Tag: Economy

MSNBC panels declares 2024 election isn’t about ‘policy,’ economy: It’s about ‘preserving democracy’

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MSNBC’s Ali Velshi and his panelists said Saturday that this election was not about “policy,” but rather “preserving democracy” as it’s “not the moment” to have any debates about lowering taxes. 

“This is a candidate who is threatening people, promising retribution, talking that way dictators and authoritarians talk,” he said of Trump. “This election isn’t possibly about policy. You know me. I’m an economics guy. I like to talk about inflation. I’d like to talk about all these kinds of

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Experts raise doubts about NHTSA’s fuel economy proposal

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The Alliance for Automotive Innovation, which represents many of the industry players investing in electrification, has called for one national standard that aligns NHTSA’s fuel economy standards with the EPA’s regulation.

The group was still reviewing NHTSA’s proposal but said it was “encouraging” that the two regulators seem to have tried to “sync up” the rules.

“Conflicting and overlapping rules are complex and expensive,” John Bozzella, the group’s CEO, said in a statement last month. “If an automaker complies with

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TikTok’s Billion-Dollar Tipping Economy – The Atlantic

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It’s August, but Santa Claus is hard at work. No, he’s not busy checking his lists or helping the elves make presents for all the good little children around the world. He’s livestreaming on TikTok, where he has 1.3 million followers.

And this year, Santa’s the one with the wish list. He’s hoping that the people watching his livestream will send him digital gifts using TikTok Coins, a currency that allows users to effectively beam cash to their favorite creators

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Turkey’s inflation rate nears 50% as its overheating economy puts consumers under strain

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Turkey’s inflation rate nears 50% as its overheating economy puts consumers under strain

By Daily Mail City & Finance Reporter

Updated:

While the Bank of England battles rising costs, Turkey is being ravaged by inflation.

Inflation almost touched 50 per cent in July as an overheating economy put consumers under strain, according to the Turkish Statistical Institute.

Consumer prices rose 47.8 per cent last month, a substantial increase from 38.2 per cent

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How the Recession Doomers Got the U.S. Economy So Wrong

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This is Work in Progress, a newsletter by Derek Thompson about work, technology, and how to solve some of America’s biggest problems. Sign up here to get it every week.

In 2022, it was a matter of conventional and nearly universal wisdom that the 2023 economy would be a nightmare.

Last October, a Bloomberg economic model said that the odds of a U.S. recession this year were 100 percent. No, not 99.99 percent, as in the odds that you’ll avoid

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Heat Is Costing the U.S. Economy Billions in Lost Productivity

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As much of the United States swelters under record heat, Amazon drivers and warehouse workers have gone on strike in part to protest working conditions that can exceed 100 degrees Fahrenheit.

On triple-digit days in Orlando, utility crews are postponing checks for gas leaks, since digging outdoors dressed in heavy safety gear could endanger their lives. Even in Michigan, on the nation’s northern border, construction crews are working shortened days because of heat.

Now that climate change has raised the

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Why Did Economic Forecasters Get Their Recession Call Wrong?

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Last October, the Wall Street Journal published a survey of more than sixty economic forecasters from universities, businesses, and Wall Street. Citing the results of the survey, the Journal reported that the United States was “forecast to enter a recession in the coming 12 months as the Federal Reserve battles to bring down persistently high inflation, the economy contracts and employers cut jobs in response.” The story went on to say that the economists surveyed expected inflation-adjusted G.D.P. “to contract

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Wage Growth Slowed in Second Quarter, a Sign the Economy is Cooling

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Wage growth slowed this spring, the latest sign that the Federal Reserve might be succeeding in its effort to engineer a “soft landing” for the U.S. economy.

Overall compensation costs, including both pay and benefits, rose 1 percent in the second quarter, down from 1.2 percent in the first three months of the year, the Labor Department said Friday. Compensation was up 4.5 percent from a year earlier, the slowest growth in more than a year.

A narrower measure, which

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Germany faces 5 tough years, economy minister warns – POLITICO

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Germany faces five difficult years of green industrial transition that “will put a burden” on people, Economy Minister Robert Habeck warned — while urging his government to approve fresh subsidies to safeguard the country’s industrial base.

Reacting to a new report by the International Monetary Fund that projects Germany’s economy will shrink 0.3 percentage points this year, Habeck told German public broadcaster ARD on Wednesday evening, “The data certainly isn’t good.”

Germany’s statistical office had already warned in May that

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Why What We Thought About the Global Economy Is No Longer True

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When the world’s business and political leaders gathered in 2018 at the annual economic forum in Davos, the mood was jubilant. Growth in every major country was on an upswing. The global economy, declared Christine Lagarde, then the managing director of the International Monetary Fund, “is in a very sweet spot.”

Five years later, the outlook has decidedly soured.

“Nearly all the economic forces that powered progress and prosperity over the last three decades are fading,” the World Bank warned

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