WELLINGTON, May 29 (Reuters) — Shadow finance minister Barbara Edmonds backed the government’s goal of returning to surplus but argued the center-right budget made the wrong trade-offs, failing to ease the cost-of-living burden on households.
A new CNN/SSRS poll reveals that persistent inflation is hitting high-income households harder than expected. Fifty-seven percent of workers earning $150,000 or more report their wages are falling behind rising costs. The survey underscores widespread economic anxiety, with 88% of respondents believing they should be saving rather than spending, and nearly 70% expecting a recession within the next year.
Rodrigo Paz, Bolivia's center-right leader and a close Trump ally, ordered riot police to break up a blockade by rural workers demanding his resignation over a devastating fuel price hike that has triggered nationwide unrest.
Peter Obi, the third-place finisher in Nigeria's 2023 election, has secured his party’s nomination and vowed to challenge President Bola Tinubu once more, likely setting the stage for a rematch that could test whether public anger over economic pain and insecurity can overcome a divided opposition.
Los Angeles has long been a magnet for international real estate buyers drawn by its climate, entertainment scene, and investment potential. But a new analysis suggests those foreign buyers are increasingly looking beyond Southern California, turning their attention to other U.S. cities instead—a shift that could reshape travel patterns, local housing markets, and how destinations market themselves globally.
