Article Snip: "...careful look at the labor market now will suggest that hiring has just ground to a halt...The problem is that the Fed badly misread how long high inflation would linger...In December, the core inflation print notched an annual 3.2% increase. "They've never missed in that direction by that magnitude ..."
Reference: www.businessinsider.comTuesday, January 23, 2024
The Biden Years | The US may have tiptoed around a recession last year, but it won't be so lucky in 2024
Tuesday, December 19, 2023
‘Unconscionable’: Baby boomers in America are becoming homeless at a rate ‘not seen since the Great Depression’
Article Snip: "...Many baby boomers across the country are now coming to terms with the hard reality that working for your entire adult life is no longer enough to guarantee you’ll have a roof over your head in your later years. ...the over-50 demographic represents half of the homeless single adults in the U.S. — with no sign of their numbers slowing, leaving baby boomers (those aged 57 to 75) particularly vulnerable. “Elderly homelessness has been rare within the contemporary homeless problem. We’ve always had very few people over 60 who’ve been homeless historically. ...older adults on fixed incomes are struggling to scrounge up what they need to cover basic necessities."
Reference: yahoo.comSunday, March 19, 2023
Riots erupt in France over retirement age increase
Title: Riots erupt in France over retirement age increase
Article Snip: "Prime Minister Elisabeth Borne of France invoked a special constitutional power to avoid having the lower assembly vote on the pension reform bill Thursday. ...The protests stemmed from Macron’s attempt to raise the age to receive a full pension following retirement in the country from 62 to 64 years old by invoking special constitutional powers that allow him to skirt the national assembly..."
Reference: www.foxbusiness.com