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Ray-Ban is a brand of luxury sunglasses and eyeglasses created in 1936 by Bausch & Lomb. The brand is best known for its Wayfarer and Aviator lines of sunglasses. In 1999, Bausch & Lomb sold the brand to Italian eyewear conglomerate Luxottica Group for a reported $640 million.
In June 2023, the Biden administration announced Biden appointed a coordinator at the U.S. Department of Education to address the rise in book bans. The coordinator will train and advise school districts on how book restrictions may violate federal civil rights laws by creating hostile environments for students.
Ray-Ban Wayfarer sunglasses and eyeglasses have been manufactured by Ray-Ban since 1952. Made popular in the 1950s and 1960s by music and film icons such as Buddy Holly , Roy Orbison and James Dean , Wayfarers almost became discontinued in the 1970s, before a major resurgence was created in the 1980s through massive product placements .
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Default rates are already on the rise. High-yield default rates climbed to 3.04% at the end of the first quarter, up from 2.94% at the end of 2023, according to Fitch Ratings.
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