#recession — Public Fediverse posts

Dedicated Power Plant For Pax Silica’s Energy Needs

To ensure that the ambitious Pax Silica will have its very own power supply to meet its needs, the Bases Conversion and Development Authority (BCDA) recently announced that the proponents are studying the construction of a dedicated power plant, according to a business news report by GMA News.

Previously a P7 billion investment of the National Grid Corporation of the Philippines (NGCP) for Pax Silica’s energy supply was prompted. New Clark City was chosen to host the artificial intelligence (AI) hub.

To put things in perspective, posted below is an excerpt from the GMA News report. Some parts in boldface…

The Bases Conversion and Development Authority (BCDA) said Sunday that proponents of the US-led Pax Silica project in New Clark City, Tarlac, are studying the construction of a dedicated power plant to ensure the facility does not compete with nearby residential communities for electricity.

Pax Silica has faced scrutiny over its projected resource requirements, with the BCDA estimating that the facility could require up to 3 gigawatts (3 million kilowatts) of power at full development.

“‘Yung kuryente, pinag-aaralan nila na magkaroon ng dedicated power plant… na hindi ito magsasapanganib sa supply ng kuryente lalo na para sa mga residential na komunidad. Ayaw rin nila ‘yon,” BCDA President and CEO Joshua Bingcang said in an interview on Super Radyo dzBB.

(Regarding power, they are studying the establishment of a dedicated power plant so that it will not jeopardize the electricity supply, especially for residential communities. They also want to avoid that.)

Bingcang said officials have discussed power and water requirements with the project’s proponents and partners from the United States, Japan, and South Korea, who also want to ensure that the facility has sufficient utility supplies.

“Kasi kung nakikita nilang wala, hindi rin pupunta ‘yung mga industriya na ito. So gusto nila, ‘pag pupunta rin sila dito, is stable, reliable at maaasahan ang kuryente,” Bingcang said.

(Because if they see that there is insufficient supply, these industries will not come. So if they invest here, they want the power supply to be stable, reliable, and dependable.)

“Kaya ngayon po, kasama na po, hindi lang po sa paggawa ng mga planta doon sa New Clark City, tinitingnan din nila ‘yung ecosystem,” he added.

(That is why they are looking not only at building plants in New Clark City but also at the entire ecosystem.)

Bingcang said this ecosystem includes the availability and reliability of power and water, as well as infrastructure, airports, seaports, and other facilities.

Clean, green energy – The BCDA said Pax Silica aims to use clean and green energy, with solar farms among the primary options being considered.

“So ang una po naming tiningnan dito ay solar farms. So meron na po tayong inaprubahan na solar project po diyan—ang mamumuhunan po ay sa Saudi Arabia,” Bingcang said.

(The first option we looked at was solar farms. We have already approved a solar project there involving an investor from Saudi Arabia.)

“Susunod po, hinihikayat na rin o nire-regulate na rin ng Department of Energy magkaroon ng mga battery storage… Kasi ang solar farm po ay mga ilang oras lang po, ‘pag gabi, wala na, so kailangan meron pong imbakan o storage ng baterya para sa maipon na enerhiya sa mga solar farm,” he added.

(Next, the Department of Energy is encouraging and regulating the use of battery storage. Solar farms generate power only during the day, so battery storage systems are needed to store energy for use when solar power is unavailable.)

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think Pax Silica will eventually have its very own, high-capacity power plant to ensure it has sufficient energy while sparing the local communities that relied on the national power grid? Do you think solar power is sufficient for Pax Silica which will have AI-related projects?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Dedicated Power Plant For Pax Silica’s Energy Needs

To ensure that the ambitious Pax Silica will have its very own power supply to meet its needs, the Bases Conversion and Development Authority (BCDA) recently announced that the proponents are studying the construction of a dedicated power plant, according to a business news report by GMA News.

Previously a P7 billion investment of the National Grid Corporation of the Philippines (NGCP) for Pax Silica’s energy supply was prompted. New Clark City was chosen to host the artificial intelligence (AI) hub.

To put things in perspective, posted below is an excerpt from the GMA News report. Some parts in boldface…

The Bases Conversion and Development Authority (BCDA) said Sunday that proponents of the US-led Pax Silica project in New Clark City, Tarlac, are studying the construction of a dedicated power plant to ensure the facility does not compete with nearby residential communities for electricity.

Pax Silica has faced scrutiny over its projected resource requirements, with the BCDA estimating that the facility could require up to 3 gigawatts (3 million kilowatts) of power at full development.

“‘Yung kuryente, pinag-aaralan nila na magkaroon ng dedicated power plant… na hindi ito magsasapanganib sa supply ng kuryente lalo na para sa mga residential na komunidad. Ayaw rin nila ‘yon,” BCDA President and CEO Joshua Bingcang said in an interview on Super Radyo dzBB.

(Regarding power, they are studying the establishment of a dedicated power plant so that it will not jeopardize the electricity supply, especially for residential communities. They also want to avoid that.)

Bingcang said officials have discussed power and water requirements with the project’s proponents and partners from the United States, Japan, and South Korea, who also want to ensure that the facility has sufficient utility supplies.

“Kasi kung nakikita nilang wala, hindi rin pupunta ‘yung mga industriya na ito. So gusto nila, ‘pag pupunta rin sila dito, is stable, reliable at maaasahan ang kuryente,” Bingcang said.

(Because if they see that there is insufficient supply, these industries will not come. So if they invest here, they want the power supply to be stable, reliable, and dependable.)

“Kaya ngayon po, kasama na po, hindi lang po sa paggawa ng mga planta doon sa New Clark City, tinitingnan din nila ‘yung ecosystem,” he added.

(That is why they are looking not only at building plants in New Clark City but also at the entire ecosystem.)

Bingcang said this ecosystem includes the availability and reliability of power and water, as well as infrastructure, airports, seaports, and other facilities.

Clean, green energy – The BCDA said Pax Silica aims to use clean and green energy, with solar farms among the primary options being considered.

“So ang una po naming tiningnan dito ay solar farms. So meron na po tayong inaprubahan na solar project po diyan—ang mamumuhunan po ay sa Saudi Arabia,” Bingcang said.

(The first option we looked at was solar farms. We have already approved a solar project there involving an investor from Saudi Arabia.)

“Susunod po, hinihikayat na rin o nire-regulate na rin ng Department of Energy magkaroon ng mga battery storage… Kasi ang solar farm po ay mga ilang oras lang po, ‘pag gabi, wala na, so kailangan meron pong imbakan o storage ng baterya para sa maipon na enerhiya sa mga solar farm,” he added.

(Next, the Department of Energy is encouraging and regulating the use of battery storage. Solar farms generate power only during the day, so battery storage systems are needed to store energy for use when solar power is unavailable.)

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think Pax Silica will eventually have its very own, high-capacity power plant to ensure it has sufficient energy while sparing the local communities that relied on the national power grid? Do you think solar power is sufficient for Pax Silica which will have AI-related projects?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

#Inflation Was Moderate in July, but #Energy Prices Remain Elevated

The Consumer Price Index for July showed prices rose 3.4% from a year ago as the #war in #Iran dragged on.

#economy #CPI #affordability #CostOfLiving #oil #EnergyCrisis #TrumpsWar #IranWar #tariffs #trade #Trump #recession #trumpcession
https://www.nytimes.com/live/2026/08/12/business/inflation-cpi-report?unlocked_article_code=1.41A.XoWT.gsIt7iyPmKVy&smid=nytcore-ios-share

#Inflation Was Moderate in July, but #Energy Prices Remain Elevated

The Consumer Price Index for July showed prices rose 3.4% from a year ago as the #war in #Iran dragged on.

#economy #CPI #affordability #CostOfLiving #oil #EnergyCrisis #TrumpsWar #IranWar #tariffs #trade #Trump #recession #trumpcession
https://www.nytimes.com/live/2026/08/12/business/inflation-cpi-report?unlocked_article_code=1.41A.XoWT.gsIt7iyPmKVy&smid=nytcore-ios-share

⬆️ @dbcurren.bsky.social

>> “Virtually nothing matters more to markets at present than the #AI buildout. It’s such a sudden and massive stimulus for the #US that it has shifted #macroeconomic data…without it, the US would be in #recession”

“(Credit) markets have a habit of registering doubt before broader #markets and should be heeded”

=> points to the possibility of a new financial crisis that is wider & deeper than the Telecom bust and the global financial meltdown of 2007-2008

#Democrats must do to T**** what #Republicans (unfairly) did to #JimmyCarter by making his name synonymous with "failed presidency". #Iran #Inflation #Recession #GasPrices

#Carter didn't START his #Iran mess. He created 10 MILLION JOBS in just 4 years. And he didn't kiss #Russia's ass. 🤔

#Democrats must do to T**** what #Republicans (unfairly) did to #JimmyCarter by making his name synonymous with "failed presidency". #Iran #Inflation #Recession #GasPrices

#Carter didn't START his #Iran mess. He created 10 MILLION JOBS in just 4 years. And he didn't kiss #Russia's ass. 🤔

“Virtually nothing matters more to markets at present than the #AI buildout. It’s such a sudden and massive stimulus for the #US that it has shifted #macroeconomic data. Columbia Business School’s Stijn Van Nieuwerburgh argues that without it, the US would be in #recession.”

RE: https://bsky.app/profile/did:plc:5zca2ola2zxpkw37w4f3wxtu/post/3msq2mo6iyk2d

“Virtually nothing matters more to markets at present than the #AI buildout. It’s such a sudden and massive stimulus for the #US that it has shifted #macroeconomic data. Columbia Business School’s Stijn Van Nieuwerburgh argues that without it, the US would be in #recession.”

RE: https://bsky.app/profile/did:plc:5zca2ola2zxpkw37w4f3wxtu/post/3msq2mo6iyk2d

Philippines Economic Weakness Continues As 2nd Quarter GDP Growth Lands At 2.3%

The economy of the Philippines slowed down even further in the 2nd quarter of 2026 landing at 2.3%, according to a news report by GMA News. Embarrassingly, this made the Philippines an economic weakling among the members of the Association of Southeast Asian Nations (ASEAN).

By comparison, the economy of the Philippines achieved only 2.8% growth in the 1st quarter of this year. The nation’s economic growth for 2025 was at 4.4%

To put things in perspective, posted below is an excerpt from the GMA News report. Some parts in boldface…

The Philippine economy continued to slow down in the second quarter of 2026, still due to a subdued investor and consumer sentiment amid the lingering effects of the flood control corruption scandal and the inflationary pressure brought by Middle East crisis-induced global fuel price shocks, the Philippine Statistics Authority (PSA) reported on Friday.

At a press conference, PSA chief and National Statistician Claire Dennis Mapa said the economy, as measured by gross domestic product (GDP)—the value of goods and services produced in a period— grew 2.3% in the April to June 2026 period, slower than the 2.8% growth seen in the first quarter of 2026.

This is the economy’s weakest footing since the fourth quarter of 2009 —excluding the contraction seen during the COVID-19 pandemic years— when the GDP growth rate was at 1.8%.

The 2.8% second quarter GDP growth put the Philippines behind its neighbors in Southeast Asia that already released their April to June economic growth rates such as Indonesia at 5.29%, Vietnam at 8.39%, and Singapore at 5.7%.

The first half of 2026 GDP growth rate stood at 2.6%, still behind the government’s downwardly revised target of 3.5% to 4.5% for the entire year.

Despite the economic slowdown, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan said, “What we are experiencing right now, I believe, is transitory, temporary.”

“Domestic demand remained subdued, mainly because total investment continued to contract as public construction declined. Household consumption growth also moderated amid higher inflation, job losses, and lower remittance receipts arising from the Middle East conflict,” Balisacan said.

Household final consumption expenditure grew 2.8%, slower than 5.2% in the same period last year, weighed by contractions in transport (-7.5%), alcoholic beverages and tobacco (-1.9%), recreation and culture (-0.8%), and restaurants and hotels (-0.2%).

Government expenditure, likewise, slowed down by 8.3% from 8.7% year-on-year; while gross capital formation (GCF) —which measures investments— contracted by 9.2% from a growth rate of 0.9% a year ago.

The decline in GCF was due to the decline in construction at 14.8% with government spending on construction contracting 32.4%.

“Although public construction is a small part of the economy, the amount of contraction, at 32%, brought a significant impact on the economy,” Balisacan said.

“The sharp decline in public construction was the main contributor in the decline in investments… driven by continuous caution due to the flood control scandal,” the country’s chief economist said.

Among the major economic sectors, agriculture posted a growth rate of 2.7%, slower than 7% year-on-year; industry declined by 2.4%, from an increase of 2.1% weighed by the construction’s depreciation; services grew slower at 4.5% from 6.9%.

Agriculture, industry, and services sector contributed 7.5%, 27.9%, and 63.3%, respectively to the total GDP during the quarter.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will eventually fall into a recession in 2027? Do you believe that the hosting of the ASEAN summit by the Philippines will result in economic miracles and more foreign investment?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Philippines Economic Weakness Continues As 2nd Quarter GDP Growth Lands At 2.3%

The economy of the Philippines slowed down even further in the 2nd quarter of 2026 landing at 2.3%, according to a news report by GMA News. Embarrassingly, this made the Philippines an economic weakling among the members of the Association of Southeast Asian Nations (ASEAN).

By comparison, the economy of the Philippines achieved only 2.8% growth in the 1st quarter of this year. The nation’s economic growth for 2025 was at 4.4%

To put things in perspective, posted below is an excerpt from the GMA News report. Some parts in boldface…

The Philippine economy continued to slow down in the second quarter of 2026, still due to a subdued investor and consumer sentiment amid the lingering effects of the flood control corruption scandal and the inflationary pressure brought by Middle East crisis-induced global fuel price shocks, the Philippine Statistics Authority (PSA) reported on Friday.

At a press conference, PSA chief and National Statistician Claire Dennis Mapa said the economy, as measured by gross domestic product (GDP)—the value of goods and services produced in a period— grew 2.3% in the April to June 2026 period, slower than the 2.8% growth seen in the first quarter of 2026.

This is the economy’s weakest footing since the fourth quarter of 2009 —excluding the contraction seen during the COVID-19 pandemic years— when the GDP growth rate was at 1.8%.

The 2.8% second quarter GDP growth put the Philippines behind its neighbors in Southeast Asia that already released their April to June economic growth rates such as Indonesia at 5.29%, Vietnam at 8.39%, and Singapore at 5.7%.

The first half of 2026 GDP growth rate stood at 2.6%, still behind the government’s downwardly revised target of 3.5% to 4.5% for the entire year.

Despite the economic slowdown, Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan said, “What we are experiencing right now, I believe, is transitory, temporary.”

“Domestic demand remained subdued, mainly because total investment continued to contract as public construction declined. Household consumption growth also moderated amid higher inflation, job losses, and lower remittance receipts arising from the Middle East conflict,” Balisacan said.

Household final consumption expenditure grew 2.8%, slower than 5.2% in the same period last year, weighed by contractions in transport (-7.5%), alcoholic beverages and tobacco (-1.9%), recreation and culture (-0.8%), and restaurants and hotels (-0.2%).

Government expenditure, likewise, slowed down by 8.3% from 8.7% year-on-year; while gross capital formation (GCF) —which measures investments— contracted by 9.2% from a growth rate of 0.9% a year ago.

The decline in GCF was due to the decline in construction at 14.8% with government spending on construction contracting 32.4%.

“Although public construction is a small part of the economy, the amount of contraction, at 32%, brought a significant impact on the economy,” Balisacan said.

“The sharp decline in public construction was the main contributor in the decline in investments… driven by continuous caution due to the flood control scandal,” the country’s chief economist said.

Among the major economic sectors, agriculture posted a growth rate of 2.7%, slower than 7% year-on-year; industry declined by 2.4%, from an increase of 2.1% weighed by the construction’s depreciation; services grew slower at 4.5% from 6.9%.

Agriculture, industry, and services sector contributed 7.5%, 27.9%, and 63.3%, respectively to the total GDP during the quarter.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines will eventually fall into a recession in 2027? Do you believe that the hosting of the ASEAN summit by the Philippines will result in economic miracles and more foreign investment?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

#Trump repeatedly called #Canadians #nasty in a speech in Las Vegas on Wednesday after claiming that #Canada & other countries had long been unfairly using #tariffs against the #US.

“Canada’s nasty. They are. They’re nasty,” Trump said. “I love the people, but they’re nasty. Nasty leadership.”

#diplomacy #geopolitics #trade #economy #inflation #recession #Trumpcession
https://www.nytimes.com/2026/08/06/world/canada/carney-trump-tariffs-trade.html?unlocked_article_code=1.3lA.uTIU.eGcnfbi0S6iq&smid=nytcore-ios-share

#Trump repeatedly called #Canadians #nasty in a speech in Las Vegas on Wednesday after claiming that #Canada & other countries had long been unfairly using #tariffs against the #US.

“Canada’s nasty. They are. They’re nasty,” Trump said. “I love the people, but they’re nasty. Nasty leadership.”

#diplomacy #geopolitics #trade #economy #inflation #recession #Trumpcession
https://www.nytimes.com/2026/08/06/world/canada/carney-trump-tariffs-trade.html?unlocked_article_code=1.3lA.uTIU.eGcnfbi0S6iq&smid=nytcore-ios-share

Philippines July 2026 Inflation Still Above Government Ceiling

Inflation here in the Philippines for the month of July 2026 landed at 6.2% which is clearly above the government’s comfortable ceiling of 2% to 4%, according to a business news report by GMA News.

To put things in perspective, posted below is an excerpt from the GMA News business report. Some parts in boldface…

The country’s inflation rate slowed down further for the third straight month in July 2026 amid improved fuel supply conditions during the period, when the Middle East conflict was waning.

At a press briefing on Wednesday, National Statistician and Philippine Statistics Authority (PSA) chief Claire Dennis Mapa said inflation — the rate of increase in the prices of goods and services — slowed down 6.2% last month from 6.4% in June 2026.

July’s inflation print brought the year-to-date rate to 5%, still above the government’s comfortable ceiling of 2% to 4%.

Mapa said the main contributor to the downtrend was the slower increase in the Transport index at 11.9% from 12.8% month-on-month.

“Ito [Transport] ay may 57.4% share sa pagbaba ng pangkalahatang inflation sa bansa (It had a share of 57.4% to the overall deceleration of the country’s inflation),” the PSA chief said.

This as inflation for gasoline and other passenger transport by road slowed down to 34.1% from 39.2% and 5.3% from 5.4%, respectively.

Meanwhile, food inflation was steady at 5.3%, as lower meat prices and slower increases in vegetable prices offset sharper rice inflation.

“Every peso saved from slower price increases means more room for the family budget for food, transport, education and other essential needs,” Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan said in a statement.

“While challenges remain, particularly in managing food price pressures, these results show that our interventions are making a difference in easing the impact on Filipino households,” Balisacan said.

The DEPDev chief the government’s UPLIFT Committee will continue implementing targeted interventions to protect vulnerable sectors from the effects of higher prices and other economic shocks.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government is running out of new ideas on bringing down inflation? Do you think the high inflation is a sign that the economy of the Philippines will grow weaker going into 2027? Do you think inflation will end up above 5% by the end of this year?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Philippines July 2026 Inflation Still Above Government Ceiling

Inflation here in the Philippines for the month of July 2026 landed at 6.2% which is clearly above the government’s comfortable ceiling of 2% to 4%, according to a business news report by GMA News.

To put things in perspective, posted below is an excerpt from the GMA News business report. Some parts in boldface…

The country’s inflation rate slowed down further for the third straight month in July 2026 amid improved fuel supply conditions during the period, when the Middle East conflict was waning.

At a press briefing on Wednesday, National Statistician and Philippine Statistics Authority (PSA) chief Claire Dennis Mapa said inflation — the rate of increase in the prices of goods and services — slowed down 6.2% last month from 6.4% in June 2026.

July’s inflation print brought the year-to-date rate to 5%, still above the government’s comfortable ceiling of 2% to 4%.

Mapa said the main contributor to the downtrend was the slower increase in the Transport index at 11.9% from 12.8% month-on-month.

“Ito [Transport] ay may 57.4% share sa pagbaba ng pangkalahatang inflation sa bansa (It had a share of 57.4% to the overall deceleration of the country’s inflation),” the PSA chief said.

This as inflation for gasoline and other passenger transport by road slowed down to 34.1% from 39.2% and 5.3% from 5.4%, respectively.

Meanwhile, food inflation was steady at 5.3%, as lower meat prices and slower increases in vegetable prices offset sharper rice inflation.

“Every peso saved from slower price increases means more room for the family budget for food, transport, education and other essential needs,” Department of Economy, Planning and Development (DEPDev) Secretary Arsenio Balisacan said in a statement.

“While challenges remain, particularly in managing food price pressures, these results show that our interventions are making a difference in easing the impact on Filipino households,” Balisacan said.

The DEPDev chief the government’s UPLIFT Committee will continue implementing targeted interventions to protect vulnerable sectors from the effects of higher prices and other economic shocks.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government is running out of new ideas on bringing down inflation? Do you think the high inflation is a sign that the economy of the Philippines will grow weaker going into 2027? Do you think inflation will end up above 5% by the end of this year?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

#US #JobMarket Shows Unexpected Loss
Businesses shed 23,000 #jobs in July in the face of renewed #tariffs & higher #costs driven by Trump’s #war in the #MiddleEast & numbers from previous months were revised down sharply.

#Trump #economy #inflation #labor #business #unemployment #affordability #CostOfLiving #recession #Trumpcession
https://www.nytimes.com/live/2026/08/07/business/jobs-report-economy?unlocked_article_code=1.3lA.Ul3N.Pb1JCczayHEf&smid=nytcore-ios-share

#US #JobMarket Shows Unexpected Loss
Businesses shed 23,000 #jobs in July in the face of renewed #tariffs & higher #costs driven by Trump’s #war in the #MiddleEast & numbers from previous months were revised down sharply.

#Trump #economy #inflation #labor #business #unemployment #affordability #CostOfLiving #recession #Trumpcession
https://www.nytimes.com/live/2026/08/07/business/jobs-report-economy?unlocked_article_code=1.3lA.Ul3N.Pb1JCczayHEf&smid=nytcore-ios-share

2 #TorstenSlok, chief economist, Apollo Global Management: The same arithmetic runs in reverse: housing's unwind, from 6.2% of GDP in early 2006 to 3.0% by the end of 2008, is what made that #recession severe, while telecom's much smaller reversal produced the mildest one. 🧵

The Rise And Reign Of The Godfather: Bola Ahmed Tinubu By Lawson Akhigbe

https://lawakhigbe.com/2026/07/31/the-rise-and-reign-of-the-godfather-bola-ahmed-tinubu-by-lawson-akhigbe/

The Rise And Reign Of The Godfather: Bola Ahmed Tinubu By Lawson Akhigbe

https://lawakhigbe.com/2026/07/31/the-rise-and-reign-of-the-godfather-bola-ahmed-tinubu-by-lawson-akhigbe/

'receding ground'

#LoveTrees #Recession #Attrition #AbstractArt #Surreal #Climate #ClimateChange #ClimateEmergency #IceMelt #Nature #WaterColour #Pencil
#MastoArt #Krita

"Live: Iran Revolutionary Guards say they hit US radar and air defence systems in Bahrain and Kuwait"

#NACHO #TACO #Trump #China #Ukraine #News #Politics #Nato #War #ww3 #Military #Russia #USA #Escalation #Europe #EU #Iran #Israel #Pakistan #Alliance #Asia #Africa #Oil #Inflation #Recession #Economy

https://www.france24.com/en/middle-east/20260721-live-lebanon-s-aoun-to-meet-trump-as-pressure-builds-to-disarm-hezbollah

War mongering continues

"Iran war: US launches fresh strikes as Trump vows revenge "

#NACHO #TACO #Trump #China #Ukraine #News #Politics #Nato #War #ww3 #Military #Russia #USA #Escalation #Europe #EU #Iran #Israel #Pakistan #Alliance #Asia #Africa #Oil #Inflation #Recession #Economy

https://www.dw.com/en/top-stories/s-9097

"Oil Market Loses Its Safety Net as Iran Conflict Reignites"

#NACHO #TACO #Trump #China #Ukraine #News #Politics #Nato #War #ww3 #Military #Russia #USA #Escalation #Europe #EU #Iran #Israel #Pakistan #Alliance #Asia #Africa #Oil #Inflation #Recession #Economy

https://oilprice.com/Energy/Energy-General/Oil-Market-Loses-Its-Safety-Net-as-Iran-Conflict-Reignites.html

BEAN TO BRAND, TARIFF TO TRAP by Lawson Akhigbe

https://lawakhigbe.com/2026/07/17/bean-to-brand-tariff-to-trap-by-lawson-akhigbe/

BEAN TO BRAND, TARIFF TO TRAP by Lawson Akhigbe

https://lawakhigbe.com/2026/07/17/bean-to-brand-tariff-to-trap-by-lawson-akhigbe/

No i dupło...

US Inflation readings decided to take a trip to the moon.

#USEconomy #USInflation #Inflation #Recession #Stagflation

No i dupło...

US Inflation readings decided to take a trip to the moon.

#USEconomy #USInflation #Inflation #Recession #Stagflation

RE: https://amicale.net/@franceinfo/116912239684886366

Fake News : quand la #realite frappe la #macronie
Éric Lombard, ministre de l'Économie
1er mars 2025 : « #optimiste » sur la capacité de la France à atteindre l'objectif de #croissance fixé à 0,9 %
François Villeroy de Galhau, gouverneur de la Banque de France
2025 : optimiste pour 2026, et la France aurait « au moins 0,7 % de croissance en 2025 »
9 juillet 2026 : on « évitera sûrement une #recession », l'activité "s'est améliorée dans tous les secteurs en juin"
#incurie #impéritie

RE: https://amicale.net/@franceinfo/116912239684886366

Fake News : quand la #realite frappe la #macronie
Éric Lombard, ministre de l'Économie
1er mars 2025 : « #optimiste » sur la capacité de la France à atteindre l'objectif de #croissance fixé à 0,9 %
François Villeroy de Galhau, gouverneur de la Banque de France
2025 : optimiste pour 2026, et la France aurait « au moins 0,7 % de croissance en 2025 »
9 juillet 2026 : on « évitera sûrement une #recession », l'activité "s'est améliorée dans tous les secteurs en juin"
#incurie #impéritie

Role in British Empire finance

https://lawakhigbe.com/2026/07/09/role-in-british-empire-finance/

Role in British Empire finance

https://lawakhigbe.com/2026/07/09/role-in-british-empire-finance/

Sales have remained sluggish as #mortgage rates have mostly trended higher in the months since the #war between the #US & #Iran started. Expectations of higher #inflation amid surging #oil prices have pushed up the long-term #BondYields that lenders use as a guide to pricing home #loans, causing mortgage rates to climb. Still, mortgage rates remain below where they were a year ago.

#economy #affordability #recession #housing #Trumpcession #TrumpsWar #Trump

Sales have remained sluggish as #mortgage rates have mostly trended higher in the months since the #war between the #US & #Iran started. Expectations of higher #inflation amid surging #oil prices have pushed up the long-term #BondYields that lenders use as a guide to pricing home #loans, causing mortgage rates to climb. Still, mortgage rates remain below where they were a year ago.

#economy #affordability #recession #housing #Trumpcession #TrumpsWar #Trump

Sales rose 2.8% compared with June last year, but the latest sales tally fell short of the roughly 4.21 million pace economists were expecting, acc/to FactSet.

Home sales have been mostly hovering close to a 4-million annual pace going back to 2023, far short of the historic norm that is closer to 5.2-million.

#economy #affordability #recession #housing #Trumpcession #Trump

Sales rose 2.8% compared with June last year, but the latest sales tally fell short of the roughly 4.21 million pace economists were expecting, acc/to FactSet.

Home sales have been mostly hovering close to a 4-million annual pace going back to 2023, far short of the historic norm that is closer to 5.2-million.

#economy #affordability #recession #housing #Trumpcession #Trump

#US #HomePrices hit an all-time high as sales slow & #mortgage rates rise

Sales of previously occupied US homes slowed in June, but a key measure of #home #prices climbed to an all-time high, adding to #affordability challenges for prospective homebuyers.

Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Thursday.

#economy #recession #housing #Trumpcession #Trump
https://apnews.com/article/interest-rates-home-sales-923d018ff5a61b54b238838ce3a254a2

#US #HomePrices hit an all-time high as sales slow & #mortgage rates rise

Sales of previously occupied US homes slowed in June, but a key measure of #home #prices climbed to an all-time high, adding to #affordability challenges for prospective homebuyers.

Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors said Thursday.

#economy #recession #housing #Trumpcession #Trump
https://apnews.com/article/interest-rates-home-sales-923d018ff5a61b54b238838ce3a254a2

The Bank of England warns an AI crash could plunge the UK into recession.

Governor Andrew Bailey warns of a “triple whammy” of risks as AI companies now make up half of the US S&P 500, up from a quarter in 2022.

https://mediafaro.org/article/20260707-the-bank-of-england-warns-an-ai-crash-could-plunge-the-uk-into-recession?mf_channel=mastodon&action=forward

#AI #BankOfEngland #Economy #UK #Investment #Business #Recession