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PortaJohn

German electric prices continually climbing.

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JP Morgan Chief Warns of “Something Worse Than Hard Recession” amid “Economic Hurricane”

CEO Jamie Dimon gave the grave prediction during a phone call last week, according to a Yahoo finance report - noting that there are “storm clouds” on the horizon.

“What is out there? There are storm clouds. Rates, QT, oil, Ukraine, war, China,” Dimon said. “Right now, it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there, down the road, coming our way. We just don’t know if it’s a minor one or Superstorm Sandy,” he continued.

The comments come amid soaring food prices in the US - rising 13.1% - and shelter - which also rose 5.7%.
 
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new toy?

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Russian Troops to Receive Cutting-Edge Small Arms

The new weapons will include PPK-20 submachine guns, described as “the best machine pistol in the world,” by arms manufacturer Kalashnikov.

Data provided by the company indicates that the weapon is capable of firing 800 rounds per minute and is able to penetrate IIIA level body armor – one of the highest armor classes for concealable, lightweight soft protection, according to Russian media.

The machine pistol weighs just under 3kg, has a sound moderator, and a standardized mounting rail interface – with Russian troops expected to receive the weapon by the end of the year.
 
German electric prices continually climbing.

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The current high in Germany is 490 Euro per megawatt hour which equates to 49.85 (USD) cents per kilowatt hour.

In contrast:

The average residential electricity rate in the U.S. is 14.92 cents per kilowatt-hour (kWh)

(state electric prices last updated August 1, 2022)
 
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