Since 2013, an estimated 170,000 people have died from overdosing on both prescription and illegal opioids. That's roughly three times the number of U.S. military personnel killed during the Vietnam war.
The 53-page report raises concerns about Metro’s nearly $3 billion in unfunded retirement and health-care costs, and notes that its $4.7 billion in total pension liabilities represents about 6.5 times what the agency spends annually on salaries and wages.
What happened: Excluding timing shifts, outlays grew 8%, as the net interest on public debt jumped 25%, defense spending jumped 10%, outlays for Social Security grew 5%, and outlays for Medicare benefits rose 7%.
Egypt cancelled its second consecutive treasury bonds auction on Monday after banks and investors demanded high yields on the debt, statements by the central bank showed.
"That debt might not be where it was, going into the global financial crisis surrounding real estate in the US, but there's an enormous amount of debt at government levels — whether it's in Europe, Japan or the US, where it's $US21 trillion at a government level.
“To make doughnuts a month ago, I used to spend 150 pesos (almost $4) for oil and seven bags of flour. Now it’s more than 400 pesos,” complained Gladys Jimenez.
Chinese bond traders ramped up their leverage to a record high in August, and that could be catching the central bank’s attention. The turnover of overnight repurchase contracts, a tool traders use to seek financing to fund their bond purchases, increased for a second straight month to hit 66.1 trillion yuan ($9.6 trillion), official data showed.
The relentless slide in India’s rupee has analysts rushing to rework their forecasts. With the currency setting one record low after another, lenders including DBS Bank Ltd. are now predicting it will slide to as weak as 75 per dollar.
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