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When businesses and consumers ramp up activities, UPS sees an uptick in package volumes, signaling economic growth and consumer confidence.
Conversely, a downturn in UPS’s business, such as a reduction in package volumes or revenue, can signal economic contraction or a looming recession. This sensitivity to the economic climate makes UPS’s operational metrics – from package volume to revenue trends – a barometer for assessing the overall health of the global economy.
When a company like this starts slashing jobs – 12,000 to be precise - it's an indicator. This is a staggering figure that’s more than just a number; it’s a harbinger of economic trends, both domestically and internationally. UPS’s decision is not an isolated event. The company’s package volume has slipped in the last quarter, a seemingly straightforward statement that carries significant weight. This decline is not just a corporate setback; it’s a reflection of broader economic softness, particularly in Europe.
Janet Yellen shocked the banking world when she said that America's “needed belt tightening is significant—larger than in most programs supported by the International Monetary Fund."
Yes, even larger than the bankrupt nations now beholden to the IMF, which demands a kind of austerity Americans might not survive. Examples:
By 2010, Greek debt had spiraled to 130% of GDP and climbing. No one was willing to lend them money anymore... forcing the IMF to swoop in with a "rescue" package that came with brutal strings attached.
Pensions were slashed by 40%. Public sector wages were frozen, then cut. Over 150,000 government workers were laid off. State assets—airports, ports, utilities—were sold off at fire-sale prices to foreign investors.
Greece's economy contracted by 25%. Youth unemployment hit 60%. An entire generation was hollowed out.
Argentina has been through the IMF wringer multiple times; in fact in in 2018, Argentina received the largest bailout in IMF history: $57 billion....
Martyn Lloyd-Jones declared, “Whenever you put happiness before righteousness, you will be doomed to misery. That is the great message of the Bible from beginning to end. They alone are truly happy who are seeking to be righteous.”
Attention antifa and transtifa and insurrectionists who hate ICE:
Nearly every state has specific statutes that criminalize willfully interrupting or disturbing a religious assembly or worship service. These laws protect the right of people to gather and practice their religion without intentional interference.
Let the Minneapolis arrests begin.
