Soaring Food Prices in Russia Cast Shadow Over New Year's Celebrations
Due to the war in Ukraine and subsequent sanctions, the cost of making Olivier salad, a traditional Russian New Year's dish, increased by 16% year over year to 414 rubles ($3.94) for four people, reflecting broader inflation impacting food prices like eggs (up 45%), butter (up 40%), and potatoes (al...
Soaring Food Prices in Russia Cast Shadow Over New Year's Celebrations
Due to the war in Ukraine and subsequent sanctions, the cost of making Olivier salad, a traditional Russian New Year's dish, increased by 16% year over year to 414 rubles ($3.94) for four people, reflecting broader inflation impacting food prices like eggs (up 45%), butter (up 40%), and potatoes (al...
Progress
44% Bias Score
Soaring Credit Card Defaults Signal U.S. Economic Vulnerability
U.S. credit card defaults reached a 14-year high in the first nine months of 2024, with $46 billion in write-offs—a 50% increase from 2023—raising concerns about the economy's stability and highlighting the disproportionate impact on low-income households.
Soaring Credit Card Defaults Signal U.S. Economic Vulnerability
U.S. credit card defaults reached a 14-year high in the first nine months of 2024, with $46 billion in write-offs—a 50% increase from 2023—raising concerns about the economy's stability and highlighting the disproportionate impact on low-income households.
Progress
44% Bias Score
Mexico to Increase IEPS Tax by 4.5%, Raising Prices on Goods"
Mexico's IEPS tax will rise 4.5% from January 1, 2025, increasing prices of gasoline, diesel, soft drinks, and cigarettes; this follows 4.55% inflation in November 2024 (INEGI), and tax breaks on food and energy will end.
Mexico to Increase IEPS Tax by 4.5%, Raising Prices on Goods"
Mexico's IEPS tax will rise 4.5% from January 1, 2025, increasing prices of gasoline, diesel, soft drinks, and cigarettes; this follows 4.55% inflation in November 2024 (INEGI), and tax breaks on food and energy will end.
Progress
36% Bias Score
UK Energy Bills to Rise Further in Spring
UK energy bills will rise to £1,738 annually from January 1st, 2024, increasing to £1,785 in April due to volatile international energy markets, particularly concerning EU gas storage, the Russia-Ukraine gas deal, and potential impacts from a Trump presidency on LNG flows; Ofgem is introducing zero-...
UK Energy Bills to Rise Further in Spring
UK energy bills will rise to £1,738 annually from January 1st, 2024, increasing to £1,785 in April due to volatile international energy markets, particularly concerning EU gas storage, the Russia-Ukraine gas deal, and potential impacts from a Trump presidency on LNG flows; Ofgem is introducing zero-...
Progress
36% Bias Score
Mega da Virada 2024 Prize Projected at Record R$ 600 Million
The Mega da Virada lottery's 2024 prize is projected at a record R$ 600 million, surpassing the R$ 588 million awarded in 2023; this increase is attributed to higher sales, inflation, and the lottery's rising popularity.
Mega da Virada 2024 Prize Projected at Record R$ 600 Million
The Mega da Virada lottery's 2024 prize is projected at a record R$ 600 million, surpassing the R$ 588 million awarded in 2023; this increase is attributed to higher sales, inflation, and the lottery's rising popularity.
Progress
12% Bias Score
2024: Incumbent Governments Face Unprecedented Defeats
The 2024 election cycle saw an unprecedented number of incumbent governing parties in developed countries lose vote share due to high inflation and changing voter expectations, marking a shift in global political dynamics.
2024: Incumbent Governments Face Unprecedented Defeats
The 2024 election cycle saw an unprecedented number of incumbent governing parties in developed countries lose vote share due to high inflation and changing voter expectations, marking a shift in global political dynamics.
Progress
44% Bias Score
S&P 500 Poised for Continued Growth Despite Economic and Political Uncertainties
The S&P 500 index is projected to rise about 24% in 2024, marking consecutive years of over 20% growth for the first time since 1998, driven by cooling inflation, Fed rate cuts, and robust investor confidence, yet the incoming Trump administration's policies present both opportunities and risks that...
S&P 500 Poised for Continued Growth Despite Economic and Political Uncertainties
The S&P 500 index is projected to rise about 24% in 2024, marking consecutive years of over 20% growth for the first time since 1998, driven by cooling inflation, Fed rate cuts, and robust investor confidence, yet the incoming Trump administration's policies present both opportunities and risks that...
Progress
44% Bias Score
Massive Turkish Housing Fee Hikes Spark Legal Challenges
Turkish housing complex fees surged 90-120 percent in 2025, impacting nearly 30 million residents; Istanbul fees range from 800 TL to 45,000 TL annually, prompting legal challenges.
Massive Turkish Housing Fee Hikes Spark Legal Challenges
Turkish housing complex fees surged 90-120 percent in 2025, impacting nearly 30 million residents; Istanbul fees range from 800 TL to 45,000 TL annually, prompting legal challenges.
Progress
52% Bias Score
Spain's 2025 Tax Hikes Trigger Cost of Living Crisis
Starting in 2025, Spain implements new tax policies and removes government subsidies, resulting in increased prices for essential goods (4-10%), electricity (21% VAT), and fuel (diesel tax increase), impacting household budgets and potentially exacerbating economic inequality.
Spain's 2025 Tax Hikes Trigger Cost of Living Crisis
Starting in 2025, Spain implements new tax policies and removes government subsidies, resulting in increased prices for essential goods (4-10%), electricity (21% VAT), and fuel (diesel tax increase), impacting household budgets and potentially exacerbating economic inequality.
Progress
48% Bias Score
Increased Housing Inventory, But High Percentage of Stale Listings Slows Market
November 2024 saw a 12.1% rise in active housing listings compared to November 2023, reaching a peak since 2020; however, 54.5% of these homes had been listed for at least 60 days, the highest share since 2019, while the average time to contract was 43 days, the slowest since 2019, despite pending h...
Increased Housing Inventory, But High Percentage of Stale Listings Slows Market
November 2024 saw a 12.1% rise in active housing listings compared to November 2023, reaching a peak since 2020; however, 54.5% of these homes had been listed for at least 60 days, the highest share since 2019, while the average time to contract was 43 days, the slowest since 2019, despite pending h...
Progress
40% Bias Score
Turkey Caps 2024 Fuel Excise Tax Increase at 6 Percent
Turkey capped its 2024 fuel excise tax (ÖTV) increase at 6 percent, despite a 7.12 percent Yİ-ÜFE increase over five months, to support disinflation and consumers; this will cost the government roughly 12 billion lira in revenue and is expected to increase fuel prices by about 1 percent.
Turkey Caps 2024 Fuel Excise Tax Increase at 6 Percent
Turkey capped its 2024 fuel excise tax (ÖTV) increase at 6 percent, despite a 7.12 percent Yİ-ÜFE increase over five months, to support disinflation and consumers; this will cost the government roughly 12 billion lira in revenue and is expected to increase fuel prices by about 1 percent.
Progress
40% Bias Score
Rising Treasury Yields Dampen U.S. Stock Futures
U.S. stock index futures fell on Monday morning due to rising Treasury yields, threatening the typical year-end "Santa Claus" rally; the Dow, S&P, and Nasdaq futures all declined.
Rising Treasury Yields Dampen U.S. Stock Futures
U.S. stock index futures fell on Monday morning due to rising Treasury yields, threatening the typical year-end "Santa Claus" rally; the Dow, S&P, and Nasdaq futures all declined.
Progress
40% Bias Score