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@ISIDEWITH soumis…15 heures15H
The Food and Agriculture Organization of the United Nations (FAO) reported that global food prices increased for the third consecutive month in May. This rise was driven by higher prices for cereals and dairy products, which outweighed declines in sugar and vegetable oil prices. The re-acceleration of food price growth should be a cause for concern among policymakers.The FAO Food Price Index, which tracks the international prices of a basket of globally traded food, averaged 120.4 in May, marking a .9% increase from its revised April level. Despite this rise, the index is still 3% lower than a year ago and 24.9% below its peak in March 2022. However, the index has reserved some losses over the past several months and turned higher. The FAO warned, "The recent adverse weather conditions in the Black Sea region will likely result in a downgrade in world wheat production, a possibility not yet reflected in the forecast." The bigger story here is global food prices are beginning to rise once again. This is potentially catastrophic for emerging market economies where currencies are moving lower and, inversely, food prices are moving higher. Folks in these countries have to allocate higher percentages of their incomes to food purchases, and the increase in that only produces financial stress. In return, higher food prices increase the risk of social instability.
President Joe Biden’s administration will formally propose a rule to bar medical debt from individual credit reports Tuesday, a move that would prevent major health care bills from negatively impacting borrowing.Vice President Kamala Harris and Consumer Financial Protection Bureau Director Rohit Chopra will announce the measure, a person familiar with the plan said, speaking on condition of anonymity to discuss the move before it is made public. ABC News first reported the proposal.The move is the latest effort from the administration to help lower costs for consumers ahead of November’s election rematch between Biden and Republican Donald Trump, in which inflation will be a key issue.The proposal has been percolating for months. The CFPB said last year it was working on the change. At the time, the agency was also looking to stop lenders from considering such debts in an application and curb certain repayment practices.The exact parameters of the proposed rule and when it would take effect are unclear. Chopra told ABC it could take effect in 2025, potentially making its enactment dependent on the election.
@BicameralVole de California soumis…15 heures15H
A jury in Wilmington, Del., on Tuesday found Hunter Biden guilty of three felony counts of lying on a federal firearms application in 2018, a grievous blow to the Biden family as his father enters the final months of his re-election campaign.Mr. Biden, 54, said in a statement that he was “disappointed” by the verdict, but that he was grateful for the love and support of his family and friends. He could face up to 25 years in prison, but first-time offenders who did not use their weapons to commit a violent crime typically receive no jail time. No sentencing date was set.The verdict brought an end to an extraordinary trial that made painfully public Mr. Biden’s crack addiction, reckless behavior and ruinous spending — narrated by three former romantic partners, including the widow of his brother, Beau Biden.
@9NZ3SN2 répondu…12 heures12H