Category Archives: economy

Labor Department won’t release full October jobs report

FILE – In this May 7, 2020, file photo, the entrance to the Labor Department is seen near the Capitol in Washington. (AP Photo/J. Scott Applewhite, File) WASHINGTON — The Labor Department said Wednesday that it will not be releasing a full jobs report for October because the 43-day federal government shutdown meant it couldn’t calculate the unemployment rate and some other key numbers. Instead, it will release some of the October jobs data — most importantly the number of jobs that employers created last month — along with the full November jobs report, now due a couple of weeks late on Dec. 16. The department’s “employment situation” report usually comes out the first Friday of the month. But the government shutdown disrupted data collection and delayed the release of the reports. For example, the September jobs report, now coming out Thursday, was originally due Oct. 3. The monthly jobs report consists of two parts: a survey of households that is used to determine the unemployment rate, among other things; and the “establishment” survey of companies, nonprofits and government agencies that is used to track job creation, wages and other measurements of labor market health. The Labor Department said Wednesday that the household survey for October could not be conducted because of the shutdown and could not be done retroactively. But it was able to collect the hiring numbers from employers, and those will come out with the full November report. Wednesday’s announcement means the September jobs numbers will likely get extra scrutiny Thursday. They are the last full measurement of hiring and unemployment that Federal Reserve policymakers will see before they meet Dec. 9-10. The Fed is sharply split o ver whether to reduce its key interest rate for a third time this year next month. Those divisions could be largely resolved by fresh economic data if it showed a sharp deterioration in the job market, economists say, because that would likely encourage more officials to support a rate cut. But the absence of data could embolden those policymakers who want to wait for more evidence about where the economy is headed before reducing rates again. At its last meeting in late October many Fed officials said the central bank should proceed with caution, given the “reduced availability of key economic data.” The jobs numbers have lately been contentious. After the July jobs report proved disappointing, President Donald Trump abruptly fired the official responsible for collecting the data, Bureau of Labor Statistics commissioner Erika McEntarfer. McEntarfer herself was quick to say there was nothing suspicious about Wednesday’s announcement. “No conspiracy here, folks,” she posted on the social media site Bluesky. “BLS was entirely shutdown for six weeks. Payroll data from firms can be retroactively collected for October. The household survey cannot be conducted retrospectively. This is just a straightforward consequence of having all field staff furloughed for over a month.” Stay informed and connected — subscribe to The Philadelphia Tribune NOW! Click Here Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don’t Threaten. Threats of harming another person will not be tolerated. Be Truthful. Don’t knowingly lie about anyone or anything. Be Nice. No racism, sexism or any sort of -ism that is degrading to another person. Be Proactive. Use the ‘Report’ link on each comment to let us know of abusive posts. Share with Us. We’d love to hear eyewitness accounts, the history behind an article.
https://www.phillytrib.com/news/labor-department-wont-release-full-october-jobs-report/article_a8d11e75-e3cc-4bb6-8c62-64f5ffc10d8a.html

SRK classics and 12th Fail to screen in inflatable theatres at IFFI 2025

Imagine watching Shah Rukh Khan spread his arms, Vikrant Massey’s inspiring journey, and the pulse-racing rescue of a friend, all inside a fully equipped inflatable theatre? In a special collaboration, the National Film Development Corporation (NFDC) and Entertainment Society of Goa (ESG) have partnered with mobile digital theatre pioneer PictureTime Digiplex to install state-of-the-art inflatable cinemas in the upcoming 56th International Film Festival of India (IFFI) in Goa. SRK classics and 12th Fail to screen in inflatable theatres at IFFI 2025 Known for bringing cutting-edge inflatable cinemas across the country, and especially in underserved regions, PictureTime will be setting up a state-of-the-art theatre at the prestigious Kala Academy campus-one of the festival’s main event hubs. The 2025 edition of IFFI will begin on November 20 and close on November 28. The inflatable theatre will screen a vibrant mix of titles across four categories: Inspirational Films, Indian Panorama Classics, Nostalgia, and Children’s Cinema. For the first time ever, three Shah Rukh Khan classics Chak De! India, Darr, and Dilwale Dulhania Le Jayenge will be showcased in the inflatable cinemas. Joining them are Vidhu Vinod Chopra’s acclaimed 12th Fail, the Malayalam blockbuster Manjummel Boys, Rajkummar Rao’s Srikanth, Rani Mukerji’s Mrs Chatterjee vs Norway, Sooraj Barjatya’s Uunchai, Mira Nair’s Salaam Bombay! Irrfan Khan’s celebrated Qissa, and classics like Satyajit Ray’s Shatranj Ke Khilari, Vijay Anand’s Teesri Manzil, Yash Chopra’s Chandni and Kala Patthar, among others. There will also be special movie screenings for school children every day, featuring titles like Kaphal: Wild Berries (Hindi), Gattu (Hindi), Banarasi Jasoos (Hindi), The Prince and the Crown of Stone (English) and Naal 2 (Marathi), among others. Beyond the main venue, PictureTime will also roll out open-air screenings across multiple sites in North and South Goa enabling local residents to access festival films. Sushil Chaudhary, Founder & CEO, PictureTime Digiplex, said it is an honour for PictureTime to collaborate with NFDC and ESG for IFFI. Their association with the event began in 2017 when the team organised Bioscope Village. “Bringing our mobile digital movie theatres to a festival of this scale underscores how far this technology has come from remote villages to one of the world’s most respected film events. Our goal has always been to democratise cinema, to take high-quality film experiences to audiences who may never have had access to such spaces, and IFFI gives us a powerful platform to demonstrate that mission in action. “This year’s programming ranging from Shah Rukh Khan’s iconic classics to acclaimed contemporary titles like 12th Fail and Manjummel Boys reflects the diversity and cultural richness of Indian cinema. We are especially excited about the screenings curated for children and young students, because nurturing early audiences is essential for the future of film appreciation. “With the Kala Academy inflatable theatre and our units enabling open-air screenings across Goa, we hope to create a festival experience that is immersive, inclusive, and truly celebratory of Indian cinema’s storytelling power. PictureTime remains committed to innovating how cinema is created, consumed, and accessed across the country,” he added. The inflatable theatre at Kala Academy is expected to welcome over 1, 000 visitors daily, ranging from global delegates and film professionals to school groups and cinephiles. Open-air screenings across Goa are projected to draw an additional 300-400 viewers per location, daily. Also Read: Shah Rukh Khan makes a royal entry on a throne at star-studded wedding; fans say ‘only one Baadshah!’ More Pages: 12th Fail Box Office Collection 12th Fail Movie Review BOLLYWOOD NEWS LIVE UPDATES.
https://www.bollywoodhungama.com/news/bollywood/srk-classics-12th-fail-screen-inflatable-theatres-iffi-2025/

Philippines Introduces Rice Import Quota to Balance Farmer Protection and Food Security

The Philippines has announced that it will reopen rice imports in January 2026, allowing 300,000 tonnes of rice to enter the country after several months of import restrictions. This move comes as local rice stocks run low and prices soften across Asia, raising questions about how far protectionist policies can go before hurting consumers.

Since September 2025, the Philippine government has banned rice imports to support domestic farmers during the harvest season and prevent a collapse in farmgate prices. This is a classic example of a protectionist policy—a government action designed to shield local industries from foreign competition. By limiting imports, the government aimed to increase demand (and prices) for locally produced rice, giving farmers higher incomes.

However, the downside soon became clear. Domestic rice stocks began to run out, pushing the government to temporarily lift the import ban in January. The import quota, which restricts the quantity of rice entering the market to 300,000 tonnes, is meant to ease shortages without flooding the market and driving prices down too sharply.

Meanwhile, Thailand and Vietnam, the region’s biggest rice exporters, are reporting strong harvests. Thai rice prices have dipped to around 6,200–6,600 baht per tonne, while Vietnam has maintained stable prices and reaffirmed its export target of 8 million tonnes for 2025. These trends demonstrate the power of global supply and demand in determining market prices: when supply increases, prices tend to fall.

Adding uncertainty to the picture, the UN’s Food and Agriculture Organization (FAO) has warned that El Niño conditions could reduce future harvests across Southeast Asia, threatening regional food security. If this occurs, reduced supply could push prices up sharply—a reminder of how external shocks affect both producers and consumers.

For students, this story is a textbook case of how governments use trade restrictions like import quotas to balance the competing goals of protecting farmers and ensuring affordable food for consumers. It also highlights the tension between free trade, which promotes efficiency and consumer choice, and protectionism, which prioritizes domestic economic stability and employment.
https://thecuriouseconomist.com/philippines-introduces-rice-import-quota-to-balance-farmer-protection-and-food-security/

V Rijádu začíná 26. Valné shromáždění UN Tourism

RIJÁD, Saúdská Arábie – Dnes bylo v Rijádu zahájeno 26. zasedání Valného shromáždění UN Tourism, které představuje historickou premiéru pro region Rady pro spolupráci v Perském zálivu (GCC). Jde zároveň o největší zasedání od založení UN Tourism před 50 lety.

Přibližně 160 delegací z členských států, včetně ministrů, vysokých úředníků a lídrů z celého odvětví a občanské společnosti, se shromáždilo, aby oslavilo pět desetiletí mezinárodní spolupráce.

Letos je Valné shromáždění organizováno pod tématem „Cestovní ruch řízený umělou inteligencí,“ které klade důraz na využití moderních technologií pro rozvoj a inovace v oblasti cestovního ruchu.
http://www.businesswire.com/news/home/20251107016963/cs/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ%3D%3D

Destroying Europe in order to save it: Extortion, theft, and the EU’s two disastrous choices

Europe can postpone recognition of failure, but it cannot postpone the bill.

Europe now faces a stark choice forced by its disastrous war policy against Russia: either allow the EU to successfully move toward a centralized state over the heads of its member states, risking a mass Eurexit that may or may not succeed in reaction to that gamble, or delay the larger crisis through member states quietly accepting one of several schemes that will cripple the economy and create social strife regardless.

The Union must decide whether to use frozen Russian sovereign assets to finance a €140 billion “reparation” loan for Ukraine, or to issue joint debt through Eurobonds. Both paths carry severe legal risks and impose heavy costs on citizens: one through contingent liabilities, the other through immediate taxes, austerity, and political instability.

Pushing through the Eurobond option would amount to a structural coup, a radical re-engineering of the EU against its current form. A recent…
https://www.sott.net/article/502868-Destroying-Europe-in-order-to-save-it-Extortion-theft-and-the-EUs-two-disastrous-choices

Ave Maria Growth Fund Q3 2025 Commentary

**Ave Maria Growth Fund Q3 2025 Commentary**
*November 7, 2025 | 5:15 AM ET*

For the three months ended September 30, 2025, the Ave Maria Growth Fund (AVEGX) delivered a total return of 0.84%. This performance compares to 8.12% for the S&P 500® Index and 4.84% for the S&P 500® Equal Weight Index over the same period.

Top contributors to the Fund’s return in the third quarter included NVIDIA, Rambus, O’Reilly Automotive, Taiwan Semiconductor, and Silicon Motion Technology.

Our investment philosophy remains focused on purchasing shares of exceptional companies at attractive prices, with the expectation of earning favorable returns over the long run.

We appreciate your interest in the Ave Maria Growth Fund and remain committed to long-term growth for our shareholders.

*Note: Past performance is not indicative of future results. For more information, please visit our website or contact your financial advisor.*
https://seekingalpha.com/article/4840093-ave-maria-growth-fund-q3-2025-commentary?source=feed_all_articles

Trump says he doesn’t know who Binance Founder CZ is, despite pardoning him

Last year, Changpeng Zhao (AKA “CZ”), the founder of Binance—the world’s largest cryptocurrency exchange—pleaded guilty to money laundering charges.

Last month, he was pardoned by President Donald Trump. However, this week, Trump stated that he has no idea who CZ is.

During an interview on the latest episode of 60 Minutes, Trump revealed that he doesn’t know much about CZ, despite having pardoned him just weeks ago.

“Okay, are you ready? I don’t know who he is,” Trump said during the interview, as quoted by CNBC. “I don’t know the man at all. I don’t think I ever met him,” he continued.

When asked how he came to pardon a man he doesn’t know, Trump explained that his family’s involvement in the crypto business influenced his decision.

“My sons are involved in crypto much more than I—me. I—I know very little about it, other than one thing. It’s a huge industry,” he said.

Trump also added that he “was told” CZ was a victim of the Biden Administration.
https://www.shacknews.com/article/146671/donald-trump-doesnt-know-cz-binance

First American Nuclear plans to bring SMRs to Indiana

First American Nuclear and Indiana leadership announced Tuesday that the company will bring its headquarters, manufacturing facilities, and an energy park to the state.

“Indiana is leading the nation in the next chapter of American energy independence,” Gov. Mike Braun said in a news release. “With First American Nuclear planting its roots here, we’re bringing 5,000 high-paying, generational Hoosier jobs while cementing our state as a leader in clean, reliable nuclear power.”

### What is First American Nuclear?

First American Nuclear is a company dedicated to building small modular reactors, or SMRs, which are advanced nuclear reactors that have about one-third the generating capacity of traditional nuclear power reactors, according to the International Atomic Energy Agency.

The company’s energy park is designed to be the first “closed-fuel cycle” in U.S. history, meaning it will reprocess and reuse spent nuclear fuel on-site, eliminating 97% of long-lasting nuclear waste.

EAGL-1, the reactor planned to be used, can create more fuel than it burns, according to First American Nuclear. This capability positions the energy to be classified as clean and renewable.

“In the flurry of America’s nuclear renaissance, Indiana and FANCO found a shared commitment to technical merit, authenticity, and follow-through,” said Mike Reinboth, CEO of First American Nuclear. “Collectively, our team has dedicated centuries to nuclear science, resulting in an unmatched nuclear solution that, fittingly, will take root in the crossroads of America.”

### Opposition and Concerns

Kerwin Wilson, executive director of the Citizens Action Coalition, expressed skepticism about nuclear power’s ability to meet Indiana’s energy demands. He also questioned claims about its cleanliness.

“They are not even close to being cost-effective with other fuels and technologies, not to mention that they are years away from being commercially available, if they ever will be,” Wilson stated. “They are not a solution to meeting the growing electric demand. Affordable, clean, and truly safe technologies, like wind and solar, are available today. There’s no need to squander billions in ratepayer and taxpayer money down the nuclear rabbit hole and expose our communities to the inherent dangers and risks of the nuclear fuel cycle. There’s a better path forward.”

Similarly, Ashley Williams, executive director of Just Transition Northwest Indiana, called SMRs “a fantasy of the nuclear industry” and a false solution.

“Indiana’s so-called energy priorities are nothing short of shameful,” Williams said. “These aren’t the priorities of everyday Hoosiers. They’re the agenda of Big Tech Billionaires, cashing in on the data center boom that is actively extracting from our communities and displacing our workforce in places like my community of Michigan City and across the country.”

### Supporting Studies and Site Selection

A Purdue University study, funded by the Indiana Office of Energy Development and released in November 2024, found that SMRs can release carbon-free electricity with the capacity to meet Indiana’s growing energy needs. The study also evaluated multiple coal plants as suitable sites.

Purdue received $300,000 to complete the report, according to the state’s Transparency Portal.

In the study, RM Schahfer in Jasper County was identified as a suitable site. Two other NIPSCO plants—Bailly in Porter County and Michigan City’s plant in LaPorte County—were also considered; however, Bailly was deprioritized, and Michigan City was deemed “too populated” and unsuitable for SMRs.

### Company Plans and Timelines

A spokesperson for First American Nuclear shared via email that the company is currently seeking sites for its corporate headquarters, manufacturing facility, and energy park, although no final decisions have been made.

Construction for both the manufacturing and energy park sites is expected to begin in 2028.

Regarding economic and tax incentives, the spokesperson declined to provide specific figures but stated that the company is benefiting from incentives offered to all Indiana businesses. These include tax credits for builders of SMRs and research and development initiatives.

“Indiana has a highly business-friendly environment, affordable cost of living, advantageous central location, and deep pool of tech talent,” the spokesperson said. “It’s premature to provide actual numbers, but First American Nuclear is benefiting from incentives offered to all Indiana businesses.”

### Utility Perspective

In a January statement, NIPSCO said it is amid a multiyear plan to close its coal-fired generating stations and replace them with more cost-effective, efficient, and sustainable sources, including wind, solar, and battery storage.

In 2024, NIPSCO conducted four Requests for Proposal (RFP) events covering all fuel sources but did not receive any proposals for SMR projects, according to Post-Tribune archives. The utility received a total of 116 proposals.

NIPSCO was unavailable for immediate comment regarding First American Nuclear’s plans or whether any of its facilities might be considered for nuclear power.

As Indiana embarks on this next chapter of energy development, the debate continues between proponents advocating for advanced nuclear technologies and opponents urging investment in existing renewable solutions. The coming years will reveal how these initiatives shape the state’s energy future.
https://www.chicagotribune.com/2025/11/04/first-american-nuclear-plans-to-bring-smrs-to-indiana/

4Chan user checks out bunker his paranoid grandfather created, inside they find human remains and faces carved into the walls

**Disturbing Discovery in Grandfather’s Secret Bunker: A 4Chan Mystery**

In 2012, a chilling story surfaced on 4Chan, where an anonymous user shared a disturbing discovery about their recently deceased grandfather. Although the original post was deleted shortly after it was made, screenshots of the message and accompanying images have continued to circulate online. The eerie nature of the story has made it a popular subject for true crime YouTubers and creators who focus on unsolved internet mysteries. One such YouTuber, known as Coop, documented the case while including screenshots of the original post.

### The Grandfather’s Creepy Bunker

The original poster (OP) began by explaining that their last living grandparent, an 89-year-old grandfather, had passed away. The grandfather was said to be a World War II veteran who was deeply paranoid about the possibility of another war erupting at any moment. To prepare for what he believed was an inevitable apocalypse, the grandfather had built a secret bunker.

At one point, the OP recalls asking their grandfather about the bunker. The response was chilling — the grandfather warned them to stay away, labeling the bunker as “just a ____.” The OP couldn’t quite catch the last word but thought it sounded like “ah Sioux air,” leaving the exact meaning mysterious and unsettling.

### Exploring the Bunker

After the grandfather’s death, the OP decided to investigate the bunker, expecting to find typical survival supplies such as rations and tools for enduring a nuclear war. What they discovered, however, was far more disturbing.

Navigating through winding tunnels carved into rock, the OP came upon a large iron door secured with a padlock. The lock was rusted enough to be broken open, and inside, the atmosphere grew increasingly eerie.

Deeper within one room, the OP found a cross carved into the stone wall, surrounded by numerous faces also carved into the rock. Photos shared along with the post reveal these unsettling carvings, which add to the mystery’s haunting nature.

### A Gruesome Discovery

Things took a darker turn when the OP noticed what appeared to be a human bone beneath some debris on the floor. More bones seemed to emerge from the concrete itself. Adding to the terror, the OP claims to have heard laughter echoing through the tunnels before fleeing the bunker as quickly as possible.

### What Was the Bunker?

No updates from the original poster have surfaced since then. Speculation has run rampant online. Some suggest the bunker might have been used by the grandfather as a subterranean burial site for loved ones. Another 4Chan user proposed that the word the grandfather used to describe the bunker — which OP misheard as “ah Sioux air” — could have been “ossuary,” a term for a place where human bones are kept.

### Fact or Fiction?

This story remains an internet mystery, shrouded in uncertainty. How much of it is true, and how much might be fabricated? The fact that the OP deleted their post soon after sharing it raises questions. What would be the motivation for inventing such an elaborate lie only to remove it so quickly?

We may never know the full truth about the grandfather’s bunker or the origins of the disturbing tale. For now, it remains one of those eerie stories that continue to captivate and unsettle those fascinated by unsolved internet mysteries.
https://wegotthiscovered.com/fyi/4chan-user-checks-out-bunker-his-paranoid-grandfather-created-inside-they-find-human-remains-and-faces-carved-into-the-walls/