“Of course people are going to be laid off because of this”: US autoworkers react to the launch of Trump’s global tariff war

Within hours of the imposition of President Trump’s sweeping tariffs against the world, the impact was felt by autoworkers in North America, with the announcement of thousands of layoffs by Stellantis at plants in the United States, Canada and Mexico.

“Of course people are going to be laid off because of this”: US autoworkers react to the launch of Trump’s global tariff war

The decline of U.S. shipbuilding

US port fees on China built vessels would hit grain exporters

Maritime historian, professor, and YouTuber, Sal Mercogliano, who rose to mainstream fame with appearances on the CNN network a year ago on the Dali incident provided comments with a deep historical context.

He pointed to decisions in the time following World War 2 (late 1940s through the late 1970s), where: “…the United States allowed its merchant marine to remain stable, while global ocean trade grew exponentially.”

Read More »

PH: Net FDI hits over 4-year low of $368M in Sept, BSP reports

NET foreign direct investments (FDI) remained positive in September but were markedly lower compared to a year ago, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday.

“Investors often prefer safe-haven assets in advanced economies under these conditions,” he explained, adding that heightened geopolitical tensions and economic uncertainties may have also further dampened investor confidence globally.

Net FDI hits over 4-year low of $368M in Sept, BSP reports

Argentina bond market plunder explained

Argentina bond market plunder explained

4) Globalist puppet Milei slashes government spending and privatizes a whole lot of sectors. This is the neoliberal “shock therapy.”

Meanwhile, 54% of Argentinians are in poverty, consumer prices have tripled over the last year, the economy is in recession, and industrial production has been dwindling consistently.

Exactly as I predicted back in October 2023:

The vultures are ready to “make the economy scream” if Javier Milei wins!*

Inflation and interest rates: the US experience

Once again the US Federal Reserve is in a quandary. Does it cut its policy interest rate soon in order to relieve pressure on debt servicing costs for consumers and businesses and perhaps avoid a stagflationary economy (ie low or no growth alongside higher inflation); or does it hold its current interest rate for borrowing in order to make sure inflation falls towards its target of 2% a year?

Inflation and interest rates: the US experience

Pakistan’s misery continues

Pakistan has a general election today. It will decide on the next government of the world’s fifth-most populous nation and the governments of its four provinces — Punjab, Singh, Balochistan and Khyber Pakhtunkhwa. Around 128 million people can vote to pick 266 representatives to form the 16th parliament in a first-past-the-post system. They will also vote to elect the legislatures of the country’s four provinces.

Pakistan’s misery continues