LA Budget Crisis, Deficit Approaches $1 Billion, Layoffs ‘Nearly Inevitable’
Authored by Mike Shedlock via MishTalk.com,
Union contracts are at the heart of the problem. Chicago coming up.
Full Blown Crisis
Please note L.A. city budge…
Maritime Industry Warns USTR’s China Port Fees Could Sink U.S. Economy
By Mike Schuler of gCaptain
Major maritime industry stakeholders are voicing strong opposition to the U.S. Trade Representative’s proposed Section 301 actions targetin…
Boeing Will Build US Air Force’s Next-Gen Stealth Fighter Jet, Trump Announces
President Trump on Friday announced that the U.S. Air Force had awarded Boeing a contract to develop the U.S. Air Force’s next-generation fighter jet.
Trump …
European Chaos Is Back: EU Leaders Fail To Agree On Aid To Ukraine As German Debt Bonanza Blows Up PIGS Yields
For a brief moment there, it seemed that the performative threat of an “imminent invasion” by Putin would make the European Unio…
‘Vanlords’ Charging Up To $1,300 Rent To The Homeless Could Soon Be Curbed
Authored by Kiri Blakeley via realtor.com,
San Jose, CA, is cracking down on “vanlords,” whom city officials say are “bad actors” charging the homeless to live in …
Trump Effect: J&J Plans $55 Billion US Investment To “Accelerate American Innovation Engine”
The latest development in the US onshoring trend—spurred by President Donald Trump—is Johnson & Johnson’s announcement Friday morning of a massive…
Higher For Longer With Tariffs, Port Fees, And German Spending
By Maartie Wijffelaars, senior eurozone economist at Rabobank
As expected, the BOE left its policy rate unchanged at 4.5% yesterday. The guidance was left untouched as it cont…
Katz Threatens To Annex Territory In Gaza, Implement Trump’s ‘Voluntary Migration’ Plan
After days of a renewed aerial and (more recently) ground forces campaign in the Gaza Strip, which has already killed a reported nearly 600 Palestinian…
US Recession Risks Not As High As The Media Suggests
Authored by Lance Roberts via RealInvestmentAdvice.com,
U.S. recession risks have been a headline over the last few weeks as the markets sold off.
“Goldman Sachs and Moody’s Analytics…
What Ceasefire: European Gas Prices Jump After Ukraine Blows Up Key Gas Pumping Station In Russia In “Act Of Terrorism”
So much for that ceasefire.
European natural gas prices jumped after an attack on a pumping station in Russia’s Kursk …
