🇦🇷💸📈 — Argentina in economic distress: The free dollar rose to 970 pesos following the return of the slight devaluation of the official exchange rate.
After being frozen for 90 days, the official exchange rate resumed its daily devaluation pace (crawling peg), causing an increase in the North American currency in alternative quotes.
It is worth noting that the national government implemented a devaluation of 17.9% the day after the presidential primary elections (PASO), as part of the agreement with the IMF. However, it subsequently held the exchange rate for a period of three months.
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British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619