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7,736
Electric Vehicles in Thailand
Great news. I know someone with a tube of anti-gloating cream he can now use as a suppository on himself. And on that subject, can there really be any doubt that EV's are here to stay? -
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Warning Signs of US Recession: A Potential Setback for Kamala Harris
Donald Trump has consistently argued that the economy under Joe Biden has been disastrous, and until recently, the data did not support his claim. The United States has been the fastest-growing G7 nation since the Covid pandemic, with historically low unemployment and less severe inflation compared to Europe after Russia's invasion of Ukraine. However, recent developments provide Trump with some evidence to back his argument. The latest US jobs figures indicate a significant cooling of the labor market. In July, payroll growth slowed to 114,000, about half the average of 215,000 from the previous 12 months and well below economists' expectations. The unemployment rate also rose from 4.1% to 4.3%, causing alarm. Financial markets, which had bet heavily on the US economy's resilience to higher interest rates, are now worried about a potential hard landing. Concerns about the US economy cooling rapidly contributed to a 12% drop in Japan's Nikkei index. The Federal Reserve's Sahm rule, a measure named after economist Claudia Sahm, gauges whether the US economy is in recession. According to this rule, if the three-month moving average of the unemployment rate is 0.5 percentage points or more above its low over the previous 12 months, the economy is in the early months of recession. The recent jobless report from the Bureau of Labor Statistics indicates that the Sahm rule is close to being triggered. Unless the unemployment rate falls, the rule will be met next month. Historically, the Sahm rule has been a reliable predictor of impending US recessions, prompting some to argue that the Federal Reserve has delayed cutting interest rates for too long. Speculation has arisen that the Fed might announce an emergency rate cut before its next scheduled meeting. However, some economists caution against relying too heavily on the Sahm rule. Dhaval Joshi, an analyst at BCA Research, notes an unprecedented decoupling between robust economic growth and rising unemployment. Unlike in the past 60 years, when an increase in the unemployment rate by 0.5% in a year signaled a recession, current GDP growth remains strong. Joshi attributes the rising unemployment not to widespread layoffs but to an increase in labor supply outpacing labor demand. He suggests that the stock market, particularly tech stocks exposed to the artificial intelligence boom, is more vulnerable to a recession than the real economy. In addition to rising unemployment, other economic indicators pose challenges for Kamala Harris as she counters Trump's critiques of the administration's economic performance. For example, the performance of UPS, often seen as a barometer of the US economy, fell short of analysts' estimates last month, leading the company to lower its growth forecasts for 2024. With the presidential election only three months away, the US economy is not on the brink of an immediate recession. However, signs of households cutting back on spending spell trouble for Harris, the Democratic presidential hopeful. The cooling labor market and other economic indicators provide Trump with ammunition to argue that Biden's economic policies have failed, potentially swaying voters as the election approaches. Credit: The Guardian 2024-08-06 Get our Daily Newsletter - Click HERE to subscribe Cigna offers a variety of health insurance plans designed to meet the minimum requirement for medical treatment coverage, with benefits reaching up to THB 3 million. These plans are tailored to provide comprehensive healthcare solutions for expatriates, ensuring peace of mind and access to quality medical services. To explore the full range of Cigna's expat health insurance options and find a plan that suits your needs, click here for more information. -
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Thailand unveils new visa rules, sparks mixed reactions
I would be willing to bet 500,000 baht that immigration is not going to allow DTV holders who came here for a single medical procedure or short cooking class to reenter the country and get another 180 days for five years without some difficult and confusing documentation. Remember, Immigration and the Ministry of Foreign Affairs who created these visas are two separate fiefdoms. -
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Kamala Harris Poised to Succeed Where Hilary Clinton Failed?
In all seriousness if Kamala wins her success will accelerate the failures of the dem party. I am beginning to hope she does win so they can't blame the latest messes on trump. Kamala should she win has one term written on her forehead. Trump would be a lame duck anyway. He would also be fought so hard he wouldn't get anything done. He could make some use of executive orders. I think the ideal situation could be a Kamala win and the house and senate going republican. Either way i hope no side gains all three branches. Trump is beginn8ng to ramble incessantly like a retard. So we get rid of him and in four years Kamala is a brown skid mark on the sheets. She has no answers to any challenges we face. I look forward to the markets dropping and hope the housing bubble pops. the faster the dems get their way the faster they will fall. -
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Thailand unveils new visa rules, sparks mixed reactions
Dont worry,visa rules? Here today gone tomorrow they will change it next month the flip flop will continue -
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Honeymoon rhinitis
Lived in France for two years. I've never before come across such ugly women. Shattered all my expectations and was one of the reasons I moved here. -
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Five Thai teenagers arrested for beach attack
Until they've checked who their fathers are. -
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UK Needs a Clearer Strategy on Integration Kemi Badenoch's Bid for Conservative Leader
To all Pommies, here is your future: -
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Kamala Harris Poised to Succeed Where Hilary Clinton Failed?
Trump wreck ;economy ,infrastructure ,healthcare ,foreign policy ,Covid ,there’s lots and lots more thaipo as far as Harris all VPs are support for the president they serve so she shares in the legislative results achieved by this administration of witch there are many. -
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Cheap houses in Japan
And just why are they selling for EU1!!!! Certainly not talking luxury here, are we, Kicks! What would you do with the 15 houses you (should have )bought for EU 1!??? I tend to think you could resell them all for, say, EU15! Well done!- 1
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Pattaya Police Round Up Bolt Drivers Involved in Clash with Kuwaiti Tourists
It was so massive the police didn't notice it, but arrived afterwards when all assailants had departed and the clearing of debris had started. (From yesterday's report.) -
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Emaciated American Woman Rescued After Being Chained to Tree in India
Oh you ate awful.....but I like you -
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Kamala Harris Poised to Succeed Where Hilary Clinton Failed?
How about 34 things just for a start. -
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Another victim of Pattaya Soi 6 'security' thugs
As a personal friend of both the victim and his wife, I can safely say you couldn't be more wrong. Back on topic, he is in ICU with a very serious head injury.
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