Category: #Money
Ahead of Lunar New Year, Thailand’s poor feel sting of inflation
Pork prices have jumped 40 percent since the start of the year amid a perfect storm of swine flu and rising oil prices. Source: https://www.aljazeera.com/economy/2022/1/26/ahead-of-lunar-new-year-thailands-poor-feel-sting-of-inflation…
Big Weed is on the brink of scoring big political wins. So where are they?
Marijuana advocates are stuck in the weeds. Cannabis policy has never had a rosier outlook on Capitol Hill: Democrats control both Congress and the White…
70,000 Americans Getting a Raise as Biden Admin Unveils $15 Minimum Wage for Federal Workers
The Biden administration has raised the minimum wage for federal employees to $15 an hour, a move that lifts the pay of almost 70,000 workers,…
The Federal Reserve is open to creating a digital dollar
The Federal Reserve finally released a much-delayed paper yesterday opining on the pros and cons of developing its own central bank digital currency (CBDC), but…
The high cost of bringing down inflation
Suppose the Federal Reserve had perfect foresight last year, and set out to keep inflation at its 2% target anyway — despite supply disruptions and…
Tax season nightmare ahead for understaffed IRS
The IRS will start accepting 2021 tax returns in less than a week, and the filing delays and administrative headaches to come might eclipse last…
Cost of masks and tests deepens a pandemic wedge between the haves and the have-nots
In recent weeks, Americans have discovered that the financial costs of the pandemic — masks, rapid tests and more — are increasingly falling on their…
Corporate America’s incredibly profitable pandemic
Data: S&P Dow Jones Indices; Chart: Thomas Oide/Axios Companies are about to blast out a blizzard of quarterly profit and sales numbers over the next…
More than 30 million families to lose child tax credit checks starting this weekend
Millions of families this weekend will stop receiving monthly child tax payments for the first time in months after Congress failed to pass an extension…
US inflation jumped 7% in December as prices rise at rates unseen in decades
December is the seventh consecutive month in which inflation topped 5%, a blow to the Biden administration and Federal Reserve The price of goods and…
Momentum builds to ban lawmakers from trading stocks
Some progressive Democrats and MAGA Republicans are uniting on a proposal to ban sitting lawmakers from trading individual stocks, although it’s unlikely that leadership will…
Treasury begins distribution of quarter featuring poet, activist Maya Angelou
The U.S. Mint has begun rolling out quarters which feature writer, poet and activist Maya Angelou, the first Black woman to appear on the coin….
Refund Delays? Treasury Says IRS Faces “Enormous Challenges”
Could your tax refund check be delayed? Representatives from the Treasury Department told journalists on Monday that the Internal Revenue Service faces “enormous challenges” in…
How Important Is Cost Per Page When Buying a Printer?
The high cost of running and owning a printer has become part of the zeitgeist at this point. You can measure exactly how much printing…
Venmo, PayPal and Zelle must report $600+ in transactions to IRS
As of Jan. 1, mobile payment apps like Venmo, PayPal, Zelle and Cash App are required to report commercial transactions totaling more than $600 a…
OPEC+ sticks with plan to gradually boost output, despite Omicron
OPEC+ agreed to adhere to its previous decision to increase oil production by 400,000 barrels a day in February. Source: https://www.aljazeera.com/economy/2022/1/4/opec-sticks-with-plan-to-gradually-boost-output-despite-omicron Droolin’ Dog sniffed out…
China Evergrande shares suspended after order to demolish 39 buldings
More woes for property giant as it is told to tear down the buildings in the lavish Ocean Flower Island development in Hainan province Shares…
White House announces $1B plan to address increases in meat prices
The White House on Monday announced plans aimed at addressing rising prices for meat and poultry, including setting aside $1 billion for smaller producers.The Biden…
Powerball jackpot is at $522M after no ticket matches New Year’s Day drawing
Powerball’s top prize of more than half a billion dollars remains up for grabs after the New Year’s Day drawing failed to produce an overall…
Powerball jackpot climbs to $500M for New Year’s Day drawing
Powerball’s top prize winner has the chance to start the New Year off with a big bang worth about half a billion dollars. Source: https://www.nbcnews.com/news/powerball-jackpot-climbs-500m-new-years-day-drawing-rcna10586…
United Airlines offers triple pay to pilots amid travel chaos
United Airlines said Friday that it will offer triple pay to pilots who pick up extra flights as bad weather and the omicron variant continue…
Many surprise medical bills are now illegal
Effective today, federal law bans many types of out-of-network medical bills and puts the onus on doctors and health insurance companies to resolve their payment…
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