JUNE DELIVERS DECENT JOBS REPORT, WHICH MEANS THE FED IS GOING TO TRY HARDER TO DESTROY THOSE JOBS TO FIGHT INFLATION… CNBC HEADLINE AT 9:06 AM… Dow futures slide 200 points after strong jobs report likely to keep Fed in hiking mode Stock futures fell Friday after the July jobs report was much better than expected, showing a strong labor market that will likely mean more interest rate hikes from the Federal Reserve. Futures on the Dow Jones Industrial Average slipped 222 points or 0.68%. S&P 500 futures lost 1.05% and Nasdaq 100 futures shed 1.43%. The labor market added 528,000 jobs in July, easily beating a Dow Jones estimate of a 258,000 increase. The unemployment rate also ticked down to 3.5%, below the 3.6% estimate. Wage growth also ticked up more than estimated, up 0.5% for the month and 5.2% higher than a year ago, signaling that high inflation is likely still a problem. FLASHBACK… JUNE 13… WSJ: Higher Unemployment Rate Looms as the Fed Fights Inflation … [Read more...] about Editor Daily Rundown: EXCLUSIVE: Early Analysis Of June Jobs Numbers From EJ Antoni
Dwindling number of doctors
Editor Daily Rundown: Dem Circular Firing Squad Surrounds Biden
MORE PROOF GOVERNMENT LOCKDOWNS CRUSHED AMERICA… WSJ: Red States Are Winning the Post-Pandemic Economy The pandemic has changed the geography of the American economy. By many measures, red states—those that lean Republican—have recovered faster economically than Democratic-leaning blue ones, with workers and employers moving from the coasts to the middle of the country and Florida. Since February 2020, the month before the pandemic began, the share of all U.S. jobs located in red states has grown by more than half a percentage point, according to an analysis of Labor Department data by the Brookings Institution think tank. Red states have added 341,000 jobs over that time, while blue states were still short 1.3 million jobs as of May. Several major companies have recently announced moves of their headquarters from blue to red states. Hedge-fund company Citadel said recently it would move its headquarters from Chicago to Miami, and Caterpillar Inc. plans to move from … [Read more...] about Editor Daily Rundown: Dem Circular Firing Squad Surrounds Biden
Sri Lanka’s spiralling economic crisis dents its lucrative tourism industry
Sri Lanka, a popular destination for holidaymakers, should be teeming with tourists at this time of year. Instead, an unprecedented economic crisis and political turmoil have all but wreaked its tourism with about 40 per cent of the pre-bookings being cancelled recently. Tourism accounts for about 5 per cent of Sri Lanka’s Gross Domestic Product (GDP), with Britain, India and China being the main markets. Sri Lanka is facing its worst foreign exchange crisis after the COVID-19 pandemic hit the island nation’s earnings from tourism and remittances. According to the Sri Lanka Tourism Development Authority (SLTDA), the number of tourist arrivals decreased by 60 per cent in June. Director General of SLTDA Dhammika Wijesinghe said the situation had arisen due to the unprecedented economic crisis. As per SLTDA data, 106,500 tourists arrived in March 2022, but the number dwindled to 32,856 in June. Wijesinghe said July and August are the best months for tourism in Sri Lanka. … [Read more...] about Sri Lanka’s spiralling economic crisis dents its lucrative tourism industry
5 Differences Between Marketing To Millennials Vs. Gen Z
Share to Twitter Share to Linkedin Shutterstock When it comes to marketing to today’s young consumers, whether on Instagram or in traditional brick-and-mortar stores, brands are trying desperately to figure out what resonates. Millennials and Generation Z are both extremely digitally savvy. For this reason, they’re often lumped into the same category (strategically speaking). Brands looking to stay at the forefront of what’s “cool” tend to view millennials as nearly identical to their younger brothers and sisters who are members of Generation Z. However, while both millennials and Generation Z are digital natives, they do not consume the same sorts of content. Remember, millennials are those between the ages of 19 to 35, whereas Generation Z is composed of those between the ages of 11 and 18. To claim that what’s cool to a 31-year-old is the same as what’s cool to a 15-year-old doesn’t make much sense. They are entirely independent … [Read more...] about 5 Differences Between Marketing To Millennials Vs. Gen Z
As ‘Thor 4’ Tops $500 Million, 3 Reasons Marvel Is Now Playing Defense
Share to Twitter Share to Linkedin Thor: Love and Thunder crossed $500 million worldwide on Monday, bringing its domestic total to $239 million domestic. The film’s 68% second-weekend drop caused quite a bit of online handwringing, and proclamations of doom for the MCU. I was not a fan of Taiki Waititi’s Thor sequel, and its mixed (for Marvel) reviews and soft (for Marvel, including a B+ Cinemascore) buzz indicate that audiences weren’t high on it either. However, the film is still likely to A) be one of the biggest grossers of the summer and B) earn about as much as did Thor: Ragnarok ($712 million not counting China and Russia) in 2017. The overall MCU is no more on the precipice of doom than it was when Avengers: Age of Ultron jumpstarted discourse on superhero fatigue by only earning $459 million domestic and $1.405 billion worldwide. There are three factors at play. Disney+ threatens to de-eventize the MCU movies. First, things are being … [Read more...] about As ‘Thor 4’ Tops $500 Million, 3 Reasons Marvel Is Now Playing Defense
The U.S. Navy’s Future Fleet May Run Aground In Heavy Weather
Share to Twitter Share to Linkedin The sea is a tough place, and, given that stormy seas often damage ships and endanger sailors, the U.S. Navy has habitually worked to keep vessels out of harm’s way since 1944 . But over the past 30 years the Navy became so risk-averse that it has kept surface ships out of several “strategic-but-stormy” seas for decades. That retreat—and the general loss of sustained heavy-weather experience by the cost-conscious post-Cold War U.S. Navy—has had real consequences. As the memory of sustained, stormy weather operations faded under the weight of a tough anti-terror operational tempo, the number of U.S. sailors and other naval tastemakers who understood that battle in high seas demanded ships with particular sea-keeping features dwindled away. A troubling indication of that can be seen in Secretary of Defense Mark T. Esper ‘s February 27 letter to House Armed Services Committee Chairman Adam Smith, in which he argued for … [Read more...] about The U.S. Navy’s Future Fleet May Run Aground In Heavy Weather
American Support For Immigration Drops, Poll Finds, As Tensions Flare Over Migrant Busing From Texas To NYC
Share to Twitter Share to Linkedin Topline Support for immigration has hit a two-year low, according to a new Gallup poll released Monday, as a political battle heats up over Texas Gov. Greg Abbott’s strategy to send migrants from the Mexican border to Washington D.C. and New York City. Key Facts 27% of respondents said immigration should be expanded, marking a downward shift from a peak of 34% that supported increasing immigration in 2020 and breaking a 65-year steady rise in support for immigration, according to the poll of 1,013 people conducted between July 5 and July 26. 38% said immigration numbers should decrease, up from 28% in 2020, while 31% believe it should be kept at the present level. Meanwhile, opposition to expanding immigration, which had been dwindling since a high point of 65% in 1995, shot back up to 2016 levels (38%) in the new poll. Among Republicans, opposition to expanding immigration is up 21 percentage … [Read more...] about American Support For Immigration Drops, Poll Finds, As Tensions Flare Over Migrant Busing From Texas To NYC
Why You Should Consider Expanding Your Business With Caution as the Economy Weakens
Ron Pierce has one eye on expanding his information technology business and the other on something he can't control: the economy. "I'm not afraid to expand my company, but I realize that a recession may be coming and that any expansion could have me reducing my staff," says Pierce, owner of Trinity Solutions in Greensboro, North Carolina. But he's going ahead with his plans. Pierce wants to grow by buying other IT firms; he believes businesses will need his services, which includes helping them upgrade to new technologies and systems, whatever the economy is doing. A recession could make his expansion plans easier because prices for companies are likely to fall in a downturn. Many small businesses are expanding and plan to continue doing so even if the economy continues to slow. Some may not need to worry about a recession because their products and services are in great demand. IT companies like Pierce's are one example; another is businesses selling security and … [Read more...] about Why You Should Consider Expanding Your Business With Caution as the Economy Weakens
Editor Daily Rundown: Energy-Starved Europe Dims The Lights, Cuts The A/C
ENERGY-STARVED EUROPE DIMS THE LIGHTS, CUTS THE A/C… JAZZ SHAW: Lights out, cold showers in Europe We still see news coverage coming out of Europe issuing “warnings” about a possible energy crisis, spurred in part by the removal of Russian oil and natural gas from the European market. […] The President of the European Commission warned people this week that the time to start conserving and building stockpiles of oil and natural gas was yesterday. And it’s not just going to be Germany and Italy that are suffering. It will be the entire continent. […] Germany previously secured a third of its natural gas from Russia. That amount has been slashed in half and may fall to zero before winter arrives. The Germans are shutting off the heat to public swimming pools and showers. Public spaces with outdoor lighting are having a percentage of the bulbs removed. Thermostats in government buildings and public schools are being lowered. In the Netherlands, a new public program has been … [Read more...] about Editor Daily Rundown: Energy-Starved Europe Dims The Lights, Cuts The A/C
Can This App That Lets You Sell Your Health Data Cut Your Health Costs?
Americans could do with new ways to save on healthcare. Obamacare-administered plans are set to get more expensive by up to 50% this year amid uncertainty around federal subsidies that help pay for premiums. The cost of employer-sponsored insurance, meanwhile, continues to jump well above inflation . Many of us are hit with surprise medical bills we can’t afford . advertisement advertisement CoverUS , a startup, has one idea: monetizing our health-related data. Through a new blockchain-based data marketplace, it hopes to generate revenue that could effectively make insurance cheaper and perhaps even encourage us to become healthier, thus cutting the cost of the system overall. It works like this: When you sign up, you download a digital wallet to your phone. Then you populate that wallet with data from an electronic health record (EHR), for which, starting in January 2018, system operators are legally obliged to offer an open API . At the … [Read more...] about Can This App That Lets You Sell Your Health Data Cut Your Health Costs?