In May 2023, Florida Governor Ron DeSantis signed Senate Bill (SB) 1718 into law. Set to take effect July 1, 2023, the legislation makes sweeping changes to state immigration policies in response to expected growth in border immigration activity following the end of Title 42 restrictions on border entry that are been implemented during the COVID pandemic. Among other actions, the law requires hospitals to collect information on immigration status, creates penalties for hiring undocumented immigrants, extends employment verification screening requirements to all employers with 25 or more employees, voids…
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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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