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Feb 22, 2024 | 
rodinanews.co.uk | Mike Ibanoz
HANOI, Feb 22, 2024 (AFP) – Vietnamese electric vehicle maker VinFast on Thursday reported a net loss of more than $2 billion in 2023 after missing its sales target, despite a 90 percent increase in revenue. The communist state’s first homegrown car manufacturer is trying to crack the international market, aiming to compete with global EV giants such as Tesla.
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Feb 22, 2024 | 
rodinanews.co.uk | Mike Ibanoz
by Calculated Risk on 2/22/2024 10:48:00 AMToday, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.00 million SAAR in JanuaryExcerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA)The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 1.7% year-over-year compared to January. This was the twenty-ninth consecutive month with sales down year-over-year. This was just above the cycle low of 3.85 million SAAR in October 2023.
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Feb 22, 2024 | 
rodinanews.co.uk | Mike Ibanoz
U.S. Federal public debt has risen by around 20 percentage points of GDP over the last decade, hitting a record level as a share of the economy in 2020 at the height of the Covid-19 pandemic. Though it has fallen back since, our Consensus is for the public debt-to-GDP ratio to creep up again over our forecast horizon, and political agreements over the U.S. debt ceiling are increasingly hard-won. These dynamics lead many to question — is U.S. debt sustainable?
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Feb 22, 2024 | 
rodinanews.co.uk | Mike Ibanoz
Nearly a thousand migrants waiting for a new shelter cot spent a recent night on the streets or in trains, according to an internal poll conducted by city officials and obtained by THE CITY. The “St. Brigid Guest Overnight Stay” survey asked a group of migrants in mid-January where they’d spent the night. The results, according to materials reviewed by THE CITY, extrapolated that 968 spent the night outside or on the train.
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Feb 22, 2024 | 
rodinanews.co.uk | Mike Ibanoz
F.A. Hayek and Milton Friedman are rightly recognized as two of history’s most influential champions of the liberal market order, and perhaps the two most influential and important ones of the past 100 years.
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Feb 22, 2024 | 
rodinanews.co.uk | Mike Ibanoz
Protestors gifted trading extraordinaire Nancy Pelosi with 300 lbs of manure to her personal residence in San Francisco, California. No, this was not an act of violence by the radical MAGA extremists but a message sent by Democrats protesting a ceasefire in Palestine. “NANCY PELOSI ENOUGH WITH THIS S—T” and “STOP ARMING ISRAEL. ARMS EMBARGO NOW,” signs placed outside her home declared.
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Feb 22, 2024 | 
rodinanews.co.uk | Mike Ibanoz
A LEGISLATED wage hike could push inflation higher, an economist warned on Wednesday as a business group continued to raise concerns over a measure making its way through Congress. “If there’s an eight-percent minimum wage hike, inflation can increase by 1.2 percentage points…,” HSBC economist Aris Dacanay said during a Management Association of the Philippines membership meeting. “This is something we are looking out for,” he added.
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Feb 22, 2024 | 
rodinanews.co.uk | Mike Ibanoz
KIKUYO, Japan, Feb 22, 2024 (AFP) – Surrounded by fields of carrots and cabbages, workers are putting the finishing touches to a factory opening on Saturday that is a milestone for both US ally Japan and Taiwanese chip giant TSMC. The $8.6-billion facility in the southern Kumamoto region showcases TSMC’s efforts to make some of its strategically crucial chips elsewhere than hotspot Taiwan, as well as Japan’s push to revive its once-dominant semiconductor sector.
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Feb 22, 2024 | 
rodinanews.co.uk | Mike Ibanoz
Life expectancy when we “live with” [sic] infection (1800), and when we don’t (1950):Surely the greatest achievement in all human history has been the staggering increase in life expectancy since the mid-19th century. Nearly entirely due to control of infection. This is what ‘living with the virus’ spits in the face of. People should be in jail. pic.twitter.com/dswycQUbkI— Henry Madison (@RageSheen) February 22, 2024Italy: Measles, new variant in the Milan area that may escape testing FluTrackers.
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Feb 22, 2024 | 
rodinanews.co.uk | Mike Ibanoz
In his book The New Puritans, Andrew Doyle observed, “We have seen the evangelists of ‘social justice’ take control of our major cultural, political, educational and corporate institutions, thirsty for opportunities to be seen to vanquish devils, be they real or imagined.” Doyle warned, “these illiberal trends… threaten to sabotage all the progress we have made since the civil rights movements of the 1960s.” Too few listened when F. A. Hayek issued a similar warning almost 50 years earlier.
