Why Squid Prices Are Skyrocketing and What the Government Is Doing About It – Exclusive Report by Journalist Lim Hyun-joo
◀ Again ▶ Squid, which our people enjoy eating, is not caught much nowadays due to climate change. The price of imported squid is said to have increased significantly as production has decreased, so many seafood markets no longer sell squid. Starting today, the government has started importing 15,000 tons of deep-sea squid. Journalist Lim […]
Medical Students’ Conflict with Government Continues: Why Are They Still Not Returning to School?
◀ Again ▶ As conflict continues between the government and medical associations, medical students who dropped out of school are still not returning. The government announced that only about half of leave requests follow procedures, but medical students conducted their own survey and found that 97% of students submitted leave reports. The government has said […]
The Yen Plunges: Will Japan Intervene and Why Haven’t They Yet?
The value of the yen has plunged well beyond Japan’s red line. Traders are wondering when authorities will start buying more currency and why they haven’t done so yet. The yen fell to a 34-year low against the dollar after the Bank of Japan indicated on the 26th that monetary easing would continue. As the […]
Eyes on Fed Chair Powell as Decision Looms: What to Expect Next
Federal Reserve Chairman Jerome Powell will hold a press conference after the Federal Open Market Committee’s (FOMC) policy decision on May 1st. All eyes will be on the chairman’s comments to determine how long it will take before the US authorities decide to cut interest rates. When he last spoke, he noted that there was […]
40 works announced in Parque Fundidora
01 MIN 00 SEG Daniel Reyes Monterrey, Mexico (April 26, 2024) .-12:17 hrs The plan was presented to Governor Samuel García by the executive president of the Parque Fundidora organization, Bernardo Bichara. Credit: Daniel Reyes Fundidora Park announced a package of 40 works to adapt various spaces, including a children’s play area and a two-lane […]
Concerns within the Liberal Democratic Party Over Premature Interest Rate Hikes amid Yen Depreciation
As the Yen continues to depreciate rapidly, some within the Liberal Democratic Party say expectations for further interest rate hikes from the Bank of Japan are premature. Before political events such as the presidential election, the dissolution of the House of Representatives and the general election that will be discussed later this year, there is […]
Inflation Concerns Rise as Fed’s Preferred Price Gauge Holds Up: What to Expect This Week
US Federal Reserve officials are likely to see more signs this week that progress in reducing inflation is slowing. The Bank has recently indicated that it intends to maintain high interest rates for a longer period of time than previously expected, which could confirm a change in tone. The US personal consumption expenditure (PCE) price […]
Failures overflow into the drainage network
00 MIN 30 SEG Oneida Tovar Monterrey, Mexico (April 21, 2024) .-05:00 hrs On Av. Santa Cruz and Ocre, the waters fall towards the area of the La Silla River. Credit: Oneida Tovar In Ruiz Cortines and Peral there were remains of the work, but the problem continues. Credit: Oneida Tovar The neighbors have been […]
Policymakers Struggle to Respond to Rising Dollar and High US Interest Rates: Mohamed El-Erian
Mohamed El-Erian said policymakers around the world are finding it difficult to respond to a rising dollar and consistently high US interest rates. “Authorities around the world are in a bit of a freeze on how to respond to the overall strength of the dollar,” El-Erian said on Bloomberg Television on Tuesday. “How will we […]
US Retail Sales Surge Impact Treasury Yields and Interest Rate Cut Expectations
US retail sales grew faster than expected, further reducing expectations for a US interest rate cut this year. After the data was released, the exchange market stopped pricing in interest rate cuts before November altogether. At the start of the year, it was expected to start in March. At this point, expectations for a rate […]
