Biden wants to suspend gas taxes to fight inflation

Published on : 06/23/2022 – 04:59 Inflation in the United States is now the major economic and political fact in the country, driven in particular by the price of gasoline. President Joe Biden is calling for a summer fuel tax break. With our correspondent in Washington, Guillaume Naudin A measure supposed to last 90 days. … Read more

contaminations, complaints, pizzas concerned… Update on the health scandal

56 people were infected with E.coli bacteria after eating “Fraîch’Up” pizzas, according to Santé Publique France. Two new ranges are now in question. While the massive recall of Buitoni pizzas from the “Fresh’Uphas been worrying consumers for nearly two months, investigations are continuing. Number of confirmed cases, legal follow-up, new ranges called into question… Le … Read more

US cosmetics maker Revlon files for bankruptcy

The company is suffering from supply problems but also from the inflation that is rampant in the United States. US nail polish, lipstick and perfume maker Revlon filed for bankruptcy by filing Chapter 11 proceedings to reduce its debt. In a document filed late Wednesday in a New York court, the company said the total … Read more

Fed raises rates three-quarters point, biggest hike since 1994

The US central bank now expects inflation to be 5.2% this year, down from 4.3% projected in March, and will therefore make further hikes at upcoming meetings in 2022. The central bank of the United States, surprised by the acceleration of inflation in May, at its highest for more than forty years, raised its key … Read more

prohibited pizzas still on sale in Franprix stores

Despite the March 18 product recall, Fraich’Up pizzas were found in Franprix stores in Paris. Buitoni pizzas banned from sale are still present on the shelves of some Franprix stores, according to information from RMC. The brand’s Fraich’Up range had made dozens of people seriously ill, and caused the death of two children. Read alsoBuitoni … Read more

When the fuel boom weighs on the American economy

AFP, published on Sunday, June 12, 2022 at 06:45 The record prices at the pump in the United States inflate the bill for motorists but also have repercussions on many parts of the economy, straining the budget of truckers, pushing up plane tickets or reviving interest in electric cars . They crossed a new threshold … Read more

In the United States, inflation, at 8.6%, worsens further

America is experiencing its most serious price spike in forty years. In May, the price index jumped 1% over one month. The hopes of the most optimistic to see inflation slow in the United States have been dashed. The consumer price index for the month of May reveals, on the contrary, an aggravation of the … Read more

why americans are always buying more guns

DECRYPTION – Despite the repetition of the killings, the Americans continue to arm themselves massively. Each mass killing pours salt into the sore of the still heated debate over gun control in the United States. The death of nineteen children and two teachers by the bullets of an 18-year-old killer in Uvalde, Texas, is yet … Read more

Fed determined to curb inflation, several more half-point hikes ‘probably appropriate’

Managers want “quickly return monetary policy to a neutral path”. US central bank officials have said they are determined to bring inflation down sharply, and most of them estimated at their last meeting in early May that several more half-point rate hikes will be “probably necessary”. Read alsoWall Street opens lower while waiting for the … Read more

Biden’s Fed nominee Michael Barr downplays institution’s climate role

According to Michael Barr, “the only objective should be to understand the risks that the climate could pose to the financial system and to work” on “measures to manage these risks.” The US central bank (Fed) must understand climate risks and help banks deal with them, not determine which sectors they should or should not … Read more