Dyed diesel fuel prices

Share to Twitter Share to Linkedin Falling house prices tend to be bad for incumbent politicians during reelections. Take, for example, George H. W. Bush. Vice President George H. W. Bush was elected president in a landslide in 1988. The U.S. housing market had been booming for years before that election. The Northeast boomed from 1986 to 1988, and California was also booming in 1988. Nationally, nominal house prices increased 14% in the 20 months from January 1987 until the election in November 1988, according to the S&P CoreLogic Case-Shiller Home Price Index . Eight states voted for George Bush that haven’t voted for another Republican presidential candidate since then. Six of those states were in the Northeast, and one was California. All of those states saw big house price increases in the 1980s. By 1990, however, house prices nationally had stopped increasing. Real house prices and family home equity wealth fell with the 1990 recession. … [Read more...] about Falling House Prices And The Elections In 2022 And 2024

- A + A COLOMBO (June 27): Sri Lanka will shut schools and only allow fuel supplies to services deemed essential like health, trains and buses for two weeks starting Tuesday, a minister said, in a desperate attempt to deal with a severe shortage. Sri Lanka is suffering its worst economic crisis, with foreign exchange reserves at a record low and the island of 22 million struggling to pay for essential imports of food, medicine and, most critically, fuel. Industries like garments, a big dollar earner in the Indian Ocean nation, are left with fuel for only about a week to 10 days. Current stocks of the country will exhaust in just under a week based on regular demand, Reuters calculations show. Sri Lanka will issue fuel only to trains and buses, medical services and vehicles that transport food starting Tuesday until July 10, Bandula Gunewardena, the spokesman for the government cabinet, told reporters. Schools in urban areas will be shut and everyone is urged to … [Read more...] about Sri Lanka stops fuel supply to non-essential services as crisis worsens

Share to Twitter Share to Linkedin It was a momentous announcement over the last few months – Toyota’s first all-electric car, the bZ4X, was launched in the UK , having arrived in the USA in April and Japan in May. After the Japanese company’s feet-dragging and negativity towards EVs, in favor of hydrogen, it felt like an “if you can’t beat ‘em, join ‘em” moment. It might be the first ding the death knell for fuel-cell vehicles, but there is another factor that could kill hydrogen stone dead except where you absolutely must use it. Although the bZ4X’s launch has already been significantly marred by a recall , the car has potential. Its headline act is the battery warranty, which is for ten years or a million kilometers (620,000 miles). This will reassure the naysayers who go on about “having to change the battery after three years” (because they think an EV is the same as a smartphone). Otherwise, the bZ4X merely matches the crowd, with a … [Read more...] about Hydrogen Cars Might Be Dead Already Despite This Fuel Cell Hypercar

PUTRAJAYA: The government is willing to bear the projected huge subsidy totalling RM77.3bil for this year towards stabilising the prices of goods and avoiding high inflation rates of up to 11.4%, says Datuk Seri Mustapa Mohamed.The Minister in the Prime Minister’s Department (Economy) said the government had a choice of removing subsidies and strengthening the country’s finances to a better level but it chose to bear the subsidies instead for the welfare and well-being of the people. Mustapa said the announcement on June 24 by Prime Minister Datuk Seri Ismail Sabri Yaakob of no increase in the water and electricity tariffs and the chicken price not being floated showed the government’s caring side and commitment to maintaining the subsidies. Referring to the projected consumer subsidy expenditure amounting to RM77.3bil, he said RM51bil of it was for fuel, cooking oil, electricity, water, chicken and egg subsidies. “Without these subsidies, the inflation rate of 2.8% last month … [Read more...] about Tok Pa: Subsidies will stabilise prices and avert inflation

- A + A KUALA LUMPUR (June 28): The ringgit opened broadly higher against the US dollar on Tuesday morning (June 28) as risk appetite for the local currency strengthened following the positive revision of Malaysia’s long-term sovereign credit ratings outlook by S&P Global Ratings (S&P). At 9am, the local currency had risen to 4.3960/4000 against the greenback from 4.4030/4060 at 6pm on Monday. “This improvement (the positive revision) surely strengthened investors’ sentiment and confidence in Malaysia’s economy,” an analyst told Bernama. In its latest report on Malaysia, S&P foresees the country’s gross domestic product (GDP) growth at 6.1% in 2022 and 5% in 2023. The steady growth momentum is supported by high commodity prices, strong exports and domestic demand with the reopening of the economy. Additionally, S&P affirmed the "A-" rating for long-term and "A-2" for short-term foreign currency sovereign credit ratings, as well as Malaysia’s … [Read more...] about Better rating revision lifts ringgit in early trade

Share to Twitter Share to Linkedin Glastonbury is in the air with both the record-breaking youngest ever headliner, Billie Eilish, and the oldest, Sir Paul McCartney, taking to the stage. Festival goers have splashed the cash on tickets, transport and tents; all of which might paint a picture of positivity when it comes to the UK’s finances. The reality is much more off-key. Consumer confidence is now at its lowest level for years as many face a cost-of-living crisis, with essentials such as food and fuel prices continuing to spiral. GfK data confirms this. The data company's monthly index which ‘checks the temperature’ of consumer confidence decreased by one point , to -41, in June and a record low. The survey which has been running for over forty years, asks consumers how they feel about personal finances and the UK economy. Despite covering past periods of recession and hardship, today’s consumers say they are feeling financial pain like … [Read more...] about Brits Enjoy Summer Of Festivals & Travel Before Increased Economic Worries

- A + A (June 28): Runaway food inflation may be tamed soon — at least temporarily — as farm commodities tumble after a surge that pushed up prices of everything from bread to chicken wings. Four months after Russia’s invasion of Ukraine upended trade flows and sent futures soaring, fear of grain shortages is giving way to optimism that key producers will reap harvests large enough to help replenish war-pinched reserves. That’s critical for the wheat needed to feed the world; the corn to nourish hogs, chicken and cattle; and the oilseeds to process food. “Supply may not be as impaired as we think because other areas will compensate for any losses from Ukraine, and it is happening across the board,” said Marc Ostwald, a global strategist at ADM Investor Services in London. Australia, one of the biggest wheat exporters, is forecast to produce another huge crop this year, while Brazil’s biggest-growing area has so much corn it’s piling up outside bins. Nervousness … [Read more...] about Food inflation relief within sight as crops and crude pull back

Share to Twitter Share to Linkedin Topline Investors piled out of cryptocurrency investment funds at a record pace last week after bitcoin plummeted to its lowest level in 18 months, crypto asset management firm CoinShares reported Monday, highlighting the bearishness that's come to a head this month as markets grapple with the Federal Reserve's reversal of pandemic-era stimulus measures. Key Facts Cryptocurrency funds posted net outflows of $423 million last week, eclipsing the prior record of $198 million set as crypto markets tumbled in January and bringing total assets down to $36.2 billion, according to a Monday report by CoinShares. Cash transferred out of bitcoin funds drove the record activity, with net outflows of $453 million—virtually erasing all inflows this year and pushing assets in such funds down to $24.5 billion, the lowest level since the beginning of last year, CoinShares reported. CoinShares' James Butterfill notes … [Read more...] about Crypto Funds Post Record $423 Million Outflows As Bitcoin Plunge Rattles Market

Yuka Obayashi and Elaine Lies (Reuters) (The Jakarta Post) PREMIUM Tokyo   ● Tue, June 28 2022 Japan scrambled on Monday to avert a looming power crunch as temperatures climbed nationwide, with authorities warning of higher than expected demand after the rainy season ended in the capital, Tokyo, at its earliest since record-keeping began. Less than two weeks ahead of an election for the upper house of parliament, surging electrical prices are making life tougher for Japanese customers, following higher fuel costs brought by Russia's invasion of Ukraine. A power shortage could batter the fortunes of the ruling Liberal Democratic Party (LDP), already under fire for its handling of higher consumer prices. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our … [Read more...] about Japan braces for power crunch as heat mounts

Share to Twitter Share to Linkedin Arianna Huffington is no stranger to wanting to make the world a better place. Her empathic reputation is renown and world-class. She continually demonstrates what it means to be a leader who puts humanity first no matter the circumstances. Huffington has been busy lately developing two unique partnerships with organizations to further her humanity-first ambition. First, Huffington's organization, Thrive Global , a behavior change technology company, recently partnered with SHRM (Society for Human Resource Management) and launched a mental health and wellness pledge. Huffington divulged that in concert with Johnny C. Taylor, SHRM CEO, the two of them felt very concerned that employee mental health and wellbeing services could be de-prioritized as a result of worsening economic conditions and a challenging business environment. As a result, both Thrive and SHRM partnered to institute an organizational pledge for … [Read more...] about Arianna Huffington: Putting Empathy Into Action Yet Again