DYS-Functional Exercise

Companies Report Raging Inflation, Except In Wages & Rents Authored by Wolf Richter via Wolf Street, Manufacturers reported that the costs of health insurance for employees shot up by 14.2% on average; service firms reported an average increase of 12.9%, according to a report by the New York Fed based on a survey of companies in the New York-Northern New Jersey region. These are averages, but “some firms reported increases of between 25% and 50% when they renewed their coverage,” the report said. Manufacturers and service firms both reported that the costs...

Trump's Venezuela Oil Plan Runs Into Hard Reality Authored by Andrew Topf via oilprice.com, Last week US President Donald Trump announced that Venezuela’s interim authorities will turn over up to 50 million barrels of oil to the United States, before later declaring his administration will control Venezuela's oil sales “indefinitely”. Decrying the state of Venezuela’s oil sector, including that the South American country now pumps a fraction of what it used to, Trump said, “We’re going to have our very large United States oil companies — the biggest anywhere in the world — go...

Secretary of State Marco Rubio on Monday said that the US launched a war against Iran because Israel was planning to attack, an admission that Israeli Prime Minister Benjamin Netanyahu steered the US into the conflict. “It was abundantly clear that if Iran came under attack by anyone, the United States, Israel, or anyone, they […]