American credit card defaults have surged to the highest levels since the aftermath of the 2008 financial crisis, as consumers continue to grapple with years of high inflation. In the first three quarters of 2024, credit card lenders wrote off $46 billion in delinquent loan balances, marking a 50 percent increase from the same period last year. These write-offs, considered a highly monitored measure of loan distress, are the highest since 2010, according to industry data gathered by BankRegData.
President-elect Donald Trump extended his condolences following the passing of former President Jimmy Carter, offering a heartfelt tribute to Carter’s service and legacy. Trump shared his remarks on Truth Social, emphasizing the unique bond shared by those who have served as President of the United States.
The Middle East stands at a pivotal crossroads. Iran, emboldened by its nuclear advancements, poses an existential threat not just to Israel but to global stability.
The recent seizure of 61 tons of drugs and the arrest of over 7,000 individuals by Mexican authorities has sparked both praise and criticism. While the operation is one of the largest in recent history, questions are being raised about the long-term effectiveness of such tactics in addressing the root causes of drug trafficking.
South Korean lawmakers have impeached Acting President Han Duck-soo, stating he was not working fast enough to complete the impeachment of former President Yoon Suk-yeol.
A group of Good Samaritans acted heroically on Christmas Day in Manhattan, lifting a taxi cab that had jumped the curb and crashed into pedestrians, trapping a mother and her nine-year-old son beneath the vehicle.
A recent regional poll conducted by CB Consultora Opinión Pública reveals that Argentine President Javier Milei is the most popular head of state in South America, with an approval rating of 51.8%—the highest in the region and the only one exceeding 50%.
