Money & The Economy
News on Finance, Money, markets and the economy
Inflation Measure Surges Again, Hits New Three-Decade High
An index measuring inflation surged at an annual rate of 4.2% last month, reaching its highest level since 1991, according…
Read More »What the New York Times Gets Wrong about Automation
Technological automation of industry has accelerated in countless sectors of the economy, from service to manufacturing, since the start of…
Read More »New Ivy League Report Reveals Devastating Human, Financial Costs of Afghanistan War
The chaotic aftermath of the US military’s withdrawal from Afghanistan is making international headlines and capturing the world’s attention. Lost…
Read More »Jobless Claims Climb With Pandemic Unemployment Benefits Set To Expire
The number of Americans filing new unemployment claims increased to 353,000 last week as the economy continues its recovery from…
Read More »The Issue With the New York Times’s Claim That “A Minimum Wage Can Create Jobs”
Last week, The New York Times published an opinion article by Peter Coy titled “A Minimum Wage Can Create Jobs.”…
Read More »Nothing Going Right: Vast Majority Of COVID Rental Assistance Funds Remain Unspent With Millions Behind On Rent
The Biden administration acknowledged that just 11% of Congress’ rental assistance funds has been distributed to renters. U.S. renters have…
Read More »One of the Biggest Welfare State Expansions in US History Just Got Approved By Congress
It’s another day that ends in y, so, Congress just nonchalantly voted to spend trillions of taxpayer dollars. On Tuesday,…
Read More »Biden Effect: Small Business Owners’ Confidence In Economy Hits Lowest Level Since April 2020
The prevalence of the COVID-19 delta variant has damaged small business confidence in the economy, sending it to its lowest…
Read More »How Airbnb is Stepping Up to Help Afghan Refugees
The world has watched the chaos unfolding in Afghanistan with a breaking heart. After decades of unsuccessful US attempts at…
Read More »Fast-Food Wages Surged 10%, Quickest In Years As Companies Struggle To Hire Workers
Fast-food workers’ wages increased more during the second quarter of 2021 than they did in any quarterly period in years amid the…
Read More »The Fed Should Take Action at Jackson Hole to Reduce Inflation
This week, the Federal Reserve (Fed) will meet for its annual symposium at Jackson Hole, Wyoming. This symposium is sponsored…
Read More »The 10 States Leading the Economic Recovery All Have One Thing in Common (And So Do the Worst Ones!)
The economy continues to recover from the COVID-19 pandemic and ongoing government restrictions. But newly released Labor Department data show…
Read More »Why People Should Stop Saying CEOs Have a Duty to ‘Give Back’ to Society
It is not uncommon for successful businessmen, entrepreneurs, and celebrities to talk about what they are doing to “give back”…
Read More »4 Factors That Affect Your Credit Score
Image from Pexels A large percentage of Americans have had to put their financial goals on hold, and for the…
Read More »Why Biden’s Proposed Tax Hikes Won’t Cause More Unemployment
President Joe Biden is eyeing policies that would send taxes through the roof. He is indeed “soaking” the rich, but…
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