Thought for the day

"Instead of giving a politician the keys to the city, it might be better to change the locks." -- Doug Larson, English middle-distance runner who won gold medals at the 1924 Olympic Games

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Money Supply Growth In October Fell To A 39-Month Low: A Recession Is Now Almost Guaranteed alexmark Sat, 12/03/2022 - 20:27
Mark Zuckerberg (Meta), Andy Jassy (Amazon), and Larry Fink (BlackRock) issued bleak warnings about the US economy at yesterday's DealBook Summit. alexmark Sat, 12/03/2022 - 20:26
Apple plans to LEAVE China as COVID protests delay production of its products: Tim Cook could move factories to India and Vietnam after brutal lockdown at iPhone plant mean key deliveries won't arrive in time for Christmas malterwitty Sat, 12/03/2022 - 15:52
American Airlines is closing its San Francisco crew base and asking 400 flight attendants to leave California or leave the airline MikeRivero Sat, 12/03/2022 - 14:03

"Today it's with great regret that I let you know about our decision to close the SFO flight attendant base," American Airlines executive Brady Byrnes said in the September memo obtained by Insider.

In closing its San Francisco base, citing economic factors and shifting customer demand, American presented 400 flight attendants with a choice that many said felt impossible to make: leave the airline or leave the state.

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The United Kingdom is expected to release a report featuring some proposed steps for a central bank digital currency (CBDC) by the end of the year.

According to Tom Parker of Reclaim the Net, the Bank of England and the UK Treasury will be issuing the report. Sir Jon Cunliffe, the Bank of England’s Deputy Governor of Financial Stability, announced the release of the report at a recent speech titled “Reflections on DeFi, digital currencies and regulation.”

Home builders don't typically throw incentives at buyers already in backlog, but it's happening now. alexmark Sat, 12/03/2022 - 11:07

Investors already concerned about the state of commercial real estate -- as interest rates climb and the economy seems poised to slow -- got another worrying signal with a massive Blackstone real estate fund hitting its redemption limit.

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U.S. oil and gas sector activity advanced at a strong pace, although the rate of expansion decelerated in the third quarter, according to the Federal Reserve Bank of Dallas Energy Survey for the third quarter.

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Ahead of the Thanksgiving holiday, Dominion Energy Virginia disconnected electricity to, threatened to or forced a “smart” meter on more than half a dozen households across Virginia.

According to Virginians for Safe Technology, based in Fredericksburg, households are in Petersburg, Fauquier, Prince William, Fluvanna, Albemarle, Henrico and Spotsylvania counties. Customers swapped out their “smart” meters for analog meters, and now are left without electricity.

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