Americans should brace for a painful downturn, the billionaire has said
Amazon founder Jeff Bezos has warned that the US economy may be headed for a recession as surging inflation is causing too much pain.
He expressed this view while retweeting a CNBC interview with Goldman Sachs CEO David Solomon on Tuesday in which the banker warned that he saw a “good chance” of a recession in the US and advised business owners to be cautious and prepare for more market volatility as growth headwinds mount.
“Yep, the probabilities in this economy tell you to batten down the hatches,” Bezos wrote on Twitter in response.
The billionaire has joined a growing chorus of leading investors, executives, and analysts – including JPMorgan Chase CEO Jamie Dimon – who are sounding the alarm over what lies in store for the US economy.
Economists say that inflation remains a persistent problem for the US economy. The current inflation rate of 8.2% is the highest since 1981. Meanwhile, the core US consumer price index (CPI), which excludes food and energy, rose by a record 6.6% year-to-date through September, according to official data released earlier this month.
https://www.rt.com/business/564980-bezos-dire-warning-us-economy/
By PHILLIP NIETO, US POLITICAL REPORTER
GOP lawmakers have released a trove of new emails from pedophile Jeffrey Epstein, including the financier claiming to have compromising photos of 'dirty' Donald Trump.
The House Oversight Committee, which includes Trump loyalist and Florida Representative Anna Paulina Luna, published 23,000 pages of documents from the estate of the deceased pedophile on Wednesday after the Democrats released a selective batch of emails earlier in the day.
Republican and Democratic members of the committee are investigating Epstein.....more below
Gustavo Petro said that the US president’s actions don’t help stopping drug traffickers
Colombian President Gustavo Petro has denounced the US strikes on alleged cartel vessels in the Caribbean Sea as the Pentagon announced a new operation to fight drug traffickers.
In an interview with NBC News, Petro did not mince words when criticizing US President Donald Trump. “He’s a barbarian,” Petro said in excerpts aired Thursday. “He wants to frighten us,” he added.
The Colombian president did not rule out that some of the vessels hit by the strikes were linked to cartels. “Maybe or maybe not. We do not know,” he said, adding that, “According to due process, the civilized treatment of people, they should be seized and detained.”
Petro described the victims as “poor boatmen” hired by cartels. “Then when one.....more below
China’s innovation drive is reaching fever pitch in 2025. Let’s cut to the chase and focus on four crucial domains.
1.The Huawei Factor
Huawei is already testing its first, self-developed EUV lithography machine capable of producing 3nm chips. Trial tests are going full blast at the research center in Dongguan, and mass production should start in 2026.
It’s impossible to overstate how much of a game-changing paradigm this Chinese breatkthrough – specifically in laser-induced discharge plasma (LDP) - is
all about. It’s set to turn the seminconductor technology...more below
