The cost of shipping goods from China has slumped to the lowest level in more than two years as the world economy stumbles, dimming prospects for container carriers that turned in record profits during the pandemic.
Economics
Bill Mitchell: Bank of Japan continues to show who has the power
1. It would better for the speculators to stop their futile attempts to profit from pressuring the Bank to raise rates and end its bond-buying program. 2. The Bank will not cede to this pressure, […]
Economics
Brussels Signal: US pharma in Ireland drives eurozone output surge
The Leprechaun economy strikes again Eurostat reported an 8.5 per cent monthly rise in non-durable consumer goods, which included pharmaceuticals — compared to a 1.9 per cent drop for durable goods. Read Article HERE
Austerity
Owen Jones: Food banks shouldn’t even exist. Don’t let them become the new normal
Unfortunately food banks are the new normal and not only in the UK. In most of the EU you will find food banks or the equivalent run by the Red Cross and other humanitarian organisations. […]
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