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Three major banks predict interest rates to fall next year – as it happened

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Teens who use social media two hours daily at higher risk of depressive symptoms, study finds

Teenagers who spend hours glued to social media are likely to experience poorer mental health and a decline in wellbeing, a decade-long study shows, with young girls most at risk.

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© Photograph: Asanka Ratnayake/Getty Images

© Photograph: Asanka Ratnayake/Getty Images

© Photograph: Asanka Ratnayake/Getty Images

Russia's oil output falls to one-year low amid Ukrainian strikes

11 June 2026 at 18:28
Ukrainian forces carried out at least 31 strikes against Russian refineries, oil export terminals, and pipeline infrastructure in May, the highest monthly total since the start of Russia's full-scale invasion.

Kyivteploenergo reduces heating bills for Jan 2026 by 40% for 99% of customers

11 June 2026 at 16:58
The municipal enterprise "Kyivteploenergo" billed Kyiv residents 40% less for heat supply services for January 2026, taking into account periods when the service was unavailable and the quality parameters of the heat transfer fluid, the company said, citing director of Energozbut joint venture of Kyivteploenergo Kostiantyn Lopatin.

Ownership rights confirmation crucial to receive eVidnovlennya payouts – Kuleba

11 June 2026 at 15:52
The absence of a record in the electronic State Register of Property Rights acts as an obstacle to receiving compensation for destroyed or damaged housing; this applies to unprivatized housing or property registered prior to 2013, Deputy Prime Minister for Restoration of Ukraine – Minister for Development of Communities and Territories of Ukraine Oleksiy Kuleba announced.

Screwworm parasite ‘no longer contained in Texas’ as Trump USDA doubles down on efforts to blame Biden

11 June 2026 at 15:36
Cattle are herded in a stable on June 05, 2026 in Hamilton, Texas. U.S. Secretary of Agriculture Brooke Rollins has confirmed the detection of the New World screwworm—a parasitic fly whose larvae feed on the living tissue of warm-blooded animals—in a cow in Zavala County, Texas. Photo by Brandon Bell/Getty Images
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This story originally appeared in Common Dreams on June 09, 2026. It is shared here under a Creative Commons (CC BY-NC-ND 3.0) license.

The Trump administration has emphasized in recent days that the New World screwworm infection found in a calf in Texas did not pose a threat to the United States’ larger cattle herd, which is at its lowest point in 75 years due largely to drought conditions—but the US Department of Agriculture is now acknowledging that cases of the parasite have been found outside the Texas containment zone and as far away as in New Mexico, as Republican officials attempt to blame the Biden administration for the outbreak.

While Democratic lawmakers are among those connecting the arrival of screwworm—a flesh-eating bug that feeds off the living tissue of warm-blooded animals and had been eradicated in the US in 1966—to cuts by President Donald Trump’s Department of Government Efficiency (DOGE) that specifically targeted screwworm monitoring programs, Agriculture Secretary Brooke Rollins doubled down on claims that an “open border policy” under the Biden administration was to blame.

“This does trace back to the last administration and the open border policy, and the movement of millions of people and their animals up from South America through Central America,” said Rollins with certainty on Monday.

As David Dayen explained at The American Prospect Tuesday, former President Joe Biden placed a ban on bison, horse, and cattle imports from Mexico in 2024, which Trump lifted in February 2025. At the same time, DOGE, under the leadership of Trump megadonor and tech billionaire Elon Musk, cut screwworm monitoring efforts and animal disease control and prevention efforts, slashing 1,300 employees from USDA’s Animal and Plant Health Inspection Service.

Rollins did reinstate the live import ban last May as screwworm cases were rising in Mexico and began funding prevention programs in Texas. But a $600 million facility for breeding sterile screwworm flies—a key component of successful eradication efforts—is not scheduled to be completed until late next year, and sterile flies that have been dispersed from a facility that opened in February at Moore Air Force Base in South Texas only amount to “about one one-hundredth of what it would take each week to eradicate the pest,” Dayen wrote.

He also noted that Rollins has attempted to blame Biden—who has not been in office since January 2025—despite the fact that the total average lifespan of a screwworm fly is 21 days.

“The more likely explanation is that an administration with an antipathy to government ignored government’s purpose until it was too late,” wrote Dayen.

The USDA established a 12-mile quarantine area around the affected area last week when the case was detected in South Texas, but on Monday the agency said another case had been found in Gillespie County, over 100 miles from where the initial case was reported.

A dog was also found to be infested in Lea County, New Mexico, more than 400 miles away.

UPDATE: New World Screwworm is no longer contained to Texas.

USDA says that the infested dog announced earlier today lives in Lea County, New Mexico and will be reclassified as the first detection in that state.

And now a goat in Gillespie County, TX, has also been confirmed. pic.twitter.com/KkEYGPTTZZ

— Jonathan Richie (@JRichieTX) June 8, 2026

The parasite is not expected to affect food safety, as it feeds on living tissue, but the outbreak raises concerns about rising beef prices, which are already high due to the low volume of cattle in the US. The high prices of fertilizer and fuel due to the war in Iran, and of equipment and repairs due to Trump’s tariff policy, have also put a strain on the cattle industry.

“The cattle producer in the US has already been under extreme financial stress,” Joe Maxwell, president of Farm Action Fund and a farmer in Missouri, told The American Prospect. “This is serious, the screwworm outbreak. But it’s even more serious because of the financial position they were already under.”

In response to Rollins’ claims, Sen. Patty Murray (D-Wash.) said Tuesday: “Let’s be clear about what happened: DOGE cut the programs and staff that tracked dangerous outbreaks like screwworm.”

“So this has nothing to do with Joe Biden,” she said, “but Trump and DOGE definitely screwed our cattle industry.”

World Bank Warns Iran War Is Slowing Global Growth

11 June 2026 at 14:30
The world economy is weakening as energy prices fuel a new bout of inflation.

© Arash Khamooshi/Polaris for The New York Times

An explosion after U.S.-Israeli airstrikes hit oil storage depots in Tehran. The war has tangled supply chains and caused oil, gas and fertilizer prices to gyrate for months.

‘I love the inflation’: What makes Trump’s comments on the affordability crisis different

11 June 2026 at 13:59

Headed into this week, analysts expected to see another surge in inflation, and on Wednesday morning, those projections proved true: The consumer price index climbed to its highest level since April 2023, and inflation continued to outpace wage growth, exacerbating the affordability crisis.

The data left the White House not only with a policy challenge but also with a political one. How would Donald Trump and his team try again to convince the American public that the unpopular and unnecessary war in Iran is worth the economic sacrifice?

As it turned out, the president decided not to even make the effort. Instead, when asked for his reaction to the latest discouraging news, the Republican said the latest inflation data was “great,” adding, “I love the inflation.”

Reporter: Are you concerned, Mr. President, about the latest inflation number which came out this morning?Trump: No, I love it. I love the inflation.

Acyn (@acyn.bsky.social) 2026-06-10T16:09:56.011Z

He later told The New York Post about the point he was trying to convey. “The numbers are going to be phenomenal because what’s showing is that despite the fact that we’re in a war, the numbers are much lower than anticipated, and when we’re out of that war, the numbers will be at lower numbers than they were even before it started,” the president said.

There were substantive problems with the defense — there’s no evidence to suggest that the “anticipated” inflation hike was even worse than the status quo, for example — coupled with the fact that Trump noticeably failed to provide this context when he was talking to the White House press corps, on the record and on camera. (The number of people who will see the “I love the inflation” clip will far outnumber those who see the New York Post’s article.)

But just as notable is the recent history. In fact, it was only four weeks ago when a reporter asked Trump, “When you’re negotiating with Iran, Mr. President, to what extent are American financial situations motivating you to make a deal?”

Without hesitating, the president replied, “Not even a little bit.” The Republican added that, as part of his focus on preventing Iran from having nuclear weapons, “I don’t think about Americans’ financial situation. I don’t think about anybody.”

It was a brutal quote, not only because of its callousness, but also because Trump has spent so much time proving the underlying point true. As my MS NOW colleague Zeeshan Aleem added, “The truth, in this case, is that Trump obviously doesn’t care about ordinary Americans’ financial well-being. It’s sticky not just because he said it, but because he has long been acting like it.”

Nearly a month later, all of this has returned to the fore, not just because of the data, which paints an ugly picture, and not just because of the administration’s misguided policies, which are directly responsible for making the cost of living worse, but also because of the frequency with which the president expresses his public indifference.

The latest Economist/YouGov poll found that just 29% of the public approve of his handling of the economy — 10 points lower than Joe Biden’s worst poll on the same issue. With the midterm elections just 21 weeks away, it’s a number that will likely generate understandable panic among Republican officials and candidates.

But it’s not the only survey of interest. A recent Fox News poll asked respondents, “Do you think Donald Trump cares about people like you, or not?” Only 37% of Americans said they believe the president does in fact care about people like them.

There’s no reason to assume that number can’t sink lower.

The post ‘I love the inflation’: What makes Trump’s comments on the affordability crisis different appeared first on MS NOW.

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