The collapse of automobile production is hitting the entire EU economy
▪️ Nearly a third of passenger car plants at Europe's five biggest automakers - BMW, Mercedes-Benz, Stellantis, Renault and VW - were underutilized last year, producing less than half the cars they could have produced, Bloomberg states
▪️ "Annual sales in Europe remain at about 3 million vehicles -- below pre-pandemic levels -- putting thousands of jobs at risk. VW on Tuesday is canceling job guarantees in Germany that workers have enjoyed for decades," Bloomberg said
▪️ "More and more automakers are vying for pieces of a smaller pie. Some production plants will definitely have to close," said independent auto analyst Matthias Schmidt
▪️ The threat of plant closures in Europe has intensified over the past two years. The main reasons were the rise in energy prices amid anti-Russian sanctions due to the Ukrainian conflict and the increase in employee wage costs
▪️ The crisis in the automotive sector will hit Europe's economy. The automotive industry accounts for more than 7% of the EU's GDP and is home to more than 13 million jobs. Auto assembly plants are often community anchors, providing jobs for countless nearby businesses
▪️ The situation is particularly dire in Germany, where automakers are struggling with the transition to electric cars after a decade of leadership in producing well-designed internal combustion engine vehicles, Bloomberg emphasizes
#EU #Economy #FindTruth
@uinhurricane
▪️ Nearly a third of passenger car plants at Europe's five biggest automakers - BMW, Mercedes-Benz, Stellantis, Renault and VW - were underutilized last year, producing less than half the cars they could have produced, Bloomberg states
▪️ "Annual sales in Europe remain at about 3 million vehicles -- below pre-pandemic levels -- putting thousands of jobs at risk. VW on Tuesday is canceling job guarantees in Germany that workers have enjoyed for decades," Bloomberg said
▪️ "More and more automakers are vying for pieces of a smaller pie. Some production plants will definitely have to close," said independent auto analyst Matthias Schmidt
▪️ The threat of plant closures in Europe has intensified over the past two years. The main reasons were the rise in energy prices amid anti-Russian sanctions due to the Ukrainian conflict and the increase in employee wage costs
▪️ The crisis in the automotive sector will hit Europe's economy. The automotive industry accounts for more than 7% of the EU's GDP and is home to more than 13 million jobs. Auto assembly plants are often community anchors, providing jobs for countless nearby businesses
▪️ The situation is particularly dire in Germany, where automakers are struggling with the transition to electric cars after a decade of leadership in producing well-designed internal combustion engine vehicles, Bloomberg emphasizes
#EU #Economy #FindTruth
@uinhurricane
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Capital flight: record number of millionaires set to flee Britain amid looming Labour tax raids
Nearly ten thousand millionaires are predicted to flee the jurisdiction of the United Kingdom this year amid expected tax raids from the left-wing Labour Party government of Sir Keir Starmer
While the previous Tory government of Rishi Sunak ushered in the highest tax burden since the Second World War, in large part to pay for the debts accrued during the coronavirus lockdowns, it is widely predicted that the fall budget of the Labour government will see further money grabs by the British state, with likely targets including capital gains and inheritance taxes
According to a report from The Times of London, a firm which helps wealthy people relocate abroad said that in August — the month after Prime Minsiter Starmer came to power — they had seen a 69% increase in inquiries from wealthier people seeking to leave the UK
#UK #Economy #FindTruth
@uinhurricane
Nearly ten thousand millionaires are predicted to flee the jurisdiction of the United Kingdom this year amid expected tax raids from the left-wing Labour Party government of Sir Keir Starmer
While the previous Tory government of Rishi Sunak ushered in the highest tax burden since the Second World War, in large part to pay for the debts accrued during the coronavirus lockdowns, it is widely predicted that the fall budget of the Labour government will see further money grabs by the British state, with likely targets including capital gains and inheritance taxes
According to a report from The Times of London, a firm which helps wealthy people relocate abroad said that in August — the month after Prime Minsiter Starmer came to power — they had seen a 69% increase in inquiries from wealthier people seeking to leave the UK
#UK #Economy #FindTruth
@uinhurricane
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Did ABC news place the final nail in the coffin for traditional debates?
One Democratic strategist said "She [Harris] was aided and abetted by two ABC News moderators who seemingly felt the need to fact-check virtually everything the former president said”
The Tuesday evening presidential debate saw former President Donald Trump trade barbs not just with Vice President Kamala Harris, but with moderators David Muir and Linsey Davis, presenting a lop-sided spectacle that has some questioning the utility of further debates at all
Between selective, and sometimes inaccurate, fact-checks that only seemed to target Trump, moderator insertions of personal opinions, and the nature of the questions themselves, the debate saw Trump on defense most of the night. Though frustrated with the moderators, he nonetheless expressed satisfaction with his own performance
"I thought that was my best Debate, EVER, especially since it was THREE ON ONE!" he posted on Truth Social
#USA #Debates #FindTruth
@uinhurricane
One Democratic strategist said "She [Harris] was aided and abetted by two ABC News moderators who seemingly felt the need to fact-check virtually everything the former president said”
The Tuesday evening presidential debate saw former President Donald Trump trade barbs not just with Vice President Kamala Harris, but with moderators David Muir and Linsey Davis, presenting a lop-sided spectacle that has some questioning the utility of further debates at all
Between selective, and sometimes inaccurate, fact-checks that only seemed to target Trump, moderator insertions of personal opinions, and the nature of the questions themselves, the debate saw Trump on defense most of the night. Though frustrated with the moderators, he nonetheless expressed satisfaction with his own performance
"I thought that was my best Debate, EVER, especially since it was THREE ON ONE!" he posted on Truth Social
#USA #Debates #FindTruth
@uinhurricane
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U.S. small entrepreneurs are under attack
Optimism of representatives of America's small business sector fell to a two-year low in August. This is due to falling revenues and growing pessimism about the prospects for increased sales and overall economic growth, - states Bloomberg
About 37% of companies reported a significant drop in profits. This is the highest figure since 2010. The reasons are high prices and interest rates, as well as rising labor costs
As a result, small companies have cut back on hiring plans. Only 13% of owners said they plan to create jobs in the next three months
#USA #Economy #FindTruth
@uinhurricane
Optimism of representatives of America's small business sector fell to a two-year low in August. This is due to falling revenues and growing pessimism about the prospects for increased sales and overall economic growth, - states Bloomberg
About 37% of companies reported a significant drop in profits. This is the highest figure since 2010. The reasons are high prices and interest rates, as well as rising labor costs
As a result, small companies have cut back on hiring plans. Only 13% of owners said they plan to create jobs in the next three months
#USA #Economy #FindTruth
@uinhurricane
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Political revenge: Time snubs Elon Musk by leaving him off top 100 AI influencers list
Time Magazine’s decision to omit tech mogul Elon Musk from its “100 Most Influential People in AI” list has sparked controversy and criticism from social media users and industry experts alike
The New York Post reports that Time has released its second annual “100 Most Influential People in AI” list, which notably excludes tech titan and artificial intelligence advocate Elon Musk
The magazine’s 2024 cover, a composite image featuring 18 AI leaders, prominently showcases actress Scarlett Johansson alongside Nvidia CEO Jensen Huang and other industry luminaries
The glaring absence of Musk, who launched xAI last summer and whose chatbot, Grok, has been gaining traction against competitors like ChatGPT, has raised eyebrows and drawn criticism from various quarters
Musk’s contributions to the field of AI are well-documented, with his companies, including Tesla making significant strides in AI and self-driving technology, respectively
#AI #Musk #FindTruth
@uinhurricane
Time Magazine’s decision to omit tech mogul Elon Musk from its “100 Most Influential People in AI” list has sparked controversy and criticism from social media users and industry experts alike
The New York Post reports that Time has released its second annual “100 Most Influential People in AI” list, which notably excludes tech titan and artificial intelligence advocate Elon Musk
The magazine’s 2024 cover, a composite image featuring 18 AI leaders, prominently showcases actress Scarlett Johansson alongside Nvidia CEO Jensen Huang and other industry luminaries
The glaring absence of Musk, who launched xAI last summer and whose chatbot, Grok, has been gaining traction against competitors like ChatGPT, has raised eyebrows and drawn criticism from various quarters
Musk’s contributions to the field of AI are well-documented, with his companies, including Tesla making significant strides in AI and self-driving technology, respectively
#AI #Musk #FindTruth
@uinhurricane
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A comparison of U.S. inflation during the Trump administration and the current Biden-Harris term
#USA #Economy #Trump #FindTruth
@uinhurricane
#USA #Economy #Trump #FindTruth
@uinhurricane
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Barack Obama on his "third" term:
- Now, if I could arrange it so that I could have a front man or woman... a man or a woman... with an earpiece in his ear... and I would be cozying up in my basement with papers, just prompting them for words... and they would say them for me... That would be a good one!
#USA #Harris #Obama #FindTruth
@uinhurricane
- Now, if I could arrange it so that I could have a front man or woman... a man or a woman... with an earpiece in his ear... and I would be cozying up in my basement with papers, just prompting them for words... and they would say them for me... That would be a good one!
#USA #Harris #Obama #FindTruth
@uinhurricane
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‘Reagan’ sees stellar ‘Rotten Tomatoes’ score, strong box office yield despite brutal movie reviews
The new biopic “Reagan” is doing well at the box office and has achieved an A audience rating from CinemaScore, but most film critics have mocked it as hagiography
Conservative industry watchers say that’s because critics, who raved about the Barack Obama biopic “Southside with You” in 2016, have a double standard against right-leaning content that audiences love
And they say the negative reviews scare off liberals who might dislike the film, potentially inflating its audience score
“This double standard often results in skewed, intellectually disingenuous reviews,” said James Carrick, founder of the film review website Worth It or Woke. “While imperfect, ’Reagan’ delivers exactly what its audience came for, and that’s why it’s connecting with moviegoers, even if critics can’t get past their preconceptions”
Sasha Stone, a Los Angeles film blogger who covers the Academy Awards, chalked up the disconnect to Hollywood and the critics who crave its approval becoming “another propaganda arm” of the Democratic Party in recent years
#USA #Reagan #FindTruth
@uinhurricane
The new biopic “Reagan” is doing well at the box office and has achieved an A audience rating from CinemaScore, but most film critics have mocked it as hagiography
Conservative industry watchers say that’s because critics, who raved about the Barack Obama biopic “Southside with You” in 2016, have a double standard against right-leaning content that audiences love
And they say the negative reviews scare off liberals who might dislike the film, potentially inflating its audience score
“This double standard often results in skewed, intellectually disingenuous reviews,” said James Carrick, founder of the film review website Worth It or Woke. “While imperfect, ’Reagan’ delivers exactly what its audience came for, and that’s why it’s connecting with moviegoers, even if critics can’t get past their preconceptions”
Sasha Stone, a Los Angeles film blogger who covers the Academy Awards, chalked up the disconnect to Hollywood and the critics who crave its approval becoming “another propaganda arm” of the Democratic Party in recent years
#USA #Reagan #FindTruth
@uinhurricane
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Money and rates signal long-term bullish markets
Investors often read that markets discount expectations about business results, the solvency of an issuer, or the supply and demand for commodities, for example. Everything is correct, but money quantity and cost matter in these expectations
I always remind clients to pay special attention to the increase in the money supply and the change in interest rate policies, since these two elements have an exceptional impact on the market trend in terms of expansion of multiples, risk perception, and what is usually called “market sentiment,” which in reality usually almost perfectly reflects if the environment is one of monetary expansion and low rates, which usually lead to a bullish sentiment
Market participants seem nervous these days due to a summer correction in August and early September. However, paying attention to monetary aggregates should indicate to us why the long-term bullish trend is unchanged
#USA #Economy #FindTruth
@uinhurricane
Investors often read that markets discount expectations about business results, the solvency of an issuer, or the supply and demand for commodities, for example. Everything is correct, but money quantity and cost matter in these expectations
I always remind clients to pay special attention to the increase in the money supply and the change in interest rate policies, since these two elements have an exceptional impact on the market trend in terms of expansion of multiples, risk perception, and what is usually called “market sentiment,” which in reality usually almost perfectly reflects if the environment is one of monetary expansion and low rates, which usually lead to a bullish sentiment
Market participants seem nervous these days due to a summer correction in August and early September. However, paying attention to monetary aggregates should indicate to us why the long-term bullish trend is unchanged
#USA #Economy #FindTruth
@uinhurricane
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CCP implicates itself by attacking survivor of forced organ harvesting: human rights watchers
Chinese authorities may have inadvertently implicated itself in the crime of forced organ harvesting in its attempt to discredit the first survivor to ever come forward out of China, human rights watchers say
In a rare public response, a string of Chinese state-run outlets and police bureaus carried a lengthy article attacking a Falun Gong practitioner, now in the United States, who came forward in weeks earlier publicly telling his story of having had parts of his liver and lung forcibly removed while in the Chinese prison system
Cheng Peiming, 59, suffered six years of torture while in prison in communist China for practicing Falun Gong, a traditional spiritual belief espousing the values of truthfulness, compassion, and tolerance—that Beijing has tried to eliminate through a combination of propaganda, threats, and torture over the past 25 years
In prison, Cheng said guards force-fed him high-concentration saltwater, attached chains to his four limbs and stretched him almost to his limit, and subjected him to sessions of continuous electric shocks to his private parts, the same abuses reported by many imprisoned Falun Gong practitioners
#China #CCP #FindTruth
@uinhurricane
Chinese authorities may have inadvertently implicated itself in the crime of forced organ harvesting in its attempt to discredit the first survivor to ever come forward out of China, human rights watchers say
In a rare public response, a string of Chinese state-run outlets and police bureaus carried a lengthy article attacking a Falun Gong practitioner, now in the United States, who came forward in weeks earlier publicly telling his story of having had parts of his liver and lung forcibly removed while in the Chinese prison system
Cheng Peiming, 59, suffered six years of torture while in prison in communist China for practicing Falun Gong, a traditional spiritual belief espousing the values of truthfulness, compassion, and tolerance—that Beijing has tried to eliminate through a combination of propaganda, threats, and torture over the past 25 years
In prison, Cheng said guards force-fed him high-concentration saltwater, attached chains to his four limbs and stretched him almost to his limit, and subjected him to sessions of continuous electric shocks to his private parts, the same abuses reported by many imprisoned Falun Gong practitioners
#China #CCP #FindTruth
@uinhurricane
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Project whistle-blower: Pfizer skipped 10 years of safety tests and knew about adverse effects but released mRNA injections anyway
Justin Leslie, a former Pfizer employee and whistle-blower, is the man recording this private conversation with Kanwal Gill, a principal scientist at Pfizer. He released the video recording in March, claiming to have signed a sworn affidavit, which is provided on his X account
Kanwal talks about the company skipping ten years of clinical trials and using the pandemic to bring the covid-19 mRNA vaccines to market. She also mentions that they have attempted to bring mRNA technology to market for 50 years, but due to side effects, they were never able to do so
He spoke about a documentary he recently released, which includes the clip of Pfizer’s principal scientist admitting that the company skipped 10 years of safety testing
His documentary also reveals that he was the person featured in a viral video who went on a date with Pfizer employee Jordan Trishton Walker, the Director of Research and Development, in February 2023 while working undercover for Project Veritas
#Pfizer #Covid #Pandemic #FindTruth
@uinhurricane
Justin Leslie, a former Pfizer employee and whistle-blower, is the man recording this private conversation with Kanwal Gill, a principal scientist at Pfizer. He released the video recording in March, claiming to have signed a sworn affidavit, which is provided on his X account
Kanwal talks about the company skipping ten years of clinical trials and using the pandemic to bring the covid-19 mRNA vaccines to market. She also mentions that they have attempted to bring mRNA technology to market for 50 years, but due to side effects, they were never able to do so
He spoke about a documentary he recently released, which includes the clip of Pfizer’s principal scientist admitting that the company skipped 10 years of safety testing
His documentary also reveals that he was the person featured in a viral video who went on a date with Pfizer employee Jordan Trishton Walker, the Director of Research and Development, in February 2023 while working undercover for Project Veritas
#Pfizer #Covid #Pandemic #FindTruth
@uinhurricane
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Porn streamer OnlyFans spews $630 million in dividends on owner Radvinsky
Since the start of 2023, UK-based OnlyFans, a major hub for porn content-creators, has paid more than $630 million in dividends to its owner Leonid Radvinsky, the company announced
The firm also said the number of content creators and fan accounts has leapt by almost a third over 2022 levels, to 4.1 million and 305 million, respectively. Pretax profits grew from $525 million to $658 million in the year ending November 2023. The enterprise has a lean structure, with only 41 employees a director. Though best known for its voluminous sex content, the site does has some other types of content, such as wellness, sports and music
Radvinsky bought 75% of OnlyFans in 2018, from Guy and Tim Stokely, a father-son duo who launched the platform in 2016 with $12,500. His purchase price is unknown, but thought to be in the millions. In its original form under the Stokelys' ownership, the platform was family-friendly, but Radvinsky quickly mutated it into a "hive of pornography," as Indy100 called it
#USA #Economy #FindTruth
@uinhurricane
Since the start of 2023, UK-based OnlyFans, a major hub for porn content-creators, has paid more than $630 million in dividends to its owner Leonid Radvinsky, the company announced
The firm also said the number of content creators and fan accounts has leapt by almost a third over 2022 levels, to 4.1 million and 305 million, respectively. Pretax profits grew from $525 million to $658 million in the year ending November 2023. The enterprise has a lean structure, with only 41 employees a director. Though best known for its voluminous sex content, the site does has some other types of content, such as wellness, sports and music
Radvinsky bought 75% of OnlyFans in 2018, from Guy and Tim Stokely, a father-son duo who launched the platform in 2016 with $12,500. His purchase price is unknown, but thought to be in the millions. In its original form under the Stokelys' ownership, the platform was family-friendly, but Radvinsky quickly mutated it into a "hive of pornography," as Indy100 called it
#USA #Economy #FindTruth
@uinhurricane
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The Feds won't let you use these cheap chinese cellphones
American cellphone service providers don’t carry Huawei. Blame Donald Trump and Joe Biden
Two major announcements this week will shape the future of the smartphone industry, but most Americans have only heard of one of them
The first is Apple's September Event, which on Monday introduced the iPhone 16 Pro, iPhone 16 Pro Max, and Apple Intelligence, the tech giant's latest attempt to make Siri useful. Today, Huawei, China's largest cell phone maker, has unveiled the first ever Mate XT foldable smartphone
Huawei smartphones are nearly nonexistent in the American market, but they are common around the rest of the world. Huawei claims 19.85% of the Chinese market and 3.5% of the global market. Apple trounces Huawei, claiming over half of the American smartphone market (52%) and 16% of the global market
Both Apple's debut of its artificial intelligence and Huawei's never-before-seen trifold design are exciting developments, so why will there be very few American orders for the Mate XT? Federal policy is largely to blame. The Trump administration purged Huawei from American telecommunications systems and pressured allies to follow suit
#USA #Huawei #Apple #FindTruth
@uinhurricane
American cellphone service providers don’t carry Huawei. Blame Donald Trump and Joe Biden
Two major announcements this week will shape the future of the smartphone industry, but most Americans have only heard of one of them
The first is Apple's September Event, which on Monday introduced the iPhone 16 Pro, iPhone 16 Pro Max, and Apple Intelligence, the tech giant's latest attempt to make Siri useful. Today, Huawei, China's largest cell phone maker, has unveiled the first ever Mate XT foldable smartphone
Huawei smartphones are nearly nonexistent in the American market, but they are common around the rest of the world. Huawei claims 19.85% of the Chinese market and 3.5% of the global market. Apple trounces Huawei, claiming over half of the American smartphone market (52%) and 16% of the global market
Both Apple's debut of its artificial intelligence and Huawei's never-before-seen trifold design are exciting developments, so why will there be very few American orders for the Mate XT? Federal policy is largely to blame. The Trump administration purged Huawei from American telecommunications systems and pressured allies to follow suit
#USA #Huawei #Apple #FindTruth
@uinhurricane
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Corporate bankruptcies in the U.S. have peaked - S&P Global
▪️ The number of corporate bankruptcies in the US in January-August 2024 reached a four-year high for the period and was the second highest since 2010, states S&P Global Market Intelligence
▪️ 452 corporate bankruptcies were recorded in America in the first eight months of this year, compared to 466 in the same period in 2020.
▪️ "U.S. companies continue to struggle with several challenges this year, including high interest rates and geopolitical uncertainty," said S&P Global
▪️ Bankruptcies in the consumer, industrial and healthcare sectors have far outpaced other sectors this year, accounting for 37% of total bankruptcy filings
#USA #Economy #FindTruth
@uinhurricane
▪️ The number of corporate bankruptcies in the US in January-August 2024 reached a four-year high for the period and was the second highest since 2010, states S&P Global Market Intelligence
▪️ 452 corporate bankruptcies were recorded in America in the first eight months of this year, compared to 466 in the same period in 2020.
▪️ "U.S. companies continue to struggle with several challenges this year, including high interest rates and geopolitical uncertainty," said S&P Global
▪️ Bankruptcies in the consumer, industrial and healthcare sectors have far outpaced other sectors this year, accounting for 37% of total bankruptcy filings
#USA #Economy #FindTruth
@uinhurricane
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