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[Closed] The Economy

(@celticwitch)
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- Retail will change. Smaller, local, co-operative/ community type stores. Beans, lentils, oats etc, these will be sold without plastic packaging. This will become more popular. Retailers will want to change as packaging is taking up too much space in transit and on shelving.

 

Hi all - a (partial) hit...  Don't know if this is the right place to post. 

https://www.theguardian.com/business/2019/aug/22/tesco-promises-to-ban-brands-that-use-excessive-packaging   

 



   
Lenor, Pacosurfer, herondreams and 3 people reacted
(@pacosurfer)
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@celticwitch

This is actually a great idea—I’m surprised it hasn’t happened already.



   
(@jeanne-mayell)
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@celticwitch

Thanks for finding a hit.  I am the Hit Tracker.  Lol. Where is the original prediction? Need exact location on the site, date predicted and date it was predicted for. 



   
(@michele-b)
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To take it a step further, plastic will all but disappear from our lives, at least our children and grandchildren's lives. Right now there is no viable plastic recycler in the world. We think there is, but greed, corruption and desperation to charge for something that is not even being delivered is already happening 

All over the world where recycling exits, we continue to separate our plastics into bins from paper,cardboard and glass but except for those few plastics being currently remade into something else the beginning levels have already stopped. 

We may think it is now going to Malaysia in lieu of the now non accepting Chinese market, but it is being buried or left in "garbage mountains" that have already decimated the quality of life for entire families living in them, on them, and desperately searching for other items they can use or sell.

Many, many companies are already using alternative packaging, it's not yet visible on a big scale (except for more paper mailers without bubble wrap inside from Amazon for the last few months but its starting.  Also lots more bulk items grouped and purchased as one saving on plastics somewhat that way.

https://www.theguardian.com/environment/2019/aug/17/plastic-recycling-myth-what-really-happens-your-rubbish



   
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(@celticwitch)
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Posted by: @jeanne-mayell

@celticwitch

Thanks for finding a hit.  I am the Hit Tracker.  Lol. Where is the original prediction? Need exact location on the site, date predicted and date it was predicted for. 

Hi

 

Predicted for September 2019, in The Economy thread. 6th August 2019 8:03pm



   
(@jeanne-mayell)
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@celticwitch I'd call that a hit and I posted it as a hit on the Prediction page. Thanks for pointing it out. 



   
(@rowsella)
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@michele-b-here-in-the-forum

https://www.nytimes.com/2019/03/28/nyregion/plastic-bag-ban-.html

Plastic Bags to Be Banned in New York; Second Statewide Ban, After California

  • March 28, 2019
The Styrofoam ban took effect on January 1 2019, but the city gave restaurants and businesses six months to transition out of using it. Now, violators will be fined -- $250 for the first offense, $500 for a second and $1000 for three or more.Jul 1, 2019
Here's What to Know About New York's New Styrofoam Law - NBC ...


https://www.nbcnewyork.com › news › local › New-York-Styrofoam-Crack...

It's been in the works, I expect more will follow. 



   
Lenor, Celticwitch, Michele and 3 people reacted
(@michele-b)
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@Rowsella

That's wonderful and so good to know. Plastic bags have been banned here in Salem since early this Speing as well as other cities in Oregon.  It's not statewide yet but will be!

Styrofoam will take more time but how great others are banning it. Hurray!

One city, one State at a time!



   
KB, Unk p, Anonymous and 1 people reacted
(@celticwitch)
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Posted by: @celticwitch

 

- December (not given the year).  

- Palace of Westminster is shrouded in black. We're in mourning, either someone has died or democracy is dead.

 

Hi

Might have another hit.  

British Parliament is to be suspended for 5 weeks in September. This means MPs won't be able to debate or pass legislation. Boris Johnson says this is normal process as its a new government, but its at worst possible time before Brexit Day. It reduces the amount of time MPs have to debate Brexit and any deals.  

Watch this, I feel he will try to extend this suspension right up to Brexit Day on 31/10/19. 

Posted 15/8/19 in the Economy thread. 

https://www.theguardian.com/politics/live/2019/aug/28/spending-review-set-for-next-week-fuels-election-speculation-live#comments.  

 



   
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(@rowsella)
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Fed Cuts Interest Rates by Another Quarter Point

Source: New York Times
WASHINGTON — The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, its second move since late July, as it tries to insulate the economy against rising political risks and the fallout from a global slowdown. 

Read more:  https://www.nytimes.com/2019/09/18/business/economy/fed-interest-rate-cut.html

 

Perhaps the Fed did err in raising rates so quickly after that "historic tax reform" that was going to spur "growth like we have never seen before" however, didn't they recently lower rates a few months ago?

And in related news, the NY Fed injected billions in stimulus into the overnight lending market for the second day in a row---

Fed’s First-in-a-Decade Intervention Will Be Repeated Wednesday

 

Read more at https://www.bloomberg.com/news/articles/2019-09-17/new-york-fed-announces-operation-to-ease-money-market-rates



   
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