Tag: U.S.

BUSINESS

Jobs Growth Continues In U.S. Despite Pessimistic Outlook

Jobs growth showed no sign of a slowdown in the U.S. in January, defying fears that the economy is heading for a downturn. The Labor Department said employers added 517000 jobs. That was far more than expected, pushing the unemployment rate down to 3.4% — the lowest rate in 54 years. Support The Readers Bureau. Buy A T-Shirt Today (4 […]

NEWS

What Is Martin Luther King Jr. Day And Why Is It Celebrated?

Al Jazeera takes a look at this federal holiday and what it means in the United States. As the United States celebrates Martin Luther King Jr Day on Monday, we take a look at the celebration and its origins: What is Martin Luther King Jr Day and how did it come to be a holiday? Read more at Aljazeera.com Support […]

BUSINESS

Cost Of Living Declines In U.S.

A petrol price decline has positively impacted the cost of living in the US.  The U.S. Labor Department says inflation was 6.5 percent over the 12 months to the end of December, down from 7.1 percent in November. The inflation gauge also shows that some food items have also seen a price fall.  The pace has dropped for six consecutive […]

BUSINESS

US Black Friday Crowds Thin Despite Deals

Black Friday crowds in the U.S. have been described as “thin” despite attractive deals and discounts. Inflation-weary shoppers were expected to flock to Black Friday sales in record numbers. However, on what has traditionally been one of the busiest shopping days of the year, thin crowds were seen outside stores in a number of states. Many Americans who opened their […]

BUSINESS

U.S. Job Growth Shows Letup In Pace

Although job growth continues in the U.S., there is a dip in pace as rising prices and higher borrowing costs have put the economy in a spot of bother. The U.S. Labor Department, in its recent report, noted that employers added 261,000 jobs in October, while the unemployment rate rose slightly to 3.7%. The news comes as the economy remains […]

NEWS

Lavrov Draws Parallels Between Ukraine War, Cuban Missile Crisis

Russian Foreign Minister Sergey Lavrov says there are ‘similarities’ to the Cuban crisis, mainly because Russia is now threatened by Western weapons in Ukraine. Russian Foreign Minister Sergey Lavrov said he hopes US President Joe Biden has the wisdom to deal with a global confrontation similar to the 1962 Cuban missile crisis, referencing the war on Ukraine. Russia’s invasion of […]

BUSINESS

U.S. Mortgage Rates Running At 16-Year High

Mortgages in the U.S. are seeing their highest interest rates in 16 years. The increase follows the U.S. Federal Reserve’s aggressive interest rate hikes instituted to curb inflation sufficiently. Data from the U.S. Mortgage Bankers Association showed that mortgage rates have more than doubled since the start of the year. The average contract rate on 30-year fixed-rate mortgages rose by […]

BUSINESS

No Letup On US Inflation

The U.S. continues to see consumer prices rise in the month of September. This was more than expected and suggests that the country is still in a struggle to tame inflation. Inflation, the rate at which prices rise, was 8.2% in the 12 months to September, down from 8.3% in August. Despite the fall, the figure was still higher than […]

NEWS

U.S. Seeks Multinational Security Help For Haiti

The United States has drafted a United Nations Security Council resolution that will encourage the “immediate deployment of a multinational rapid action force” to Haiti to address the nation’s worst security and health crisis in decades. The draft resolution, confirmed by multiple U.S. and UN officials, comes in response to a call by UN Secretary-General António Guterres last week for […]

NEWS

No Distinction In Response If Russia Uses Nuclear Weapon

Jake Sullivan United States National Security Advisor, says the U.S. would not make any distinction in its response to Russia if it used a nuclear weapon in its war with Ukraine. He was responding to a hypothetical question of whether the U.S. would distinguish between so-called “tactical” nuclear weapons and those used in a wide-scale attack. “The use of a […]