weapons supplies to Ukraine as war enters 2nd year
Video via World Politics
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Anti-NATO, Anti-EU, Anti-War, Protest Rallies Hit Germany, France, Italy
Ms. Cat’s Chronicles 
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