Developments on the Turkish-Syrian border give serious grounds to suspect that Ankara is planning a military invasion in Syria, the Russian Defense Ministry said.
Credit Suisse shares plunged to a 25-year low after the bank slumped to its first annual loss since 2008 and said it would cut 4,000 jobs.
The number of Americans filing applications for unemployment benefits rose last week as employers continued to adjust staffing levels following the holidays.
The dollar posted its biggest two-day drop since March, extending a decline that wiped out its rally at the start of the year.
WEB Notes: Shipping is down, rail is down and trucking is down. That is a very clear sign the materialistic economy is in decline. I think we can attribute some of the trucking being down to less purchasing at local stores and more purchases with online retailers. It would be interesting to see how UPS, USPS and other mail carriers are fairing. Nonetheless, this would not answer the overseas shipping being at record lows.
WEB Notes: Healthcare is a serious topic. Virtualization of your healthcare is guaranteed and already being implemented in many aspects. Doctors are being outsourced and in the not to distant future I am sure we will be talking to a doctor in a foreign land so insurance providers can save a buck.
WEB Notes: How about this poor excuse for a president go to the middle east where our Christian brothers and sisters are being killed and tell them, “You fit in here”. That just would not quite go along with the agenda would it?
The restaurant industry has been unscathed by the economic slowdown. The meme is that Millennials like to spend their money on “experiences” – such as eating out, drinking at their favorite watering holes, and going places (and eating out) – rather than buying stuff, particularly stuff at brick-and-mortar stores.
A Syrian army source said the city of Aleppo would soon be encircled by government forces as rebels pounded by Russian air strikes expressed hope that the failure of Geneva peace talks would encourage their foreign backers to send better weapons.
Layoffs surged in January to the highest levels since July as employers in the retail and energy sectors pulled out the pink slips, according to a private survey out Thursday.