2) 🍿Which theaters will offer the $3 movie tickets?
More than 3,000 theaters with over 30,000 screens will participate in the #NationalCinemaDay. You can find the nearest theater to you via the event’s website. bit.ly/3TDPbUy
2) 📉 First of all, why is the housing market in decline?
It’s basically a part of the Fed’s strategy for how to get the spiking inflation under control close to the target of 2%. bit.ly/3eiFDhw
3) Housing activity is now contracting–fast:
👉new home sales are down 29.6%
👉existing home sales are down 20.2%
👉single-family housing starts are down 18.5%
👉mortgage purchase applications are down 23%
💍 Marriage rates in China have sunk to an all-time low.
Will the nation soon face a demographic crisis? 🧵bit.ly/3TDwwI7
🇨🇳 Young people in China are increasingly choosing to stay single, intensifying government fears that the nation could soon face a severe demographic crisis.
In 2021, China registered 7.6 million new marriages—a 6.1% decline from 2020, and the lowest number recorded since Chinese authorities began publicly releasing figures in 1985.
📉Life expectancy in the U.S. has plunged to its lowest since 1996, mostly due to the impact of more than 1 million deaths from COVID.
Here’s more of what we know about the steep decline. 🧵 bit.ly/3RqOMTp
2) The average life-span last year was 76.1 versus 77 in 2020.
Before the pandemic, Americans lived even longer, on average 78.8 years.
3) COVID accounted for 50% of the increases in “cause-specific” death rates in 2021, which contributed to the plunging life expectancy,according to a federal government report released on Wednesday.
A top McDonald’s executive said Wednesday that a new California bill that would regulate the fast food industry is “hypocritical” and “ill-considered.” bit.ly/3ACqSxh
The measure would establish a Fast Food Council for setting health and safety regulations for the fast food industry…
…along with a minimum wage of up to $22 an hour—far higher than California’s current minimum wage of $15.
Throughout 2022, the Fed has raised interest rates four times, trying to cool the economy and reduce inflation without sparking a recession.
3) On Friday, however, Fed Chair Jerome Powel said that the U.S. economy will likely experience some “pain” as the central bank continues its battle with inflation.
👉 That might mean that the Fed has given up on its hopes for a “soft landing.”