Republicans demand spending cuts…

WASHINGTON — The Republican-controlled House has planted the seeds for a debt-ceiling showdown, with Speaker Kevin McCarthy endorsing a push by his hard-liners to demand spending cuts as part of any extension of the country’s borrowing authority. The political divide …

READ MORE

Chipmakers Struggle With Inventory Buildup On Pandemic Demand Correction

https://finance.yahoo.com/news/chipmakers-struggle-inventory-buildup-pandemic-123442063.html Pandemic recovery, rising interest rates, a falling stock market, and recession fears have weakened consumer appetite for electronics. However, the industry expected chip sales to double by 2030, surpassing $1 trillion globally. Micron eyed a facility in upstate New …

READ MORE

Students at expensive New York university occupy campus, demand A-grades for everyone. They are also demanding no tuition increase until 2028 and that the university president’s house becomes “communal property.” And of course, “Attendance shall have no bearing on course grade.”

Let’s say you wanted to destroy a society Wouldn’t filling the professional class with entitled incompetent fucktards be a good move in that direction? Oh sorry, I mean EQUALITY! https://www.foxnews.com/media/students-expensive-new-york-university-occupy-campus-demand-grades-everyone   h/t Frog-Face11

EU Draft Energy Plan Includes Mandatory Power Demand Cut. Protests Start In Europe As Belgium Prime Minister Warns That The European Economy Will Come To “Full Stop” In A “Few Weeks”

🇪🇺 *EU DRAFT ENERGY PLAN INCLUDES MANDATORY POWER DEMAND CUT – BBG*EU DRAFT ENERGY PLAN INCLUDES LEVY ON FOSSIL FUEL COMPANIES — Christophe Barraud🛢🐳 (@C_Barraud) September 12, 2022 The Eiffel Tower will turn out its lights earlier to promote energy …

READ MORE

Real Supply Demand to Reopen Gold Window?

by Latifa Alkhanjary via Kinesis In this week’s Live from the Vault, Andrew Maguire is joined by CEO and president of Gold Express Mines, John Ryan, speaking on a succession of mining projects unearthing the US’ rich metal reserves. In such a turbulent inflationary environment, …

READ MORE

Total mortgage demand falls to a 22-year low, lower than in 2008. Big wave down coming as we head into midterms. Everyone will learn that you get out of the casino when you CAN get out, not when you have to.

Total mortgage demand hits 22 year lows. Yes that’s lower than 2008 pic.twitter.com/5Ke54ouwqC — QE Infinity (@StealthQE4) August 17, 2022 Bulls, the Fed minutes said the same thing this time as they said every other time this year. They are …

READ MORE

Food banks face inflation struggles with surging demand: ‘Never seen anything like this’

by Boo_Randy Do these food banks not understand that we have the “strongest economy ever” and we are not in a recession? https://www.foxbusiness.com/economy/food-banks-face-inflation-struggles-surging-demand-never-seen-anything-like-this Community FoodBank of NJ spending 40% more on yearly supplies, stretching donations with 20% more clientele