Manufacturing activity in New York State fell sharply in May 2023, according to the Empire State Manufacturing Survey released by the Federal Reserve Bank of New York. The headline general business conditions index plunged 43 points, to -31.8, drastically falling below the expected level of -2.5. The survey reveals that new orders and shipments also…
Manufacturing Levels in New York State Plummet to 2023 Lows, Shatter Expectations
Manufacturing Levels in New York State Plummet to 2023 Lows, Far Below Expectations
Manufacturing activity in New York State fell sharply in May 2023, according to the Empire State Manufacturing Survey released by the Federal Reserve Bank of New York. The headline general business conditions index plunged 43 points, to –31.8, drastically falling below the expected level of –2.5. The survey reveals that new orders and shipments also…
Fed Report Shows Record-High Annual Increase in Credit-Card Balances
May 15, 2023
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Americans find themselves increasingly burdened by credit-card debt as the relentless grip of chronic inflation tightens its hold on the cost of essential goods. The Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit was just released, showing a record high 17 percent year-over-year increase in credit-card balances during the first quarter…
US Credit Card Debt Hits a Record High of Nearly $1 Trillion
May 15, 2023
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Americans find themselves increasingly burdened by credit-card debt as the relentless grip of chronic inflation tightens its hold on the cost of essential goods. The Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit was just released, showing a record-high 17 percent year-over-year increase in credit-card balances during the first quarter of…
US Credit Card Debt Holds at Record High of Nearly $1 Trillion
May 15, 2023
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U.S. credit card balances failed to decline in the first three months of 2023 as Americans find themselves increasingly burdened by the relentless grip of chronic inflation. Total credit card debt stood at $986 billion in the first quarter, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit…
Top Republican Demands Transcribed Interviews With State Department Officials on ‘Chaotic’ Afghanistan Withdrawal
The House Foreign Affairs Committee has requested transcribed interviews with five current and former State Department officials regarding the Biden administration’s withdrawal from Afghanistan. In his May 14 press release, Committee Chairman Michael McCaul (R-Texas) announced his panel’s request for on-the-record interviews, which he asked that the witnesses arrange by May 22. Interviews were requested…
Turkey Heads to Runoff Vote after Hard-Fought Presidential, Parliamentary Polls
May 14, 2023
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Turkey appears set to be heading to a runoff vote after neither of the two top contenders secured an outright majority in contentious May 14 presidential polls. According to Turkey’s official electoral commission, incumbent President Recep Tayyip Erdogan, head of the Justice and Development Party (AKP), secured roughly 49 percent of the vote. Kemal Kilicdaroglu,…
Congressman Wants Federal Medical Discrimination Law to Protect Against COVID Vaccine Mandates
May 12, 2023
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A Georgia congressman is hoping to introduce a federal vaccination bill to end what he calls outrageously unethical decisions by hospitals denying transplant patients life-saving organs because they don’t believe in the COVID-19 vaccines. Rep. Richard McCormick (R-Ga.), who is also a medical doctor known for supporting natural immunity over the experimental jab, told The…
Honduran Teen Dies in US Immigration Custody; Investigation Underway
A 17-year-old Honduran boy died while in the custody of U.S. immigration on May 10 while being detained at a facility in Safety Harbor, Florida. “The US Department of Health and Human Services (HHS) is deeply saddened by this tragic loss and our heart goes out to the family, with whom we are in touch,” the department…
Consumer Sentiment Hits 6-Month Low in May: Survey
May 12, 2023
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Consumer sentiment in the United States took a hit in May, dropping to its lowest point this year. This decline comes amid renewed concerns about the American economy and elevated expectations for inflation in the long term. According to the University of Michigan’s preliminary reading of its consumer sentiment index, the figure dropped to 57.7—considerably…
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