World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Category: Economic (page 1 of 195)

US, China Agree To Abandon Trade War

Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.

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US Treasury 10-Year Yield Breaks Out, Mortgage Rates Jump to Highest in 7 Years

WEB Notes: We all know, higher interest rates put negative pressure on the housing market. The housing market is at or past former highs. It is doubtful that the housing market will continue to boom as it has for the last several years. As always, time will tell.

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Feds Collect Record Taxes Through April; Still Run $385.4B Deficit

WEB Notes: The new regime is just as broke as the old one.

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The Average American Works More Than A Medieval Peasant

WEB Notes: It is no secret today’s society is all work and little play, at least for those who actually work. If you continue reading the article at the source they state in 2015 the average American worker put in 1,811 hours annually. That peasant from the 13th century only put in 1,620 hours. Think about that. Then all of you who work a straight 40, that amounts to 2,080 hours annually. I would love to see another article comparing taxes.

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95,745,000: Record Number Not in Labor Force as Boomers Retire

WEB Notes: Blame it on the Boomers. I like CNS, but they have too much bias here. During the Obama years we never heard of any excuses for the record setting labor force participation. But we get it today even though the Boomers have been retiring for 7 years now…

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Bank of Canada: 8% of Canadian Households Owe More Than 20% of the $2.1 Trillion in Debt

Canadian real estate debt hit a new high, and the news gets worse as they explain it further. The Bank of Canada (BoC) updated household debt numbers for March. In a speech this week, BoC’s Governor Stephen Poloz also gave further insights on the numbers. The record debt levels are concentrated in a smaller segment of Canadians.

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The Four Companies That Control the 147 Companies That Own Everything

There may be 147 companies in the world that own everything, as colleague Bruce Upbin points out and they are dominated by investment companies as Eric Savitz rightly points out. But it’s not you and I who really control those companies, even though much of our money is in them. Given the nature of how money is invested, there are four companies in the shadows that really control those companies that own everything.

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Argentina Raises Interest Rates To 40%

WEB Notes: Raising rates is one thing, raising them to this level is quite another. Further, there has been a 10% jump in the last week alone. Lump this in with a 15% inflation rate this year and Argentina is not headed for trouble, they are already there.

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Outraged California Parents Block Radical Elementary Sex Ed

Concerned parents have successfully fought against the implementation of a controversial new sex education program for elementary school children.

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U.S. Breaks Record, Borrows $488 Billion in the First Quarter

WEB Notes: No matter the person in the White House, the same result. The blessings of this nation have been squandered over and over again.

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Growing Concern: Foreign Investors Lose Some Hunger for U.S. Debt

Foreign investors’ appetite this year for U.S. debt hasn’t grown at the same pace as the government’s borrowing needs, which some analysts worry could push bond yields higher and eventually threaten to slow economic growth.

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$46,654: Annual Cost of Detaining Illegal Alien Exceeds Average American Income

The federal government paid a “bed rate” of $127.82 per day to house each illegal alien detained by Immigration and Customs Enforcement in fiscal 2016, according to ICE data published in a new report by the Government Accountability Office.

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