ECB may need to act on even ’not-too-persistent’ inflation surge, Lagarde says
Author: everyonehub2025@gmail.com
Arkansas farmers, particularly rice growers, are facing mounting financial pressure as farm bankruptcies nationwide rise sharply, underscoring what industry leaders warn could be a turning point for agriculture in the state. New data from the American Farm Bureau Federation shows Chapter 12 farm bankruptcies climbed to 315 filings in 2025, a 46% increase from the previous year and the second consecutive annual rise. Arkansas, the nation’s leading rice-producing state, recorded 33 of those filings, more than double its 2024 total and the highest number in the state this century. The increase comes as rice farmers are projected to lose more…
A proposal to tax California’s billionaires is testing the limits of America’s enthusiasm for making the über-rich pay their share. The so-called Billionaire Tax would raise an estimated $100 billion through a one-time, 5% “wealth” tax on roughly 200 California billionaires. Proponents are collecting signatures to get the tax on the November ballot. The billionaire tax is polling well among California voters: half of them support it, and 28% oppose it, according to a survey released in March by UC Berkeley and Politico. But California Gov. Gavin Newsom opposes the tax, and some of the state’s most prominent billionaires say…
Every so often, a new set of economic buzzwords enters — or reenters — the zeitgeist. This spring, terms like the “K-shaped economy” and “stagflation” are having a moment. They shape how politicians, pundits, and the media discuss the economy, but their nuances and real-world implications are often lost in the discourse. Stagflation fears, for example, are surfacing as oil prices spike due to the U.S.-Israel war against Iran, reigniting inflation worries. Even Federal Reserve Chair Jerome Powell said he reserved the term for a “more serious set of circumstances” than what the nation faces today. “I always have to…
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