World

Former Pope Benedict XVI Dead at Age 95

Published

1 year ago

2023-01-01

Former Pope Benedict XVI, the first pontiff to resign in 600 years, died on Saturday at the age of 95 in the Vatican, according to a Holy See spokesman. “With sadness, I inform you that Pope Emeritus Benedict XVI died today at 9.34 a.m. in the Mater Ecclesiae Monastery in the Vatican,” a spokesman said in a written statement.

According to the Vatican, Pope Francis will preside over his predecessor’s funeral on January 5.

Benedict, the first German pope in 1,000 years, stepped down in 2013 due to failing health, leaving behind a Catholic Church beleaguered by sexual abuse scandals, mired in mismanagement, and divided between conservatives and progressives.

He had good relations with his successor, but his continued presence inside the Vatican after he stepped down polarized the Church ideologically even more.

Concerned about Pope Francis‘s progressive moves, conservatives looked to Benedict as the defender of tradition. Several times, he had to tell nostalgic visitors, “There is only one Pope, and his name is Francis.”

Pope Benedict, a pianist and formidable theologian, was a weak leader who struggled to impose himself on the opaque Vatican bureaucracy and stumbled from crisis to crisis during his eight-year reign.

He repeatedly apologized for the Church’s failure to root out clergy sexual abuse of children, and despite being the first pope to take serious action against abuse, his efforts failed to halt a rapid decline in church attendance in the West, particularly in Europe.

Pope Benedict XVI Resigns

In 2022, an independent report in his native Germany claimed Benedict failed to act in four abuse cases while serving as Archbishop of Munich between 1977 and 1982. After being shaken by the report, he apologized in an emotional personal letter and asked for forgiveness.

In a detailed rebuttal, his lawyers argued that he was not directly to blame.

Victims’ groups claimed that the evasive response squandered an opportunity arising from a scandal that shook the Church worldwide.

On February 11, 2013, Benedict shocked the world by announcing in Latin that he was resigning, telling cardinals that he was too old and frail to lead an institution with over 1.3 billion members.

It was always going to be difficult following the death of his charismatic predecessor, Pope John Paul II, in 2005, and Benedict admitted to difficulties in an emotional farewell address.

“There were happy and light moments, but there were also difficult moments.” “There were moments… when the seas were rough and the wind blew against us, and it seemed as if the Lord was sleeping,” Benedict said to a crowd of more than 150,000 people at his last general audience.

On February 28, 2013, Benedict took up residence at the papal summer retreat at Castelgandolfo, south of Rome, while cardinals from around the world gathered in the Vatican to elect his successor.

Pope Francis’ election

Prior to formally stepping down, Benedict and his aides chose the title “pope emeritus” and decided he would continue to wear a white cassock, albeit a slightly modified version. Some in the Church objected, claiming that he had tied his successor’s hands.

They said he should have dressed like a cardinal or a priest in red or black.

Following Pope Francis’ election on March 13, Benedict moved into a converted convent on Vatican grounds to spend his final years praying, reading, playing the piano, and receiving visitors.

He appeared in public only on rare occasions, usually for major Church ceremonies, though he paid an emotional visit to his ailing elder brother Georg, a priest, in Bavaria in June 2020. Georg died soon after, at the age of 96.

Benedict did not keep his promise to remain “hidden from the world,” and his writings in retirement occasionally caused controversy and confusion.

In a 2019 essay for a German Church magazine, he blamed the crisis over priest abuse of children on the 1960s sexual revolution, what he called homosexual cliques in seminaries, and a general collapse in morality.

Critics accused him of attempting to shift blame away from the institutional Church’s hierarchy. Conservatives, however, rejoiced, and rallied to his defense.

Benedict and the cardinal

The ambiguity surrounding Benedict’s role reached a head in January 2020, when it was revealed that he was involved in a book written by a conservative cardinal that some saw as an attempt to influence a document Pope Francis was preparing.

As a result, Francis fired Archbishop Georg Ganswein, Benedict’s secretary, from a top Vatican position. Many people believed Ganswein misled Benedict, the cardinal, or both as a middleman between Benedict and the cardinal.

Some Vatican officials have called for clear rules regarding the status of any future pontiff who resigns as a result of the incident.

Francis has stated that if he were to resign, he would prefer the title Emeritus Bishop of Rome, as suggested by some. He has also stated that he will not live in the Vatican but rather in a Rome home for retired priests.

Benedict, an uncompromising conservative on social and theological issues, literally cloaked himself in tradition during his papacy, frequently donning fur-trimmed capes and red shoes in public appearances — a stark contrast to his successor’s more humble, down-to-earth style.

He enraged Muslims by implying that Islam is inherently violent, and he enraged Jews by rehabilitating a Holocaust denier. The gaffes and blunders reached a climax in 2012, when leaked documents revealed corruption, intrigue, and feuding within the Vatican.

As a result of the “Vatileaks” case, his butler, Paolo Gabriele, was arrested and convicted of passing secret documents to a journalist. Benedict later forgave him. Gabriele was hired at a Vatican-owned hospital and died there in 2020.

Gay Clergy Lobby

The media speculated that the saga, which exposed allegations of a gay clergy lobby operating against the pope, might have put pressure on him to resign. Benedict insisted on stepping down because he could no longer bear the full weight of the papacy, including the exhausting international travel required by the job.

In a book-length interview published in 2016, he acknowledged his flaws but stated that his papacy was not a failure.

“Perhaps one of my weaknesses is a lack of resolve in governing and making decisions. In reality, I am more of a professor, someone who reflects and meditates on spiritual issues,” Benedict stated in the book “Last Testament,” written by German journalist Peter Seewald.

“Practical government is not my strong point and that is certainly a weakness. But I don’t consider myself a failure.” On April 16, 1927, in the southern German village of Marktl, close to Austria, Joseph Aloisius Ratzinger was born.

During World War II, he was forcibly enrolled in the Hitler Youth and briefly held as a prisoner of war by the Allies, but he was never a member of the Nazi party.

“Neither Ratzinger nor any member of his family were National Socialists,” wrote John Allen, a leading Church expert, in a biography of Benedict.

Ratzinger was ordained as a priest in 1951 and rose to prominence as a liberal theological adviser at the Second Vatican Council, which convened in 1962 and resulted in profound Church reform.

God’s Rottweiler

The Marxism and atheism of the 1968 student protests across Europe, on the other hand, prompted him to become more conservative in order to defend the faith against growing secularism.

After stints as a theology professor and then Archbishop of Munich, Ratzinger was appointed in 1981 to head the Congregation for the Doctrine of the Faith (CDF), the successor office to the Inquisition, where he earned the epithet “God’s Rottweiler”.

After a period of experimentation, he and Pope John Paul agreed that traditional doctrine needed to be restored in the Church.

Ratzinger first addressed the popular “liberation theology” in Latin America, ordering the one-year silence of Brazilian friar Leonardo Boff in 1985, whose writings were criticized for using Marxist ideas.

Ratzinger applied pressure on theologians, primarily in Asia, who saw non-Christian religions as part of God’s plan for humanity in the 1990s.

Ratzinger’s office condemned “radical feminism” in a 2004 document as an ideology that undermined the family and obscured the natural differences between men and women.

Benedict sought to show the world the gentler side of his nature as Pope from 2005, but he never achieved the “rock star” status of John Paul or appeared particularly at ease in the job.

Child abuse scandals dogged him for the majority of his pontificate. He called for an official investigation into abuse in Ireland, which resulted in the resignation of several bishops.

During his pontificate, however, the Vatican’s relations with once-devoutly Catholic Ireland deteriorated. In 2011, Dublin closed its embassy to the Holy See.

Profound consternation

Victims demanded that the International Criminal Court investigate him. The Vatican ruled that he could not be held accountable for the crimes of others, and the court declined to hear the case.

In September 2013, he denied covering up the scandals. “As for your mentioning moral abuse of minors by priests, as you know, I can only acknowledge it with profound consternation.

“However, I never attempted to conceal these facts,” he wrote in a letter to Italian author Piergiorgio Odifreddi.

Benedict visited his homeland three times as Pope, confronting its dark past at the Nazi death camp at Auschwitz in Poland. As a “son of Germany,” he prayed and asked why God was silent when 1.5 million people, mostly Jews, died there during World War II.

One of his trips to Germany triggered the first major crisis of his pontificate. In a 2006 university lecture, he quoted a 14th century Byzantine emperor as saying that Islam had only brought evil to the world, which was spread by the sword.

Following protests that included attacks on churches in the Middle East and the killing of a nun in Somalia, the pope apologized for any confusion his speech had caused.

Later that year, in a move widely perceived as conciliatory, he made a historic trip to predominantly Muslim Turkey, praying in Istanbul’s Blue Mosque with the city’s grand mufti.

Offending the Jews

In 2008, the pope visited the United States, where he apologized for the sexual abuse scandal, promised that pedophile priests would be expelled, and consoled abuse victims. But Benedict made a series of errors in 2009.

After lifting the excommunication of four traditionalist bishops, one of whom was a notorious Holocaust denier, the Jewish world and many Catholics were outraged. Benedict later stated that the Vatican should have done more research on him.

Jews were offended again in December 2009, when he relaunched the process of resurrecting his wartime predecessor Pius XII, who was accused by some Jews of turning a blind eye to the Holocaust, after a two-year pause for reflection.

In March 2009, the Pope shocked the world by telling reporters on a plane flying to Africa that the use of condoms in the fight against AIDS only made matters worse.

Benedict preferred to appoint men he trusted at the Vatican, and some of his early appointments were questioned.

He appointed Cardinal Tarcisio Bertone, who had worked with him in the Vatican’s doctrinal office for years, as secretary of state, despite the fact that Bertone had no diplomatic experience. Bertone was later embroiled in a financial scandal involving the renovation of his Vatican apartment.

Pope Benedict wrote three encyclicals

Other religions criticized Benedict in 2007 when he approved a document that reiterated the Vatican’s position that non-Catholic Christian denominations were not full churches of Jesus Christ.

Critics saw his papacy as a concerted effort to reverse the reforms of the Second Vatican Council of 1962-1965, which modernized the Church in sometimes turbulent ways.

Some Council decisions were rewritten by Benedict to conform to traditional practices such as the Latin Mass and highly centralized Vatican rule. One of the themes he frequently returned to was the threat of relativism, which rejected the idea that moral values were not absolute but rather relative to those who held them and the times in which they lived.

Pope Benedict wrote three encyclicals, the most important type of papal document, including Spe Salvi (Saved by Hope), an attack on atheism, in 2007. The 2009 Caritas in Veritate (Charity in Truth) declaration called for a rethinking of how the global economy is run.

Despite the difficulties that came with having two men dressed in white in the Vatican, Francis developed a warm relationship with the man who was once dubbed “the Panzer Cardinal” and described it as being like having a grandfather in the house.

“He speaks little… but with the same profundity,” Francis once said.

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World

Residents Begin Going Through The Rubble After Tornadoes Hammer Parts Of Nebraska And Iowa

Published

20 hours ago

2024-04-27

Kiara Grace

AP - VOR News Image

The city of Omaha, located in Nebraska, is the subject of this article. On Saturday, residents began examining the debris following a tornado that tore through suburban Omaha, Nebraska. The tornado caused extensive damage to homes and businesses as it traveled miles across farmland and into residential areas.

A crowd assembled in the streets of the Elkhorn region in Omaha amidst the fragmented remnants of the residences. Nebraska Governor Jim Pillen intends to visit the area and after that conduct a press briefing on Saturday in Omaha.

The tornadoes that occurred on Friday night caused extensive destruction in the Midwest. One building collapsed, trapping numerous individuals inside, while hundreds of residences were either destroyed or damaged.

AP – VOR News Image

Residents Begin Going Through The Rubble After Tornadoes Hammer Parts Of Nebraska And Iowa

Multiple injury incidents have been documented. However, no deaths have been reported.

Three individuals sustained injuries in Lancaster County, Nebraska, as a result of a tornado striking an industrial structure, leading to its collapse while containing 70 occupants. Multiple individuals were confined. However, all individuals were successfully removed from the premises, and the injuries sustained were deemed non-fatal, as stated by the police.

A devastating tornadoes traveled a considerable distance on Friday, first affecting agricultural land before causing significant damage to residences and other buildings in the suburban areas of Omaha. Omaha has a population of 485,000 people and a metropolitan area of approximately 1 million.

Images shared on social media platforms also depict extensive destruction in the small town of Minden, Iowa, which is located approximately 30 miles (48 kilometers) northeast of Omaha.

During a briefing on Friday, Jeff Theulen, the top deputy of the Pottawattamie County Sheriff’s Office, stated that 40 to 50 homes had been entirely demolished. Two injuries were documented, but none risked the individuals’ lives.

According to him, school buses have been sent to provide transportation for residents who require it to leave the area. He requested that others refrain from entering the area due to its high level of hazard, characterized by fallen power lines and heaps of debris where houses once stood.

“It is truly distressing to witness these individuals who have suffered the loss of their homes, vehicles, and essentially their entire livelihood until they are able to reconstruct it,” he expressed.

The Saturday forecast was foreboding. The National Weather Service issued tornado watches for northern Texas and western Oklahoma on Saturday morning.

“There is a possibility of tornadoes, potentially significant tornadoes, occurring on Saturday afternoon and evening,” stated Bruce Thoren, a meteorologist from the weather service in Norman, Oklahoma.

Areas of Iowa, Kansas, Missouri, Nebraska, and Arkansas were under tornado warnings. Meteorologists warned that significant hail and powerful gusts of wind could occur.

Omaha police Lieutenant Neal Bonacci reported that numerous residences in Omaha, particularly in the Elkhorn district in the city’s western region, sustained damage on Friday. In response, police officers and firefighters visited households to provide assistance.

Several recently constructed, spacious residences in a specific section of Elkhorn sustained significant damage. A minimum of six structures were severely damaged, with one completely demolished and others experiencing significant damage to their upper sections. A multitude of emergency cars swiftly arrived at the location.

AP – VOR News Image

Residents Begin Going Through The Rubble After Tornadoes Hammer Parts Of Nebraska And Iowa

According to Pat Woods, a resident of Elkhorn, we observed the touchdown of the object approximately 200 yards away before seeking shelter. “We were able to perceive its approach.” Upon our arrival, we discovered that our fence had disappeared. As we gazed towards the northwest, we observed that the entire neighborhood had vanished.

Kim Woods, his spouse, stated, “The entire residential area located to the north of our location has been severely devastated.”

According to Dhaval Naik, who claims to work with the owner of the residence, three individuals, including a toddler, were present in the basement of the destroyed house during the tornadoes. However, they managed to escape unharmed.

A video from KETV-TV depicted the evacuation of a woman from a destroyed residence in Blair, a city located to the north of Omaha. The woman was transported on a stretcher.According to Bonacci, two individuals were brought for medical care, both of whom sustained minor injuries.

“The few serious injuries were prevented because people were given warnings,” stated Omaha Police ChiefTodd Schmaderer.

A tornado warning was issued in the Omaha vicinity on Friday afternoon, coinciding with the scheduled departure of students from school. Several schools implemented a shelter-in-place protocol for kids until the storm subsided.

“Was it a single continuous tornado or were there multiple tornadoes?” Kern from the National Weather Service inquired.

According to her, the agency intended to dispatch numerous teams in the next few days to assess the quantity and intensity of the tornadoes. This process could last up to a fortnight.

A tornado struck an area on the eastern periphery of Omaha, causing direct damage to sections of Eppley Airfield, the city’s airport. Aircraft operations were temporarily suspended to assess the damage, but the facility was subsequently reopened, according to Steve McCoy, Chief Strategy Officer of the Omaha Airport Authority.

AP – VOR News Image

Residents Begin Going Through The Rubble After Tornadoes Hammer Parts Of Nebraska And Iowa

Although the tornadoes did not directly strike the passenger terminal, McCoy stated that individuals promptly sought refuge in storm shelters until the tornadoes subsided.

Following its path through the airport, the tornado over the Missouri River entered Iowa, specifically to the north of Council Bluffs.

According to sheriff’s officials, in Lancaster County, three individuals sustained injuries as a result of the collapse of an industrial facility. Additionally, there have been reports of a train that has tipped over near Waverly, Nebraska.

Approximately 10,000 customers in the Omaha area experienced a power outage, as reported by the Omaha Public Power District. On Saturday morning, the number had decreased to slightly over 4,300.

Pillen, the governor of Nebraska, announced on the social media platform X that he had directed the allocation of state resources to assist in the emergency response and help first responders evaluate the extent of the damage.

SOURCE – (AP)

World

Andrew Tate Human Trafficking Trial to Proceed in Romania

Published

2 days ago

2024-04-26

Geoff Thomas

Andrew Tate Human Trafficking Trial to Proceed in Romania

The trial of popular influencer Andrew Tate and his brother Tristan will proceed, the criminal court in Romanian has announced. Tate, his brother Tristan, and two Romanian female suspects were accused in June on charges of human trafficking, rape, and organizing a criminal gang to sexually exploit people, which they deny.

Under Romanian law, the case was then sent to the Bucharest court’s preliminary chamber, which was responsible for inspecting the case files and evidence to guarantee validity. The process is now complete, and the criminal trial may begin.

“The court notes the legality of evidence management by… prosecutors, and rules that the case can go to trial,” the Bucharest court said, adding that the decision can be appealed. There is no definite date for the trial.

Eugen Vidineac, the brothers’ principal defence lawyer, stated that he has filed an appeal against the ruling.

“The preliminary chamber judge’s decision lacks a legal basis and reasoning,” he stated in a statement. “We have filed a strong appeal as we believe the ruling to be unlawful.”

The Tates’ counsel stated that no trial date had been set, and that “the decision is going to be appealed.”

Britain’s request to extradite Andrew Tate

In March, a Romanian court authorized Britain’s request to extradite Andrew Tate and his brother on sexual assault claims stretching back to 2012-15, but only after Romanian trial processes had concluded.

The Tate brothers, both former kickboxers with dual citizenship in the United States and the United Kingdom, are the most high-profile accused facing human trafficking trials in Romania, and their case will serve as a test for Romania’s anti-organized crime prosecuting arm DIICOT.

Adult trafficking, like rape, carries a maximum 10-year prison sentence.

From late December 2022 to April 2023, the Tate brothers were in police custody to prevent them from escaping the country or tampering with evidence.

They were subsequently held under house arrest until August, when courts placed them under judicial control, a less stringent arrangement that allows them to move freely but not leave the country.

According to Romanian prosecutors, the Tate brothers recruited their victims by charming them and making false claims about wanting a relationship or marriage.

The victims were subsequently driven to homes outside of Bucharest and sexually exploited through physical abuse and mental intimidation by being forced to create pornographic content for social media platforms that produced a lot of money, according to prosecutors.

Tate, a self-proclaimed sexist, has amassed millions of followers by preaching an ultra-masculine lifestyle that opponents argue denigrates women.

Who is Andrew Tate?

Andrew Tate is a controversial internet celebrity who promotes toxic masculinity and holds misogynistic ideas. The former kickboxer rose to prominence after posting sexist, homophobic, and nasty messages on social media and in viral videos.

Tate’s incendiary words frequently objectify women, excuse sexual assault, and reinforce damaging gender stereotypes. Despite being banned from multiple platforms, his cult-like following spreads his harmful views online.

Tate’s unabashed embrace of hypermasculinity and a lavish lifestyle appeals to disillusioned young men looking for approval. However, many see his ideas as a breeding ground for internet radicalism, which fuels real-world violence and persecution of women.

Tate’s unbridled anger has triggered a global response, with critics accusing him of spreading hate speech that normalizes women’s degradation.

Source; Reuters

World

Europe Is Beating Inflation. Why Can’t America Declare Victory?

Published

2 days ago

2024-04-26

Kiara Grace

Advisor - VOR News Image

Inflation has decreased significantly from historically high levels in both the United States and Europe. However, the United States is seeing a delay in progress, as the Federal Reserve is currently anticipated to begin reducing interest rates after the European Central Bank.

In March, the annual US inflation rate, as assessed by the Personal Consumption Expenditures index, increased to 2.7% from 2.5% in February. The Federal Reserve’s objective is to maintain a long-term inflation rate of 2%.

The Consumer Price Index, another indicator of inflation in the United States, has also exhibited a similar increasing trajectory. The Consumer Price Index (CPI) increased by 3.5% in March, compared to the corresponding month in 2023. This is a rise from the 3.2% recorded in February.

PBS – VOR News Image

Europe Is Beating Inflation. Why Can’t America Declare Victory?

Meanwhile, inside the group of 20 countries that utilize the euro as their currency, the annual consumer price inflation rate has consistently decreased since the beginning of the year. The percentage was 2.4% in March.

Market predictions suggest that the European Central Bank (ECB) is likely to begin reducing interest rates in June, which is three months ahead of the forecasted rate decrease by the Federal Reserve (Fed).

There are even signs that the Federal Reserve may take action that, until recently, seems unimaginable – increase the interest rate for borrowing. In a recent statement, Fed Governor Michelle Bowman expressed her support for a potential increase in interest rates if there is a slowdown or reversal in inflation.

What is the reason the United States has a more significant inflation issue than Europe?

Several economists contend that the disparity in inflation rates between the United States and Europe is insignificant, attributing it to a peculiar aspect of the measurement methods used in the United States.

Bloomberg – VOR News Image

Europe Is Beating Inflation. Why Can’t America Declare Victory?

In contrast to the European Central Bank’s preferred measure, both the Personal Consumption Expenditures (PCE) and the Consumer Price Index (CPI) take into account the expenditures associated with owning a home, which includes the potential rental income that could be earned if the property was rented out instead of being occupied by the owner.

The plan aims to monitor inflation in the real estate sector, considering the high rate of homeownership among Americans. According to Paul Donovan, the head economist at UBS Global Wealth Management, people actually need to experience these theoretical housing expenses.

The US Consumer Price Index (CPI) assigns a significantly higher weight to owner-occupiers’ housing expenses compared to the Personal Consumption Expenditures (PCE) index. Specifically, the CPI assigns a weight of 32% to these costs, while the PCE assigns a weight of 13%. In contrast, the eurozone’s primary measure of consumer prices does not assign any weight (0%) to owner-occupiers’ housing costs.

Simon MacAdam, deputy chief global economist at Capital Economics, argues that the recent discrepancies between US and eurozone inflation are magnified by this transatlantic discrepancy.

When employing an alternative metric that eliminates hypothetical housing expenses and incorporates additional modifications, MacAdam discovers that core inflation rates, excluding energy and food prices, have exhibited high similarity in the United States and Europe during the previous six months.

“Contrary to recent commentary, the United States does not have a fundamental issue of widespread and excessive price pressure,” he stated in a note last week.

Economies that are moving in different directions or diverging from one other.

If the levels of inflation are essentially comparable on both sides of the Atlantic, then why are their respective central banks planning to initiate interest rate reductions at separate moments?

In essence, as MacAdam succinctly stated, central banks would modify their monetary policies based on the specific measure of inflation they aim to control rather than relying on harmonized or adjusted measures.

However, the situation is more intricate than that. “The divergence between the two sides of the Atlantic, particularly in terms of economic growth, is significant,” stated Carsten Brzeski, the global head of macroeconomic research at ING, in an interview with CNN.

According to the International Monetary Fund, the US economy is projected to see a growth rate of 2.7% this year, while the eurozone is expected to expand by only 0.8%.

In March, US firms experienced a significant surge in hiring, with the addition of 303,000 jobs marking a historic milestone. The United States government has allocated significantly more funds than European governments in recent years to provide support for consumers and businesses throughout the pandemic, resulting in a sustained and strong level of consumer demand in the United States.

Although the initial figures on Thursday indicated a lower-than-anticipated growth rate for the US economy in the first quarter, Treasury Secretary Janet Yellen expressed to Reuters that the economy is still performing quite well.

Europe’s economy has been significantly weakened, partly due to the enduring effects of an oil crisis. Following Russia’s complete invasion of Ukraine in 2022, the prices of natural gas in Europe, which used to rely on Russia for almost 40% of its pipeline gas imports, skyrocketed to unprecedented levels.

Consequently, the eurozone experienced significantly greater annual inflation than the PCE. The two rates reached 10.6% and 7.1% in 2022, respectively.

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Europe Is Beating Inflation. Why Can’t America Declare Victory?

According to Brzeski, the robustness of the US economy increases the probability of a significant resurgence of high inflation. This is causing the Federal Reserve to be more cautious than the European Central Bank in initiating interest rate reductions during the summer.

Both the United States and the eurozone are currently dealing with labor shortages. This has led firms to increase pay to attract and retain workers, which in turn is contributing to inflation in the services sector. However, in a broader sense, the demand from US consumers seems to be stronger.

“The savings ratio of US households is decreasing, indicating that people in the US are willing to use their savings for spending,” he stated. “Typically, European households tend to be more prudent.”

Davide Oneglia, the director of European and global macroeconomics at research firm TS Lombard, has a comparable perspective. “The US consumer is exhibiting a greater inclination to engage in spending due to a potentially improved outlook for their own employment situation,” he stated in an interview with CNN.

SOURCE – (CNN)