Ninety-three per cent of Venezuelans said their income was not sufficient to buy the food they need, according to a survey by some of the country’s top universities. Nearly three in four Venezuelans reported suffering weight loss last year, and, of those, a 9kg loss on average. The price of basic groceries for a family is currently about 15 times the minimum wage and prices continue to rise.
The federal government next month is expected to release detailed info on health insurance companies raising their rates by more than 10 percent – which analysts expect to be most insurance companies across the country.
In past years, that’s when she received her federal Earned Income Credit tax refund.
The check never came.
On the phone, an Internal Revenue Service agent told her the Department of Education (DOE) was “holding back” the $8,220 refund to recoup some of her student loan debt. It would probably do the same next year, the agent told her, to recover the rest of the nearly $17,000 she owed.
The European Central Bank should maintain a “firmly accommodative” monetary policy for an “extended period”, the International Monetary Fund said on Tuesday, as it forecast inflation remaining below target.
Euro-area governments have saved almost 1 trillion euros ($1.16 trillion) in interest payments since 2008 as record-low European Central Bank rates depress bond yields at a the time when state treasurers are also reducing debt. That’s according to calculations by Germany’s Bundesbank
The Bank of Japan’s two new board members said it’s too early to talk about any exit from the current monetary stimulus program because inflation is far below target, echoing the view of Governor Haruhiko Kuroda.
“The loan universe hasn’t seen defaults of this magnitude from retail since the sector’s previous high of 5.7% in 2009,” said Eric Rosenthal, senior director of leveraged finance. Defaults are being caused by a mixture of factors, including changes in the sector such as changing shopper behavior, as well as unsustainable capital structures, said Fitch.
This new record high in U.S. Retirement assets is most certainly a good moral booster for Americans. As their retirement assets continue to increase, this provides them a wonderful incentive to fork over more of their hard-earned monthly income to feed the DARK HOLE I label the U.S. Retirement PAC-MAN Monster.
Yet, the many raw material supply chains for larger-scale batteries are immature relative to the potential market pull. Every few weeks the projections for EV sales steepen. Everyone talks about car and battery plants. Amidst the hype few talk about upstream mines and processing facilities. It’s like being bullish on gasoline cars and refineries, but dismissing the importance of scaling up oil to meet the demand.
Gold & Silver
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