#Tag
China’s power plant construction across Sub-Saharan Africa is driven primarily by domestic economic needs. Empirical studies show that idle industrial capacity in China, not diplomatic goals, is the strongest predictor of overseas energy financing.
For African nations, this offers a chance to address energy gaps by aligning projects with Chinese commercial interests and local development goals.
https://chinaglobalsouth.com/analysis/china-energy-investments-africa-power-projects/
Today, major French unions organized massive nationwide protest, leaving transport, schools, and other public services paralyzed.
The reason for protests are governmental planned €44B cuts in the next budget, with pensions, health, education, public sector at risk, while keeping planned militarization intact.
U.S. sees 5.7 million more childless women than expected, fueling a “demographic cliff” with 11.8 million fewer births over the past 17 years.
Capitalism’s nuclear family model is collapsing under its own contradictions. By commodifying childcare and fostering social alienation, it has made parenthood unsustainable for the working class. Yet capitalism’s survival depends on their reproduction. It's a crisis entirely of its own making.
Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year following months of intense pressure from the White House. https://www.japantimes.co.jp/business/2025/09/18/economy/fed-rate-cut-powell-jobs/?utm_medium=Social&utm_source=mastodon #business #economy #us #federalreserve #jobs #jeromepowell
Trump's energy secretary sees 'long-term' EU dependence on US wtih EU’s pledge to buy $750 billion of American oil, gas and nuclear over the next three years being a part of a general reset in global energy relations.
His message was at odds with that of the European Commission, which said on Thursday that Brussels sees the pact as a temporary measure.
https://www.euractiv.com/news/interview-trumps-energy-secretary-sees-long-term-eu-dependence-on-us/
The portion of unemployed people in the US who have been out of work for more than six months, which is considered “long-term,” rose to its highest share in over three years — to nearly 26%.
https://www.nytimes.com/2025/09/15/business/long-term-unemployment-college-grads.html
‘Farmageddon’: Many US farmers are warning they are at a breaking point.
https://edition.cnn.com/2025/09/16/us/video/farmers-arkansas-bankruptcy-trump-digvid
CNN
Japan’s exports fell for the fourth consecutive month as U.S. President Donald Trump’s tariffs continued to cloud the prospects for global commerce, especially for trade involving the United States. https://www.japantimes.co.jp/business/2025/09/17/economy/japan-august-exports-fall/?utm_medium=Social&utm_source=mastodon #business #economy #trade #us #tariffs #japaneseeconomy #cars #boj
Consumers in the top 10% of the income distribution accounted for 49.2% of total US spending in Q2, up from 48.5% in Q1, reaching the highest level in data going back to 1989.
reminds me of this gem https://elpidio.org/2018/02/12/citigroups-plutonomy-memo-there-are-rich-consumers-and-there-are-the-rest/
The strike by workers at Creamland Diary & supporters was successful 💪
After avoiding it for 3 months, the company sat down & negotiated fairly & transparently last week and they found common ground: https://www.kob.com/news/top-news/union-creamland-dairy-reach-labor-agreement-to-end-strike/
Overseas investors are slashing their dollar exposure at “an unprecedented pace” as they put on currency hedges when buying US stocks and bonds, according to a Deutsche Bank AG analysis of exchange-traded funds.
South Korea's Presidential Office said Tuesday that tariff talks with the U.S. are stalled, but President Lee Jae Myung is determined not to force companies to sustain losses by rushing to sign a trade deal. https://www.japantimes.co.jp/business/2025/09/16/economy/south-korea-trump-tariff-stalled/?utm_medium=Social&utm_source=mastodon #business #economy #us #trade #tariffs #donaldtrump#leejaemyung
A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve Gov. Lisa Cook — the first time a president has pursued such action since the central bank's founding in 1913. https://www.japantimes.co.jp/business/2025/09/16/economy/court-ruling-fed-lisa-cook/?utm_medium=Social&utm_source=mastodon #business #economy #us #federalreserve#lisacook #donaldtrump
"President Donald Trump has said foreign workers sent to the United States are 'welcome' and he doesn’t want to 'frighten off' investors, 10 days after hundreds of South Koreans were arrested at a work site in Georgia.
In a post on his Truth Social platform, Trump wrote: 'I don’t want to frighten off or disincentivize investment.'"
~ Agence France-Presse
#Trump #economy #manufacturing #jobs#SouthKorea#ICE #immigrants#Georgia
/7
https://www.theguardian.com/us-news/2025/sep/15/trump-foreign-workers-welcome-south-korea-arrests
"Analysts warned the [chaining and humiliating of hundreds of South Korean workers in Georgia] could undermine the Trump administration’s effort to attract foreign investment. The Georgia factory is being constructed with billions of dollars in investment from South Korean firms."
~ Maroosha Muzaffar
#Trump #economy #manufacturing #jobs#SouthKorea#ICE #immigrants#Georgia
/8
"President Donald Trump has said foreign workers sent to the United States are 'welcome' and he doesn’t want to 'frighten off' investors, 10 days after hundreds of South Koreans were arrested at a work site in Georgia.
In a post on his Truth Social platform, Trump wrote: 'I don’t want to frighten off or disincentivize investment.'"
~ Agence France-Presse
#Trump #economy #manufacturing #jobs#SouthKorea#ICE #immigrants#Georgia
/7
https://www.theguardian.com/us-news/2025/sep/15/trump-foreign-workers-welcome-south-korea-arrests
"Despite promising to stop inflation on day one, working- and middle-class Americans are still being squeezed financially as Trump cuts taxes for the wealthy and massive corporations. …
All of what we’re seeing from the Trump administration is a choice to put corporations ahead of caretakers, the wealthy ahead of workers, and the bosses ahead of the busboys."
#Trump #economy #tariffs#Republicans#BigBeautifulBill #jobs #manufacturing #inflation
/6
"As Trump talks about creating a historic manufacturing boom, the data shows he has lost tens of thousands of manufacturing jobs. As he touts an economy that’s working for American workers, Trump’s economy has more workers looking for a job than job openings for the first time since the depths of the pandemic."
#Trump #economy #tariffs#Republicans#BigBeautifulBill #jobs #manufacturing
/5
"This month, after another disappointing Jobs Report, President Donald Trump is once again looking around for someone to blame. There is no pandemic, despite RFK’s best efforts; no external supply shocks that Trump himself didn’t cause through his tariff regime. Donald Trump has spiked the baton he was handed by the Biden administration, and he has no one to blame but himself."
~ Julie A. Su
#Trump #economy #tariffs#Republicans#BigBeautifulBill
/4
https://www.meidasplus.com/p/this-jobs-report-is-the-trump-presidency
US tariff revenue hit a new monthly record in August, reflecting President Donald Trump’s tariff hikes, though that still left the federal government with the third-biggest deficit on record so far this fiscal year.
"Farmers in the rural region near the New York border say those stories are not unique.
'The whole thing is screwed up,' said John Painter, a three-time Trump voter who runs an organic dairy farm in Westfield. 'We need people to do the jobs Americans are too spoiled to do.'”
#Trump #economy #farmers #agriculture #NewYork #immigrants #deportations#ICE#MaskedThugs #labor #workers
/4
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