Daily Archives: July 19, 2022

2022-07-19: News Headlines

____ (2022-07-18). Graduates encouraged to look at jobs at grassroots. ecns.cn According to figures by the National Bureau of Statistics released on Friday, the surveyed unemployment rate of young people aged 16 to 24 was 19.3 percent in June. By comparison, the same figure for June 2019, before the pandemic hit, was 11.9 percent.

____ (2022-07-18). US$2 Trillion for War versus US$100 Billion to Save the Planet. transcend.org 11 Jul 2022 – The West is more fixated on spending social wealth on the military than addressing the climate catastrophe.

_____ (2022-07-17). Energy: The Recession Trigger? popularresistance.org There is confusion among mainstream economists and policy-makers on whether the major economies are heading for a recession, or are already in a recession; or will avoid one altogether. The majority view, at least in the US, is the latter. This optimistic view argues that, while inflation rates are high, they will start to fall over the next year, enabling the Federal Reserve to avoid hiking its policy interest rates too much to the point where it could restrict investment and spending. At the same time, the US unemployment rate is very low and the 'labour market' remains strong. Such a scenario hardly suggests a…

2022-07-19 21:54 | 17:54 EST | jz | 5 | 1 | 2 | 1 | 0