US inflation expectations eased significantly in July amid a sharp drop in gasoline prices and growing confidence that sharp increases in food and housing will be contained going forward. In particular, the New York Fed’s monthly Survey of Consumer Expectations showed that respondents expect inflation to run at a rate of 6.2% next year and […]
Tag: USA
Singapore: Prime Minister warns of ‘storm’ from miscalculations in US-China tension
Singapore Prime Minister Lee Hsien Loong warned today of a potential miscalculation in tensions across the Taiwan Strait, which he said were unlikely to ease soon amid deep suspicion and limited engagement between the United States and China. In a televised speech ahead of the city-state’s national day, Lee said Singapore will be hurt by […]
Republican had unauthorized access to election equipment, trying to prove Trump’s claims of voter fraud
The Republican nominee for Michigan attorney general led a team that gained unauthorized access to voting equipment as it sought evidence to support former US President Donald Trump’s false claims of voter fraud, according to an analysis of court documents and public records from Reuters. The analysis shows that people working with Matthew DePerneau, who […]
Gaza Strip: The Israeli army assures that it respects the truce
The Israeli military confirmed late Sunday that its latest strikes against the Palestinian Islamic Jihad group came minutes before the ceasefire took effect, retracting an earlier announcement. It initially said it struck positions of the Palestinian armed group a few minutes after the suspension of hostilities, which took effect at 11:30 p.m. (local and Greek […]
USA: The Senate passed the Biden plan for Climate and Health
LAST UPDATE: 23:53 After 18 months of negotiations and a night of marathon debates, the US Senate approved Joe Biden’s major climate and health plan, handing the US president a major victory less than 100 days before the midterm elections. With their own votes alone, Democrats approved the more than $430 billion program, which will […]
The largest percentage of Americans since 2008 believe the economy is getting worse
About 69 percent of Americans believe the U.S. economy is getting worse, the highest percentage since 2008, according to an ABC News/Ipsos poll, according to Bloomberg. Three months before midterm congressional elections, only 37 percent said they approve of President Joe Biden’s handling of the economic recovery, unchanged from June. The gloom comes despite strong […]
Xi Jinping’s Bet on Taiwan – What’s Behind China’s Unprecedented Escalation
Chinese President Xi Jinping may not have been able to stop Nancy Pelosi from visiting Taiwan, but he has ordered his country’s military to take a much more aggressive step, according to security experts: a blockade vital to seizing Taiwan by force. China’s military planners have long discussed a blockade of Taiwan, but until now […]
USA: The Ambitious Climate Change and Drug Price Reduction Bill
After 18 months of negotiations, the Biden administration’s climate change and medicare reform bill has begun to be debated in the US Congress. “This bill will fundamentally change the situation for American households and our economy,” promised the Democratic president of the United States, who came to power with big reform ambitions. The ambitious plan […]
US ‘supports Israel’s right to self-defense’ and calls for de-escalation
The United States fully supports Israel’s right to self-defense, the State Department said Saturday, urging all sides to avoid further escalation as Israeli airstrikes pounded Gaza and the Islamic Jihad group fired rockets at Israel. At least 24 Palestinians, including six children, have been killed and another 203 injured during Israeli attacks in the past […]
The specter of recession in the US and Europe
Of Costa Rapti “Principle of wisdom, names you visit”? Or just a play on words to embellish a difficult reality? The US economy is slowing down, but not in recession. At least that’s what the Biden administration claims, focusing on two economic indicators: the fairly good state of the labor market and consumer spending. On […]
