Page 2 - Compounding Problem News Today

Showed revolving credit. a measure of debt that includes credit cards reaching record highs in april. now thats not necessarily bad. but president and ceo of green path works with people who are often overwhelmed by credit cards. and she is seeing signs thats coming again. >> people who called us in 2021 on average had about $10,000 in credit card debt. so people on average calling us this month. hit $14,000. >> thats significant. >> yeah. its 40% higher than last year. that to me is like holy c...

Ceo of green path, works with people who are often overwhelmed by credit cards, and shes seeing signs thats coming again. >> people who called us in 2021 on average had about $10,000 in credit card debt. so people on average calling us this month, its at $14,000. >> thats significant. thats a lot of money. >> yeah, so its 40% higher than it was last year. like that to me is like, holy cow. >> reporter: kristen says in this financial environment, credit card debt is a compounding problem. today f...

>> isnt covid part of the issue here, though? i mean, they got rid of masks and more people are out sick. >> covid is part of the issue. increasing fuel prices. staffing shortages across the board due to covid. all of it has created a compounding problem. and the expected decrease in passenger ticket purchase has not really occurred. what were seeing actually is a surge in ticket sales during the vacation season and a shortage of aircraft, a shortage of crews as a result of covid. and these comp...

He doesnt believe this is about banning masks. he believes there was a choice in all of this. we have not yesterday heard from the governors office. i imagine he has a lot to say, this is an issue that he campaigned on heavily. we heard from the lieutenant governor on fox. she said theyre not going to stop fighting this. >> sandra: thanks, mark. now to the scene out of texas. conditions stranding hundreds of vehicles for hours. the blast putting air travel on ice. brutal conditions forcing 3,700...

Cal, its good to have you with us. weve been hearing, obviously as we just heard there from ambassador mcfaul, and we also heard earlier from the senior economic adviser to president zelenskyy, and he described to us the horrors of whats taking place. weve all seen these images now. describe for us what your hearing and seeing on the ground there with these russian attacks against civilian neighborhoods continuing. >> its a compounding problem thats been going on now for five or six days. its no...

Which manifests in this dramatic fashion in this backup of ships on the american west coast. weve got a got a shortage of t and truckers and port workers at the docks. that means those containers on those ships cant be unloaded quickly enough. theres not enough empty containers, nor enough to carry away exports which end up sitting around in railcars so those railcars cant pick up more stuff from american warehouses. its a compounding problem that is, as we say, complex. today president biden an...

Around railcars. its a compounding problem that is, as we say, complex. today president biden announce -- announced a plan to untangle these one of these knots in the supply chain. the port of los angeles is going to go from running only on weekdays to running on weekends and overnight, 24 hours a day seven days a week. president biden said today that will almost double the number of hours the port is open for business. he praised the longshoremen and the warehouse union that staffs the port for...

Back overseas to carry all the imports back in. or enough to carry away exports, winds and jumps it in around an rail car, so those rail cars cant go pick up more stuff, from american warehouses. its a compounding problem. that is as we say, complex. today president biden announced a plan to try to untangle at least one of these knots in the supply chain, the port of los angeles is now going to go from running only on weekdays, to running both on weekends and overnight, its going to go to 24 hou...

Mandates, vaccination mandates, vaccine passports, everything. huge political push to say we dont want to do that. theyre resisting masks in schools an yet look at the numbers. >> thats the compounding problem. sometimes statistics, percentages can confuse people. what do the real numbers look like? >> if you look at the actual number of beds available. florida 468 beds. louisiana 175. texas 417. texas, 417. look at florida and texas together, thats more than 50 million people. if you look at th...

Effectiveness of those agencies. if people cant access their municipal building, how can the city effectively deliver service? at the same time, it put an additional layer of costs. each one of these measure sess an additional layer of cost. so it becomes a compounding problem with each one of these incidents. how much more difficult it is, really, to detect it and try to get out in front of such an attack. it puts law enforcement almost always in the decisions of having to react rather than bei...