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Listening to Israel, Turkey expels Hamas members

Written on . Posted in PT Middle East.

Assessment: Has Turkey’s worsening economic situation has caused a change of heart in Recep Erdogan? Don’t bet on it …

It's rattlesnake season, here's some tips to avoid a bite • The Mendocino Voice | Mendocino County, CAThe Mendocino Voice | Mendocino County, CA

Turkey is expelling Hamas operatives as a result of its warming ties with Israel, Israel Hayom reported Wednesday.

“Dozens of people identified with Hamas in various circles have been deported [from Turkey],” a Palestinian official told the Hebrew daily.

“On the mountains of Israel you will fall, you and all your troops and the nations with you. I will give you as food to all kinds of carrion birds and to the wild animals.” Ez. 39:4 

“Turkey asked them to leave, and it actually happened in the last few months,” he said, noting that “some” of the targets had ties to Hamas’ military wing.

The official blamed Israel for the turnaround, which Jerusalem had been requesting for years. Hamas operatives have long been known to have orchestrated deadly attacks in the Jewish state from their homes in Istanbul.

Read More @ World Israel News HERE

GDP Goes Negative: Economy Shrinks -1.4% as 2022 Begins

Written on . Posted in PT Global Economy.

The U.S. economy unexpectedly contracted in the first three months of 2022 as the economy was battered by a surge in Covid-19 cases from the Omicron variant, ongoing supply chain problems, surging fuel prices, and a flood of imports.

The Burea of Economic Analysis said on Thursday that Gross Domestic Product decreased at an annual rate of 1.4 percent in the first quarter of 2022. Economists had expected the economy to grow 1.1 percent.

US President Joe Biden speaks to members of the media prior to boarding Air Force One at Des Moines International Airport in Des Moines, Iowa, on April 12, 2022. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Private inventory investment, exports, and government spending fell in the first quarter. Imports, which are a subtraction from GDP, surged.

Personal consumption expenditures and real estate spending increased, suggesting that despite the slowdown in growth there was no let-up in inflationary pressures. That raises the danger that the economy is heading toward stagflation, where growth lags below trend and inflation remains above trend.

Inflation ran hot in the first quarter. The Personal Consumption Expenditure price index, which is the Federal Reserve’s preferred gauge of price stability, rose 7.0 percent, up from 6.4 percent in the fourth quarter of last year. Excluding the volatile categories of food and energy, prices were up 5.2 percent, up from 5.0 percent at the end of 2021.

Income lagged inflation. Real disposable income fell two percent in the quarter. The personal saving rate fell to 6.6 percent, down from 7.7 percent at the end of last quarter.

Read More @ Breitbart HERE