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05-28-26  carib

SPAL: UMAC, today.

05-28-26  carib

If Panas is concerned by that.. he should take a 30 minutes flight to Nassau.

05-28-26  carib

Savo: that is an income tax on interest, which exist in every country, except those that do not levy any income tax (not many left)and those who do not tax income produced abroad (territorial taxation).
An actual wealth tax would come on the top of income tax.

Proper calculation of bond yields should be after discounting inflation and taxes.
In many case the real net income is actually negative.
High yielding bonds with positive net real rates have the additional risk of default.
Better to be a large shareholder of MU..

05-28-26  savo

after a sufficient number of years... pana will be where he started! ... :-)

05-28-26  savo

ok.. there is a stealth wealth tax...

say you start with 100... inflation is 10% and you make 12% on the 100.

they tax you say 30% on 12... ie: 3.6

always in terms of real capital

1) fell by 10 to 90 because of inflation

2) went up by 12 due to income to 102...

3) fell to 98.4 after income tax.

wealth tax: 1.6%

05-28-26  carib

Savo: I suppose Panas was talking about a real "wealth tax".. "impot sur la fortune"

05-28-26  savo

there is already a wealth tax in the US as they tax inflation gains and income.

05-28-26  carib

Panas: I do not expect a "wealth tax" coming to the USA before 2030, if ever... but in case it arrived, what would you plan to do? Obviously, there will be an "exit tax" on wealth..

05-28-26  victor

carib, yes, he also said that.

05-28-26  carib

Anyway after mixing up Venezuela and Iran, Trump supposedly said he does not care about mid-term elections..
;-)

05-28-26  carib

Savo: actually no.
US inflation is now about 3,5%, if I am not mistaken, and that is an average. It is possible that inflation in food is higher than 3,5%. Point is living in NYC is inherently quite expensive.
I do not know what the dominican lady's job is and what is her income.

05-28-26  victor

savo, pana, some americans have no idea of anything that happens outside their country..
being fed the BS that nothing is better than "america"..

and actually expecting canadians to want to join the usa.. it's laughable.

05-28-26  savo

victor... according to the satanist FED inflation is well anchored at 2%... and according to carib 2% inflation per annum is good for the economy... so your dominican lady must be wrong...

05-28-26  victor

pana, yes

05-28-26  panasonic

California getting worse, as Hann posted here.

05-28-26  panasonic

Vic, tax the rich and free stuff is a great franchise, AI will impact highly paid jobs first.

We should stay alert on attempts to implement wealth tax...

05-28-26  spal


ONDS


$13.15

(+41.70%)
Past Week

Drone on crazy diamond

05-28-26  victor

and it's more than understandable that Mamdani won, in my op.

05-28-26  victor

carib, posted today.. apparently it's getting rapidly worse..

i bet some of them voted for dt.

En Nueva York, City Harvest calcula que más de un millón de neoyorquinos viven en hogares donde no siempre alcanza la comida

“La inflación que estamos viviendo me ha forzado a llevar este ritmo de vida y el SNAP ya no me es suficiente”

//

Nueva York CNN Español —

Desde muy temprano en la mañana, mucho antes de que la ciudad despierte por completo, decenas de personas ya hacen fila afuera de una marqueta móvil gratuita en el Bronx organizada por City Harvest, la organización de rescate de alimentos más grande de la ciudad de Nueva York.

Para las nueve de la mañana, la línea ya le da la vuelta a la manzana. Algunos dejan sus carritos guardando espacio y regresan más tarde para no perder el turno.

Con bolsas reutilizables y mochilas en mano, familias enteras esperan poder llevar suficiente comida para sobrevivir al menos hasta la próxima distribución de alimentos.

Según datos de Feeding America, más de 48 millones de personas en Estados Unidos enfrentan inseguridad alimentaria. De ellas, cerca de 14 millones son latinas.

Entre ellas está Martina Santos, voluntaria de City Harvest desde hace 13 años y también beneficiaria de la ayuda alimentaria. “Soy diabética, tengo presión alta y he tenido que saltarme comidas”, dijo Santos a CNN.

La dominicana, residente del Bronx desde hace cinco décadas, asegura que el aumento en el costo de vida la ha obligado a hacer sacrificios peligrosos para su salud.

“Si desayuno no puedo almorzar, porque no tengo bastante. Y espero a cenar para no irme a la cama con el estómago vacío”, explicó Santos de 67 años. “Antes me desayunaba algo, comía algo en el almuerzo y mantenía mi azúcar bajo control en 98 o 99. Ahora me sube hasta 175”.

Aunque recibe cupones de alimentos, conocidos como SNAP, Santos dice que no le alcanza para mantener la dieta saludable que necesita.

“La inflación que estamos viviendo me ha forzado a llevar este ritmo de vida y el SNAP ya no me es suficiente”, dijo mientras repartía vasos de ensalada de maíz a familias que salían de la marqueta cargando bolsas y carritos llenos de zanahorias, guineos y batatas, entre otras frutas y vegetales frescos.

La inflación anual en Estados Unidos subió al 3,8 % en abril, por encima de los salarios. Los efectos acumulativos de más de cinco años de alta inflación impactan fuertemente en las personas que viven en el país, y también suman presión con la crisis de costos derivada de la guerra en Medio Oriente.

Una crisis que sigue creciendo

En Nueva York, City Harvest calcula que más de un millón de neoyorquinos viven en hogares donde no siempre alcanza la comida, incluyendo uno de cada cuatro niños.

“Una de cada cuatro familias con hijos necesita ayuda alimenticia y últimamente estamos viendo filas más largas aquí en nuestras marquetas móviles”, dijo Pedro Urbaez, director de distribución comunitaria de City Harvest.

Urbaez afirma que muchas familias ahora enfrentan situaciones imposibles.

“Tienen que buscar cómo pagar la renta, la luz, el gas y otros servicios. Entonces, la comida es la última cosa en la que ellos gastan el dinero”, dijo.

La organización estima que cada distribución sirve entre 500 y 600 familias, muchas de ellas con niños pequeños.

“La marqueta móvil es parte de nuestro programa para dar esa comida que rescatamos a personas que viven en los cinco condados de Nueva York”, explicó Urbaez. “No tienen que dar mucha información, solamente decir cuántas personas hay en su familia y pueden recibir comida”.

Familias bajo presión económica

En la fila esa mañana estaba Mónica López con su bebé de un año y cuatro meses.

“Es necesario para mí venir aquí. La verdad, es una bendición de Dios poder recibir esta ayuda”, dijo López.

La madre de 32 años dice que actualmente se dedica al cuidado de su hijo mientras su esposo intenta sostener el hogar con un solo salario.

“Es difícil, porque todo ha subido de precio y casi no nos alcanza lo que estamos ganando porque las cosas están muy caras”, aseguró López.

A pocos pasos de ella, Edith Soperanes, de 34 años y madre de dos niños, también esperaba llevar comida para su familia.

“Todo está caro. Ayer fui al supermercado, compré como tres o cuatro cosas y ahí se fueron US$ 90”, dijo Soperanes, quien asegura que distribuciones como las de City Harvest ayudan a completar comidas básicas para sus hijos.

“Ahora veo que están dando huevos, ya sale para el desayuno. Y las bananas también sirven para una merienda para los niños”.

Además de frutas y vegetales, ese día las personas también recibieron cartones de huevos donados por un agricultor local.

“Los huevos también están caros, así que hoy vamos a repartir alrededor de 800 docenas”, dijo Gibson Durnford, fundador de Tenmile Farm Foundation, organización que dona alrededor de 50.000 docenas de huevos a City Harvest cada año.

“Hay más personas apareciendo y necesitando un poco de apoyo”, afirmó Durnford. “Aquí ves madres jóvenes, personas mayores, gente sin trabajo e incluso gente con trabajo, pero aun así no les alcanza para cubrir el costo de la comida”.
“Me salvó la vida”

Mientras seguían llegando más y más personas a la marqueta, Martina Santos continuaba ayudando a repartir alimentos. La voluntaria aseguró que, además de ayudar económicamente, programas como este también sirven de apoyo emocional.

“Para mí, City Harvest es una salvación. Me salvó la vida”, dijo Santos, con lágrimas en los ojos. “Me ha ayudado con la depresión que trae esta situación y también a poner un plato digno de comida sobre mi mesa. Cuando vengo a estas distribuciones ya no tengo que saltarme comidas”,

Santos dice estar agradecida de poder ayudar a otras familias al tiempo que ella también recibe el respaldo que necesita para seguir adelante.

“La inseguridad alimentaria se está convirtiendo en un monstruo cada vez más grande. Hay mucha necesidad, pero gracias a Dios existen programas como este”.

05-28-26  carib

AMPX stock +20% today

05-28-26  carib

I see no "satanic forces".. but I see market prices... and expect the usual amount of insider trading..

05-28-26  Merlino

pdvsa were to be restructured first as it should.
......................
Super logical and convenient imho

Would they do it? I doubt it

05-28-26  spal

RCAT
RED CAT HLDGS INC



13.30 (+24.70%)

Dronicus elevatus

05-28-26  spal

ONDS
ONDAS INC


12.42 (+15.00%)

Drone themed

05-28-26  spal

The administration is proposing an expansion of the Pentagon's drone nerve center—the Defense Autonomous Warfare Group (DAWG)—requesting a budget surge to more than $54 billion, up from a measly $225 million.

05-28-26  spal

Big rally today in Drone co land ...

05-28-26  spal

Oman is worth zero to the US now that "basing" is not a priority. It would be wise not to put itself in the negative category.

05-28-26  savo

wish you were right on PDVsa debt

the same satanic forces that wanted PDVSA II without debt and who paid Gulati and others "legal experts" to say that pdvsa bonds are of inferior quality, etc... are now desperate that pdvsa were to be restructured first as it should.

pdvsa bonds are identical, they could be restructured in 4 weeks via "corporate action". No need to do a fancy sovereign restructuring.

The rep is another story... bonds are different and the restructuring has political components.




05-28-26  spal

Vic - it was NO mistake. Oman panders to Iran ... then Oman goes in the hurt locker.

05-28-26  victor

savo, especially last paragraph.

maybe dt is really experiencing cognitive decline?

//

Trump threatens to 'blow up' US ally Oman over Strait of Hormuz

President Donald Trump issued a stark warning to Oman, a longstanding U.S. partner, over its reported talks with Iran to charge fees for passage through the Strait of Hormuz.

On Wednesday, Trump dismissed an Iranian state media report that Oman and Iran were in discussions to jointly manage shipping through the waterway, which Iran militarized in retaliation for the U.S. and Israel launching the war on Feb. 28. Control of the Strait of Hormuz, sections of which run through Omani and Iranian territorial waters, has been a key sticking point of talks between the U.S. and Iran to end the three-month-long war. The effective closure of the Strait has skyrocketed energy prices and disrupted the trade of several other commodities around the world. U.S. attempts, including a naval blockade of Iranian ports, have thus far not fully restored commercial shipping through the Strait.

“The Strait is going to be open to everybody,” Trump told reporters at the White House. “It’s international waters and Oman will behave just like everybody else or we’ll have to blow them up. They understand that, they’ll be fine.”

Oman, a strategic partner of the U.S. for more than 50 years, has played a key role in efforts to mediate a peace deal between the U.S. and Iran. Earlier in the war, Iran also retaliated against the U.S. and Israel’s attacks by targeting Oman and other Gulf countries that host U.S. military bases.

Some have speculated that Trump misspoke and meant to refer to Iran. Trump appeared to have erred in his speech during earlier comments to press, saying that Venezuela, which the U.S. raided in January, “no longer has a navy, no longer has an air force, and no longer has a lot of people that were leading the country.” The President seems to have been referring to Iran, not Venezuela.

05-28-26  leopardo

Equal amount of debt (nominal)

05-28-26  leopardo

Me holding 50/50 nominal
Vnz Rep / Pdvsa

05-28-26  Merlino

i always eat badly in the US.. something in the food where bread is not bread..
.....................................
There is the old joke of the overweight American asking his doctor for the less painful diet to lose weight

Answer: go three months to Europe

05-28-26  carib

Savo: obviously, I wish you were right on PDVsa debt..

05-28-26  savo

Negligible Capital
@negligible_cap
The Trump Admin is in talks to fund US drone companies.

It just so happens that Don Jr. backs 2 public drone companies, $UMAC and $PUSA (previous a publicly traded golf course company that Don Jr. reverse merged with Powerus, the drone company he backs)

$UMAC is specifically named as one of the companies in talks to receive a government investment. What a coincidence!

05-28-26  savo

carib... that they were making a debt audit in june.

I can do the audit in half an hour if they ask me...

All they have to do now is restructure pdvsa debt... it is the only one that matters for the business at hand...

And it should be repaid in full...no haircut... just an extension..Pdvsa can hold 40bn of debt if PBR can hold 80bn.

The rest of the debt imply political options that have to be made by a duly elected government when that happens.

05-28-26  savo

victor... ranging from drug trafficking to gold smuggling


Shaheen did not get the new scrip?

Narco veni was a fabrication... that fabrication is over...

@DELCY2030

05-28-26  victor

Sen. Jeanne Shaheen of New Hampshire, the top Democrat on the Senate Foreign Relations Committee, has demanded the administration explain its favorable treatment of Rodríguez, calling her a “central figure in Nicolás Maduro’s repressive regime.”

“Sanctions have been lifted on Ms. Rodríguez without any indication that she has taken concrete and meaningful actions to restore democratic order,” Sheehan, joined by Sen. Elizabeth Warren of Massachusetts, wrote in a letter to Secretary of State Marco Rubio and Secretary of Treasury Scott Bessent last week.

Rick de la Torre, a former CIA chief of station in Caracas, said that the decision to shield Rodríguez fits well with the Trump administration’s foreign policy goals in Venezuela.

“She’s a lifelong Marxist and was a senior leader of one of the world’s most corrupt regimes but the U.S. is providing her with breathing space and carrots to lay the foundation for democracy and U.S. investment,” said de la Torre, the CEO of Tower Strategy, which advises companies on Venezuela.

“There’s a shelf life to her utility, however. At some point she will face justice.,” he added.
Rodríguez has been on DEA’s radar since 2018

The DEA had amassed a detailed intelligence file on Rodríguez dating to at least 2018, and has received allegations about her ranging from drug trafficking to gold smuggling, the AP reported earlier this year. One confidential informant told DEA in early 2021 that Rodríguez was using hotels in the Caribbean resort of Isla Margarita “as a front to launder money,” the records show.

05-28-26  victor

AP Exclusive: Trump administration tells prosecutors to stand down on Venezuela leader, sources say

MIAMI (AP) — The Trump administration has quietly instructed federal prosecutors in Miami to avoid pursuing criminal investigations into Venezuela’s acting President Delcy Rodríguez, a longtime target of the U.S. Drug Enforcement Administration, according to current and former U.S. law enforcement officials, in the latest sign of warming relations between the White House and the oil-rich nation.

It’s unclear whether prosecutors had implicated Rodríguez in any crimes or whether investigators were moving toward an indictment. A Justice Department spokesperson said in an email “there was never an investigation into her to shut down.”

But DEA records obtained by The Associated Press earlier this year show she consistently surfaced on the radar of federal law enforcement dating to at least 2018, though she has never been criminally charged in the U.S. like several other senior Venezuelan officials.

The directive to pause scrutiny into Rodríguez was meant to avoid upsetting the administration’s efforts to stabilize Venezuela after the capture of her predecessor, Nicolás Maduro, among other reasons, the official said. It was not clear whether the White House, which deferred comment to the Justice Department, was involved in the decision.

“Everybody has been told to stand down,” one of the former officials said.

The former officials, who had been briefed on the development, as well as the current official all spoke to The Associated Press on condition of anonymity because they were not authorized to publicly discuss internal deliberations.

Rodríguez, a U.S. attorney representing her and the Venezuelan Communications Ministry didn’t respond to requests for comment.
The move eases pressure on Rodriguez

Removing the threat of potential indictment, even temporarily, eases pressure on Rodríguez as the Trump administration seeks to work with the acting leader to stabilize Venezuela after Maduro’s ouster and open the country to U.S. investment.

President Donald Trump praised Rodríguez as a “terrific person” shortly after the U.S. military took Maduro and his wife to New York to face federal narcotics charges. Both have pleaded not guilty.

In recent months, the U.S. has lifted sanctions against Rodríguez and recognized her as Venezuela’s sole head of state, allowing her to re-establish ties with western banks and more freely work with U.S. investors seeking to tap into the world’s largest petroleum reserves. As ties between the two governments have deepened, some have held out the Venezuelan playbook — characterized by oil blockades, indictments of top leaders, and threats of military intervention — as a model to drive regime change from within as the U.S. pressures other longtime adversaries in Iran and Cuba.

Rodríguez and her brother, Jorge Rodríguez, the head of the National Assembly, were hit with U.S. sanctions during Trump’s first term for their role in undermining Venezuelan democracy and cementing Maduro’s authoritarian rule.

Rodríguez “is doing a great job,” Trump wrote on social media in early March. “The Oil is beginning to flow, and the professionalism and dedication between both Countries is a very nice thing to see!”

In recent months, Rodríguez has hosted ceremonies with a steady stream of American oilmen, some of them partaking in high-profile delegations led by U.S. Energy Secretary Chris Wright and Secretary of the Interior Doug Burgum.
Election talk deferred amid Trump’s praise

Missing in all the mutual backslapping is any talk of elections, even as Rodríguez last month blew through a 90-day limit set by Venezuela’s high court to fill Maduro’s position on a temporary basis.

“I don’t know,” she responded in English when a visiting U.S. journalist earlier this month shouted out a question about her time frame for holding elections. “Some time.”

05-28-26  savo

i always eat badly in the US.. something in the food where bread is not bread.. tomatos are not tomatos... butter is not butter... chikens are not chickens.. or may be the way they cook.. or the oil they use... but after a few days my digestive organs are all screwed

05-28-26  savo

true?

Norveçli
@norveclifinance
This looks like the beginning of the end for OpenAI and Anthropic.

The Chinese AI wave did not just cut prices.

It destroyed the entire funding logic behind the American AI bubble.

If developers can move from thousands of dollars per month to a few dollars per week with 80% of the same output, how are these companies going to justify hundreds of billions in future capex?

They won’t.

I believe OpenAI and Anthropic are heading straight into a funding crisis.

Chinese AI just popped the American AI bubble.

05-28-26  carib

... but, I can eat well in the USA too.. spending twice as much or more..

05-28-26  carib

Victor: then we are saying the same thing, which actually corresponds to my personal experience: there is no lack of food, but abundance of unhealthy food.
I eat much better in southern europe than in the USA..

05-28-26  spal

Because the Kuwaiti Army General Staff Headquarters confirmed a 100% interception rate, Washington is spared the political necessity of responding to mass American or Kuwaiti casualties. However, a strike on a host nation harboring major U.S. logistical footprints (like Camp Arifjan or Ali Al Salem Air Base) crosses a clear red line.

The U.S. will likely avoid a broad land campaign. Instead, expect immediate, highly targeted Tomahawk missile and carrier-based strikes executing the "Asymmetric Counter-Value" protocol.

Rather than hit generic IRGC command centers, the U.S. is highly likely to target Iran's economic arteries—specifically the Kharg Island oil export terminal or the remaining naval assets of the IRGC near Bandar Abbas—proving that any threat to Gulf state infrastructure will cost Tehran its remaining GDP liquidity.

05-28-26  spal

or is he simply trying to avoid $150+ oil?

===

As time goes on $150 oil ... outside of manias and manic spikes is less and less likely regardless of the supply that theoretically passes through the strait ... regardless of what you will read or hear from the intelligentsia (who are mostly butt hurt globalists ... and globalism is now over).

05-28-26  spal

Iran launches ballistic missile and drone attack on Kuwait, with air raid sirens active, per Kuwaiti Army GHQ.

05-28-26  victor

spal, so why doesn't dt attack iran? what is he waiting for?
or is he simply trying to avoid $150+ oil?

05-28-26  spal

Fat lady has not sung yet

05-28-26  victor

spal

Oil prices gained roughly 2 percent during early trading on Thursday morning following reports of new US air strikes on an Iranian military site.

05-28-26  spal

Treasury sanctioned Persian Gulf Strait Authority.

05-27-26  victor

carib, maybe genetics in tonga.
but free trade is a main driver in obesity, i think.
whether it's tonga, mexico, etc.

//

Tonga’s obesity epidemic is causing big trouble in paradise

...

The impact of globalisation

Globalisation has been a major factor in feeding the obesity crisis.

The result has been an even greater reliance on food imports of relatively cheap fatty meats, refined carbohydrates and other packaged foods with high sugar and salt content.

In essence, many families have abandoned a traditional healthy diet of fish, fruit and vegetables for imported junk food.

“In the olden days people used to hunt. They would go fishing and bring the fish from the sea. But nowadays there’s a shop there. What’s available is not always the healthiest choice.”


https://www.equaltimes.org/tonga-s-obesity-epidemic-is?lang=en

05-27-26  victor

carib, technically, in the usa you don't starve. you mentioned the term but it's not accurate.

the article uses the term "food insecure", not starving.

in the usa, there is always somebody who will feed you.

if you cannot afford groceries in san francisco, an expensive city, you can get in touch with a food bank or food pantry.

some even deliver free meals to those in need.

you are not starving. however, you are food-insecure.

05-27-26  carib

C’est un Français, ex-proche de l’ancien président Hugo Chavez et patron de presse (Radio Nova, Les Inrockuptibles…), qui décroche le gros lot au Venezuela. Matthieu Pigasse, patron depuis 2020 du bureau parisien de la banque d’affaires américaine Centerview Partners, a été choisi pour remettre à plat la dette de Caracas.

Ce banquier de 58 ans, qui fut PDG de Lazard Frères, est un fin connaisseur du Venezuela. « Nous avons gagné ce mandat car nous avons une compréhension unique du pays. Personne n’en a la même connaissance ni la même pratique que nous sur le plan économique, assure Matthieu Pigasse au Figaro. J’ai commencé à y travailler au début des années 2010 avec Hugo Chavez puis avec Nicolas Maduro. Je connais et travaille avec l’actuelle présidente Delcy Rodriguez depuis quinze ans », détaille le financier spécialisé dans le conseil aux gouvernements.

05-27-26  carib

Victor: you fail to see the point of my comment: bad eating habits are a worst problem than starvation, in the USA, in my opinion.
(Tonga might be genetic)

05-27-26  victor

merlino, right.. it boils down to lifestyle choices, not poor/rich country.

tonga has a v high obesity rate, vietnam a v low one.

both countries are considered poor.

05-27-26  Merlino

"obesity prevalence in adults in the poorest regions of Mexico is similar to that of high-income areas. "
...................................
Excess of carbohydrates and O6 cheap vegetable oils either bcz of poverty or (sugar) metabolic addiction, besides other factors (large exposure to blue light, man made electromagnetic frequencies. etc.)

05-27-26  victor

carib, why does vietnam have such a low obesity rate in spite of being a poor country?

lifestyle choices.

05-27-26  victor

carib, reminds me of buffet publicly saying he drinks 5 cans of coke per day.

i would guess he drinks more than 5 but doesn't want to admit it in public.

05-27-26  victor

carib, they are mostly not eating properly.

//

yes, but this is also applicable if they were making more $$.

lifestyle choices like never walking, driving everywhere, etc.

05-27-26  carib

Victor: the initial point was the allegation many americans are starving.
My comment is that they are mostly not eating properly.

05-27-26  carib

(Exxon y ConocoPhillips buscan garantías y resolver deudas para volver a Venezuela) https://www.bloomberglinea.com/latinoamerica/venezuela/exxon-y-conocophillips-buscan-garantias-y-resolver-deudas-para-volver-a-venezuela/

05-27-26  victor

carib, i just noticed that hawaii is also 25-30%.. lifestyle choice.

05-27-26  victor

carib, obesity in the usa is quite similar to mexico though.

most states in the 30-35% and 35-40%..

with only a few states in the 25-30% for obvious reasons..

fl, ny, nj, co, ca is where the weight-conscious adults live.

it's more a lifestyle choice than anything else.

but the "flyover states" ~ mexico.

https://www.cdc.gov/obesity/data-and-statistics/adult-obesity-prevalence-maps.html

05-27-26  carib

Savo: I was referring to the regime's announcement that they were making a debt audit in june..

05-27-26  carib

Victor: interesting, but the USA is supposed to be much wealthier than.. Mexico..

05-27-26  victor

carib, mexico 2018, and it's massive: 36·1% of adults had obesity

"obesity prevalence in adults in the poorest regions of Mexico is similar to that of high-income areas. "


//

During this period, adult obesity increased 42·2%, after adjusting for population change.1 In the latest national survey (2018), 36·1% of adults had obesity (BMI ≥30 kg/m2), with a substantially higher prevalence in women than in men (40·2% vs 30·5%).1 Results also showed only 23·5% of the adult population had a healthy weight (BMI ≤25 kg/m2), with even less adults in the 40–49 age group (15·4%). Furthermore, central obesity (≥94 cm in men or ≥80 cm in women) was present in 81·6% of all adults (>90% for adults aged 50–70 years) and morbid obesity increased by 96·5% from 2000 to 2018 (1·8% to 3·6%).1 Currently, obesity prevalence in adults in the poorest regions of Mexico is similar to that of high-income areas.

https://www.thelancet.com/journals/landia/article/PIIS2213-8587(20)30269-2/fulltext

05-27-26  victor

carib, right but obesity is also one of mexico's main problems.

05-27-26  savo

carib... good actual news next month

in the normal world of normal people and normal financial assets... news come out every now and then...

pdvsa, emerging market bonds... standard stocks... are not memory chips...AI bubble.. cryto bubble... megadata bubble...real estate bubble... dotcom... all those are narratives fabricated by wall street.. amplified by CNBC and other social media to enrich the few and impoverish the many...

in pdvsa... as long as the story remains good... bonds will slowly climb ...



05-27-26  carib

IMHO main US problem in this matter.. is unhealthy food.
I think the USA is the top large country for number of "poor" people who are overweight.

05-27-26  victor

New Fed report warns of ‘remarkable’ increase in households skipping meals due to food costs

There’s been a “remarkable” increase over the past few years in Americans struggling to put food on the table, and that’s likely contributing to record-low consumer sentiment readings, new Federal Reserve Bank of New York research showed Wednesday.

The New York Fed updated a 2020 analysis on the disproportionate financial effects of the pandemic with newly collected data from its closely watched Survey of Consumer Expectations.

Researchers found that a greater share of Americans have become more “food insecure” than they were in May and June of 2020 and are dipping into savings to cover expenses, struggling to access food, have kids who missed meals, or are receiving food donations or federal nutrition assistance.

“We find a remarkable increase in food insecurity, particularly among lower-educated and lower-income households and households with young children,” New York Fed researchers wrote Wednesday.

Those same groups also reported increases in pessimism regarding their financial well-being.

While not necessarily causal, the association between rising food insecurity and increased pessimism points to a potential explanation as to why US consumer sentiment has been in the dumps despite economic data remaining fairly resilient, if not quite strong, researchers noted.

Income and wealth inequality have long persisted in the US, but Americans’ economic experiences and outcomes have become increasingly uneven in recent years.

This dynamic, frequently referred to as a “K-shaped” economy, is defined by a widening inequality in how lower- and higher-income Americans spend, earn and build wealth.

Those in the top half of the K have seen their household finances and wealth enriched by soaring stock prices, equity in their home and a refinancing boom that lowered mortgage payments and padded their piggy banks.

Meanwhile, those on the bottom end of the K have experienced significantly greater levels of financial stress because of the higher cost of living, the post-pandemic inflation burst and five-plus years of prices rising faster than they typically do.

“The greater financial strain due to the high cost of living, combined with the expiration of pandemic-era aid (such as expanded [Supplemental Nutrition Assistance Program] benefits), have led to renewed concerns about food insecurity among those at the bottom of the K-shape,” New York Fed researchers wrote.

In February 2026, 10% of households surveyed said they didn’t have enough food, an increase from 4% in June 2020, according to the data released Wednesday. Shares of people receiving food donations increased (to 15.8% from 10.6%) as well as SNAP (17.9% versus 10.6%), and more than one-third of respondents used their savings to cover expenses (36.8% versus 21.8%).

The New York Fed survey data was gathered before the US-Israeli strikes in the Middle East that subsequently resulted in an oil supply crunch that caused a spike in gas prices and further heightened affordability concerns.

05-27-26  pillz

Seoul’s surge
The breathtaking rally in South Korean stocks hit a couple of key milestones overnight.

The benchmark Kospi index at one point in the session was up 100% for 2026, rivaling the Nasdaq 100 Index’s 102% surge in 1999 — right before the bubble burst.
The market value of memory-chip maker SK Hynix surged above $1 trillion for the first time as investors bet the AI boom will lead to a sustained revaluation of the industry.

05-27-26  Merlino

. i think this reports are created to push prices down...
...............
I agree fwiw.....I second Carib in my hope of waiting for (preliminary) actual good news soon

05-27-26  carib

Savo: hope we get some good actual news next month to revive PDVsa prices..

05-27-26  savo

Hann... FWIW.. i think this reports are created to push prices down...

wall street fabricates narrative... the news outlets amplifies them...(now memory chips.. last year cryptos...before whatever)..people FearOfMissingOut...they all pile in... the bubble explodes... those that sold make the bundle... the majority left holding the bag loses it all... and the next narrative comes in...

they are doing a negative narrative in veni...years to restructure... the most difficult restructuring in the history of the universe..etc... bla bla

05-27-26  hann

Years to restructure??
-----

From BBG

Venezuela’s effort to restructure its sovereign debt and liabilities tied to state oil company PDVSA is expected to take years, though analysts say progress toward an agreement could still improve confidence in the country’s oil industry and help attract investment before the process is completed, S&P Global Energy CERA reported.
Experts said financial markets may develop interim solutions within the next year to lower perceptions of risk and support renewed activity in the energy sector even as negotiations continue. Venezuela announced on May 13 that it would begin a broad restructuring of its external public debt and PDVSA obligations as part of a push to stabilise the economy and restore investor confidence.
Although Venezuela remains one of the riskiest jurisdictions for oil and gas investment, analysts expect its position to improve over the next five years as sanctions, fiscal conditions and regulatory policies become more favourable. Authorities are also revising production participation contracts under a new hydrocarbons law in an effort to boost crude output.

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Pana

Miami prices vs SFO

I confess I've never been to Miami. I gather New York fund industry is moving there.

I still like SFO. There's a certain dynamism despite empty financial district, restos closing quite early (9pm), homeless - though much less recently. Every person there talks like they are part of a world changing endeavor. It's slightly tiresome but also part of the charm.

05-27-26  carib

Leo: good to know.
So do I

05-27-26  leopardo

I own Samsung there’s more room to go Pillz
Kospi will continue higher

05-27-26  pillz

I am totally out now in EWY ...

05-27-26  pillz

EWY crazy +10.23%

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