Category: #Economy
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McConnell warns GOP won’t vote to raise debt ceiling
Senate Minority Leader Mitch McConnell (R-Ky.) is warning that Republicans won’t help raise the debt ceiling and is urging Democrats to include the spending hike in…
Reform unemployment, US workers say, as Covid reveals chaotic systems
Millions thrown out of work by the pandemic faced months-long backlogs in receiving benefits, if they arrived at all Unemployed workers are pushing for reforms…
Dow drops 800 points on fears of Covid rebound
The U.S. is averaging nearly 30,000 new cases a day, up from a 7-day average of around 11,000 cases a day a month ago, according…
It’s Not a Border Crisis. It’s a Climate Change Crisis.
ALDEA XUCUP, PANZÓS, Guatemala — Here, in the small Mayan indigenous village of Xucup, men and boys pack tightly and stand in the back of…
China is buying up American farms. Washington wants to crack down.
The push to drain China’s influence from the U.S. economy has reached America’s farm country, as congressional lawmakers from both parties are looking at measures…
Subsidizing rent wastes money. Help people buy homes instead.
Monthly mortgage payments are lower than monthly rent on average, regardless of household income. We need to help poorer families buy homes and build wealth….
Democrats pursue ambitious immigration changes in $3.5 trillion budget measure
It’s unclear what policy shifts will pass muster under Senate rules that would allow the party’s senators to approve the measure without Republican support. Source:…
The way Federal Reserve chair Jerome Powell is talking about inflation seems to be evolving
The way Fed chair Jerome Powell is talking about inflation seems to be evolving. Why it matters: The Fed has been employing a very stimulative…
People are accumulating less debt post-pandemic
A phenomenon ushered in by the pandemic is lingering: less borrowing. People are paying down their credit card balances faster, and mom-and-pop shops are holding…
Why cars are driving the highest inflation since 2008
Inflation is at its highest level since 2008, thanks in very large part to a single item whose price has been going through the roof:…
Inflation watch: US consumer prices post sharpest rise since 2008
Consumer prices spiked 0.9 percent last month after rising 0.6 in May – the sharpest gain since June 2008. Source: https://www.aljazeera.com/economy/2021/7/13/inflation-watch-us-consumer-prices-post-sharpest-rise-since-2008 Droolin’ Dog sniffed out…
Janet Yellen: COVID-19 variants could derail global recovery
Treasury Secretary Janet Yellen on Sunday urged more rapid distribution of COVID-19 vaccines globally, warning that the virus’ variants could hinder the worldwide economic recovery,…
China says it will retaliate after US blacklists companies
Beijing to take ‘necessary measures’ to respond to Washington blacklisting Chinese companies over Uighur treatment. Source: https://www.aljazeera.com/economy/2021/7/11/china-says-it-will-retaliate-after-us-blacklists-companies Droolin’ Dog sniffed out this story and shared…
‘The biggest bill in the history of the country’: Dems wrestle over control of the infrastructure throttle
Democrats are hurtling toward their most consequential stretch of legislating since the passage of Obamacare, with major decisions left unmade as they wrangle over the…
Ban Mansions
Individual choices about consumption won’t solve the climate crisis alone. But for the richest among us, some forms of polluting pleasure are going to have…
Jobless claims unexpectedly rise to 373,000
First-time claims are up, a potential warning sign for job growth in the coming months. Source: https://www.nbcnews.com/business/economy/jobless-claims-unexpectedly-rise-373-000-job-growth-slows-n1273344 Droolin’ Dog sniffed out this story and shared…
Ketchum, Idaho, Has Plenty of Available Jobs, but Workers Can’t Afford Housing
Comments Source: https://www.wsj.com/articles/ketchum-idaho-has-plenty-of-available-jobs-but-workers-cant-afford-housing-11625659200 Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By:
States faced financial ruin. Now they’re swimming in cash.
As the coronavirus tore across America last spring, elected leaders and economists feared the worst: the pandemic and resulting financial turmoil would devastate the budgets…
Five Asian countries account for 80% of new coal power investment
China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units Five Asian countries are jeopardising global climate ambitions by investing…
These cities and states just raised their minimum wage
Minimum wage workers in various parts of the country got a pay increase Thursday, the first day of the new fiscal year for most state…
OPEC+ could add 2 million bpd oil to market by December: Report
Monthly increases would amount to less than 0.5 million barrels per day, a source told Reuters news agency. Source: https://www.aljazeera.com/economy/2021/7/1/opec-could-add-2m-bpd-of-oil-to-market-by-december-report Droolin’ Dog sniffed out this…
Few unemployed people are actively looking for jobs
There are around 10 million unemployed Americans and over 9 million open positions. But most people aren’t urgently seeking out those jobs. The big picture:…
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