Wow more jobs will be lost.

More Than 50,000 US Stores Will Close By 2027 According To UBS

https://www.zerohedge.com/markets/more-50000-stores-will-close-2027-according-ubs #unemployment #jobs #economy #somee #sme #news #neoxian #cent

America may now be entering the part of the #inflation cycle nobody likes. The feeling of prosperity cultivated by COVID stimulus payments, expanded unemployment benefits and student loan forbearance is wearing off.

INTRODUCTION


Greetings everyone and welcome to my post.

The world has been automated in he sense that everything these days can be gotten with just a click. Pressing a button could destroy a country and pressing a button could also repair a country.
[Img src](https://www.pexels.com/photo/facebook-application-icon-147413/)
Humans have passed through many stages throughout existence and this stage is another phase in the history of humans which have made us digitalized and powerful. Everything could be accomplished with just a phone, that's how far technology has gotten us.

Apps are one important aspect in the era of technological development as it helps make things very much easier, faster, as well as it entertains us and help us meet new people. Through apps, we could order things only while sitting on our couch, we could sponsor anything of our choice and we could work from home, just as how hive have made it easier for us.

Before I go into answering the first question of this contest, I am a person who loves charity. Irrespective of how bad I can be, I don't play with helping others in any way I can and that's why I am a nurse. Nurses are great, but "with great power comes great responsibility."


WHAT APP WILL YOU CREATE?


If I were to create an app, I will create an app which will be used for affiliating the importance of charity and in that app, there will be a space for charitable donations.
Yeah

WHY THAT PARTICULAR APP?


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I have been opportuned to live in the northern and eastern part of Nigeria my country and well, from the things I have seen so far, I wouldn't want the nation to continue like that. There was a day I was walking through the streets of Jabi in Abuja Nigeria, the homeless people I saw there made me motivated to become great in life. Not that I am dodging from being like them, but because I want to help being out some of those persons from the streets, and impact my values and views about charity in them, so that they can carry on with it and still bring other persons from the streets and still impact that same value to them and so on.
On this note, charity is hard these days because of distance, and some other factor. However, making use of the importance of technology, donations could reach even the deepest forest through this app and many people will be happy and lead a good life filled with joy. Charity could be in any form, but financial charity backed up with teaching a new skill, could take a person to the farthest extent there is.

WHAT GOOD WILL THE APP DO?

This app will go on its way to fund diverse charity organizations into moving and helping many unprivileged people out there.

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In my country, the rate of unemployment is as high as the sands of the beach, but with this app, both skills and financial charity could be rendered to many people out there, thus reducing the rate of corruption and joblessness, thereby increasing the rate of self employment and employment as a whole.
In conclusion, Charity could help uplift a nation, according to Darrman, "the kindness you out into the world, has a way of returning to you" and as such, putting a little kindness into this world, will help in its way to elevate the positivity in a persons heart, thereby reducing future negativities.
Thank you for reading through.
Please, I will love to use this medium to invite us to a Hive growth initiative(HGI) organized by boss @bitcoinman.

You can join the discord channel through this link below.
https://discord.gg/G47Pgmwv
Thank you alot.. I really appreciate.

California's recent decision not to pay back some $20 billion borrowed from the federal government to cover unemployment benefits during the pandemic will fall on the shoulders of employers, according to experts.

We must continue to kidnap and cage people for a plant to keep dog unemployment down....

Inflation will take 2 years to fall below 2% and that will lead to higher unemployment over 4% - US Fed official John Williams.

#somee
#binance
#inflation
#bitcoin
#crypto

As more and more Americans are living financially stressed lives and paycheck to paycheck 70% and 58% respectively, we are seeing a sharp rise in people who owe more on their cars than they are worth.

I made a post earlier speaking on the unemployment crisis that will be happening over the next year.

If we are witnessing this amount of people who can't afford their cars now what will happen when they lose their jobs and cars?

Over the next 12 years, the government also wants to have 67% of cars on the road be EV cars, trucks, and SUVs that cost significantly more than combustion engines and break down quicker?

Noting all of these what is your conclusion to car ownership in America over the next 20 years.

General Motors math while laying off 5000 workers.

We can keep them and lose 2 billion, or fire them and save 1 billion.

This is insane people and with these companies schemes to pay 1-year severance packages. If they can't find a job in a year 2024 a presidential election year we will see a major recession as many companies are looking at decreasing their employment roster.

With unemployment being a laggy indicator this severance will cause it to lag harder and the rise in unemployed to hit with a greater rate of change.

https://m.youtube.com/shorts/6-TkR1Uo7xM
#economy #money #jobs #inflation

Brace Yourself for Bidenflation on Steroids: The Battle of UBI vs Reparations
Democrats in US cities are implementing Black Panther-inspired guaranteed #income programs or reparations for historic racism. Welfare experts say the programs are too costly for federal funding. Beneficiaries pay for food, utilities, education, and transportation. Naturally, the policies raise #taxes, #inflation, #poverty, and #unemployment. https://youtube.com/shorts/l0NxL0D1pP4 #inflation #biden #someeofficial #cent #sme #vyb #oneup #hbit #leo #leofinance

It’s a sure bet that as the economy worsens, unemployment surges, foreclosures rise, defaults climb, and economic misery ensues, we’ll be told it’s all capitalism’s fault. The question one must ask, however, is, “What capitalism?”

Today's inflation numbers are good news for the economy, and a sign of progress. President Joe Biden says. After years of stagnant growth, we're finally seeing signs that our country is on the upswing.

The Consumer Price Index (CPI) rose 4.2% over last year’s figures—the largest annual increase since 2008—and this indicates that consumer prices across the board have grown significantly in recent months due to increased demand from consumers as more Americans receive stimulus payments and unemployment benefits during the pandemic recovery period.

This economic report comes at an opportune time for President Biden who has been pushing forward with his ambitious agenda to revive America’s economy through infrastructure investments, tax relief measures, and other initiatives aimed at creating jobs and improving wages nationwide. The new CPI data suggests these efforts may be paying off as consumer spending increases alongside rising wages; this could mean even better times ahead if current trends continue in fiscal year budget proposal by Mr Biden administration .

In addition to providing hope for future economic growth , today's inflation numbers also provide evidence that effective government policies can make a real difference in people’s lives when it comes to issues such as income inequality or poverty levels . As long as policy makers stay focused on helping those most affected by financial hardship , then there is no doubt America will see continued improvement throughout fiscal year budget proposal by Mr Joe Biden administration .

Philly Fed President Has Seen Enough: 25bps Hikes "Will Be Appropriate Going Forward"

The digital ink on the CPI print had barely dried but Philadelphia Fed president Patrick Harker had seen enough, and moments after the report he declared that he is for a 25 basis points in three weeks saying 25bps (which for the Vox grads does not mean 25%) "will be appropriate going forward." Harker is a voter on rates this year, so that tells us that, as of now, there’s at least one vote for 25 at the Feb. 1 meeting, and after today's report, likely many more.

“I expect that we will raise rates a few more times this year, though, to my mind, the days of us raising them 75 basis points at a time have surely passed,” Harker said in prepared remarks Thursday for an event in Malvern, Pennsylvania. “In my view, hikes of 25 basis points will be appropriate going forward.”

Harker also said he expects the Fed to get to just over 5% and then hold, and says it is likely the Fed will hike rates "a few" more times in 2023, although that's probably market dependent.

And since Harker’s prepared remarks did not mention the consumer price index report for December, which was published shortly before the release of his speech, it is likely that the soft report merely solidified his dovish case. To wit, excluding food, energy and shelter, inflation declined 0.1% over the past three months on average, which as #Bloomberg notes, makes a strong case for stepping down the hikes.

Fed officials see interest rates rising above 5% this year and staying there until 2024, according to Fed projections released last month. Other Fed officials have also said in recent days they are open to making a more incremental 25 basis-point rate increase at their next meeting ending Feb. 1, depending on the data. But policymakers stress the central bank still has more work to do to tame prices and are not anticipating rate cuts this year.

Harker, who votes in monetary policy decisions this year, reiterated that officials expect to hold rates at higher levels to give them time to travel through the economy. “At some point this year, I expect that the policy rate will be restrictive enough that we will hold rates in place to let monetary policy do its work,” he said.

The #Fed official said he is not forecasting a recession, though he does expect the US economy to grow by about 1% this year before rising to “trend growth” of about 2% in 2024 and 2025. He expects the unemployment rate to rise to about 4.5% this year before dropping to 4% over the next two years.

Whether due to the soft #CPI report, or Harker's comments, but according to the bond market, the odds of a more than 25bps hike in February tumbled from 26% before the report to just 8% currently and sliding. #news #economy
Source: Zerohedge

https://www.zerohedge.com/markets/philly-fed-president-has-seen-enough-25bps-hikes-will-be-appropriate-going-forward

Follow: t.me/g3news

This picture portrays a lot of massage, Nigeria celebrated it's 62nd independence on 1 October.
It's so sad our system is filled with lot of gullible politicians, that only seek after power and care less about it's citizens, corruption is the order of the day here, unemployment at it's peak, education system is totally wrecked.
You can see the passion that young boy is putting to on parade ground.
If he's fully aware of our failed system not sure he will put in this much energy.
We hope for a better Nigeria it's what we hear every passing of the day.
God bless Nigeria!
image source