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Jun 10 2021
News
U.S. Inflation Is Highest in 13 Years as Prices Surge 5%
Consumer prices rose rapidly in May, reflecting a surge in demand and shortages of labor and materials.
U.S. consumer prices continued to climb strongly in May, surging 5% from a year ago to reach the highest annual inflation rate in nearly 13 years.
The Labor Department said May’s increase in consumer inflation was the largest since August 2008. The jump followed a 4.2% rise for
Wall Street Journal (News)Sep 24 2021
News
How the U.S. Debt Ceiling Works and Why It Matters
Congress must reach a deal to raise the federal borrowing limit, or debt ceiling, before the government runs out of money to pay its bills by mid-October. The House passed a measure keeping the government funded until early December and suspending its borrowing limit through 2022, but the bill faces an uphill battle in the Senate.
The debt ceiling came out of the need to accrue more
Wall Street Journal (News)Jan 20 2020
Fact Check
Trump’s Numbers January 2020 Update
Now that Donald Trump has been president for three years, what has changed? Here are some things that can be measured:
The economy added 6.7 million jobs, and unemployment fell to the lowest rate in half a century. The economy grew more slowly than Trump promised — at a 2.1% rate most recently. Stock prices hit record levels. Household income grew; poverty decreased, and paychecks grew
FactCheck.orgJun 07 2019
News
Job Growth Slows Sharply as Payrolls Add 75K, Wage Gains Moderate
U.S. job growth slowed sharply in May and wages rose less than expected, suggesting the loss of momentum in economic activity was spreading to the labor market, which could increase calls for the Federal Reserve to cut interest rates this year.
The cool-off in hiring reported by the Labor Department on Friday was even before a recent escalation in trade tensions between the United
Newsmax (News)Jul 31 2020
Background
Free Speech? What’s Free Speech?
Internet site Gawker says that Ashton Kutcher’s editorship of Details magazine was “a brazenly self interested and highly misleading act of journalism.” He helped produce a special online version of the mag that featured tech companies he’s invested in without disclosing that fact.
Having disclosed it for him—the article is called “Ashton Kutcher Is a Massive Whore”—Gawker now reports
Cato InstituteMay 06 2021
News
U.S. Unemployment Claims Fell to 498,000 Last Week
Weekly unemployment claims fell to 498,000 last week—a new low since the Covid-19 pandemic began more than a year ago—in a fresh sign that the labor-market rebound is gathering force.
Worker filings for jobless claims, a proxy for layoffs, fell 92,000 last week from 590,000 the prior week. That brings the four-week average of initial claims, which smooths out volatility in weekly data,
Wall Street Journal (News)Aug 29 2019
Opinion
The Persistence of Poverty: Another Perspective
In my previous column, I lamented how the poverty rate in the United States has remained range-bound between 11 and 15 percent ever since the War on Poverty was launched in the 1960s.
On Aug. 21, economist and former U.S. Sen. Phil Gramm and John F. Early, former assistant commissioner of the Bureau of Labor Statistics, wrote in The Wall Street Journal that “Americans Are Richer Than We
The Epoch TimesSep 23 2021
News
Leaked Grant Proposal Details High-Risk Coronavirus Research
A GRANT PROPOSAL written by the U.S.-based nonprofit the EcoHealth Alliance and submitted in 2018 to the Defense Advanced Research Projects Agency, or DARPA, provides evidence that the group was working — or at least planning to work — on several risky areas of research. Among the scientific tasks the group described in its proposal, which was rejected by DARPA, was the creation of full-length
The InterceptOct 18 2021
News
Hundreds of port workers in Italy are striking against a new vaccine mandate
Italy’s new covid-19 rules went into effect on Oct. 15, prompting labor strikes and protests across the country. The mandate, one of the strictest in the world, requires employees in the public and private sectors to show proof of vaccination, a negative test, or recovery from the virus in order to go to work. Those who don’t comply may be fined up to €1,500, or $1,760.
The measure,
QuartzJan 30 2022
Analysis
The 7 Races That Will Likely Decide Control Of The Senate
Senate Democrats have spent the past few months wrestling with President Biden’s social spending plan, voting rights legislation and the future of the filibuster. But now that 2022 has begun, they must now contend with the prospect of defending their exceedingly narrow majority in Congress’s upper chamber. Democrats control the bare minimum of 50 seats, along with Vice President Kamala Harris’
538 (ABC News)