"I started investing in gold coins, but then I found out they lose their value if you eat the chocolate part out of the center!" -- Michael Rivero

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California's budget crisis is projected to expand more than previously thought and could hit a record deficit of $73 billion, according to a new report from the state's nonpartisan Legislative Analyst's Office (LAO).

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In a recent ruling, a New York state judge ordered former President Donald Trump to pay a hefty sum of $364 million, a verdict stemming from a fraud trial against him and his companies.

The charges, which Trump's supporters have labeled as baseless, accused the former President of inflating the value of his properties to secure more favorable loan terms from a lender. Critics argue that this verdict, far from being a simple punitive measure against Trump, could potentially destabilize the entire economy.

Myanmar is interested in BRICS, including the introduction of a common BRICS currency, and is studying the bloc, Myanmar's Minister of Investment and Foreign Economic Relations Kan Zaw told Sputnik on Tuesday.

"Since May 2023, we have been recognized as a dialogue partner in the SCO [Shanghai Cooperation Organisation]. We are also studying BRICS and its development. Moreover, we are interested in BRICS and the BRICS single currency initiative," the minister said in an interview.

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Tel Aviv's brutal military campaign in the Gaza Strip, aside from claiming thousands of lives and wreaking havoc upon the region, has put a serious dent in the Israeli economy.

Israel’s GDP contracted 19.4 percent during the last quarter of 2023 amid the invasion of the Palestinian enclave, according to data released by the Israeli Central Bureau of Statistics.

Incarcerated workers in the US produce at least $11bn in goods and services annually but receive just pennies an hour in wages for their prison jobs, according to a new report from the American Civil Liberties Union (ACLU).

Nearly two-thirds of all prisoners in the US, which imprisons more of its population than any other country in the world, have jobs in state and federal prisons. That figure amounts to roughly 800,000 people, researchers estimated in the report, which is based on extensive public records requests, questionnaires and interviews with incarcerated workers.

The EU is set to adopt another round of sanctions on Russia which will affect the supply of unmanned aerial vehicles (UAVs) to the country, among other things, according to German Foreign Minister Annalena Baerbock.

The package is almost finalized, Baerbock said on Monday, ahead of a meeting with her counterparts in Brussels. EU foreign ministers are set to discuss the bloc’s 13th round of sanctions before February 24, the second anniversary of the launch of Russia’s military operation against Ukraine.

Czech Prime Minister Petr Fiala has claimed farmers protesting against EU agriculture policies, environmental requirements and high energy prices are “supporters of Russia”.

On Monday, hundreds of tractors blocked off sections of Prague and disrupted traffic outside the country’s Agriculture Ministry as demonstrators demanded that the EU’s Green Deal, which calls for regulations on the use of certain chemicals and greenhouse gas emissions, be rejected.

Biden Says He’ll Impose ‘Major’ Sanctions on Russia Over Navalny’s Death

President Biden on Tuesday said his administration would be announcing “major sanctions” on Russia over the death of Russian opposition figure Alexei Navalny.

“What I came to tell you was we’d be announcing sanctions on Russia. We’ll have a major package announced on Friday,” Biden told reporters before boarding Marine One for a trip to the West Coast.

Inflation for January rose higher than expected.

Is this a one-off blip?

Or is it a sign that the remaining inflation in the system is "sticky", and going to prove harder for the Federal Reserve to get under control?

Some analysis have been warning that we may be falling into the same trap as we did in the 1970s, which saw a series of rollercoaster surges and drops in inflation until Fed Chair Paul Volker was forced to rise interest rates up to a crippling 20% to get prices under control.