Thursday, 10 April 2025

Bhubaneswar, Odisha News

 10 April 2025

ANI on X: "#WATCH | Bhubaneswar, Odisha: State LoP and former CM Naveen Patnaik says, "I would like to state here that I disapprove of any quite large meetings in hotels held by party members. They have the party office 'Sankha Bhawan', which is a large building where they have been told https://t.co/CkiLpgTjPL" / X where they have been told they should hold their meetings and they should do so. I also want to state here quite clearly that Pravat Tripathy, ex-MLA, was expelled from the BJD some years ago because he was indicted in the chit-fund case and has spent some years in jail. I want to clarify again that he doesn't belong to the party. I also want to state quite clearly that Kartikeyan Pandian, in the past, has done a lot of good work not only for the state but for the party. So, he shouldn't be criticised or blamed for anything. Also, he left the party more than 10 months ago and is not involved in any of the party's work."

Macro Economics

 10 April 2025

A blogger explains how an increase in tariffs can affect economics and cause unemployment, recession, inflation, and conflict. Chandu Stun on X: "@Ronxyz00 When an entrepreneur goes bankrupt, unemployment rises. Those who lose their jobs often struggle to keep up with their mortgage payments, leading to an oversupply of homes on the market with fewer buyers. As housing prices drop, the value of properties no longer matches the" / X "matches the collateral for loans, forcing even those who aren’t yet in dire straits to sell their homes because they can’t provide sufficient guarantees to the bank. Real estate agencies collapse, leaving brokers unemployed.

Delis and diners face challenges as their regular customers - who used to grab breakfast or lunch during workdays - disappear. If these businesses don’t shut down entirely, they at least cut staff, adding to the growing number of people in debt.

Meanwhile, inflation rises as costs increase, and interest rates climb, making it even harder for those who are still managing to stay afloat. They reduce their spending, which leads to more stores and entrepreneurs going bankrupt. And in this game of Monopoly, you can go back to the starting square and start a new round."