Connect with us

Personal Finance News

Federal Government Withdraws Stimulus Just Before Christmas – How it impacts

David Crabtree

Published

on

Federal Government Withdraws Stimulus Just Before Christmas

With the withdrawal of stimulus payments when inflation unemployment is at its peak, the Federal government surprises the US citizens by withdrawing the stimulus payments.

The stimulus benefits provided financial assistance to millions of citizens. The covid-19 pandemic brought about an economic downslide that initiated a series of hard times for the public.

2021 Child Tax Credit Payments Impact The Tax Returns Next Year - Check How

The Indian Express reports that Fed chair Jerome Powell halted the stimulus payments to prevent the probable collapse of our economy. The reports suggest that the Federal government’s strategies are not in line with the monetary policies of the Central Bank. There is a massive challenge for the Central Bank to counter the rising inflation levels, which have broken all previous records.

Purchasing Power Of The Public Will Take A Hit

The Labour Department of the US reports that the retail places have witnessed an increase of 6.2 % in October 2021. The move by the Federal government is likely to resist the monetary policy of the Central Bank to stop the surge in inflation.

The Indian Express report adds that the Federal government will increase the bond purchases by 100%, from $15 billion to $30 billion. The rise in Bond purchases will increase the interest rates over the long-term period; it will also decrease the purchasing ability of businesses and customers. The fed chair announced that the policies are no longer needed to support the economy.

The bond purchases of the US Central Bank are down by $30 billion compared to October. The bond purchases were $120 billion in October; it is a video song at the rate of $15 billion per month. The decrease rate will bring the assets to $60 billion in January 2022 and a dead end in the next few months.

Central Banks Are A Key For The Economy

The operational pattern of the US Central Bank is similar to the Central Banks of several countries across the world. The policies of the Central Bank significantly impact the unemployment and inflation rates in the country. The ascent of interest rates will reduce the purchasing power of the public; it will lead the GDP and economy of the country to a downward spiral.

 

About Post Author

Cryptocurrency News

Petar Nadoveza Cause of Death: Here Is What You Need To Know

Published

on

Petar Nadoveza Cause of Death: Here Is What You Need To Know

The death of Petar Nadoveza, a legendary football player, coach, sports director, and head of the Hajduk football school, at 81, was a tragic development for the Croatian football community. Let’s look at Petar Nadoveza’s Cause of Death in more detail and how the Croatian football player died.

Petar Nadoveza Cause of Death: Here Is What You Need To Know

How did he die?

Peter Nadoveza, a member of the Yugoslavian national team and the league’s two-time top scorer, died suddenly on March 19, 2023, at 81, following a protracted illness.

He was from Split and went by the name Pele. He was born in Ibenik and moved to Hajduk in 1963. He spent ten years with Poljud and was twice the tournament’s top scorer, winning two national cups (1967, 1971) and the Yugoslavian championship (1971).

Cause of death

We regret having to inform you about Peter Nadoveza’s passing. Peter Nadoveza was regarded by many as being amiable. Given the current news, many people must be curious to know Peter Nadoveza’s cause of death. Hajduk HNK reported the end of Peter Nadoveza due to a severe illness. The precise cause of death for Peter Nadoveza is still unknown. As soon as new information becomes available, we’ll update this article. The cause of Petar Nadoveza’s death has left the neighbourhood inconsolable.

More About Peter Nadoveza

A manager and professional football player from Croatia, Petar Nadoveza. He was known as “Pete, the Pelé from Split” while playing at Hajduk under the nickname Pere, Splitski Pele.

Nadoveza started his junior and senior seasons at HNK Sibenik. With the Sibenik youth academy, he was under the supervision of Stojan Mileta, who was responsible for many outstanding footballers from that region. Slavko Lutica once served as the team’s manager, and while in charge, Si benik dominated the Yugoslav Second League. In 1963, Nadoveza relocated to Hajduk Split, where he planned to spend the next ten years of his professional life. A true “killer” on the field, he was. He went towards the finish line with unbelievable speed and a strong instinct.

Although Nadoveza wasn’t an extremely disciplined player and frequently had disagreements with his managers, especially Branko Zebec, he has demonstrated his commitment to the team and the game on the field. The club employees and supporters adored him.

About Post Author

Continue Reading

Local News

Glasgow Man Found Dead After Going Missing For 1 Week

Published

on

Glasgow

Stephen Riddick, a man from Glasgow, Scotland has been recovered dead on January 20th, 2023. As per the reports, he was missing for almost a year. A missing FIR was registered by Riddick’s family when they failed to trace him.

The city police conducted an investigation following the missing report and located the missing person, who was unfortunately dead.

Stephen Riddick

Credits- Facebook

Stephen Riddick’s body was located near West Nile Street, Glasgow, Scotland. His wife, Kathryn Fawkes has shared her grief for the unfortunate death of Riddick on social media.

He was a family man who loved his family the most. The devastating news of Riddick’s passing away has brought ultimate sadness to his family.

How did the Glasgow man Stephen Riddick die?

Stephen Riddick was missing for almost a week. His missing report suggested that the personality was last located in the Dumfries area. The police actively investigated the case and found a dead body in West Nile Street, Glasgow on 20th January 2023 at around 12.30 P.M. Officials suspected the body to be Riddick’s and hence, called his family members for identification purposes.

Dead body

Credits- Premium Times Nigeria

The body has been identified to be Stephen Riddick. Police have doubted the cause of death can be potential suicide. However, no verdict has been given so far as the investigation continues to shed more light on the unwanted condition.

Police are looking for more evidence to call the mishap a circumstance of suicide. Nevertheless, no trace of foul play was discovered.

Read more- Former Massachusetts Senator Thomas Birmingham Breathes His Last At 73

How did Glasgow man Stephen Riddick’s family react to his death?

Stephen Riddick’s family is in ultimate shock as their lovable member passed away suddenly. His wife, Kathryn Fawkes with who he spent 17 years of marital life has shared her emotions with the public through social media. She mentioned in her post that Riddick has committed suicide.

Stephen Riddick

Credits- Facebook

Fawkes further states that she will never stop loving Riddick and expects he is in a better place. However, the incident of her husband’s suicide shocked her very much. She is out of words to explain her feelings. Fawkes further promises that she will take care of Riddick’s kids, Ellie and Ollie forever.

About Post Author

Continue Reading

Opinion

Tom Mboya Opiyo: Another Disheartened Employee Who got Suddenly Laid off by Amazon

Published

on

Tom Mboya Opiyo

Tom Mboya Opiyo, a brilliant tech professional from Kenya meets the difficult days of his career after getting abruptly laid off by one of the global giant companies, Amazon. The IT employee was ready to relocate to Europe for his new job position in a reputed firm. However, things took a negative turn and Opiyo, along with his family gets shattered.

Amazon

Credits- Business Standard

Following the news of getting laid off abruptly, Opiyo shares his thoughts through his LinkedIn handle. In the post, he expresses how devastated he and his family are at the moment. The mass layoff trend of established global companies is giving nightmares to thousands of employees. The challenges have enhanced for the employees who were boarding a new city and country.

What happened to Tom Mboya Opiyo?

Tom Mboya Opiyo is a Kenya-based IT professional. He was given an opportunity to work in the e-commerce MNC, Amazon and relocate to Europe. Following the offer, Opiyo resigned from his existing position and started to process the passport and visa struggles. As per his revelation, after six months after his departure, his family was also about to shift to his location.

Credit- Pulse Time

To get the fund for the immigration formalities, Tom Mboya Opiyo and his family sold their cars and residence. He stated that visa confidentiality took a lot of time and effort as he had to visit the immigration office and other concerned places regularly. Nevertheless, all the hard work went in vain as before four days boarding to Europe, the tech professional was informed that he has been laid off.

The news brought havoc to the family as all their future plans have been shattered. It is notable to mention that Opiyo is an award-winning tech expert whose opportunity to work in a popular MNC was taken away. As a reason, Amazon has stated that the layoff is a result of some business changes.

Read more- Jacinda Ardern, The Prime Minister of New Zealand is Likely to Resign from her Post; Click Here to Know

Layoff culture of MNCs impacting thousands –

Several MNCs have been suddenly terminating a large number of their employees in recent times including Amazon, Twitter, Microsoft, Meta, and others. This has impacted many workers and created challenges for them to seek other opportunities immediately. On January 18th, Amazon alone laid off 18000 of their global employees.

Credit- LinkedIn

Tom Mboya Opiyo has suggested everybody not to put every egg in one basket and enhance the risk of breaking every egg at a time. As he sold his cars and home, the chances of recovering everything is lower. Furthermore, he has advised everybody not to leave their existing positions until they receive their visa while relocating too another country for job.

About Post Author

Continue Reading

Trending