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With Billions Going to Ukraine, Officials Warn of Potential for Fraud, Waste

Current and former U.S. officials warn that more must be done to ensure arms and money aren’t diverted, stolen or misused.
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WASHINGTON—With the U.S. sending roughly $130 million a day in military aid to Ukraine plus economic and other assistance, current and former U.S. officials warn that more must be done to ensure arms and money aren’t diverted, stolen or misused.
 

Slowing Growth Could Be Good News in Disguise​


Since early 2021 and more notably in the first half of 2022, U.S. economic growth has slowed from its torrid pace in the second half of 2020. The slowdown shouldn’t come as a major surprise given how the pandemic affected the economy and the fiscal and monetary policy response. This slowdown could even be welcome if it helps to bring inflation to acceptable levels. But the U.S. is not done navigating the economy’s hoped-for “soft landing,” an easing of inflation without significant economic disruption. If inflation remains elevated, policymakers will need to make hard choices that will likely result in a more abrupt and painful hard landing.

Why is slowing growth a good thing right now? Consumer prices have climbed 9.1% in the past 12 months. One factor behind the recent run-up of inflation was the rapid economic growth experienced during the past two years. That fast-paced growth strained the economy beyond its sustainable level. A slowdown is essential to bringing inflation down toward the Federal Reserve’s 2% target.
What would a generally manageable slowdown look like? Indicators like the quarterly change in gross domestic product may show the economy growing slightly, moving sideways or even contracting a little for the next few quarters. If a contraction leads to slack in the economy and it is determined we are in a mild recession, businesses would be saddled with idle capacity and the unemployment rate would likely rise. (Note that the unemployment rate might rise from today’s low level, even if we aren’t in a recession, if more people enter the labor force and start looking for a job.)

How will the slowdown affect different sectors of the economy and workers? The contraction will probably be concentrated in certain sectors, meaning some workers and firms will feel the slowdown acutely. For example, alongside the extraordinary demand for consumer goods, employment in transportation and warehousing has been above trend for months and will likely be dampened by a significant decline in demand. As the economy rebalances, some sectors—such as leisure and hospitality—will likely see increased consumer demand and hiring. These gyrations will mean that some people will experience significant economic changes regardless of whether in the aggregate the economy expands or contracts modestly.
The key to a slowdown being worthwhile is if it helps get inflation under control. In that sense, news of slowing in labor markets and consumer spending is good news, even if slowing is in and of itself anxiety-inducing. The benefits will be widespread if the slowdown in output growth means that the level of potential output catches up with actual output and that helps to bring inflation down to acceptable levels. This is the hoped-for soft landing.
 

Cheaper gas stunts retail sales in July — but it’s good news for the U.S. economy​

Last Updated: Aug. 17, 2022 at 10:35 a.m. ETFirst Published: Aug. 17, 2022 at 8:37 a.m. ET

The numbers: Sales at U.S. retailers fell flat in July, but largely because of cheaper gasoline and fewer purchases of new cars and trucks. Sales were stronger at other businesses, a good sign for the economy that might help ease recession worries.

Retail sales are a big part of consumer spending and offer clues about the strength of the U.S. economy. Sales have slowed this year, but not enough to suggest the economy is in trouble. The July report might even help ease recession worries.
 
www.yahoo.com

The West considers applying NATOs Article 5 in response to possible accident at Zaporizhzhia Nuclear Power Plant

EUROPEAN PRAVDA - SATURDAY, 20 AUGUST 2022, 13:48 Tobias Ellwood, Chair of the Defence Select Committee at the House of Commons of the UK Parliament, has stated that if the Russians orchestrate a deliberate accident at the Zaporizhzhia Nuclear Power Plant with radiation outflow, it must be...
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The West considers applying NATOs Article 5 in response to possible accident at Zaporizhzhia Nuclear Power Plant​


Tobias Ellwood, Chair of the Defence Select Committee at the House of Commons of the UK Parliament, has stated that if the Russians orchestrate a deliberate accident at the Zaporizhzhia Nuclear Power Plant with radiation outflow, it must be treated as an attack on NATO states.

Ellwood was commenting on media reports that according to the Ukrainian side, Russia is preparing the ground to accuse Ukraine of attacking the ZNPP.

Quote: "Let’s make it clear now: ANY deliberate damage causing potential radiation leak to a Ukrainian nuclear reactor would be a breach of NATO’s Article 5."

His stance was backed by Adam Kinzinger, a member of the House of Representatives of the US Congress from Illinois.

"That's 100% true. Not even discussed. Any leak will kill people in NATO countries, this is an automatic inclusion of Art. 5," he tweeted.
====================
Putin has to realize he made a HUGE mistake with his invasion.
 
www.yahoo.com

UPS Drivers Say 'Brutal' Heat Is Endangering Their Lives

About 8 p.m. on a hot Thursday in July, Nicholas Gubell, a driver for UPS, was nearing the end of his route on Long Island, New York, when he started to feel woozy. That day, Gubell, 26, had delivered about 200 packages. Temperatures had soared into the high 80s, and it was even hotter inside...
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"They’re vomiting. Their bodies are shutting down,” said Dave Reeves, president of Local 767, a Texas local of the International Brotherhood of Teamsters, which represents 350,000 UPS workers across the country. “It’s awful.”

Last year, Jose Cruz Rodriguez Jr., a 23-year-old UPS driver in Reeves’ local, was found dead in the company’s parking lot in Waco, Texas, just days after starting the job. In June, a 24-year-old UPS driver, Esteban David Chavez Jr., died while delivering packages in Pasadena, California, about 10 miles northeast of downtown Los Angeles. Last month, another of the company’s workers was captured in footage from a Ring doorbell, stumbling and collapsing outside a home in Scottsdale, Arizona.
 
wader said:
www.yahoo.com

UPS Drivers Say 'Brutal' Heat Is Endangering Their Lives

About 8 p.m. on a hot Thursday in July, Nicholas Gubell, a driver for UPS, was nearing the end of his route on Long Island, New York, when he started to feel woozy. That day, Gubell, 26, had delivered about 200 packages. Temperatures had soared into the high 80s, and it was even hotter inside...
www.yahoo.com www.yahoo.com


"They’re vomiting. Their bodies are shutting down,” said Dave Reeves, president of Local 767, a Texas local of the International Brotherhood of Teamsters, which represents 350,000 UPS workers across the country. “It’s awful.”

Last year, Jose Cruz Rodriguez Jr., a 23-year-old UPS driver in Reeves’ local, was found dead in the company’s parking lot in Waco, Texas, just days after starting the job. In June, a 24-year-old UPS driver, Esteban David Chavez Jr., died while delivering packages in Pasadena, California, about 10 miles northeast of downtown Los Angeles. Last month, another of the company’s workers was captured in footage from a Ring doorbell, stumbling and collapsing outside a home in Scottsdale, Arizona.
Click to expand...
waa waa LIKE THEY ARE THE ONLY ONE WHO WORK IN THE HEAT WITH NO ac
 
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