Dwindling number of vultures

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

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

In the latest assault on cryptocurrencies, hackers stole nearly $200 million worth of ether and stablecoins from crypto bridge Nomad, outlets reported Tuesday morning . advertisement advertisement Over the course of the two-hour attack, Nomad’s holdings dropped from $190.7 million to just $651.54. In a tweet early Tuesday, Nomad said it had alerted law enforcement and recruited blockchain intelligence and forensics firms, and was “working around the clock” to trace and recover the funds. The hack underscores an ever-present fear in decentralized finance, which by principle, has limited recourse when such crises strike, as authorities cannot simply snatch back the funds. According to blockchain analytics firm Chainalysis, hackers bagged $3.2 billion in 2021 , and are on pace to match that number in 2022. Loot can sometimes be recovered if the perpetrator is identified and arrested, or if a bounty price is paid to restore the funds. But … [Read more...] about Hackers strike again: Crypto bridge Nomad loses $200 million in free-for-all attack

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

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 D​ifferences ​Between ​Marketing ​To​ M​illennials V​s​. ​Gen Z

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

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

Share to Twitter Share to Linkedin Topline The Biden Administration on Tuesday authorized changes to how the Jynneos monkeypox vaccine is administered so healthcare workers can obtain more shots from a single vial, as federal and local officials combat rising monkeypox cases and limited vaccine supplies. Key Facts The Food and Drug Administration issued an emergency use authorization Tuesday that says healthcare workers can use a strategy known as “dose sparing,” which involves injecting one-fifth of a normal vaccine dose intradermally—or into the skin—instead of a full dose subcutaneously, or underneath the skin into the fat. The move will increase the total number of monkeypox vaccine doses available by five fold, the FDA said, adding that now “more individuals who want to be vaccinated against monkeypox will now have the opportunity to do so.” The FDA first announced last week that it was considering the new strategy, with FDA … [Read more...] about Biden Administration Authorizes New Monkeypox Vaccine Dose Strategy To Stretch Supplies