Global debt nears record high as rate hikes trigger ‘adjustment crisis’ says top trade body

The IIF said the combination of such high debt levels and rising interest rates has caused the cost of servicing that debt to rise, triggering concerns about leverage in the financial system. “At nearly $305 trillion, global debt is now $45 trillion above its pre-pandemic level and is expected to continue to increase rapidly,” the IIF said. HIROSHIMA, JAPAN – MAY 17 : People walk under a banner promoting the Group of 7 (G7) summit at a shopping street on May 17, 2023 in Hiroshima, Japan. The G7 summit will…

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Gov. Ron DeSantis Signs Toughest Illegal Immigration Legislation In Country To Combat Bidens Border Crisis

JACKSONVILLE, Fla. Today, Governor Ron DeSantis signed Senate Bill 1718 to combat the dangerous effects of illegal immigration caused by the federal government’s reckless border policies. This legislation makes the use of E-Verify mandatory for any employer with 25 or more employees, imposes enforcement penalties for those who employ illegal aliens, and increases penalties for human trafficking. Additionally, this bill bans local governments from issuing identification (ID) cards to illegal aliens, invalidates ID cards issued to illegal aliens in other states, and requires hospitals to collect and submit cost data…

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