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- US Cost of Living Taking a Toll, Consumer Credit Rises and Cryptoqueen's Cofounder Gets 20 Years
US Cost of Living Taking a Toll, Consumer Credit Rises and Cryptoqueen's Cofounder Gets 20 Years
Anna Eisenberg
September 12, 2023
Anna's Daybreak News
Good morning news friends! Step into the world of news as we curate the most captivating stories, deliver fresh updates, and keep you informed with our daily roundup that leaves no headline unturned. 📰🌟
Living Expenses Taking a Toll on US Households
The cost of living in the US is leaving many households feeling the pinch. According to recent Census Bureau reports, real US household incomes fell last year by the most since 2010. With the median income dropping to $74,580 in 2022 from $76,330 in 2021, the harsh realities of a post-pandemic world come into focus.
The cost of living in the US is leaving many households feeling the pinch. According to recent Census Bureau reports, real US household incomes fell last year by the most since 2010. With the median income dropping to $74,580 in 2022 from $76,330 in 2021, the harsh realities of a post-pandemic world come into focus.
- Household incomes dropped for a third year in a row.
- The poverty measure rose as pandemic-relief programs expired.
- The cost of living is becoming more and more unaffordable for everyday Americans.
- Just when you thought things couldn't get worse, the government kept the inflation rate at 3% and the Federal Reserve is hiking interest rates. Source: Read More
Cashing Out: US Consumer Credit Rises, But Will This Bankrupt Our Economy?
- US consumer borrowing rose in July, Federal Reserve data showed. The total credit increased $10.4 billion.
- Credit-card balances saw a considerable rebound, while other types of borrowing rose at a slower pace.
- The Fed’s preferred inflation gauges rose modestly, though spending jumped, signifying consumer strength.
- The consumer credit rise might be commendable, but don't forget to pay off those pesky credit cards--or we may find ourselves bankrupt! Source: Read More
Do you think the US will be able to avoid a recession? |
The Cryptoqueen's Right-Hand Man Sentenced To 20 Years: Unraveling the $4 Billion Scam
- Karl Greenwood, co-founder and marketer of the cryptocurrency scam OneCoin, has been sentenced to 20 years in prison and ordered to pay back $300 million.
- The Ponzi scheme, led by Greenwood and the infamous Cryptoqueen Ruja Ignatova, cost millions of people around the world a total of $4 billion.
- Greenwood used his earnings of 5% of all monthly sales to fund a lavish life of luxury that included designer clothes, shoes, and watches, as well as properties in Spain, Dubai, and Thailand.
- Ignatova has been charged with fraud and money laundering, and is currently on the FBI's Ten Most Wanted List with a $100,000 reward for information leading to her arrest.
- The uncompromising justice of Karl Greenwood serves as a warning to all unscrupulous cryptocurrency criminals: no matter how long you can run, you can't hide from justice. Source: Read More
The Floods of Fury: Thousands Dead as Storm Daniel Hits Libya
Storm Daniel hit Libya, a country crumbling from conflict, with disastrous consequences:
Storm Daniel hit Libya, a country crumbling from conflict, with disastrous consequences:
- Death toll estimated to be over 5,000
- As much as 25% of Derna, Libya has been wiped out
- Thousands left missing as emergency teams mobilise on the ground
- Hysterical families search for missing loved ones while Turkey and other countries rush aid to Libya
- Some places on earth really can't catch a break it seems. Source : Read More
Baked with love,
Anna Eisenberg ❤️
What did you think of today's edition? |