Soft..

 

DeFund..

 

Sue..

 

Ark..

 

Sanctuary city, refers to municipal jurisdictions, that limit their cooperation with the national government's effort to enforce immigration law. Leaders of sanctuary cities say they want to reduce fear of deportation and possible family break-up among people who are in the country illegally, so that such people will be more willing to report crimes, use health and social services, and enroll their children in school. 

In the United States, municipal policies include prohibiting police or city employees from questioning people about their immigration status and refusing requests by national immigration authorities to detain people beyond their release date, if they were jailed for breaking local law.^[1] 

"Sanctuary city" does not have a precise legal definition. The Federation for American Immigration Reform estimated in 2018 that 564 U.S. jurisdictions, including states and municipalities, had adopted sanctuary policies.

NYC declared an emergency.  Just a thought.

November..

 

What President Biden asked the Saudi to do doesn't fit with open Market, US policy, or anything related to his early decisions. Biden's Administrations proudly canceled Keystone XL pipeline, Nord Stream 2 pipeline in Germany and placed sanctions on Russian economy with an intention to destroy the stock market and Russian economy. 

That in turn, cause major energy problems in Europe that leading to Europe recession.

Opec decided to reduced oil production by 2 million Barrel/day, and in 3 more months they may reduce additional 1 million barrel/day.  Just a thought.

Rock..

 

Sink..

 

The International Monetary Fund on Tuesday reduced its outlook for global economic growth and warned that there are still challenges ahead, including high inflation, central bank tightening, the war in Ukraine and the lingering Covid-19 pandemic.

The financial agency said the global economy is “experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades.” Global growth is now projected to come in at 3.2% in 2022, down from 6.0% in 2021, while falling to 2.7% in 2023. The outlook is the weakest it’s been since 2001, the IMF said, except for during the global financial crisis and the initial phase of the pandemic.

“More than a third of the global economy will contract this year or next, while the three largest economies—the United States, the European Union, and China—will continue to stall,” the IMF said. “In short, the worst is yet to come, and for many people 2023 will feel like a recession.”

Help..

 

Social Security will soon announce the largest inflation adjustment to benefits in four decades a welcome development for millions of older Americans struggling to keep up with fast-rising living costs.

The cost-of-living adjustment for 2023 is likely to be around 8.7 percent, based on the latest government inflation figures. The final COLA, as the adjustment is known, will be released Thursday, when the federal government announces inflation figures for September. 

Medicare enrollees can anticipate some additional good news: The standard Part B premium, which is typically deducted from Social Security benefits, will decline next year. We have inflation which is ramped and basically caused by trillion of spending dollars, and attitude towards Energy companies and lastly the sanctions against Russia that caused terrible impact on Europe-USA- and poor countries.  

Just a thought.

Slash..

 

  

The US is the world's largest producer of oil, producing 18.9 million barrels of the fuel a day, per the Energy Information Administration. But the US is also the world's largest consumer of oil, so exports are limited.

By comparison, the de facto OPEC leader and major exporter Saudi Arabia produces 10.8 million barrels of oil a day but consumes just 3.2 million barrels daily, exporting the rest, the EIA said.

Dimon's comments came days after OPEC and its allies agreed to slash oil output, in response to a weaker global economy. The White House said US President Joe Biden was "disappointed by the shortsighted decision.

We really have no policy whatsoever. it is swinging back and forth depending. Oil production today replaced the Climate change- No drilling, No KeystoneXL pipeline last year.  The White house didn't care about the high prices of oil then. Now we want more oil, low prices as the elections are around the corner. Just a thought.

Tumbled...

 

The US dollar plays an outsized role in the global economy and international finance. And right now, it is stronger than it's been in two decades.

The simplest explanation comes back to the Fed.

The value of the UK pound, the euro, China's yuan and Japan's yen, among many others, has tumbled. That makes it more expensive for those nations to import essential items like food and fuel.

In response, central banks that are already fighting pandemic-induced inflation wind up raising rates higher and faster to shore up the value of their own currencies.

The dollar's strength also creates destabilizing effects for Wall Street, as many of the S&P 500 companies do business around the world. By one estimate from Morgan Stanley, each 1% rise in the dollar index has a negative 0.5% impact on S&P 500 earnings.