GBP News 

Treasury yields stay depressed after retail sales fall

“Weak economic data grabbed the attention of investors following the release of fresh data showing retail sales for September fell 0.3%, its first drop in seven months” writes Sunny Oh for marketwatch.com. U.S. Treasury yields fell Wednesday after lackluster data on retail sales suggested that weakness in manufacturing may be spilling over into other areas of the U.S. economy.Government bonds also rallied as the prospect of a Brexit deal came under question, reversing the selloff in Treasurys seen on Tuesday. See also: European stocks slip on pessimism over Brexit deal…

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Evidence mounts that gut bacteria can influence mood, prevent depression

“Now, a study of two large groups of Europeans has found several species of gut bacteria are missing in people with depression” writes Elizabeth Pennisi for sciencemag.org. Indeed, some physicians and companies are already exploring typical probiotics—oral bacterial supplements—for depression, although they don’t normally include the missing gut microbes identified in the new study.Several studies in mice had indicated that gut microbes can affect behavior, and small studies of people suggested this microbial repertoire is altered in depression.Interventions based on the gut microbiome are now under investigation: The University of…

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Social media is making teen girls depressed, study says

“Regardless of length of time, girls were consistently about twice as likely to be depressed in relation to their social media use” reports nypost.com. But a new study published today in the Lancet’s EClinicalMedicine journal appears to draw hard links between depression in teenagers and social media use.Using data from more than 11,000 14-year-olds in the UK, they found that girls who are depressed also tend to use social media more than boys. Source: nypost.com

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President Trump created a new White House council on Wednesday to help economically depressed areas, including the “opportunity zones” created by last year’s tax reform legislation.

“President Trump created a new White House council on Wednesday to help economically depressed areas, including the “opportunity zones” created by last year’s tax reform legislation” reports washingtonexaminer.com. The opportunity zones created by last year’s tax reform allow businesses to gain tax breaks in distressed areas. Source: washingtonexaminer.com

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Report: Trump Jr. worried about possible indictment

“And one person, who is reportedly worried about being the next victim of an indictment from the special counsel, is President Donald Trump’s eldest son, Donald Trump Jr” writes Aol Staff for aol.com. One source told Vanity Fair that Trump is very upset about the legal risks facing his son, adding that “the president is very depressed.”. Trump Jr. has reportedly been telling friends that he’s worried about a possible indictment from Mueller as early as this week over false statements he made to the Congress and the FBI, according to Vanity Fair. Source:…

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STUDY: Nearly half of Americans face slide into poverty…

“Roughly 40 percent of Americans who are considered middle class (based on their income levels) will fall into poverty or near poverty by the time they reach age 65, according to the study” writes Elliot Dinkin for cnbc.com. That risk has been driven by depressed earnings, depressed asset values and increased health-care costs — causing 74 percent of Americans planning to work past traditional retirement age.Fundamental changes in the structure of the U.S. economy, combined with increased health-care costs and lack of saving, have created a financial trap for millions…

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Volkswagen furloughs workers in Brazil as demand from depressed Argentina weakens

“SAO PAULO (Reuters) – Volkswagen’s Brazil operation is putting workers on a 20-day furlough, the company said on Monday, citing reduced demand from Argentina, which is undergoing an economic crisis that has derailed growth and slashed spending power” writes Midwest Communications Inc for 95kqds.com. “While the Brazilian market is growing in 2018, exports to Argentina have seen a momentary reduction,” the company said in a statement. Source: 95kqds.com

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