Article History
OECD report points to mounting global debt crisis
Via: Nerm_L • News Viners • 2 Comments • 1 Like • 48 minutes ago
“Across the 38-member organisation, interest payments on government debt are swallowing an ever-greater portion of government spending.”
Princes and paupers, Socialists all. Will the next crisis be default on sovereign debt at a global scale?
Global stock markets fall as new Trump tariffs loom
Via: Nerm_L • News Viners • 6 Comments • 2 Likes • 3 hours ago
“Threat of deepening trade war on eve of Trump's 'Liberation Day' spooks investors across US, Asia-Pacific and Europe”
Donald Trump has been in office 9 weeks. (More precisely, 70 days as of this writing.) The neo-liberal interdependent, rule-based world order built upon the principles of Free Trade could not survive 100 days of one politician with a Sharpie. There is no resilience in the global trade market....
Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy and higher inflation
Via: Nerm_L • News Viners • 15 Comments • 1 Like • yesterday
“Another wipeout walloped Wall Street Friday.”
The sky is falling! Run for the hills! The DOW has fallen back to where it was 6 months ago, OMG. The DOW is only 21,000 above the COVID pandemic low. And it's all Trump's fault. What will we do?
Ethically sourced "spare" human bodies could revolutionize medicine
Via: Nerm_L • News Viners • 6 Comments • 1 Like • 3 days ago
“Made by combining several emerging technologies, human "bodyoids" could reduce animal testing, improve drug development, and alleviate organ...”
This! This is why the Dept. of Health and Human Services must be gutted. This is why tens of thousands of FDA and CDC employees must be fired. Don't be fooled by the twangs on the emotional heartstrings or the overblown promises of a sci-fi future. What is being discussed here is nothing more...
Tesla’s No.1 rival is practically taunting Elon Musk now
Via: Nerm_L • News Viners • 9 Comments • 2 Likes • 4 days ago
“There are three letters keeping Tesla bulls up at night: BYD.”
It is amazing that US manufacturers depend upon the government intervention of trade restrictions to maintain market share on their own playing field. Maybe that's because the US automakers are focused on selling gimmicks instead of reliable, affordable vehicles. China has grown it's economy...
I'm a federal worker who commutes 15 hours a week after RTO. It's affected my marriage and social life.
Via: Nerm_L • News Viners • 21 Comments • 3 Likes • 4 days ago
“A federal worker thinks Trump's RTO mandate has affected their marriage, energy, and weekends.”
Yep, modern jobs are like that. There hasn't been job security in the labor market for decades. Employers view workers as an expendable commodity. Thank Bill Clinton for that. Notice that there isn't any mention of the work to be done? Workers aren't going to invest themselves into job...
What the White House and Kremlin said about the Trump-Putin call
Via: Nerm_L • News Viners • 2 Comments • 2 Likes • 2 weeks ago
“The White House says President Donald Trump and Russian President Vladimir Putin have agreed on an immediate ceasefire for energy and...”
Trump does it again! The minor accomplishment is that all sides have accepted the idea of a ceasefire and appear to be willing to negotiate terms of a ceasefire. Getting all sides to agree to talk to each other about the possibility of a ceasefire is a prerequisite for a peace process....
Wholesale egg prices have 'plunged.' Retail prices may follow
Via: Nerm_L • News Viners • 36 Comments • 1 Like • 2 weeks ago
“Prices in the wholesale egg market have fallen more than 40% since late February. It may take a few weeks for retail prices to catch up.”
The fearmongers better act fast before the crisis is gone. Next up on the play list will be whines about profiteering until the (high priced) retail inventory has been consumed. The whole crisis will be downplayed and forgotten in a matter of weeks, not months.