Tag Archives: destruction

[unable to retrieve full-text content]Mariupol before and after: updated Google maps reveal destruction in Ukraine city  The Guardian Source link

Gary Cohn, IBM vice chairman and former chief economic adviser to President Donald Trump, warned that significant job losses are necessary to get inflation under control. “We’re going to have to see job destruction if we’re really going to see inflation be curtailed,” Cohn said in an interview during Yahoo Finance’s All Markets Summit on Monday (video above). His comments follow September’s hotter-than-expected inflation print, which showed consumer prices rose 0.4% from a month… Source link

(Bloomberg) — Fertilizer prices that had hit records are now plunging as buyers reel from sticker shock. Most Read from Bloomberg The June spot price in Tampa, Florida for the nitrogen fertilizer ammonia settled at $1,000 per metric ton, a drop of 30% from May’s $1,425 per metric ton, according to Green Markets, a Bloomberg company. Demand destruction is part of the decline. Places like Southeast Asia are seeing buyers unwilling to pay the record high prices that were posted in April and… Source link

Gasoline prices will stop rising once consumer demand destruction kicks in, according to one energy trader. “It’s become really evident that the only thing that is going to alleviate these price rises is demand destruction,” CIBC Private Wealth U.S senior energy trader Rebecca Babin told Yahoo Finance Live. Gasoline keeps hitting record highs as the national average now sits at $4.59 per gallon. Some states are seeing even higher numbers at the pump — $5 or even $6 per… Source link

Donald Trump has weighed in on a growing issue facing his successor, making bizarre claims about migrants streaming into the country “from everywhere” including war-torn Yemen and the Middle East. The US is facing a growing crisis on its southern border, as a surge of migrants has put the Biden administration on the defensive. The head of Homeland Security acknowledged the depth of the problem on Tuesday but insists it’s under control, saying he won’t revive a Trump-era practice of… Source link