#wildberries, #russia's #amazon, is droned to ruins

#ukraine is strangling russia's #economy

Andrei Klepach:

'Russia was “falling behind” China and the US and “in some respects Ukraine”… a “social crisis” would erupt “when no one particularly expects it… We will not win this competition in a war of attrition with Ukraine… We have an illusion that everything will collapse there… it won’t”'

and… he's fired

without dissent the folly of the echo chamber means failure

theguardian.com/world/2026/aug…

Jobless claims continue to forecast . . .

#PositiveOutlook #EconomicForecast #LaborMarket #JoblessClaims #Economy

angrybearblog.com/2026/08/jobl…

'There's a bridge I will sell you': Mary Trump roasts White House logic

#EconomicCritique #Economy #TrumpAdministration #JobLoss #PoliticalAnalysis

alternet.org/trump-psychiatris…

Economy gets World Cup and hot weather boost but fears grow over Iran war hit

#GDP #WorldCup #GlobalEconomy #Economy #GrowthFigures

independent.co.uk/news/busines…

This sounds bad. 😬

"In the past five weeks, the market has collapsed, shedding almost 40 per cent, and threatening the livelihood of millions of South Koreans...

More than a million South Koreans are underwater as a result of the crash, and several hundred thousand have lost everything, and then some.

They borrowed to the hilt to take part in a frenzied splurge on technology stocks, particularly memory chip makers, in a market now experiencing a savage reversal.

Nothing, not even the stellar earnings of the country's two biggest chip makers, has been able to stem the panic, primarily because the debt that fuelled the stock market boom is now accentuating the crash."

#AI #Stocks #tech #technology #SouthKorea #economy #bubble

My account was terminated and the administrative window says it was due to spam,
I don't knowingly post spam.
Because I can't access the account, I can't see what post was considered spam.
Screen name: Tuckers Nuts Resist
Instance name: @JStatePost
Here's the offending post that was emailed to me as evidence of spam:

<Quote follows>
@ChrisMayLA6
Prof May, those of us on this side of the pond can just replace "UK" with "US," and every word in your post remains accurate.
It's as if, left to their own devices, the morbidly wealthy will behave the same wherever they're found.
#UKPolitics #USPolitics #ExcessiveWealth #Economy #TuckersBalls

media.mstdn.social/media_attac…

Nov 13, 2025, 20:56 UTC
<end quote>

PS: Sorry to have taken so long to have gotten back to you, but it took me forever to gather this information from a suspended account.

"#Immigrants⚡helped to revive the Rust Belt town of Springfield, as part of a strategy by loc elected ofcls to rev pop decline & revitalize local bus'. Now🚨the fed govt will be forcing most of those ppl to leave; potentially at gunpoint."
-A R-Melnick

#DHS Sec confirms🚨#ICE #deportation Fs coming to Springf, in a co Trump won by 30 pts. Will Trump/Miller really turn Springf into the next MPLS? If so, GOPers *likely oppose it. #Trump's that toxic."
#Racism #Economy #USPol
newrepublic.com/article/212415…

#Ukraine keeps pulverizing Russian #logistics

So how is #Russia doing internally nowadays?

"Veteran Russian #Communist Party leader #GennadyZyuganov suggested using part of the trillions of rubles held in #bank accounts by households and businesses to support the #economy"

themoscowtimes.com/2026/06/22/…

oof

(note: this is controlled opposition. "renegades" are used by the #Kremlin, like #Medvedev's mad dog act on #socialMedia, so #Putin looks "sane" when he proposes something bad but so bad)

ABC News: Fewer than half of Americans say they can afford healthcare

abcnews.com/video/134013255/

#economy #healthcare

BBC: US inflation surges to three-year high of 4.2%

"...US prices in May rose at their fastest rate in three years, with inflation surging to 4.2%.

The rise, from 3.8% a month earlier, was largely driven by rising energy costs, the Bureau of Labor Statistics (BLS) said...."

bbc.com/news/articles/c0myzxjk…

#inflation #economy

CNN: Americans ‘don’t like the look of things’ and are growing more worried about their job and their finances

lite.cnn.com/2026/06/08/econom…

#economy #inflation

AND SO IT BEGINS

(not really, i don't know anything special. it's just that we all have been expecting the #AI bubble to burst and it will happen eventually. and i don't look forward to it because it will hurt a lot people, jobs and the #economy. and that's on the #techbros and their #FOMO)

" #Nasdaq falls 4% and suffers worst day since April 2025 as traders flee chip #stocks: Live updates"

cnbc.com/2026/06/04/stock-mark…

#technology #wallStreet

WaPo: House passes bill cutting food aid for pregnant women, children

Under the legislation, the Special Supplemental Nutrition Program for Women, Infants and Children — more commonly known as WIC — would lose $141 million in funding for fruit and vegetable benefits for the nearly 5.4 million children and pregnant and postpartum women enrolled, according to an estimate from the Center on Budget and Policy Priorities. The Senate has yet to consider the legislation.

#WIC #uspol #hunger #economy

If you don't know, #Russia has an annual #economy forum

So we're already in a joking mood

They had a 'Russia 2050' report

3 scenarios for 25 years out:

1. inertial: "American and Chinese hegemony"
2. bad: Russia loses the war and is "colonized"
3. good: "ideological war" victory, nukes are used for some reason, Kyiv/ Odesa/ Kharkiv/ "and so on" annexed, and... the #EU disintegrates I guess just for funsies

There's better amateur fan fiction conventions

euromaidanpress.com/2026/06/03…

#UkraineWar

Inquirer: Tomatoes become latest symbol of America’s affordability squeeze

Tomato prices are up almost 50% since last year. “Something as basic as buying fresh vegetables is starting to become a serious financial decision for many families,” says a New York chef.

inquirer.com/business/tomatoes…

#economy #economics #tomatoes #inflation

almost as if this Ai Hype has been a scam all along.

• Like NFTs, Shitcoins, Cloud Computing, Microservices, Offshore Outsorcing, Gig Work, …
  
  • No wounder we get Greedflation, when Execs never face Accountability & Consequences for chossing Buzzword-Driven Business Development against all facts!

  
  

#Sarcasm #Commentary #BuzzwordDrivenDevelopment #BuzzwordBingo #AI #AIslop #Scam #Economy #Greed #Greedflation #LackOfAccountability #LackOfConsequences #Accountability #Consequences #Executibes #Shitcoins #CloudComputing #Microservices #Offshoring #Outsorcing #GigWork

The Guardian: US inflation rose at fastest pace in three years in April as Iran war hikes up prices

theguardian.com/business/2026/…

#inflation #war #hunger #economy

another thought:

bank runs in #russia are a big possibility with the creaky russian #economy

and russia just passed a law allowing independent *bank* paramilitaries?

they didn't allow independent oil refinery corporation militaries

🤔

so what happens when a bunch of russians run to the bank to withdraw all of their money at the same time

and they are met with a freaking armed bank #paramilitary?

damn

this shit could go sideways quick

and the #kremlin knows it

and their "solution" sucks

CNN:New Fed report warns of ‘remarkable’ increase in households skipping meals due to food costs

"...There’s been a “remarkable” increase over the past few years in Americans struggling to put food on the table, and that’s likely contributing to record-low consumer sentiment readings, new Federal Reserve Bank of New York research showed Wednesday. ..."

lite.cnn.com/2026/05/27/econom…

#economy #inflation #hunger

LA Times: ‘Brutal’: A growing tribe of jobless techies is lost in Silicon Valley’s new reality

"...Battered by years of mass layoffs, California tech workers were hoping the job market would rebound this year. But things are getting worse.

Now, many are redrawing their career paths.

Artificial intelligence has triggered fierce competition for top talent and is also fueling tens of thousands of layoffs this year. The class divide is widening in Silicon Valley as a tiny group of employees is landing unprecedented packages for AI skills, while many others struggle to find work. ..."

(paywall)
latimes.com/business/story/202…

#ai #layoffs #economy #jobs

"Intuit is reportedly cutting about 3,000 jobs, or 17% of its workforce, as it restructures around AI and simplifies its corporate organization. TechCrunch reports: "

slashdot.org/story/26/05/20/20…

#intuit #layoffs #jobs #employment #ai #economy

Wired: Meta Employees Are Scrambling to Use Up Benefits Ahead of Layoffs

On the eve of about 8,000 jobs being cut, employees are cashing in on headphone stipends and other perks while they still can.

"...Two employees describe a widespread rush to use up an annual $2,000 flexible benefit, which can cover a variety of expenses including health and wellness activities. A separate triennial credit of $200 toward the purchase of audio gear has led to a scramble to purchase Apple AirPods and other headphones. Another source says Meta offices have been largely empty this week, as people prioritize polishing their résumés and gather offsite to commiserate with friends for what may be their final time as colleagues. Employees are variously “paralyzed,” “coasting,” and “panicked,” sources say...."

wired.com/story/meta-employees…

#meta #ai #jobs #economy #facebook

Okay, if this is real, this is worse than I was expecting. I've been thinking about secondary outputs but I've been thinking way more about plastics, inks, other secondaries.

I have been worried about products shortages but maybe not enough. I am and have been assuming that there will be preferential distribution to corporations (which obviously includes most freight) and least preference given to individuals trying to do their own work themselves - e.g., like RAM over the last several months. But I haven't thought about the price side of that.

And holy shit it's gonna get fugly.

So, uh, yeah.

Maybe buy an ebike. Maybe make some plans.

bsky.app/profile/carlquintanil…

#oil #OilPrice #IranWar #fascism #economy #EpsteinWar

Oof. Team? Brace for impact.

Wholesale inflation jumped to 6%, and unlike last time Trump's policies led to this, there's no strong economy and no plague to blame it on. It's not just oil.

msn.com/en-us/money/markets/wh…

You've got _maybe_ a couple of weeks before you see this hit retail. If there's something you need and you can order it early, doing it _now_ is... not a bad idea.

It's not always that simple, but this time it might be.

#economy #inflation #FuckTrump #FuckTheGOP #FuckRepublicans

ABC: Tomatoes, seafood and more: Why are these grocery prices soaring?

abcnews.com/Business/tomatoes-…

#inflation #economy

Axios: The U.S. inflation problem is getting worse

"...America's inflation problem is getting worse, not better, as 2026 progresses. New wholesale price data — on the heels of Tuesday's consumer price report — confirm it.

Why it matters: The evidence of continued price pressures stretches far beyond the energy price spike that occurred following the Iran war, and suggests ongoing pressures across a range of goods and services...."

axios.com/2026/05/13/ppi-iran-…

#inflation #economy #war

AP: "...The full impact of rising energy costs on food likely has not hit retail grocery prices yet in the U.S., according to Purdue University economists Ken Foster and Bernhard Dalheimer. Higher costs to produce, process, store and transport food can take three to six months to show up on supermarket shelves, where prices typically fall slowly once increased, they said. ..."

apnews.com/article/consumer-pr…

#supplychain #inflation #economy #hunger

WaPo: These grocery staples have spiked in price the most since Iran war began
Relentlessly climbing energy costs, coupled with tariffs and ongoing agricultural and farming issues, mean grocery bills are rising quickly and might do so for months.

...
Amid war, Trump says he doesn’t “think about Americans’ financial situation”
...

#economy #inflation #war #uspol

Missed this from Friday

ABC7: Desperate for help, people face 6-hour wait at Oxnard food distribution

abc7.com/post/desperate-help-p…

#economy #inflation #hunger #VenturaCounty

LA Times: Inflation accelerates as gas, rent and food prices climb

"...The consumer price index rose 3.8% from a year earlier, according to Bureau of Labor Statistics data out Tuesday, marking the fastest pace since 2023. From a month earlier, prices were up 0.6%...."

(paywall)
latimes.com/business/story/202…

#inflation #economy

(me: calling this the The Faux News Schism)

PBS: Older Americans say it's a good time to find a job. Younger people aren't buying it

pbs.org/newshour/economy/older…

#economy #jobs #unemployment

KTLA: Appliance giant warns of ‘recession-level’ declines as Iran war rattles consumers

ktla.com/news/nationworld/whir…

#economy #inflation #war

AP: Lower-income Americans hit hardest by gas price spike, widening inequalities

apnews.com/article/gas-prices-…

#inflation #economy