Key Fed inflation measure rose 0.6% in January, more than expected
A measure the Federal Reserve watches closely to gauge inflation rose more than expected in January, indicating the central bank has more work to do to bring down prices. The personal consumption expenditures price index excluding food and energy increased 0.6% for the month, and was up 4.7% from a year ago, the Commerce Department […]
Apres Biden, Le Deluge: When the Republican Party Gives Up…
Other than a small, beleaguered band of fiscal conservatives in the Republican Senate caucus, no one in that body cares about impending fiscal Armageddon. President Joe Biden used the State of the Union speech to put the biggest domestic spending programs off-limits for reform. Since then, Senate Minority Leader Mitch McConnell has been doing essentially […]
Is It Wrong to Make Money by Helping Others?
Jack (@jbwells2 on TikTok) runs her store Jack’s Vintage on the secondhand fashion app Depop. She posted a video on Jan. 24 where she tries on a variety of thrifted clothes, modeling skirts and jackets that she would later post to her online store. “This right here is the best thrift haul you will […]
OECD says global economic outlook ‘slightly better’ for 2023
People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain. “The outlook for the world is slightly brighter at the beginning of […]
UK consumer confidence hits highest level since April 2022
UK consumer confidence rebounded in February to its highest level in almost a year, in a sign of households’ resilience despite the cost of living crisis, according to data published on Friday. Research group GfK said its index of consumer confidence, a closely watched measure of how people view their personal finances and wider economic […]
Unions Should Not Be Protected Against Suits for Deliberate…
The National Labor Relations Act gives labor union officials powers that no other people in the private sector have. Here are the most important ones. Because the National Labor Relations Act makes a certified union the exclusive bargaining agent for all workers in the bargaining unit, those who wanted the union and those who did […]
