At the World Bank’s annual meeting last week, Germany and the U.S. presented a proposal calling for “a fundamental reform” of the institution.
Category: 18 October 2022
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ALMOST HALF OF CANADIAN HOUSEHOLDS NEARING INSOLVENCY
Forty-six percent of Canadian households report approaching “insolvency,” defined as no more than $200 away from being unable to meet their routine basic financial obligations, according to the quarterly Consumer Debt Index compiled by MNP, a Canadian bankruptcy and insolvency counseling firm.
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AIRLINE TRAVELERS IGNORE INFLATION, HIGHER TICKET PRICES
The average price of an airline ticket is 43 percent higher than a year ago and 0.8 percent more expensive than in August, but travelers are still taking to the skies in an ongoing post-COVID travel boom.
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TOP TREND DRAGFLATION: PRODUCER PRICE INDEX EDGED UP IN SEPTEMBER
The prices suppliers charge factories for raw materials added 0.4 percent last month after falling in July and August, the U.S. labor department reported, a sign that inflation may still have more room to rise.
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SIMPLE NASAL WASH REDUCES RISK OF COVID HOSPITALIZATION
Rinsing your nasal passages with a saline solution within 24 hours of a COVID-19 diagnosis could reduce your chances of being hospitalized by 8.5-fold.
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RETAIL SALES FALL IN REAL TERMS IN SEPTEMBER
The dollar value of U.S. retail sales remained flat from August through September, according to revised figures from the commerce department that erased an initial estimate of 0.4-percent growth.
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TOO FAT TO FIGHT: U.S. ARMY TO CANCEL WEIGHT LIMITS FOR TROOPS AS RECRUITMENT NUMBERS PLUNGE
The U.S. Army will reportedly end its weight requirement for troops after it fell 25 percent short of its recruiting goal in 2022 and will instead focus on an overall fitness score.
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MASSIVE PROTESTS BREAK OUT IN PARIS OVER SOARING PRICES
Thousands took to the streets of Paris on Sunday to express outrage over soaring prices—adding new pressure to Paris after earlier strikes at oil refineries and nuclear power plants.
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IRANIAN OIL WORKERS JOIN STRIKE AFTER DEATH OF 22-YEAR-OLD WOMAN IN POLICE CUSTODY
Oil workers in Iran have joined the protests sweeping the country after the death of a 22-year-old woman in the custody of the morality police last month who allegedly violated the Islamic dress code.
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CHINA’S XI HINTS THAT HE WILL NOT LET UP ON COUNTRY’S ZERO-COVID POLICY…WILL WEST FOLLOW AGAIN?
Xi Jinping, the Chinese president, indicated Sunday at the 20th Party Congress that Beijing will not let up on its “zero-COVID” policy despite growing unrest in the country.