U.S. Conditions<\/strong><\/p>\n \u201cRecord-high 50% of Americans<\/a> rate U.S. moral values as ‘Poor’.\u201d<\/p>\n \u201cSelf-care shortage: Americans feel relaxed for just 40 minutes a day<\/a>.\u201d<\/p>\n \u201cThe Federal Reserve hiked [interest] rates by 75 basis points [on June 15, 2022] \u2014 its largest increase since 1994<\/a>.\u201d<\/p>\n \u201cWeekly jobless claims hit 229,000, the highest level since January [2022]<\/a>.\u201d<\/p>\n \u201cMortgage demand is now roughly half<\/a> of what it was a year ago, as interest rates move even higher.\u201d<\/p>\n \u201cProperty prices PLUNGE by up to 20%<\/a> across parts of US as buyers shun the market amid ‘Bidenflation’ and spiking interest rates.\u201d<\/p>\n \u201cHomebuilder sentiment tumbles back below<\/a> pre-COVID levels.\u201d<\/p>\n \u201cReal estate firms Compass and Redfin announce layoffs<\/a> as housing market slows.\u201d<\/p>\n \u201cInflation has 67% of people dipping into their savings<\/a> to pay for necessities, new survey reveals.\u201d<\/p>\n \u201cUS producer prices soar 10.8% in May<\/a> as energy costs spike.\u201d<\/p>\n \u201cGas prices reach record high for 18th consecutive day.\u201d<\/p>\n \u201cDomestic flight prices increased 47%<\/a> since January [2022].\u201d<\/p>\n \u201cUS retail sales unexpectedly tumble in May [2022].\u201d<\/p>\n \u201cSmall business optimism drops to record low<\/a>.\u201d<\/p>\n \u201cCreeping back: US bankruptcy filings on the up<\/a>.\u201d<\/p>\n \u201cCoinbase to lay off 18% of staff<\/a> amid crypto meltdown.\u201d<\/p>\n \u201cFord recalls nearly 3 million vehicles<\/a> over rollaway concerns.\u201d<\/p>\n \u201cMore people are avoiding the news<\/a>, and trusting it less, report says.\u201d<\/p>\n International Conditions<\/strong><\/p>\n \u201cPoor countries forced to cut public spending<\/a> to pay debts, campaigners say.\u201d<\/p>\n \u201cProperty values fall<\/a> across US, Europe on bite from inflation.\u201d<\/p>\n \u201cDouble blow to Europe\u2019s gas supplies sparks price surge<\/a>.\u201d<\/p>\n \u201cA majority of Scots are worried by lack of low-rent housing<\/a>.\u201d<\/p>\n \u201cBank of England hikes rates for the fifth time in a row<\/a> as inflation soars.\u201d<\/p>\n \u201cCanadian businesses bankruptcies surge<\/a> \u2014 and some fear this is just the beginning.\u201d<\/p>\n \u201cGlobal nuclear arsenal set to grow for first time in decades<\/a>.\u201d<\/p>\n \u201cBulgarian restauranteurs: Increasing VAT on wine and beer dooms restaurants to bankruptcy<\/a>.\u201d<\/p>\n \u201c100,000 Turkish doctors strike<\/a> amid growing global movement of health care workers.\u201d<\/p>\n \u201cChild type 2 diabetes referrals in England and Wales jump 50%<\/a> amid obesity crisis.\u201d<\/p>\n \u201cBelgium hit by increasing levels of obesity<\/a>.\u201d<\/p>\n \u201cMiddle East and North Africa: addressing highest rates of youth unemployment in the world<\/a>.\u201d<\/p>\n \u201c4.1 million Kenyans<\/a> facing starvation due to drought.\u201d<\/p>\n \u201cNearly one million<\/a> Chadians are in acute food insecurity.\u201d<\/p>\n \u201cAfrica\u2019s middle class struggles to keep pace with rising inflation<\/a>.\u201d<\/p>\n \u201cGaza: Over half of Palestinian children<\/a> have contemplated suicide, report finds.\u201d<\/p>\n \u201cFears growing over who will pay for Lebanon\u2019s bankruptcy<\/a>.\u201d<\/p>\n \u201cBrazil raises key rate by 50 points<\/a>, signals more to come.\u201d<\/p>\n \u201cAgrarian unions warn of a serious food crisis<\/a> in Peru exacerbated by corruption. In March 2022, Peru’s inflation is the highest in the last 26 years.\u201d<\/p>\n \u201cAs Sri Lanka\u2019s crisis worsens, rising numbers<\/a> flee by sea.\u201d<\/p>\n \u201cPhilippine debt balloons to new record-high<\/a> P12.76T as of end-April [2022].\u201d<\/p>\n \u201cThailand\u2019s inflation could reach 5.9% \u2013 the highest for 24 years<\/a>.\u201d<\/p>\n *****<\/strong><\/p>\n The only way to extricate society out of the all-sided crisis it is mired in is by depriving the rich of their ability to deprive everyone of their rights. There is no way to move forward without organizing ourselves to restrict the power of the rich to destroy the natural and social environment. A change in the aim and direction of the economy is not going to come from the financial oligarchy. Working people and their allies must organize themselves to affirm the right to decide all the affairs of society.<\/p>\n Part one<\/a> (April 10, 2022); Part two<\/a> (April 25, 2022); Part three<\/a> (May 10, 2022); Part four<\/a> (May 16, 2022); Part five<\/a> (May 22, 2022); Part six<\/a> (May 30, 2022); Part seven<\/a> (June 6, 2022); Part eight<\/a> (June 13, 2022).<\/p>\n This post was originally published on Dissident Voice<\/a>. <\/p>","protected":false},"excerpt":{"rendered":" As the long depression that started many years ago deepens, it can be seen that there is no letup in deteriorating economic and social conditions at home and abroad. The so-called \u201cdeath spiral\u201d continues worldwide. Many new records are being set, sometimes every week or every day. Instability, chaos, and anarchy are becoming more entrenched [\u2026]<\/p>\n The post \u201cBooming\u201d Economy Leaves Millions Behind: Part Nine<\/a> first appeared on Dissident Voice<\/a>.<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[459,305],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/705158"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=705158"}],"version-history":[{"count":1,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/705158\/revisions"}],"predecessor-version":[{"id":705159,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/705158\/revisions\/705159"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=705158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=705158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=705158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/dissidentvoice.org\/wp-content\/uploads\/2021\/12\/51aJlTn5R8L._SX331_BO1204203200_-1.jpg\")
<\/a><\/p>The post \u201cBooming\u201d Economy Leaves Millions Behind: Part Nine<\/a> first appeared on Dissident Voice<\/a>.\n