High inflation always follows a period of recession or economic meltdown. The stimulus checks are among the many reasons for the present era of super inflation in the US. However, is there substance in this accusation?
There are varied reasons for the heating up of the US economy, but the main culprit is the COVID-19 pandemic reports the en.as.com. The stimulus checks could affect, but not much as critics are making it out. The stimulus checks kept the average US family household afloat and helped alleviate some of the financial trauma caused by the pandemic.
The US Congress has pumped in $6 trillion to stabilize the stuttering US economy and the American households. Americans received $900 billion as three separate Economic Impact Payments, better known as stimulus checks.
Stimulus Checks spawn high inflation
A huge debate has erupted about the causes of current inflation in the US. Stimulus Checks spawn high inflation according to critics.. Inflation has reached the highest levels in forty years. For hammering home, their argument critics had quoted President Biden when he addressed tackling inflation with his Build Back Better plan. President Biden had fleetingly mentioned that $1,400 stimulus checks approved in the American Rescue Plan were responsible for a spike in inflation. President Biden said that the economy could be fast-tracked by improving US infrastructure in November at the Port of Baltimore.
Supply Chain issues and freaky weather not stimulus checks cause of inflation
Biden also mentioned the supply chain issues caused by inefficient infrastructure due to a lack of investment over decades. The COVID -19 and freaky weather all compounded the problem and caused a rise in prices. Biden concluded that due to a choke caused by poor infrastructure, there was a shortage of goods, and prices increased.
The critics are not accepting this argument. Instead, they have thrown a spanner into the Build Back Better Act, which has been languishing in the Senate since November. The Democrats are more focused on getting the BBB Act through the Senate.
The last round of the checks was sent in March 2021, and most families in a Bankrate survey have said that the money could hardly last three months. ARP enhanced the Child Tax Credit for the 2021 fiscal year. However, with the failure of the passing of the BBB Act, those changes have expired.
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Glasgow Man Found Dead After Going Missing For 1 Week
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’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.
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.
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.
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.
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Tom Mboya Opiyo: Another Disheartened Employee Who got Suddenly Laid off by Amazon
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.
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.
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.
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.
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.
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Jacinda Ardern, The Prime Minister of New Zealand is Likely to Resign from her Post; Click Here to Know
The New Zealand Prime Minister, Jacinda Ardern has announced that she will bid farewell to her leading position and won’t be available for the upcoming elections which are going to be held in October. She has been serving in the position since 2017. Ardern represents the Labour Party of New Zealand and is also the leader of the party.
Ardern has recently revealed that she will not be running in the upcoming October re-elections. As a reason, the politician mentioned that she wants to see and support other leaders in the position. According to the reports, she will serve as the PM of New Zealand until 7th February.
Jacinda Ardern resigns as the PM of New Zealand-
Jacinda Ardern announced her departure from the position of New Zealand PM in a recent press conference. She has given the reason of seeing and supporting a new face on her spot for her resignation. Leading a country is the greatest achievement however it is the most difficult job to do, she added.
Ardern has encountered several difficulties during her tenure. In 2019, 51 people breathed their last in the Christchurch terror attack. As a result, people raised questions about the leadership qualities of the PM. The occasion of volcanic eruption on White Island took the life of 22 people.
The COVID-19 pandemic era took a toll on Jacinda Ardern’s leadership decisions. New Zealand put foreigners’ entry on halt for almost two years bringing difficulties in transport, business, and other sectors. However, New Zealand is one of the countries that dealt with the pandemic situation very nicely. As per Ardern’s announcement, she won’t be available for the next general election that to be held in October.
Jacinda Ardern’s leadership tenure-
The 42-year-old New Zealand PM, Jacinda Ardern started her journey as a political personality at a young age. She became the president of the International Union of Socialist Youth in 2008 and served in the position till 2010. Ardern attained her spot as a member of the parliament representing the Labour Party in the 2008 General Elections.
The Prime Minister of New Zealand participated in the 2011 General Elections for Auckland Central, nevertheless, she lost it to National Party’s Nikki Kaye. Ardern also lost the General Elections of 2014 against Kaye. In 2017, the politician stood in the Mount Albert by-election representing Labour Party. She won the election with 77% of the votes.
Jacinda Ardern was declared the Deputy Leader of the Labour Party in 2017. In the same year, Labour Party came together with the New Zealand First party and established the government. Ardern’s first term as the PM of the country started in October 2017 till 2020. She is the third woman to lead the nation. Her second term as a PM began in 2020.
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