The newest Social Security cost-of-living adjustment (COLA) projection for 2024 pushed higher even though inflation in the United States managed to decline in June, reaching its lowest point in over 2 years. As per information issued on Wednesday by the U.S. Bureau of Labor Statistics, total inflation increased by 3% in June 2023 compared to the…
The Breathe program, which pays out to 1,000 members each month on the 15th, is scheduled to receive a $1,000 cash payment from Los Angeles County’s guaranteed income program. Breathe is a guaranteed income initiative in Los Angeles that distributes payouts to 1,000 individuals each month. Beneficiaries get the funds each month for around 3 years….
A California state assembly committee with a Democratic majority has decided not to move forward with a measure that might have made trafficking in children a serious crime in the Golden State. In a decision that might ensure the bill doesn’t become law this year, Democrats on the Assembly Public Safety Committee agreed not to…
The U.S. Department of Education declared on Friday that $39 billion in unpaid student loans would be canceled. Over 804,000 people shall be notified by email in days to come that their federal student loans would be immediately erased. Borrowers need to have finished an income-driven repayment (IDR) plan with payments equal to one of…
The business was conducting a membership deal, but it confused some customers using the self-checkout. Walmart was selling annual memberships at $49 instead of the usual $98 price. Walmart Plus Week was when the deal was made available. However, some customers who used self-checkout unintentionally bought the cheaper subscription. On self-checkout kiosk displays, a pop-up…
In Texas, a 37-year-old lady was fatally shot in an alleged case of road rage after her husband, who was driving their minivan, claimed he “flipped off” the other driver who attacked by firing multiple bullets at their car. Right after the event, the victim, Paola Nunez Linares, was declared dead at a nearby hospital,…
Despite being given the position, Florida Governor Ron DeSantis stated on Tuesday that he has no plans to stand for vice president in 2024 under the administration of former President Donald Trump. He said that he would rather be a governor than the vice president and said that the former position “doesn’t have any power.”…
Finally, there is cause for celebration for Social Security beneficiaries: on Wednesday, the projection for the rise in benefits for the following year was slightly raised, despite the government’s claim that inflation continued to decline in June. After peaking at 9.1% in June 2022, annual inflation dropped to 3% in June from 4% in May….
The biggest US banks’ profit lines suffer as consumers fail on loans totaling billions of dollars. The Financial Times reports that JPMorgan Chase, Bank of America (BofA), Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley show up having written off a total of $5 billion in funds in Q2 of the current year as clients…
A famous economist weighed in on the current discussion about de-dollarization and cautioned that the US dollar’s value is decreasing. According to Paul Gruenwald, the global head economist at rating agency S&P Global, the dollar “don’t have half the attraction that it used to,” he stated at a conference in London on Tuesday. According to…