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Itxi With Deflategate suspension upheld, what s next for Tom Brady
U.S. households are carrying a record amount of credit card debt, according to a new Federal Reserve Bank of New Yorkreportreleased Tuesday. The bank said the data indicates financial distress is on the rise, particularly among younger and lower-income Americans.Total household debt grew by $212 billion, rising to $17.5 trillion in the fourth quarter of 2023, the Fed s quarterly report on household debt and credit shows.Credit card balances rose by $50 billion to hit a record $1.13 trillion. Inflation and higher interest rates are contributing to rising credit car stanley cup d debt, resulting in more Americans struggling to pay down their credit card balances, according to Bankrate s senior industry analyst Ted Rossman. We re seeing more people carrying more debt for longer periods of time, Rossman said in an emailed statement. For example, 49% of credit cardholders carry debt from month to month, up from 39% in 2021. Most analyses of Americans financial health tend to tell a tale of two consumers. On one side are the roughly two-thirds of Americans who own their homes and those who ve invested in th stanley cup e stock market and done substantially well. They generally had the savings cushion necessary to weather high inflation. But for the rest of America, things are looking rough. You have these noticeable pockets of consumers mdash; mostly middle- and lower-income renters who have not benefi stanley cup ted from the wealth effect of higher housing prices and Nbsi Super healthy Appalachian State student dies following COVID-19 complications
The Federal Aviation Administration has told Boeing it will order the company by next month to institute safety-related software enhancements to its 737 Max 8 planes, Boeing said late Monday. Boeing s statement didn t mention the crash Sunday in Ethiopia of an Ethiopian Airlines Max 8 that killed all 157 people on board, including 8 Americans.But it did say the changes have been in the works since aLion Air Max 8 crashed into the sea off Indonesia in October, taking the lives of the 189 people on that aircraft.Boeing said the improvements would be deployed across the entire Max 8 fleet in coming weeks, adding that they re designed to make an already safe aircraft even safer. The changes will include updates of an automated anti-stall system suspected of contributing to the Lion converse Air crash and of training requirements and flight crew manuals related to the system, known as the Maneuvering Characteristics Augmentation System, or MCAS.The system automatically air force 1 points the plane s nose down if sensors indicate the plane could be in danger of losing lift, or stalling. Sensors on the plane operated by Indonesia s Lion Air gave out faulty readings on its adidas campus last four flights. Boeing 737 Max 8 facing scrutiny after deadly crash 02:49 On the fatal October flight, pilots ap