Overseas Headlines – June 19, 2020

United States:

Food Inequality Crisis Deepens in U.S. Under Pandemic’s Pressure

“Access to food has been unequal in America long before the onset of the coronavirus. But the pandemic has deepened the problem, with images of snaking lines at food banks bringing the harsh reality to light. Even in the U.S., one of the most food-secure nations in the world, millions face difficulty in accessing nutritious meals. Food inequality disproportionately impacts Americans of color, who’ve already been among the hardest hit by Covid-19 and its economic fallout.”



U.K. Government Debt Hits Level Not Seen in 57 Years

“U.K. government debt rose above 100% of gross domestic product in May for the first time since 1963, reflecting a precipitous drop in economic output and a surge in spending to counter the fallout from the coronavirus pandemic. Borrowing increased by more than 100 billion pounds ($124 billion) in the two months to May, as tax revenue plunged and authorities deployed a massive support package to save jobs and keep businesses afloat during the lockdown.”



China to Accelerate U.S. Farm Purchases After Hawaii Talks

“China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week. The world’s top soybean importer intends to step up buying of everything from soybeans to corn and ethanol after purchases fell behind due to coronavirus disruptions, said two people familiar with the matter, who asked not to be named because the information is private.”



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