Poverty levels in Argentina hit a multiple-year high in January following the drastic economic reforms carried out by newly installed President Javier Milei, the Social Debt Observatory of the Catholic University of Argentina (UCA) said in its latest report released this past weekend. According to the data, the share of people in poverty in the country surged to 57.4% last month, the highest since... 

The number of pet abandonment cases all over the world is soaring as inflation drives up the cost of keeping these beloved animals around and people who got pets during the Wuhan coronavirus (COVID-19) lockdown period are now resorting to abandoning them as they return to their offices. In Singapore, animal welfare groups said these new developments have emerged as major reasons why people abandon... 

The International Monetary Fund (IMF) has given the green light to release $4.7 billion for Argentina in a move tied to a comprehensive debt restructuring strategy, despite the nation falling short of benchmarks related to its $43 billion loan initiative. This decision was made public on Wednesday. Argentina is grappling with a profound economic crisis, considered the most severe in two decades. The... 

In response to the recent protests against Argentina’s economic reforms led by President Javier Milei, the new government has declared that organisers of the demonstrations will be held financially accountable for the associated security costs. The security expenses, totaling 60 million pesos, will be invoiced to the social movements responsible for orchestrating the protests, according to a... 

Argentina is in a very difficult economic situation with inflation over 100 percent in March and a currency, the peso, plummeting in value against the dollar. The country’s central bank recently raised its key interest rate to 91 percent, which is the highest level in over 30 years, reports TT. This has created great difficulties for Argentine borrowers. Restaurant owners in Buenos Aires have... 

Food prices in France and Spain are continuing their relentless rise, as the worst cost-of-living crisis in a generation rages across the European Union (EU), according to data published by Bloomberg on Monday. The cost of the main groceries needed to cook the French dish coq-au-vin soared 15.4% in March to more than €19 ($21) compared to the same period a year ago, according to data from the national... 

In a normal time, in a normal country, voters would reject record gas prices, record inflation, record crime rates, war and corruption. But not today. Once again, Democrats proved they can survive anything as long as they have their fraud. Americans reject every single dish the Democrats served. Yet, Democrats shocked Americans on Tuesday to win the US Senate, steal battleground states, and possibly... 

Soaring food, energy, and shelter inflation have led to what could be a new era of civil unrest worldwide. Pockets of unrest have been observed in Sri Lanka, Peru, Kenya, Ecuador, Iran, and Europe. New research forecasts a broader wave of discontent is just ahead. While this topic of developing social unrest is hardly new, we discussed it in late 2020, “Why Albert Edwards Is Starting To Panic About... 

The Central Bank of Zimbabwe stated on Monday that it would soon begin issuing gold currency in an effort to reduce inflation, which hit 191 percent in June. The Harare government thinks that this will decrease demand for US dollars and at the very least slow down the further depreciation of the local currency. The coins should be accessible through neighborhood banks and currency exchanges by the... 

President Joe Biden awkwardly blamed “the need for mental health in America” when asked about his disastrous poll numbers in an interview with the Associated Press on Thursday. Sleepy Joe, whose own mental capacity is questionable at best, did everything but take personal responsibility for the nation’s skyrocketing inflation and rising gas prices during the discussion. After being asked about... 

Consumer prices in Turkey soared by 69.97% in April compared to the same month last year, according to official data released on Thursday. Inflation has soared amid rising energy prices against the backdrop of the Russia-Ukraine war and due to a lira crash late last year. The figure, released by the Turkish Statistical Institute, exceeded the central bank’s estimate of 68% and represents the steepest... 

In mid-2007 the Bank for International Settlements (The central bank of central banks) released a statement predicting an impending “Great Depression” caused by a credit market implosion. That same year the International Monetary Fund also published warnings of “subprime woes” leading to wider economic strife. I started writing alternative economic analysis only a year earlier in 2006 and... 

The inflation rate in the South American country of Argentina is exceeding forecasts, creating worries for many. According to the latest government data, Argentina’s monthly inflation rate officially rose to 6.7 percent in March, the highest level in two decades. Both food and gasoline are affected by the increase, which is outpacing some people’s salaries and savings. The INDEC statistics agency... 

Lack of agricultural raw materials and supplies, energy shortages and housing shortages. A whole generation of “entitled” Westerners will learn what it means to live in poor conditions where there is a lack of most things, warns the world’s largest fund manager Blackrock. Chairman Rob Kapito says that dramatic inflation will be so high that major effects are to be expected in the... 

EU forced to admit that price hikes are not as temporary and benign as previously said. Inflation across the Eurozone surged to 5.1% in January from 5% in the previous month, despite optimistic expectations for a sharp drop to 4.4%, data from Eurostat showed on Wednesday. Inflation is now more than twice the ECB’s 2% target. The latest growth reportedly reflects the hottest rate of inflation across...