“The number of credit card holders making only minimum payments on their bills has jumped to a 12-year high, a study by the Philadelphia Federal Reserve found.
The level of cardholders only making minimum payments rose to 10.75% in the third quarter of 2024, the study found, continuing an upward trend from 2021.
The number of 30+ day delinquencies also rose during this period, up to 3.52%. That’s double the delinquency rate of 1.57% from the pandemic low in the second quarter of 2021.”
“Human-caused climate change made the Los Angeles-area fires more likely and more destructive, according to a study”
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“The study — from an international group of 32 climate researchers — shows how climate change fits into the myriad factors that made the multiple blazes one of California’s most destructive and expensive wildfire disasters on record.”
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“The scientists found that low rainfall from October through December is now more than twice as likely compared to the climate that existed before humans began burning fossil fuels such as oil, coal and gas for energy.”
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“the LA fire season is becoming longer, with “highly flammable drought conditions” lasting about 23 more days now than during the preindustrial era.”
“57% of registered voters have an unfavorable opinion of the Democratic Party, the highest percentage since Quinnipiac started asking the question in 2008.”
“Remember two years ago, when GDP was reported as having shrunk for two consecutive quarters, and there was an entire exhausting discourse about whether it qualified as a recession? Turns out it was a statistical illusion.”
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“The Commerce Department published on Thursday morning revised GDP data for the past several years based on more complete information. One of the adjustments: GDP is now estimated to have grown in the second quarter of 2022 at a 0.3% annual rate.”
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“The revisions also point to more robust GDP growth throughout the post-pandemic expansion, with 2021 GDP growth revised up by 0.3 percentage points, 2022 up 0.6 points, and 2023 up 0.4 points.”
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“GDP growth numbers for the second half of 2023 were revised down, pointing to some deceleration of activity heading into 2024.”