Econobits.com

Monday, March 31, 2025

Las Vegas shutters another famous casino staple in days... leaving just seven left on the Strip

https://www.dailymail.co.uk/yourmoney/article-14548261/las-vegas-shutters-famous-casino-staple-closure.html

Asian shares are sharply lower over concerns about the U.S. economy

https://www.npr.org/2025/03/31/g-s1-57260/global-shares-are-sharply-lower-as-tokyo-tumbles-4-after-wall-street-retreat

AI's "Biggest Test" Is Turning Into a Catastrophe as CoreWeave Flounders

https://futurism.com/ai-test-coreweave

Urgent health warning for Aussie state as outbreak of measles disease spreads

https://www.dailymail.co.uk/news/article-14552067/Measles-outbreak-perth-WA.html

Goldman Sachs Raises US Recession Risk To 35%, Expects Inflation At 3.5% In 2025 Amid Tariff Uncertainties: Economist Mohamed El-Erian Highlights 'Stagflationary Twist'

https://www.benzinga.com/markets/equities/25/03/44554304/goldman-sachs-raises-us-recession-risk-to-35-expects-inflation-at-3-5-in-2025-amid-tariff-uncertainties-economist-mohamed-el-erian-highlights-stagflationary-twist

Sunday, March 30, 2025

A ‘no limits’ partnership that will be an unstoppable global force

https://www.scmp.com/opinion/article/3304481/no-limits-partnership-will-be-unstoppable-global-force

'Not currently priced in': What Wall Street is saying about Trump's April tariff deadline

https://finance.yahoo.com/news/not-currently-priced-in-what-wall-street-is-saying-about-trumps-april-tariff-deadline-130002337.html

Can We Exit from a World of Debt?

https://znetwork.org/znetarticle/can-we-exit-from-a-world-of-debt/

Major electric company secures loan to make a game-changing shift that could save customers money: 'Exciting'

https://www.thecooldown.com/green-business/aps-loan-arizona-public-service-renewable-energy/

Opinion | Why Brussels should listen to Europe’s CEOs who want closer China ties

https://www.scmp.com/opinion/world-opinion/article/3304018/why-brussels-should-listen-europes-ceos-who-want-closer-china-ties

Saturday, March 29, 2025

Macroscope: The sun is setting on the US dollar, but what could replace it?

https://www.scmp.com/opinion/world-opinion/article/3304233/sun-setting-us-dollar-what-could-replace-it

New wave of smaller, cheaper nuclear reactors sends US states racing to attract the industry

https://apnews.com/article/nuclear-energy-power-reactors-electricity-trump-climate-b9b31a1cc83298cd9b691c1f44a6f60f

US deploys stealth bombers to the Chagos Islands in a warning to the Houthis and Iran

https://www.gbnews.com/news/us/us-deploys-stealth-bombers-chagos-islands-houthis-iran

A looming risk to the US economy: Personal savings rate

https://finance.yahoo.com/news/a-looming-risk-to-the-us-economy-chart-of-the-week-100027126.html

Friday, March 28, 2025

‘Disappointed but not surprised’: Measles cases jump 28% to nearly 500, explodimg in 19 states, new outbreak confirmed

https://www.ksn.com/news/health/disappointed-but-not-surprised-measles-cases-explode-in-19-states-new-outbreak-confirmed/

Consumer sentiment falls to lowest since November 2022 as labor market optimism continues to fade

https://finance.yahoo.com/news/consumer-sentiment-falls-to-lowest-since-november-2022-as-labor-market-optimism-continues-to-fade-142411959.html

Taking blood pressure drug at night lowers heart disease risk

https://knowridge.com/2025/03/taking-blood-pressure-drug-at-night-lowers-heart-disease-risk/

China offers to team up with Europe to fight back against Trump's tariff war

https://www.tag24.com/world/china/china-offers-to-team-up-with-europe-to-fight-back-against-trumps-tariff-war-3372238

Fed's preferred inflation gauge shows prices increased more than expected in February

https://finance.yahoo.com/news/feds-preferred-inflation-gauge-shows-prices-increased-more-than-expected-in-february-123310140.html

‘Maximize The Pain’: Top Canadian Official Vows Brutal Tariff Response Against Americans

https://www.huffpost.com/entry/doug-ford-donald-trump-retaliation-tariffs_n_67e63d92e4b0ce900a28cb21

China’s top diplomat Wang Yi to visit Moscow amid tensions over war in Ukraine

https://www.scmp.com/news/china/diplomacy/article/3304336/chinas-top-diplomat-wang-yi-visit-moscow-amid-tensions-over-war-ukraine

Thursday, March 27, 2025

Judge allows ‘New York Times’ copyright case against OpenAI to go forward

https://www.npr.org/2025/03/26/nx-s1-5288157/new-york-times-openai-copyright-case-goes-forward

US could default on $36.6T debt by May or August 2025 if Congress fails to act, CBO warns

https://english.nv.ua/business/us-could-default-on-36-6t-debt-by-may-or-august-2025-if-congress-fails-to-act-cbo-warns-50501344.html

Measles outbreak in Ohio confirmed by officials

https://www.dispatch.com/story/news/healthcare/2025/03/26/measles-outbreak-ohio-cases-vaccine-ashtabula-county/82677440007/

Wednesday, March 26, 2025

Reverse Mortgage to Fund Your Retirement? Here’s When It Makes Sense

https://money.com/when-to-use-a-reverse-mortgage/

Wall Street bonuses hit record high

https://www.cnn.com/2025/03/26/business/wall-street-bonuses/index.html

Why Trump’s Venezuela tariff move presents a dilemma for China

https://www.scmp.com/economy/china-economy/article/3303909/why-trumps-venezuela-tariff-move-presents-dilemma-china

Is The USAID Shutdown Boosting China's 'Soft Power'? Experts Weigh In As Beijing Steps in to Fund Projects Across Asia And Africa

https://www.benzinga.com/25/03/44491608/is-the-usaid-shutdown-boosting-chinas-soft-power-experts-weigh-in-as-beijing-funds-projects-across-asia-and-africa

Tuesday, March 25, 2025

Digital coupons banned under first-in-the-nation law - it stops customers from being 'squeezed' in checkout line

https://www.the-sun.com/money/13864146/digital-coupon-ban-grocery-store-law-paper/

From foul to fuel: how a seaweed problem could power the Caribbean

https://www.theguardian.com/environment/2025/mar/25/seaweed-caribbean-grenada-sargassum-biotechnology-energy-climate-crisis-ocean

As Trump turns world order on its head, can China, Japan, South Korea shape global future?

https://www.scmp.com/news/china/diplomacy/article/3303850/trump-turns-world-order-its-head-can-china-japan-south-korea-shape-global-future

Monday, March 24, 2025

Decline of the US dollar as dominant global currency is inevitable: economists

https://www.scmp.com/economy/china-economy/article/3303654/decline-us-dollar-dominant-global-currency-inevitable-economists

‘Recage the Executive Lion’: The Supreme Court Could Prod Congress To Rein in a Rampant Presidency

https://www.nysun.com/article/recage-the-executive-lion-the-supreme-court-could-prod-congress-to-rein-in-a-rampant-presidency

Sunday, March 23, 2025

Company behind latest financial breakthrough is gaining traction for good reason: 'Quite a magical concept'

https://www.thecooldown.com/green-business/toco-digital-currency-carbon-climate-change/

China limits bismuth exports after Trump tariffs, driving prices up sixfold

https://english.nv.ua/business/china-limits-bismuth-exports-after-trump-tariffs-driving-prices-up-sixfold-50500084.html

Missouri moving to seize China-owned farmland, assets to collect landmark $24 billion judgment

https://justthenews.com/government/security/missouri-moving-seize-china-owned-farmland-assets-collect-landmark-24-billion

Saturday, March 22, 2025

World's largest hydrogen reserve found in France, $92 billion jackpot

https://interestingengineering.com/energy/france-worlds-largest-hydrogen-deposit

Classified Spacecraft Touches Down After 434 Days in Space, Authorities Release Statement

https://theheartysoul.com/x-37b-classified-spacecraft-touches-down/

How Far $1,250,000 in Retirement Savings Plus Social Security Goes in Every State

https://www.gobankingrates.com/retirement/planning/how-far-1250000-dollars-retirement-savings-plus-social-security-goes-every-state/

China unveils a powerful deep-sea cable cutter that could reset the world order

https://www.scmp.com/news/china/science/article/3303246/china-unveils-powerful-deep-sea-cable-cutter-could-reset-world-order

Friday, March 21, 2025

Measles outbreak surpasses 350 cases and is expected to keep growing

https://www.cnn.com/2025/03/21/health/measles-outbreak-spread-expected/index.html

Broad Ripple Launches Third Thursdays

https://www.lovebroadripple.com/third-thursdays

No laughing matter: Misuse of nitrous oxide on the rise

https://6abc.com/post/no-laughing-matter-misuse-nitrous-oxide-rise-action-news-investigation/16056900/

DoorDash will soon let users eat now and pay in installments

https://www.cnn.com/2025/03/21/business/doordash-klarna-buy-now-pay-later-partnership/index.html

Scientists Discover Cells That Defy Death and Form New Life After the Body Dies. Enter The "Third State"

https://www.zmescience.com/science/news-science/cells-life-after-death-third-state/

'Wait, Tariffs Are Just A Tax On Us?'—Employee Shocked As Small Business Owner Cuts His Hours 'Because Of The Tariffs'

https://www.benzinga.com/news/25/03/44347512/wait-tariffs-are-just-a-tax-on-us-employee-shocked-as-small-business-owner-cuts-his-hours-because-of-the-tariffs

Thursday, March 20, 2025

Oklahoma Reporting Measles Cases Related to Texas/New Mexico Outbreak

https://www.healthday.com/healthpro-news/infectious-disease/oklahoma-now-reporting-measles-cases-related-to-texasnew-mexico-outbreak

Finland ranked happiest country in the world as US falls to its lowest-ever position

https://apnews.com/article/world-happiness-report-ranking-finland-afghanistan-us-b41c1712448762d98fe9e4f80233c15f

US drops to lowest position ever in Gallup World Happiness Report

https://www.semafor.com/article/03/20/2025/us-drops-to-lowest-position-ever-in-world-happiness-report

A Stock Market Alarm Is Sounding for the Third Time in 20 Years. History Says This Will Happen Next.

https://www.fool.com/investing/2025/03/20/stock-market-alarm-sound-20-years-this-happen-next/

Wednesday, March 19, 2025

Economists React To Powell: 'We Are Now Seeing The Stag And The Flation'

https://www.benzinga.com/economics/macro-economic-events/25/03/44406928/economists-react-to-powell-we-are-now-seeing-the-stag-and-the-flation

'Not survivable': Lake Tahoe could be a deathtrap during big fires

https://calmatters.org/environment/wildfires/2025/03/tahoe-wildfires-evacuation-deathtrap/

A Dutch 'fish doorbell' has turned into an unlikely online hit combining slow TV and ecology

https://apnews.com/article/fish-doorbell-netherlands-internet-streaming-f09da0435a61e88a1d7b0372920bb7da

Officials sound alarm as invisible threat creeps closer to major U.S. city: 'An issue of concern for all of us'

https://www.thecooldown.com/outdoors/rising-sea-levels-threaten-philly-drinking-water/

Tuesday, March 18, 2025

US Sees First Outbreak Of H7N9 Bird Flu Since 2017

https://www.iflscience.com/us-sees-first-outbreak-of-h7n9-bird-flu-since-2017-78458

China says Panama ports sale to BlackRock is an example of ‘economic coercion.’ Investors are spooked

https://www.cnn.com/2025/03/18/business/hong-kong-ck-hutchison-panama-ports-sale-hnk-intl/index.html

Why Canada has plenty of eggs — and the U.S. doesn't

https://www.npr.org/2025/03/18/nx-s1-5330454/egg-shortages-record-prices-usda-canada

China scrutinising Hong Kong firm’s sale of Panama Canal ports to US consortium

https://www.aljazeera.com/news/2025/3/18/china-scrutinising-hong-kong-firms-sale-of-panama-canal-ports

As US tariffs bite, China helps its exporters pivot to a new market – China

https://www.scmp.com/economy/china-economy/article/3302805/us-tariffs-bite-china-helps-its-exporters-pivot-new-market-china

Monday, March 17, 2025

Trump's America is becoming a 'rogue nation' — and the world can make us suffer: Nobel economist

https://www.rawstory.com/paul-krugman-trump-2671341283/

Retail sales rise less than expected in February

https://finance.yahoo.com/news/retail-sales-rise-less-than-expected-in-february-123534269.html

China’s latest plan to boost consumption is ‘most comprehensive’ since 1970s

https://www.scmp.com/economy/china-economy/article/3302645/chinas-latest-plan-boost-consumption-most-comprehensive-1970s

Tiny sparks in water may have started life on Earth

https://knowridge.com/2025/03/tiny-sparks-in-water-may-have-started-life-on-earth/

And then there were 8: Another Strip casino is closing its buffet

https://www.reviewjournal.com/business/casinos-gaming/las-vegas-strip-casino-shutting-down-its-buffet-3320309/

Sunday, March 16, 2025

Rare Earth minerals are important, experts say, but so is copper

https://www.npr.org/2025/03/16/nx-s1-5327095/copper-rare-earth-minerals-mining-electronics

Opinion | Like yuan internationalisation, US re-industrialisation is a fairy tale

https://www.scmp.com/opinion/world-opinion/article/3302135/yuan-internationalisation-us-re-industrialisation-fairy-tale

Saturday, March 15, 2025

Texas measles outbreak reaches 259 cases with unvaccinated particularly at risk

https://www.the-express.com/news/us-news/166422/texas-measles-outbreak-reaches-259-unvaccinated

'Horrific Report': Economists Warn Consumer Confidence Collapse Signals Economic Troubles

https://www.benzinga.com/economics/macro-economic-events/25/03/44337983/horrific-report-economists-warn-consumer-confidence-collapse-signals-economic-trouble

Friday, March 14, 2025

How Far a Household Income of $80K Goes in Every State

https://www.gobankingrates.com/money/economy/how-far-household-income-of-80k-goes-in-every-state/

FDA-Approved Cologuard Plus Is a New Colonoscopy Alternative

https://www.everydayhealth.com/cancer/popular-at-home-colon-cancer-test-gets-an-upgrade/

'Adult in the room': Trump tariffs pushing allies to turn to President's historical enemy

https://www.rawstory.com/donald-trump-tariffs-china/

US meat trade days away from getting 'kicked out' of China

https://www.abc.net.au/news/2025-03-14/3-billion-united-states-meat-trade-to-china-at-risk/105052220

Thursday, March 13, 2025

SpaceX Crew-10 mission launch canceled due to launch pad issue

https://thehill.com/homenews/space/5192407-nasa-spacex-launch-canceled/

How ProPublica Uses AI Responsibly in Its Reporting

https://www.propublica.org/article/using-ai-responsibly-for-reporting

Danish grocery stores have a new trick for boycotting U.S. products

https://www.fastcompany.com/91296407/danish-grocery-stores-have-a-new-trick-for-boycotting-us-products

Wednesday, March 12, 2025

'People are furious': US products 'less accepted by' other countries as Europeans join boycott

https://www.alternet.org/news-politics/trump-canada-eu-boycott/

World’s largest ‘water battery’ is now fully operational as it reaches a historic milestone: ‘It’s inspiring’

https://www.thecooldown.com/green-tech/china-water-battery-fengning-station/

The European Union retaliates after the U.S. metals tariffs take hold

https://www.npr.org/2025/03/12/g-s1-53280/european-union-us-metals-tariffs

Edmunds: 2025 Honda CR-V vs. 2025 Subaru Forester

https://apnews.com/article/suvs-forester-crv-car-shopping-6d23285487b5a0f76845b8be5ea8406c

Man lives for 100 days with artificial titanium heart in successful new trial

https://www.cnn.com/2025/03/12/health/australia-artificial-heart-100-days-intl-hnk/index.html

Tuesday, March 11, 2025

Democrats release stopgap funding bill as House GOP plows forward with CR vote

https://thehill.com/business/budget/5187247-democrats-stopgap-funding-bill/

Another Major Airport Issues Warning Over Infectious Virus

https://www.wideopencountry.com/another-major-airport-issues-warning-over-infectious-virus/

China's 40-story gravity batteries threaten lithium's energy reign

https://interestingengineering.com/energy/gravity-batteries-for-renewable-energy

Monday, March 10, 2025

Top shipping broker Clarksons says war and Trump tariff fears have hit revenues

https://www.theguardian.com/business/2025/mar/10/shipping-broker-clarksons-trump-turmoil-revenues-shares

Mark Carney: The 'anti-Trump' numbers man who may force the UK to take a side

https://www.bbc.com/news/articles/c80y3m249z3o

Sunday, March 9, 2025

Recession fears are being blown out of proportion. Worry about inflation instead

https://www.cnn.com/2025/03/09/business/recession-fears-inflation/index.html

Newly Discovered ‘Limitless’ Energy Source Could Fuel a Country for 60,000 Years

https://theheartysoul.com/scientists-discover-limitless-energy-source/

China learned from Trump's first trade war and changed its tactics when tariffs came again

https://apnews.com/article/tariffs-china-trump-xi-trade-war-debaa669593271d79658bb8b9ce42572

Saturday, March 8, 2025

'No one voted for this': #TeslaTakedown actions pick up steam — and are 'going global'

https://www.alternet.org/tesla-takedown/

The anti-Cybertruck? This new electric pick-up is the size of a Mini and a novel way to haul your gear

https://www.techradar.com/vehicle-tech/hybrid-electric-vehicles/the-anti-cybertruck-this-new-electric-pick-up-is-the-size-of-a-mini-and-the-cutest-way-to-haul-your-gear

Friday, March 7, 2025

West Texas reports nearly 200 measles cases. New Mexico is up to 30

https://apnews.com/article/measles-texas-new-mexico-deaths-mmr-vaccine-a1295c78fade561479da65d72d8a5774

China Fires Off Furious New Threats Over Trump Tariffs

https://www.thedailybeast.com/china-fires-off-furious-new-threats-over-trump-tariffs/

Chinese scientists build world’s first AI chip made of carbon and it’s super fast

https://www.scmp.com/news/china/science/article/3301229/chinese-scientists-build-worlds-first-ai-chip-made-carbon-and-its-super-fast

These U.S. States Face a Big Electricity Bill as Canada Refuses to Pause Tariffs

https://www.thedailybeast.com/these-us-states-face-a-big-electricity-bill-as-canada-refuses-to-pause-tariffs/

Thursday, March 6, 2025

Late car payments hit highest level in decades, alarming economists

https://qz.com/borrowers-feel-the-strain-pushing-auto-delinquencies-h-1851768163

Announced layoffs have 'jumped to levels not seen since the last two recessions'

https://www.rawstory.com/trump-recession-2671280504/

How the U.S. federal workforce differs from those in other countries

https://www.npr.org/2025/03/06/nx-s1-5310542/federal-workforce-other-countries-compared

3 federal buildings in Indiana could be closed because they are 'non-core'

https://fox59.com/news/3-federal-buildings-in-indiana-could-be-closed-because-they-are-non-core/

What is stagflation and why does it matter for the economy?

https://qz.com/stagflation-may-make-its-first-return-in-50-years-what-1851767882

Wednesday, March 5, 2025

Private Employment Rises By 77,000 In February, Well Below 144,000 Forecast: 'Hiring Hesitancy Among Employers'

https://www.benzinga.com/news/econ-s/25/03/44140282/private-employment-rises-by-77000-in-february-well-below-144000-forecast-hiring-hesitancy-among-employers

Nauru, a tiny Pacific country, is selling citizenship for $105,000 to save itself from rising seas

https://www.cnn.com/2025/03/05/climate/nauru-passport-program-rising-seas/index.html

China warns it's 'ready for any type of war' after Trump's speech

https://metro.co.uk/2025/03/05/china-warns-ready-type-war-trumps-speech-22670585/

Tuesday, March 4, 2025

The best American vehicles to buy during Trump's tariffs, recommended by Consumer Reports

https://www.thestreet.com/automotive/the-best-american-vehicles-to-buy-during-trumps-tariffs-recommended-by-consumer-reports

13 Canned Meats To Always Stock Up On

https://www.thedailymeal.com/1796493/best-canned-meats-stock-up-on/

Canada hits back at US tariffs after warning of 'existential threat'

https://www.bbc.com/news/articles/c89ye749nxvo

Canadian PM Justin Trudeau Retaliates With 25% Tariffs On US Goods Amid Escalating Trade War

https://www.benzinga.com/25/03/44102599/canadian-pm-justin-trudeau-retaliates-with-25-tariffs-on-us-goods-amid-escalating-trade-war

EU 'deeply regrets' US tariffs on imports from Mexico and Canada

https://nordot.app/1269615411257574196

Monday, March 3, 2025

Measles outbreak: RFK Jr. calls for vaccinations as cases confirmed in 10 states

https://www.newsnationnow.com/health/rfk-jr-measles-cases-northeast/

As China sweeps top spots, chemistry seems to be dying in the US. Is this a power shift?

https://www.scmp.com/news/china/science/article/3300488/china-sweeps-top-spots-chemistry-seems-be-dying-us-power-shift

Trump tariffs poised to 'wreak havoc' on US car market: Bloomberg

https://www.rawstory.com/trump-tariffs-2671252202/

Warren Buffett Calls Tariffs 'An Act Of War,' Warns They Function As A Tax On Goods Amid Market Turmoil

https://www.benzinga.com/markets/equities/25/03/44070257/warren-buffett-calls-tariffs-an-act-of-war-warns-they-function-as-a-tax-on-goods-amid-market-turmoil

Sunday, March 2, 2025

'We're on the moon!' Private Blue Ghost moon lander aces historic lunar landing for NASA

https://www.space.com/the-universe/moon/were-on-the-moon-private-blue-ghost-moon-lander-aces-historic-lunar-landing-for-nasa

UK, France and Ukraine agree to work on ceasefire plan for Russia's war in Ukraine

https://www.npr.org/2025/03/02/g-s1-51585/uk-france-ukraine-ceasefire-plan

Saturday, March 1, 2025

Why The Trump-Zelensky "Shouting Match" Is Such Good News For Xi Jinping

https://worldcrunch.com/world-affairs/china-ukraine-war

Measles Cases Have Just Been Confirmed in 4 More States including New Jersey

https://www.thehealthy.com/respiratory/measles-cases-confirmed-in-4-more-states/

Atlanta Fed predicts negative 1.5 percent GDP growth in first quarter

https://thehill.com/business/5169308-atlanta-fed-gdp-contraction/

‘A spectacle to horrify the world’: what the papers say about Trump and Vance’s meeting with Zelenskyy

https://www.theguardian.com/media/2025/mar/01/a-spectacle-to-horrify-the-world-what-the-papers-say-about-trump-and-vances-meeting-with-zelenskyy

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About Me:

About Me:
Jim Polito
Associate Professor (retired)
Finance and Economic Analysis
Marian University
3200 Cold Spring Road
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drjimpolito@gmail.com

Blog Archive:

  • ▼  2025 (660)
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    • ►  May (109)
    • ►  April (152)
    • ▼  March (117)
      • Las Vegas shutters another famous casino staple in...
      • Asian shares are sharply lower over concerns about...
      • AI's "Biggest Test" Is Turning Into a Catastrophe ...
      • Urgent health warning for Aussie state as outbreak...
      • Goldman Sachs Raises US Recession Risk To 35%, Exp...
      • A ‘no limits’ partnership that will be an unstoppa...
      • 'Not currently priced in': What Wall Street is say...
      • Can We Exit from a World of Debt?
      • Major electric company secures loan to make a game...
      • Opinion | Why Brussels should listen to Europe’s C...
      • Macroscope: The sun is setting on the US dollar, b...
      • New wave of smaller, cheaper nuclear reactors send...
      • US deploys stealth bombers to the Chagos Islands i...
      • A looming risk to the US economy: Personal savings...
      • ‘Disappointed but not surprised’: Measles cases ju...
      • Consumer sentiment falls to lowest since November ...
      • Taking blood pressure drug at night lowers heart d...
      • China offers to team up with Europe to fight back ...
      • Fed's preferred inflation gauge shows prices incre...
      • ‘Maximize The Pain’: Top Canadian Official Vows Br...
      • China’s top diplomat Wang Yi to visit Moscow amid ...
      • Judge allows ‘New York Times’ copyright case again...
      • US could default on $36.6T debt by May or August 2...
      • Measles outbreak in Ohio confirmed by officials
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