MILAN, Italy (Project Syndicate) entCentral banks’ efforts to contain high and rising inflation are fueling headwinds to growth and are threatening to tip the global economy into recession. But the proximate cause of today’s inflationary pressures is a large, broad-based, and persistent imbalance between supply and demand. Higher interest rates will dampen demand, but supply-side…
If you want to know why Americans are so grumpy about the economy, let’s start with the fact that despite strong job growth and sizable increases in wages, their incomes are simply not keeping up with inflation. Americans just don’t feel poorer — they are poorer. In fact, they have never lost so much purchasing…
At least 25 major US companies, including Amazon.com Inc., AT&T, Walmart, General Motors, Verizon and Charter Communications, have come out in vocal support for the LGBTQ community for Pride Month – while also donating more than $ 13 million since the start. of 2021 to politicians who support anti-LGBTQ legislation. That’s according to the Popular…
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