In a country where hunger has become so commonplace that Venezuelans have lost an average of 11 kilos, or about 24 pounds, the idea of farmers reducing their production sounds counter-intuitive and even inhumane.
Although such an expense is nothing out of the ordinary, especially for young parents, Vox reports, most Americans couldn't afford it. Only 39 percent of American families said they had the savings to cover a $1,000 emergency,according to a Bankrate survey from earlier this year.
According to David Teal, the Alaska Legislative Fiscal Analyst since 2014, lawmakers have pulled around $2 billion to $2.5 billion per year from the account, draining the reserve. Once over $10 billion strong, the CBR balance is now barely more than $2 billion. By pulling $600 million to help pay for the budget, lawmakers are slashing nearly one-third of the CBR's balance, which means the state could only sustain current spending and revenue for two more years.
Connecticut ended the last fiscal year with nearly $24 billion in taxpayer-backed bonded debt, and has one of the highest per capita debt ratios in the nation. Hitchcock also noted that the state has been exploring several options to bolster its poorly funded pension program for municipal teachers, including diverting new General Fund resources such as lottery proceeds toward that system.
Russian Finance Minister Anton Siluanov said in February that Russia is not sticking to American debt and can replace it if it finds an adequate substitution elsewhere. “We are ready to invest in the securities issued by other sovereign states, the main thing is that they should be low-risk and accordingly bring income,” Siluanov said at the time.
But the guardians of the global economy face challenges beyond trade, including the end of years of easy central-bank money and a world debt pile that has climbed to a record $164 trillion. Financial markets have been choppy this year, with U.S. stocks down slightly after a strong performance in 2017.
The fact has not gone unnoticed by some on Twitter, who agree that BAE Systems has done very well out of the UK-US-France allied airstrikes on Syria, which were sanctioned by Theresa May. It has been reported that the UK’s contribution to military strikes was to fire eight ‘Storm-Shadow’ missiles at an alleged chemical weapons facility, each of which cost £790,000 ($1.13 million) – totaling £6.32 million ($9 million). The missiles were manufactured by BAE Systems.
A great example of that is Facebook’s Nearby Friends. The feature lets you share your position with your friends so — and here’s that shiny promise — you can more easily hang out with them. But do you know anyone who is actively using this feature? Yet millions of people started sharing their exact location with Facebook for a feature that’s now buried and mostly unused. Meanwhile Facebook is actively using your location to track your offline habits so it can make money targeting you with adverts.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."