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America One News
12 Jan 2024
#foreignaffairs
GB News: UK unleashes air strikes on military facilities in Yemen as rebels issue chilling warning of escalation
Britain and the US launch strikes on Houthi rebels in Yemen following disruptions to Red Sea shipping. The rebels had attacked shipping routes in support of Palestine and Hamas. Rebels threaten further retaliation.
#economy
Breitbart: Hertz Selling Off 20K Electric Cars to Buy Gas-Powered Cars
Rental car company Hertz is selling off 20,000 electric vehicles (EVs) due to low demand and high repair costs. They will use the money to buy gas-powered cars, which are in higher demand. This move highlights the waning demand for EVs in the US.
Breitbart: Build Back Better: China Becomes World's Top Exporter of Cars
China has become the top exporter of cars, surpassing Japan and the United States, thanks to a 62% jump in exports in 2023. Russian and emerging markets contributed to the surge in exports, and China now dominates the auto industry.
Breitbart: Yellen: People Are Generally Happy with Their Personal Situation, But Worry About Their Neighbors, Whole Economy
Treasury Secretary Janet Yellen believes people feel positive about their own economic situations but worry about the overall economy. She mentions that spending patterns have been strong, indicating people feel okay about their individual circumstances but lack confidence in the economy as a whole. Yellen hopes that the situation will improve over time.
Breitbart: Yellen Dodges on Lessons Learned from Getting Inflation Wrong: Inflation Came Down
Treasury Secretary Janet Yellen acknowledges that the Biden administration's description of inflation as transitory was inaccurate. She states that while she regrets using the word transitory, inflation has come down. She believes the economy has experienced a soft landing with inflation now at 2%.