Dip in gas prices could be too little, too late for Biden and Democrats
President Joe Biden and Democrats received a glimmer of good economic news this week, but it may be too little, too late to alter the trajectory of November's midterm elections.Although voter attention spans have shortened, pollsters caution Democrats that conventional wisdom dictates the public needs six months of strong economic data to feel positive about their own finances — and there are only 100-odd days until the fall fights.
The heat wave pushes real estate buyers to focus on the communes by the sea. More and more French people have an attraction for the coastal areas, notes the National Federation of real estate agents (FNAIM). A market study, carried out in 480 municipalities, indicates that the average price per square meter in seaside resorts is 4,467 euros on June 1, 2022 (4,549 euros for apartments and 4,388 euros for houses), report Echos. It reaches 3,020 euros in the rest of the territory. The prices in these municipalities flew over a year (+13%).
In these seaside resorts, 47% of real estate represent secondary residences, against 10% in the rest of France. Note that a third of French second homes are located in these 480 municipalities. The "COVID EFFECT" has greatly contributed to an increase in prices. As a reminder, between April 2018 and March 2020, the period before the health crisis, prices at these stations had gained 6.9%. It is less than the 7.5% observed throughout the territory.
'Day by day': Trade bans, inflation send food prices soaring
Soki Wu's food stall, tucked in a food court in a shopping mall in Singapore, is a crowd favorite for its fresh, juicy “chicken rice," a national dish. But customers recently began complaining that his chicken didn't taste quite as good as it used to. Wu was forced to switch to frozen chicken after Malaysia banned exports last month of live broiler chickens that are more affordable and better tasting in a bid to offset rising local prices. For Singapore, which sources a third of its poultry from Malaysia, the impact was immediate. © Provided by Associated Press People shop at a busy popular market in Beirut, Lebanon, Monday, July 15, 2022.
From May 2020 to April 2022, prices increased from 24.2%
“in the twenty-four months depending on the crisis, from May 2020 to April 2022, prices in seaside resorts increased by 24.2%, Against 14.6% for the whole of France. An acceleration also pulled by the increase in prices on houses, "said the organization. The risk of global warming submersion has no impact on prices.
In Provence-Alpes-Côte d'Azur (PACA, 5,429 euros/m2 on June 1, 2022) and in New Aquitaine (5,307 euros), the prices are the highest. Normandy (3,440 euros) and Brittany (3,467 euros) remain cheap. The average price is 3,796 euros/m2 in Hauts-de-France, 4,393 euros in the Pays de la Loire, 3,638 euros in Occitanie and 4,292 euros in Corsica, specify the Les Echos.
“A beginning of catch-up seems to begin for the northwest coastlines, with a high acceleration of prices on the coast in Brittany and to a lesser extent in Pays de la Loire, Normandy and Hauts-de-France Adds the study.
Biden boasts as gas prices drop to below $4.50 per gallon
President Biden touted falling gas prices in a series of tweets over the weekend as the national average for a gallon of gas fell below $4.50. The national average for a gallon of gas is now $4.36, according to the transportation organization American Automobile Association (AAA), down from a high of $5 a gallon last…The national average for a gallon of gas is now $4.36, according to the transportation organization American Automobile Association (AAA), down from a high of $5 a gallon last month.
By municipality, the highest prices in Hauts-de-France are in Touquet (8,211 euros/m2). In Normandy, Deauville holds the head (6,379 euros), Île-aux-Moines in Brittany (6,253 euros), La Baule-Escoublac in the Pays de la Loire (6,412 euros), Lège-Cap-Ferret in New Aquitaine (11,729 euros), Vic-la-Gardiole in Occitanie (5,397 euros), and Saint-Jean-Cap-Ferrat in PACA (16,581 euros). Finally, in Corsica, Bonifacio (7,732 euros) ranks first.
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