CSU, Italian academy ink pact for Greek, Latin studies
Under the agreement, Sanskrit students will have the opportunity to learn Greek and Latin and receive training in Italy. Key aspects of the MoU include teacher and student exchange, scholarships, joint research and publications. TNN
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Economic Times
a day ago
- Economic Times
'Recession indicators' flood TikTok in US: Labubus, lipsticks and low-rise jeans trigger panic
AP To be in a recession, the economy has to have two consecutive quarters, or six months, of negative GDP growth The term 'recession indicator' is trending all over social media in the US. Have you ever wondered what do a Labubu toy and the US Treasury yield curve have in common? For Gen Z, everything from the popularity of Labubus to listening to emo music to lipstick sales are a possible indicator of a recession. From Lady Gaga topping the charts to fashionistas stepping out in low-rise jeans and coke bottles with names-- all these are just few hints that social media users see as a sign of recession in US. TikTok is brimming with what users are calling modern-day recession indicators. Among the most talked-about are the hemline index—the theory that skirt lengths tend to get longer as economic downturns loom—and the lipstick index, which links spikes in lipstick purchases or Google searches to the onset of past recessions. ALSO READ: Social Security in August: Recipients to receive their checks on these dates. How can you make the most of it? 'A huge recession indicator nobody is talking about, ready? The club is only getting stronger,' one TikTok post said, reports Seattle Times. 'We have an event here in Seattle at Cha Cha Lounge (where) they throw Latin night on a Wednesday and it gets packed.' 'Five things trending this summer that are actually just recession indicators,' one TikTok creator says in a video, going on to point to short nails, minimalism, people quitting fake tanning and a return to natural hair colors as signs of a recession. Some posts suggested that signs of cost-cutting or anything evoking the 2007–2009 era are indicators that the US economy may be headed for a downturn. But experts don't share the same views and assessment as actual economic indicators hold steady despite clouds of uncertainty. Economists use metrics to predict recessions, such as the unemployment rate, now at 4.1%, and weekly unemployment insurance claims. ALSO READ: Stimulus payments August 2025: These US states will receive financial benefit. Do you qualify? The US real gross domestic product increased at a 3% annual rate from April through June, an improvement after contracting 0.5% in the first quarter, according to an advance estimate from the U.S. Bureau of Economic Analysis released this week. To be in a recession, the economy has to have two consecutive quarters, or six months, of negative GDP growth, economist Mark Gertler told The Seattle Times. This means, currently the US economy is not in a recession. The last time the National Bureau of Economic Research, where Gertler works, declared a recession was because of the pandemic. It was the shortest recession in US history, lasting from February to April 2020. Before that, the Great Recession, from 2007 to 2009, was the worst economic downturn in decades, and its impact reverberated through early 2000s culture. 'It could be that Lady Gaga concerts were correlated over a certain period,' Gertler was quoted as saying by Seattle Times. 'But if there's not a fundamental economic reason for that, the correlation will likely break down over time.' The Great Recession was a 'different animal' Gertler said, triggered by a bursting of the housing market bubble. When examining actual recession predictors, the US economy is holding fairly steady. ALSO READ: Social Security eyes massive reform in US: New policy could hit 3.4 million Americans this month Tara Sinclair, chair of George Washington University's Economics Department and an economic forecasting researcher, told NBC Washington while looking for recession indicators may seem strange, some have an underlying validity.'There would be reasons to think that culturally we could come up with a theoretical argument, for example, for the lipstick index, this idea that when you feel like you can't buy a whole new outfit, but maybe you can just buy yourself a new shade of lipstick, that that might somewhat be indicative of people's sense of personal finances,' she said.'I think what's more important is tracking that people are talking about it more. And in general, if people are talking about concerns about the economy, then the next step is for them to pull back on their spending. and if they pull back on their spending, then that can create a self-created recession," she said. ALSO READ: Sydney Sweeney's American Eagle ad controversy: How the actress built a $40 million empire from endorsements Labubus are actually recession indicators? 'I mean, it could be that we all get ourselves a little Labubu and if that's all we're getting everybody for Christmas this year, that's probably a signal that we've cut back a lot on our spending by Christmas," Sinclair said. 'Unless, of course, you're getting one of those collectible ones that cost thousands of dollars.'Economists rely on several key indicators to assess the nation's economic health—one of the most significant being the unemployment rate, which currently sits at around 4.1%. That figure has remained relatively stable over the past few spending is another critical measure. A noticeable drop in purchases of nonessential items can be an early warning sign of an impending recession, according to Ana Espinola-Arredondo, an economist and professor at Washington State University.
Time of India
a day ago
- Time of India
'Recession indicators' flood TikTok in US: Labubus, lipsticks and low-rise jeans trigger panic
Is US headed for a recession? Live Events What about lipstick sales and labubu dolls? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The term 'recession indicator' is trending all over social media in the US. Have you ever wondered what do a Labubu toy and the US Treasury yield curve have in common? For Gen Z, everything from the popularity of Labubus to listening to emo music to lipstick sales are a possible indicator of a Lady Gaga topping the charts to fashionistas stepping out in low-rise jeans and coke bottles with names-- all these are just few hints that social media users see as a sign of recession in US TikTok is brimming with what users are calling modern-day recession indicators . Among the most talked-about are the hemline index—the theory that skirt lengths tend to get longer as economic downturns loom—and the lipstick index, which links spikes in lipstick purchases or Google searches to the onset of past recessions.'A huge recession indicator nobody is talking about, ready? The club is only getting stronger,' one TikTok post said, reports Seattle Times. 'We have an event here in Seattle at Cha Cha Lounge (where) they throw Latin night on a Wednesday and it gets packed.''Five things trending this summer that are actually just recession indicators,' one TikTok creator says in a video, going on to point to short nails, minimalism, people quitting fake tanning and a return to natural hair colors as signs of a posts suggested that signs of cost-cutting or anything evoking the 2007–2009 era are indicators that the US economy may be headed for a downturn. But experts don't share the same views and assessment as actual economic indicators hold steady despite clouds of uncertainty. Economists use metrics to predict recessions, such as the unemployment rate, now at 4.1%, and weekly unemployment insurance US real gross domestic product increased at a 3% annual rate from April through June, an improvement after contracting 0.5% in the first quarter, according to an advance estimate from the U.S. Bureau of Economic Analysis released this week. To be in a recession, the economy has to have two consecutive quarters, or six months, of negative GDP growth, economist Mark Gertler told The Seattle Times. This means, currently the US economy is not in a last time the National Bureau of Economic Research, where Gertler works, declared a recession was because of the pandemic. It was the shortest recession in US history, lasting from February to April 2020. Before that, the Great Recession , from 2007 to 2009, was the worst economic downturn in decades, and its impact reverberated through early 2000s culture.'It could be that Lady Gaga concerts were correlated over a certain period,' Gertler was quoted as saying by Seattle Times. 'But if there's not a fundamental economic reason for that, the correlation will likely break down over time.'The Great Recession was a 'different animal' Gertler said, triggered by a bursting of the housing market bubble. When examining actual recession predictors, the US economy is holding fairly Sinclair, chair of George Washington University's Economics Department and an economic forecasting researcher, told NBC Washington while looking for recession indicators may seem strange, some have an underlying validity.'There would be reasons to think that culturally we could come up with a theoretical argument, for example, for the lipstick index, this idea that when you feel like you can't buy a whole new outfit, but maybe you can just buy yourself a new shade of lipstick, that that might somewhat be indicative of people's sense of personal finances,' she said.'I think what's more important is tracking that people are talking about it more. And in general, if people are talking about concerns about the economy, then the next step is for them to pull back on their spending. and if they pull back on their spending, then that can create a self-created recession," she are actually recession indicators? 'I mean, it could be that we all get ourselves a little Labubu and if that's all we're getting everybody for Christmas this year, that's probably a signal that we've cut back a lot on our spending by Christmas," Sinclair said. 'Unless, of course, you're getting one of those collectible ones that cost thousands of dollars.'Economists rely on several key indicators to assess the nation's economic health—one of the most significant being the unemployment rate, which currently sits at around 4.1%. That figure has remained relatively stable over the past few spending is another critical measure. A noticeable drop in purchases of nonessential items can be an early warning sign of an impending recession, according to Ana Espinola-Arredondo, an economist and professor at Washington State University.
Business Standard
a day ago
- Business Standard
Bajaj Indef Acquires 80% Stake in Daedalus to Strengthen 'Make in India' Leadership
VMPL Mumbai (Maharashtra) [India], August 2: Bajaj Indef, a trusted leader in the material handling solutions space, has announced the acquisition of an 80% equity stake in Daedalus Lift & Access Equipments Pvt. Ltd., a pioneering manufacturer of Aerial Work Platforms (AWPs) and Mobile Elevating Work Platforms (MEWPs). This strategic move aligns with Bajaj Indef's ambitious Vision 500 growth roadmap and expands its portfolio into the fast-growing access equipment segment. The Daedalus Story: Built by Passion, Powered by Innovation Founded in 2017 by four engineering graduates driven by a shared passion for technology and innovation, Daedalus set out to transform India's access equipment landscape. In a market largely dominated by imported products, the team envisioned building world-class, Made-in-India solutions. From their manufacturing facility in Chakan, Pune, Daedalus has built a full range of indigenous AWPs and MEWPs including self-propelled and manual scissor lifts, vertical mast lifts, and boom lifts. Their focus on compact design, safety, and reliability has made them one of India's most admired homegrown brands in this niche segment. The Name that Embodies Ingenuity The company's name draws inspiration from Daedalus, the legendary inventor from Greek mythology known for his ingenuity and craftsmanship. Like its namesake, Daedalus the company has built products that reflect precision engineering and breakthrough thinking--bringing Indian innovation to the forefront. Unlocking Synergy for Customers and Channel Partners With Bajaj Indef's legacy of 60+ years, robust design and manufacturing, pan-India distribution network, and robust after-sales infrastructure, the acquisition creates a powerful synergy. Customers will now benefit from: - A broader product portfolio across hoists, cranes, and access equipment - Enhanced service capabilities, ensuring faster response and reliability - Strong, unified support from two complementary brands For channel partners, this partnership opens up new opportunities to cross-sell and scale business with a wider product basket, backed by Bajaj Indef's manufacturing and financial strength. A Strategic Step Towards Vision 500 The acquisition of Daedalus is a significant milestone in Bajaj Indef's Vision 500, which aims to transform the company into a ₹500 crore enterprise in the coming years. By entering the access equipment market through a trusted, fully indigenous brand, Bajaj Indef is poised to deliver enhanced value to customers and stakeholders. Amit Bhalla, Managing Director, Bajaj Indef said on the occasion: "Daedalus is a promising start-up based on largely India based supply chain, and challenging the mighty global brands in India. In short time, they have developed unique products that can serve Indian manufacturing sector and warehousing sector. Bajaj Indef will not only support them to scale up in their dreams but also will be part of their journey hand in hand - to transform them from a small start up to most preferred brand in MEWPs and AWPs. The technical and financial strength of brand Bajaj Indef and depth and width of our customer base and distribution will drive this exponential growth. It is proud moment for us, that we are able to work together and offer more range of material handling products to our customers in line with our Vision 500." "This milestone marks a pivotal moment in our journey, uniting our innovative spirit with decades of proven expertise of Bajaj Indef. We continue to challenge boundaries and set new industry benchmarks. Our team is inspired and invigorated to unlock the True potential in Mobile Elevated Work Platform (MEWP) sector across India and International markets. Daedalus Lift and Access Equiments Pvt. Ltd. remains steadfast in delivering excellence as we shape a future defined by Growth, Innovation and Success for our Stakeholders," Daedalus founders (Sujai Pujari, Mayur Alandkar, Avinash Poojari, Sushrut Joglekar) said on this occasion. About Bajaj Indef Bajaj Indef is a leader in hoisting and material handling solutions with a rich legacy spanning over six decades. Known for its customer-centricity, innovation, and trusted quality, Bajaj Indef serves industries across India and global markets through a robust network of authorized business partners. To know more visit About Daedalus Established in 2017 in Pune, Daedalus is India's first original design manufacturer (ODM) of battery-operated and manual Aerial Work Platforms and Mobile Elevating Work Platforms. The company embodies the spirit of innovation, safety, and self-reliance, delivering products that match international standards while being proudly Made in India. To know more visit
