Iran Issues 10 Million Rial Banknote Amid Soaring Inflation

Surging Services Costs Spark Unexpected Surge In US Producer Prices In January US Producer Prices came in hotter than expected in January, with the headline PPI rising 0.5% MoM (vs +0.3% exp), higher than the revised +0.4% MoM in December. This left Producer Prices up 2.9% YoY (hotter than expected but below December's +3.0%)... Source: Bloomberg Under the hood, we see a surge in Services costs (not tariff related) dominated the rise in PPI (while Energy saw deflation) Final demand services: The index for final demand services advanced 0.8% in January, the largest...

New Restrictions On SNAP Purchases To Take Effect In More States In April Authored by Tom Gantert via The Epoch Times (emphasis ours), Food stamp recipients in Florida, Texas, and West Virginia will face restrictions on buying certain kinds of less nutritious items such as soda and candy, some starting in April. A sign on the window of a grocery store in the Flatbush neighborhood of the Brooklyn borough of New York City on Oct. 30, 2025. Michael M. Santiago/Getty Images West Virginia’s restrictions became effective on Jan. 1, but retailers have until...

Israel Lifts Restrictions At Jerusalem Holy Sites, Ben Gurion Airport Fully Reopened, Normalcy Returns Israeli cities have suffered heavy bombardment under Iranian and Hezbollah missiles over the past many weeks going back to the start of Trump's Operation Epic Fury on February 28, but the start of the fragile Iran ceasefire has seen the bombs halted, at least for now. A sense of normalcy is finally returning across Israeli society, after millions of citizens have on a daily basis had to scramble to get to bomb shelters. Emergency restrictions have been...