During Tesla’s first-quarter 2022 earnings call on Wednesday, Billionaire Elon Musk noted that “the official numbers actually understate the true magnitude of inflation,” citing some suppliers raising costs by as much as 30 percent for parts. In December, the billionaire founder of Pershing Square Capital, Bill Ackman posted in a tweet that official statistics understated raging inflation…
As Elon Musk Questions Inflation Numbers, Economists Say CPI Understates Inflationary Environment
101 Must-Know Retirement Statistics for 2022
I’ve been reading a ton about retirement, sounds like you too. The retirement statistics I’ve been reading are shocking. Retirement is a defining milestone in life that marks the end of one chapter and the beginning of another. Many people look forward to the end of their careers when they no longer have to work…
Bond Bashing Resumes, Euro Cheers Macron-Le Pen Clash
April 21, 2022
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Business & EconomycommoditiesCompanieseconomic policieseconomyEuropeglobalMarketsRussia-Ukraine WarstocksWorld
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LONDON—Bond markets suffered another sharp sell-off on Thursday as investors bet on aggressive global interest rate hikes, while the euro climbed after French President Emmanuel Macron bolstered his weekend re-election hopes in a heated TV debate. MSCI’s world stocks index mustered only a modest move amid the prospect of higher global borrowing costs, but Paris…
Excited Tots Welcome Their Dads
The best time of day is when dad comes home. …
Chip Shortage Leads Major Firm to Scavenge Semiconductors from Old Washing Machines
April 21, 2022
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Business & EconomychipCompanieseconomyInternationalInvestmentMarketssemiconductorUSUS Newswashing machineWorld
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The global semiconductor shortage has led a major industrial conglomerate to resort to buying up old washing machines and removing chips from inside for use in their own products, according to the head of a supplier of key technologies to chipmakers. Peter Wennink, the CEO of ASML, a company that dominates the global market for…
Propaganda Images Used by Communist Regimes to Indoctrinate Masses
With hundreds of millions of images posted on the internet or published in media across the world, have you ever considered if what you’re looking at is something genuine or just another piece of propaganda? In the era of fake news, there are instances where images are carefully crafted to create a false impression and…
UK Education Chief Rejects Call for Ban on Smacking Children in England
UK Education Secretary Nadhim Zahawi has rejected a call for a ban on smacking children, arguing the state should not be “nannying” people about how to bring up their kids. Earlier, Dame Rachel de Souza, the children’s commissioner for England, told Times Radio she would be “supportive” if the government decided to follow Scotland and…
UK to Extend Court Hours to Reduce Rape Case Backlog
Britain’s courts have been given carte blanche to open as long as necessary in order to clear a backlog of trials, including rape cases, which has meant that in some cases victims have had to wait five years for justice. Earlier this month the Home Affairs Committee published a report which showed the average number…
China’s Deflationary Debt Crisis
Last week the People’s Bank of China (PBoC) cut the overall required reserve ratio (RRR) by 25 basis points (bps). PBoC claimed officially that an amount of 530 billion Yuan or equivalently 83 billion USD capital would be released. This sounds a huge amount. Imagine, without any interest rate cut or extra money printed, such…
World Bank Chief Warns of Food Crisis Due to Russia-Ukraine Conflict
April 21, 2022
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Business & EconomycommoditieseconomyEuropefood crisisinflationInternationalMarketsRussia-UkraineRussia-Ukraine WarWorldWorld Bank
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The World Bank has warned of a “human catastrophe” from a food crisis that could see millions forced into poverty due to the full-scale invasion launched by Russian forces in Ukraine. World Bank president David Malpass told the BBC at the IMF-World Bank spring meetings in Washington that record food prices could see hundreds of millions…
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