Grim times lie ahead for UK as inflation combines with low growth

The UK is in the throes of the kind of labour unrest not seen for decades. This is visible in the railways, London Underground and British Airways. Teachers and other public sector workers may join in. The explanation for this is clear. Unanticipated inflation delivers losses everybody wants to recoup. This triggers social conflict. Yet … Read more

texas: School massacre continues Texas’ grim run of mass shootings

Once again, one of America’s deadliest mass shootings happened in Texas. Past shootings targeted worshippers during a Sunday sermon, shoppers at a Walmart, students on a high school campus and drivers on a highway. Among the latest victims were 19 children and two teachers in the small town of Uvalde, west of San Antonio, where … Read more

world economic forum WEF 2022: Outlook grim for global recession but experts weigh how much

As the Russia-Ukraine conflict continues, central bankers and economists are fearful that the world may be headed for recession. While the supply chains remain choked as many of China’s factories are still closed due to Covid-19 spread, markets are panicky, with technology stocks in particular distress, and inflation is running high. … Read more

price rise: Inflation nation: Tighten your belts. Current price rise cycle will likely be long and grim

Even the gods, it seems, are being singed by inflation, if the experience of devotees like Shekhar M Shetty is anything to go by. Faced with the rising prices of nearly everything, one of the expenses the 68-year-old entrepreneur has cut back on are his offerings to the divine. “If I used to spend around … Read more

Grim search in blown-out Havana hotel, death toll at 26 By Reuters

© Reuters. FILE PHOTO: Members of the emergecy services walk near the Hotel Saratoga after an explosion in the building, in Havana, Cuba May 6, 2022. REUTERS/Alexandre Meneghini By Marc Frank HAVANA (Reuters) – Cuban rescue workers on Saturday picked through rubble for bodies and possible survivors after a Havana boutique hotel was devastated by … Read more