SOUTHCOM Blows Up Three Boats in the Waters of Latin America, Killing 11 People

Food Retailers Troubled By This Chart Consumer staples and food retail equity analyst Scott Marks at Jefferies told clients Saturday that one of the most concerning charts for food retailers is the sharp decline in average benefits per SNAP participant under the Trump administration, as the USDA intensifies efforts to root out fraud, waste, and abuse. SNAP's elevated payment error rates are setting up a new fiscal fight between the Trump administration and states. Marks said food retailers are caught in the crosshairs: SNAP error rates set up state cost-sharing showdown. USDA...

UBS CEO Warns Swiss Population Cap Is An 'Extreme' Measure A proposal headed for a June 14 vote in Switzerland made headlines for seeking to place a hard cap on the country's permanent resident population at 10 million through 2050. The vote is also being watched as a referendum on immigration pressure in Europe more broadly. UBS CEO Sergio Ermotti has caught the vapors over the idea, describing it as an "extreme" measure that fails to address the country's underlying challenges. UBS CEO Sergio Ermotti (photo: Chiara Zocchetti ) "I do worry about these...

Stablecoin Yields Won't Harm Banks, White House Economists Say Authored by Amin Haqshanas via CoinTelegraph.com, A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides. According to the Council of Economic Advisers, a three-member agency within the Executive Office of the President tasked to offer the president economic advice, moving funds from stablecoins back into bank deposits would not translate into significant new lending. Under its baseline scenario, total bank lending would increase by about $2.1 billion, roughly 0.02% of...