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The Latest Breaking News from Deficit

Facing $1.5B deficit, California State University to hike tuition 6% annually for next 5 years

Trustees at California State University, the nation’s largest public university system, have voted to raise student tuition by 6% each year for five consecutive years to try to narrow a $1.5 billion deficit

The Independent UK

Kalaignar Magalir Urimai Thogai is a massive, one-of-its-kind, data driven scheme: T.N. Finance Minister Thangam Thennarasu

Tamil Nadu Finance Minister Thangam Thennarasu in an interview with The Hindu spoke about issues related to GST, and managing revenue deficit and borrowings.

The Hindu

All Welsh health boards placed on enhanced monitoring amid deficit concerns

Health minister Eluned Morgan said the boards had been unable to submit financially balanced mid-term plans.

The Independent UK

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Cauvery panel ‘directs’ Karnataka to continue water release

CWRC directs Karnataka to release 5,000 cusecs of water to TN for 15 days. CWRC has power to issue such direction. CWRC took into account deficit in inflows, weather forecast, storage in reservoirs, Karnataka's needs for drinking & irrigation before deciding quantum. TN urged CWRC to make up for 9…

The Hindu

Woking plans to cut funds for care, arts, sports and toilets to plug £1.2bn deficit

Council lays out drastic package of cuts, including to playgrounds and community schemes, in measures described as ‘horrendous’

The Guardian - UK

RBI resisted govt push for ₹3 lakh crore transfer in 2018 ahead of elections: Viral Acharya

He called the exercise a “backdoor monetisation of the fiscal deficit by the central bank”.

The Hindu

Is Snap (SNAP) a September Internet Buy?

Social media company Snap (SNAP) is struggling to grow its revenue amid a weak advertising market. Moreover, the company remains unprofitable. However, with the company tapping into the potential of AI, will it be worth buying SNAP shares this month? Keep reading.

StockNews.com

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Sugar Prices Surge on Forecasts for a Global Sugar Deficit

Oct NY world sugar #11 (SBV23 ) on Tuesday closed up +0.84 (+3.25%), and Oct London white sugar #5 (SWV23 ) closed up +16.70 (+2.29%). Sugar prices Tuesday rallied sharply, with NY sugar climbing to a 4-1/2 month high and London sugar posting a 12-year high. Sugar prices surged Tuesday...

Barchart

Biden economic adviser says Bidenomics is working (but here's what isn't)

"It's not working — your message," CNBC host Joe Kernen said on Tuesday morning.

The Street

'Free Speech Absolutist' Elon Musk Threatens Anti-Defamation League With Defamation Lawsuit

Plus: The doubling of the deficit, young Americans souring on college, and more...

Reason

September holds promise of an intensified monsoon in Kerala

Kerala's paddy growers face a dire need of rainfall due to an extremely dry August. Sept. brings hope of improved monsoon with enhanced cross equatorial flow and strengthening of weather systems. Aug. saw lowest rainfall in Kerala from 1901-2023, with 59.6mm against 445.2mm average. Sept. will have to get 271.8mm…

The Hindu

Stingy southwest monsoon keeps farmers in A.P.’s Prakasam district on edge

Prakasam district farmers in drought-prone area are worried due to meagre inflows into reservoirs and 48.4% deficit rainfall. Crop coverage is poor at 22% of normal area. Irrigation authorities suggest rain-fed crops on 2.53 lakh acres. Storage in Krishna basin is poor at 45.37%. Farmers have been advised to sow…

The Hindu

The 10km/h deficit that exposes Mercedes' ongoing weakness in F1

Although George Russell exceeded expectations in qualifying at Monza with fourth place on the grid, less than four tenths off pole, it has come despite some obvious car limitations.

Autosport

Novak Djokovic comes back after dropping the first 2 sets to beat Laslo Djere at the U.S. Open

Novak Djokovic overcame a two-set deficit to beat Laslo Djere 4-6, 4-6, 6-1, 6-1, 6-3 in the third round of the U.S. Open, avoiding his earliest exit since 2006. Despite being countrymen, Djokovic managed to read Djere's game and seize control of the match, eventually winning in a 3 1/2…

The Hindu

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The Hindu

Truant monsoon jacks up energy consumption by 46% in June-Aug. period

With nearly 66% average rainfall deficit recorded in August in Telangana, both demand for power on the transmission system and energy consumption have shot up to unprecedented levels

Reason

Trump's Tariffs Didn't Reduce the Trade Deficit. Why Would They Work Now?

Donald Trump's latest argument for protectionism is undermined by the realities of his own trade policies.

The Hindu

Karnataka likely to declare extent of drought on September 4

Data provided by the government shows that as against the normal 660 mm rainfall expected between June 1 and August 30, Karnataka received 446 mm rainfall, which translates to a 26% deficit. In 29 districts, 70% deficit rainfall has been recorded in August, and rainfall has not been recorded for…

The Hindu

Scarce rain worsens water crisis in outer zones of Bengaluru

“Our apartment complex has 12 borewells, of which 10 have dried up. Now, we are rationing water. We are not alone. Nearly 80% of the borewells in apartments and gated communities in our region have dried up, forcing us to depend on water tankers. However, even tanker water is not…

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The National (Scotland)

Barry Robson on a mission to drive Aberdeen towards BK Hacken victory

The Dons hauled themselves back from a two-goal deficit in the first leg last week.

Barchart

Coffee Closes Higher on Weather Concerns

Dec arabica coffee (KCZ23 ) on Wednesday closed up +2.25 (+1.47%), and Nov ICE robusta coffee (RMX23 ) closed up +47 (+1.92%). Coffee prices on Wednesday settled moderately higher, with robusta posting a 2-week high. Weather concerns in Brazil and Colombia boosted coffee prices Wednesday after Climatempo said high temperatures...

Barchart

London Cocoa Posts a Record High on Global Supply Woes

Dec ICE NY cocoa (CCZ23 ) on Wednesday closed +51 (+1.42%), and Sep ICE London cocoa #7 (CAU23 ) closed +43 (+1.50%). Cocoa prices Wednesday extended this week's gains, with Dec NY cocoa posting a contract high and Sep London cocoa posting an all-time high (data from 1989). Reduced cocoa...

Barchart

Weather Concerns Boost Coffee Prices

Dec arabica coffee (KCZ23 ) this morning is up +2.40 (+1.57%), and Nov ICE robusta coffee (RMX23 ) is up +46 (+1.88%). Coffee prices this morning are moderately higher, with robusta posting a 2-week high. Weather concerns in Brazil and Colombia are lifting coffee prices today after Climatempo said high...

Barchart

Coffee Posts Moderate Gains on a Weaker Dollar

Dec arabica coffee (KCZ23 ) on Tuesday closed up +0.35 (+0.23%), and Nov ICE robusta coffee (RMX23 ) closed up +12 (+0.49%). Coffee prices Tuesday closed moderately higher, with robusta posting a 2-week high. A weaker dollar Tuesday sparked some short covering in coffee futures. Also, robusta has support on...

Barchart

Cocoa Prices Surge on Limited Global Supplies

Dec ICE NY cocoa (CCZ23 ) on Tuesday closed +113 (+3.25%), and Sep ICE London cocoa #7 (CAU23 ) closed +88 (+3.16%). Cocoa prices Tuesday closed sharply higher, with NY cocoa posting a 3-week high and London cocoa posting a 1-3/4 month high. Reduced cocoa supplies from the Ivory Coast...

Barchart

Coffee Prices Move Higher on Dollar Weakness

Dec arabica coffee (KCZ23 ) this morning is up +0.20 (+0.13%), and Nov ICE robusta coffee (RMX23 ) is up +8 (+0.22%). Coffee prices this morning are moderately higher, with robusta posting a 2-week high. A weaker dollar today has sparked short covering in coffee futures. Also, robusta has support...

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