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Research from the University of Southern California in 2021 found one in three neighborhoods in 30 populous U.S. cities were "pharmacy deserts." California Attorney General Rob Bonta has previously said he was "deeply concerned" about the proposed merger. "Post-transaction, Kroger will operate the pharmacies that are part of the Albertsons' stores that it acquires," the spokesperson said. Neither of the people who spoke with Reuters about pharmacy deserts knew if enforcers would file a lawsuit aimed at stopping the proposed transaction or when enforcers would decide what action to take on Kroger's plan to buy Albertsons. One source told the California attorney general's office that low income people were likely to lose access to pharmacy services, which include vaccinations, if the deal goes forward.
Persons: Kroger, Rob Bonta, Biden, Diane Bartz, Anna Driver Organizations: Albertsons, REUTERS, Rights, University of Southern, Reuters, Walmart, U.S, Kroger, Water Watch, Federal Trade Commission, Thomson Locations: Riverside , California, U.S, California, University of Southern California, Food
When it comes to borrowing money, "credit score is usually king," J.R. George, senior vice president at Trustco Bank, tells CNBC Make It. Put bluntly: Is it possible to have an income high enough to make your credit score irrelevant? Higher earnings can certainly help you attain good credit, but only if you're managing your money and debt payments wisely. Here's why a good credit score is almost always more important than your income. Good pay doesn't mean good habitsYour credit score on its own doesn't say much about your income.
Persons: J.R, George Organizations: Trustco Bank, CNBC, Verizon
U.K. Economy Grows Weakly
  + stars: | 2023-08-11 | by ( Kevin Granville | ) www.nytimes.com   time to read: +4 min
The data beat the Bank of England’s forecast last week for 0.1 percent growth, and some economists had predicted a quarter of no growth. For over a year, beginning with the second quarter of 2022, Britain’s economy expanded each quarter by 0.1 percent — except for the July-September period last year, when it contracted by the same amount. Comparisons: Growth in Europe and United StatesIn Europe, the 20 countries that use the euro currency haven’t faired much better in terms of economic growth. The eurozone expanded 0.3 percent in the second quarter, after stalling earlier in the year and shrinking 0.1 percent late last year. “Low economic growth and stagnant productivity is increasing the financial vulnerability of households in the bottom half of the income distribution and the incidence of destitution at the poorest end,” the report said.
Persons: King Charles, Andrew Bailey, Organizations: Office, National Statistics, Bank of England’s, Bank of England, Bank, National Institute of Economic, Social Research Locations: Britain, Europe, United States, London
Minneapolis is the first major metropolitan area to have inflation rates below the Fed's 2% target. According to Bloomberg, Minneapolis hit the goal in May with an inflation rate of 1.8%. The rate is likely due to aggressive legislating to address soaring housing costs in the city. While Minneapolis residents spent 39.9% of their monthly income on housing costs, their co-parts in San Francisco paid 46.7% of their monthly income to housing; residents of Boston shelled out a whopping 60.7% of their income for housing costs, per Bloomberg. People ideally would spend around 30% of their income on housing, senior vice president of the National Low Income Housing Coalition Andrew Aurand, told CNBC.
Persons: Income Housing Coalition Andrew Aurand, Ron Feldman Organizations: Bloomberg, Service, US Bureau of Labor Statistics, Minneapolis, CNBC, Income Housing Coalition, Minneapolis Fed Locations: Minneapolis, Wall, Silicon, San Francisco, Boston, New York City, Itasca
Russian authorities are reportedly only giving Ukrainians certain medicines if they get citizenship. The report says Ukrainians in occupied territories are choosing between Russian citizenship and forgoing care. UK intel previously reported that Russia was forcing occupied Ukrainians to get Russian passports. The Yale Humanitarian Research Lab report, published Wednesday, said Russia's forces in certain occupied areas of Ukraine "have made access to certain medicine and medical care conditional on accepting Russian citizenship." If Ukrainians refuse Russian citizenship, the denial of care "could cause death," the report added.
Organizations: intel, Service, Yale Humanitarian Research, Russian Locations: Russia, Wall, Silicon, Ukraine, Zaporizhzhya, Kherson, Russian
Interviews with seven doctors and two other potential users of Wegovy from Germany, where Novo Nordisk's (NOVOb.CO) weight-loss drug will become available at the end of July, show the office administrator isn't alone. Allianz (ALVG.DE) says it will pay if a physician diagnoses a medical need while Debeka said its plans exclude weight-loss treatments. In Germany, Wegovy will be administered with the same injection pen used in Norway and Denmark, not the one used in the United States to avoid hitting supplies there. "Patients are so desperate in Germany that they will pay out of their pocket for the medication." "My experience is that people will be able to pay for it out of (their own) pocket," said Horbach.
Persons: Doctor Thomas Horbach, Wegovy, Novo, Jessica Lenth, isn't, I've, Lenth, Debeka, Robert Koch, Danish drugmaker, Sylvia Weiner, Karl Rheinwalt, Thomas Horbach, Weiner, Rheinwalt, Juergen Ordemann, Michael Wirtz, Wirtz, Irina Ernstberger, Ernstberger, Ludwig Burger, Maggie Fick, Patricia Weiss, Josephine Mason, Catherine Evans Organizations: Novo Nordisk, FRANKFURT, Reuters, Allianz, European Union, Robert Koch Institute, Sana Klinikum, St, Hospital, Ozempic, Novo, Thomson Locations: Germany, Munich, LONDON, Hamburg, Wegovy, United States, Danish, Norway, Denmark, Sana, Frankfurt, St Franziskus, Hospital Cologne, Berlin's, Winsen, Lower Saxony, London
CNN —As swaths of southern Europe continue to swelter under a deadly heat wave, for many outdoor workers, it’s turning into a brutal endurance test. “When it comes to protecting the health of outdoor workers during extreme heat events, there are really just three fundamental pieces — water, shade and rest,” Dahl told CNN last week. Yet some experts say many countries are far from prepared for dealing with extreme heat. Extreme heat also reveals a deep divide in the labor market, between those forced to be outside and those able to retreat to air-conditioned offices, the report added. Many workers in the global supply chain will be highly vulnerable to climate change impacts like heat, Parsons said.
Persons: Marina Calderone, Simona Granati, , Stelios Misinas, , Laurie Parsons, Kristina Dahl, ” Dahl, Parsons Organizations: CNN, Acropolis, Reuters, Royal Holloway, University of London, , Union of Concerned, European Trade Union Institute, European Union, Nature Medicine Locations: Europe, Rome, Naples, Italy, Greece, Athens, Saronida, Italian, Lodi, Royal
New York CNN —Extreme heat in the summer has become America’s brutal new reality. It would also include building code changes that require multi-family homes provide cooling the same way they do heating. Heat waves and mirage create an impressionistic scene on Sierra Highway during a scorching day on Saturday, July 15, 2023. Cities are warmer than their surrounding areas, a phenomenon known as the urban heat island effect, and they need to be better designed to keep people cool, researchers say. They were designed 40 years ago when summer temperatures were much cooler,” Mark Wolfe said.
Persons: haven’t, , Mark Wolfe, hasn’t, ” Wolfe, Myung J, Chun, Rushad Nanavatty, National Weather Service hasn’t, Kelly Turner, , Turner Organizations: New, New York CNN, National Energy Assistance, ’ Association, Southland, Los Angeles Times, RMI, Cool Coalition, United, US Department of Energy, Centers for Disease Control, Low Income, Energy Assistance, nonpayment, LIHEAP, CDC, National Weather Service, Solutions, UCLA, Environmental Protection Agency Locations: New York, Chicago, Los Angeles, United Nations, Washington, DC, Arizona, Maricopa, Yuma, York City, Miami, Dade County
To calculate 28% of your monthly income, multiply your gross monthly income (that's your income before taxes) by 0.28. If you like to spend a large chunk of your paycheck on traveling, for example, a large monthly mortgage payment might not fit into your lifestyle. 1,000 ÷ 5,000 = 0.2To get a conventional mortgage, the maximum DTI you can have is typically 50%, including your proposed monthly mortgage payment. How much house can I afford frequently asked questionsHow much do you have to make a year to afford a $400,000 house? Mortgage interest rates can have a big impact on how much house you can afford.
Persons: you've, You'll, it's, Freddie Mac, Fannie Mae, you'll, homebuyers Organizations: National Association of Insurance, PMI Locations: Chevron, Arkansas, North Carolina
About 33.8 million Americans didn't have adequate access to food, according to the latest report from the U.S. Department of Agriculture. "Food inflation, as we've seen during the pandemic, has gone up, driven in large part by supply chain disruptions and shortages of food supply during the pandemic," according to Erika Thiem, chief supply chain officer at the nonprofit Feeding America. Food deserts, where access to affordable and healthy foods is limited, have also been widely blamed as a major cause of hunger in the U.S. He continued, "it's food prices that matter, not food access." "I think part of this is how problems compound problems," according to Stacy Dean, deputy under secretary at the USDA.
Persons: we've, Erika Thiem, Catherine D'Amato, Craig Gundersen, Stacy Dean Organizations: U.S . Department of Agriculture, That's, America, Greater Boston Food Bank, U.S, Baylor University, National Bureau of Economic Research Locations: United States, Greater, U.S
An expansion of the criteria for medically assisted death that comes into force in March 2024 will allow Canadians like Pauli, whose sole underlying condition is mental illness, to choose medically assisted death. In 2021, the most recent year available, 10,064 people died through medically assisted death, about 3.3% of deaths in Canada that year. Dembo served on an expert panel on assisted death and mental illness that presented a report to Canada's parliament last year. loadingThe reported cases of people resorting to medically assisted death in part due to lack of supports are "tragic," Lametti said. "It does in one sense [represent a slippery slope], doesn't it, because it started off with terminal illness and it's ended up with non-terminal illness and mental illness."
Persons: Lisa Pauli, Pauli, I've, David Lametti, Lametti, It's, Marie, Claude Lacasse, Georges L'Esperance, Sarah Dobec, Justine Dembo, Dembo, She's, Mary Heatley, , Heatley, Sonu Gaind, Michelle Hewitt, Hewitt, Sean Tagert, Lou Gehrig's, Tagert's, Sean, Charles Falconer, it's, Anna Mehler Paperny, Denny Thomas, Suzanne Goldenberg Organizations: TORONTO, Reuters, Health, Quebec Association for, Canada, Health Sciences Centre, Labour, Thomson Locations: Canada, Netherlands, Belgium, Provinces, Quebec, British Columbia, Ontario, Health Canada, Canadian, Britain
House Republicans want to give themselves pay rises of at least $8,000, Roll Call reported. The push came after they negotiated cuts to three federal programs for low-income people. Spending plans approved by the Republican-controlled House Appropriations Committee last month include lawmakers getting a 4.6% pay increase in 2024, Roll Call reported, citing the Congressional Research Service. The report comes after GOP leaders negotiated a debt-ceiling agreement with President Joe Biden that curtails federal programs for people on low incomes, imposing new work requirements to get help. "House Republicans are moving to give themselves a raise while taking an ax to education, health, and other essential programs that help grow the economy by growing the middle class."
Persons: Mark Amodei, Amodei, Joe Biden, Angie Craig of, Colin Seeberger, Seeberger Organizations: Service, Republicans, Republican, Congressional Research Service, Senate, GOP, Assistance, Center for American Locations: Wall, Silicon, Nevada, Angie Craig of Minnesota
Two decades later, Nuñez and his wife Stefani Nicole Penaranda now have two children and six streams of income in Lucketts, Virginia. They own a snowplow business and seven real estate properties. Penaranda runs a day care and is a real estate agent, while Nuñez works in IT consulting and as a cybersecurity contractor. After high school, Nuñez began taking nursing classes at Northern Virginia Community College. "My idea to get to my goals faster was to have different streams of income and revenue," Nuñez says.
Persons: Eddie Nuñez, Nuñez, Stefani Nicole Penaranda, he's, Penaranda, didn't, Samantha Schutz Organizations: CNBC, Northern Virginia Community College, U.S . Border Patrol, University of Maryland Locations: Peru, Ashburn , Virginia, Lucketts , Virginia, Peruvian, U.S, Bolivian, Canada, Tacoma , Washington, Virginia, cybersecurity
The FDA approved the first over-the-counter birth control pill. Advocates pushed for expanding birth control access, especially with more restrictions on abortion. U.S. officials have approved the first over-the-counter birth control pill, which will let American women and girls buy contraceptive medication from a retail store without a prescription. But women's health advocates hope the decision will pave the way for more over-the-counter birth control options and, eventually, for abortion pills to do the same. Newer birth control pills typically combine two hormones, estrogen and progestin, which can help make periods lighter and more regular.
Persons: Perrgio's, Perrigo's, Perrigo, Opill —, Roe, Wade, Opill Organizations: FDA, Drug Administration Locations: Ireland
Despite the growing concern of heat-related illnesses and climate change, people have far fewer protections from power shutoffs during the summer than they do in the winter. The Low Income Home Energy Assistance Program, known as LIHEAP, has about $6 billion in funds for fiscal 2023, which runs through September. The association is calling on Congress to provide an additional $3 billion for cooling assistance this summer, which would help about 6 million households. And it is asking utilities to voluntarily suspend shutoffs this summer for those behind on their bills. Florida Power & Light, for instance, has a longstanding policy that it won’t disconnect customers if it’s 95 degrees or higher.
Persons: David Konisky, , Konisky, Mark Wolfe, That’s, Wolfe, it’s, Bianca Soriano, Soriano Organizations: New, New York CNN, National Weather Service, Center for Energy, National Energy Assistance, Association, Energy, Indiana University, Centers for Disease Control, Income, Energy Assistance, Lawmakers, US Energy Information Administration, Louisiana —, Florida, Customers Locations: New York, United States, Washington, DC, Delaware, Nevada, Colorado , Missouri, New Jersey, Texas, Louisiana, Florida
Florida now contains five of the 10 most overvalued cities in the US, thanks to hoards of newcomers in recent years. Tampa, Florida is now the third most overvalued housing market in the country, with buyers paying a 43% premium. Of the top 10 most overvalued housing markets in the US, five are now located in Florida, according to a recent study from Florida Atlantic University and Florida International University. That's a big jump from August 2021, when Florida had zero cities that cracked the top 10. High mortgage rates have driven up borrowing costs for buyers, while limited housing supply has pushed prices higher.
Persons: , That's, Ken Johnson, Johnson Organizations: Service, Florida Atlantic University, Florida International University, North, Coral, Lakeland, FAU, Sun, Sunshine State Locations: Florida, Tampa , Florida, America, North Port, Palm, Mississippi, Miami
Denver's housing shortage has reached crisis proportions. When the law goes into place on Wednesday, homeowners will be allowed to build ADUs big enough to house a family. Courtesy of AboduSince 2018, more than 60,000 new units have been approved throughout the Golden State, which has an estimated housing shortage of 2 million. She also serves as the Director of Planning at the Denver Housing Authority. Keeping families togetherAlonso Carrillo-Muñoz, a Spanish-speaker, who has lived in the West Denver area for over 20 years, was a part of the WDRC's ADU pilot program, per WDRC.
Persons: , They'll, Chris Herndon, Renee Martinez, Stone, WDRC, Alonso Carrillo, Jon Paciaroni, Miriam Carillo Organizations: Service, City, Denver, Golden State, West Denver Renaissance, Denver Housing Authority Locations: California, High City, City of Denver, Sonoma ., Golden, Denver, West Denver, Spanish, . Denver, FirstBank
The company, one of the world's largest online travel agencies, with 400 million users, said it would pay a parental cash subsidy of 10,000 yuan annually for five years for every child born to its employees worldwide. The programme will cost about 1 billion yuan, the company said. "I have always suggested that the government give money to families with children, especially multiple children, to ... help more young people fulfil their desire to have multiple children," Trip.com executive chairman James Liang said in a statement. China's birth rate last year fell to 6.77 births per 1,000 people, from 7.52 births in 2021, the lowest on record. Young people cite high childcare and education costs, low income, a weak social safety net and gender inequality, as discouraging factors.
Persons: James Liang, demographers, Young, Liang, Casey Hall, Gerry Doyle Organizations: Trip.com, HK, Authorities, Thomson Locations: SHANGHAI, China
Lawmakers and federal regulators are contemplating changing the definition of "accredited investor." There's a philosophical debate raging in Washington that could transform the multitrillion-dollar capital markets and change the way startups raise money. The origins of the definition of "accredited investor" trace back to the Great Depression and the Securities Act of 1933. And since the Reg D exemption's creation, private markets have become the dominant way for most issuers to access capital markets. According to analysis from the Brookings Institution, in 2020, 13.85% of US households qualified as accredited investors, compared with just 1.8% in 1983.
Persons: Gary Gensler, Elizabeth Holmes, Sam Bankman, Ronald Reagan, Reg D, Maxine Waters, Elizabeth Warren of Massachusetts, Micah Hauptman, Hauptman, haven't, Marcia Dawood, Dawood, Tyler Gellasch, Gellasch, Theranos Organizations: Securities and Exchange Commission, SEC, Apple, Securities, Financial Services, Politico, Consumer Federation of America, Yale Endowments, Brookings Institution, Angel Capital Association, ACA, Healthy Markets Association Locations: Washington, of Arkansas, California
Eviction filings are more than 50% higher than the pre-pandemic average in some cities. After a lull during the pandemic, eviction filings by landlords have come roaring back, driven by rising rents and a long-running shortage of affordable housing. There was also $46.5 billion in federal Emergency Rental Assistance that helped tenants pay rent and funded other tenant protections. Forty of the state's 62 counties had higher eviction filings in 2022 than before the pandemic, including two where eviction filings more than doubled compared to 2019. But as protections went away, housing prices skyrocketed in Austin, Dallas and elsewhere, leading to a record 270,000 eviction filings statewide in 2022.
Persons: , Dana Williams, Williams, De'mai Williams, it's, haven't, Daniel Grubbs, Donovan, Ayanna Pressley, Maria Jackson, Jackson, It's, Russell Weaver, Oscar Brewer, Ben Martin, Rio Yamat Organizations: Service, Princeton, Houston, Nashville, Phoenix, Income, Coalition, Rental Assistance, Democratic U.S . Rep, Ayanna Pressley of Massachusetts, Cornell University, Housing, Democrat, Income Housing Coalition, New, Philadelphia — Locations: Atlanta, New York, Las Vegas, Minneapolis, St, Paul, Rhode, Ayanna Pressley of, Rochester . In Texas, Austin, Dallas, Texas, New York City, Philadelphia, arears
A full-time worker in the U.S. needs to make $28.58 an hour, on average, to afford the rent on a modest two-bedroom apartment in their area. In California, Hawaii, Massachusetts and New York, full-time workers must earn more than $40 an hour to do so. They'd have to be paid $61.31 an hour in San Francisco to afford a two-bedroom apartment rental, and $50.67 an hour in Boston, according to a new report by the National Low Income Housing Coalition. "This is a problem," said Andrew Aurand, senior vice president of research at the NLIHC. "Research shows that families struggling to pay their housing costs sacrifice other necessities like food, health care and educational needs."
Persons: Andrew Aurand Organizations: National, Income Housing Coalition, Finance, Social Security, Research Locations: U.S, California, Hawaii , Massachusetts, New York, San Francisco, Boston
Ashley Hamilton was living paycheck-to-paycheck when she decided she wanted to buy real estate. In 2009, she used her $7,000 tax return to purchase a $6,300 foreclosure in Detroit. Since, she's scaled up to 35 units and is financially independent thanks to rental income. Hamilton didn't have the cash at the time, but was anticipating a big tax return later that year. Hamilton, 36, owns 35 units in Detroit, Michigan and is financially independent from her rental income.
Persons: Ashley Hamilton, Hamilton, didn't, you'd, Hamilton didn't, I'm, she's, you've, they've Organizations: Detroit, MLS, Bank of America Locations: Detroit, Detroit , Michigan, Zillow
Kyiv CNN —Editor’s note: The southern Ukrainian city of Melitopol has long been known for its sweet delights. For those of us who rejected Russian passports and are now known as “the unreliable,” the situation is terrible. The Russians are trying to force everyone here to get Russian passports. Everyone was given cash welfare payments until February, but starting in March, only people with Russian passports get them. In this file photo, Russian passports are being issued to residents in the occupied city of Melitopol.
Persons: CNN —, Stringer, “ Melitopol, Russia ”, Russia doesn’t, Alexander Ermochenko Organizations: CNN, Workers, United Russia Party, Getty, Russian Locations: Ukrainian, Melitopol, Honey, Moscow, Ukraine, Russia, Russian, AFP, Crimea, Germany, , Europe, Zaporizhzhia
Dollar General is not performing as expected given the current backdrop, according to Morgan Stanley. "DG's business has not proven as resilient through this current cycle as we expected given its backbone of high consumables mix and its usual status as a trade down beneficiary." Dollar General shares are down more than 32% year to date. A chunk of those losses came Thursday after the discount retailer reported weaker-than-expected earnings and revenue for the first quarter. DG YTD mountain Dollar General stock has slipped more than 32% from the start of the year.
Persons: Morgan Stanley, Morgan Stanley's, Simeon Gutman, Gutman, — CNBC's Michael Bloom Organizations: Dollar Locations: Friday's
About 8.2% of adults in the US didn't take a prescription drug as prescribed because of the cost. The problem was worse for people who don't have insurance and for those in poor health. It shows how the high cost of US healthcare can make it difficult for people to get needed care. Millions of Americans are skimping on their prescription drugs to cut costs, a government report shows, revealing how the high cost of US healthcare can harm people's health. Similarly, 18% of people in fair or poor health sometimes skipped doses or delayed filling their scripts to cut costs.
Persons: Laryssa Mykyta, Robin A, Cohen Organizations: US Centers for Disease Control, CDC, Medicaid
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