Manchin's bill could save the OECD corporate minimum tax
Synopsis by Fox Business Jul 29 22
The spending initiative from Democratic Sens. Chuck Schumer and Joe Manchin will do little to combat inflation as prices surge to another record-breaking high.Read full article
Washington Post: Major changes to the Affordable Care Act. The nation’s biggest-ever ...
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| Last Updated | Jul 31 22 |
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Major changes to the Affordable Care Act. The nation’s biggest-ever climate bill. The largest tax hike on corporations in decades ... Show more https://wapo.st/3S4ooQe
Joe Manchin Finally Signed Off on a Climate Bill. Does Everyone Get Free Solar Panels Now?
slate.com/technology/2022/07/inflation-reduction-act-climate-bill-manchin-heat-pump-solar-panels-electric-cars.html
Joe Manchin: What's in US Democrats' 'inflation-fighting' bill?: The $739bn package raises corporate taxes, lowers healthcare costs and invests heavily in ...
bbc.com/news/world-us-canada-62339593
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Small business groups rip Manchin, Schumer deal: 'Misery for many more Americans'
foxbusiness.com/politics/small-business-groups-rip-manchin-schumer-deal-misery-many-more-americans
Joe Manchin Finally Signed Off on a Climate Bill. Does Everyone Get Free Solar Panels Now?
slate.com/technology/2022/07/inflation-reduction-act-climate-bill-manchin-heat-pump-solar-panels-electric-cars.html
Joe Manchin: What's in US Democrats' 'inflation-fighting' bill?: The $739bn package raises corporate taxes, lowers healthcare costs and invests heavily in ...
bbc.com/news/world-us-canada-62339593
Manchin-Schumer spending bill will have 'indistinguishable' effect on inflation: Penn Wharton
foxbusiness.com/economy/manchin-schumer-spending-bill-have-indistinguishable-effect-inflation-penn-wharton
What the Inflation Reduction Act needs to pass, including Sen. Sinema: There are still three outstanding issues.
vox.com/policy-and-politics/23282983/inflation-reduction-act-kyrsten-sinema-josh-gottheimer
Manchin says he is firm on closing tax loophole; Sinema absent from caucus meeting
thehill.com/blogs/blog-briefing-room/news/3578066-manchin-says-he-is-firm-on-carried-interest-tax-loophole-despite-sinema/
Senate Democrats offer sign of political life: Something surprising happened in Washington DC this week: Democratic senators appeared to engage in politics ...
newstatesman.com/world/americas/north-america/us/2022/07/joe-manchin-chuck-schumer-senate-democrats-political-life
Manchin's bill could save the OECD corporate minimum tax: The surprise deal in the Senate revives a 15% global minimum tax
qz.com/can-manchins-reversal-save-global-tax-reform-too-1849342804
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US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Watch live: Senate dismisses all impeachment charges against Mayorkas: The Senate has dismissed all impeachment charges against Homeland Security Secretary ...
apnews.com/article/mayorkas-senate-impeachment-trial-democrats-29aa775c0e866f4160f320583f261a72
Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1
Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
- The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals
- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
- Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
‘Every one of us should be ashamed’ of current Congress: Manchin: Sen. Joe Manchin (D-W.Va.) and former Sen. Rob Portman (R-Ohio) lamented the state of Congress ...
thehill.com/homenews/senate/4609864-every-one-of-us-should-be-ashamed-of-current-congress-manchin/
US Senate has agreement on FISA reauthorization, will vote on Friday night, Schumer says
reuters.com/world/us/us-senate-has-agreement-fisa-reauthorization-will-vote-friday-night-schumer-says-2024-04-20/
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
In race for his Senate seat, Joe Manchin endorses West Virginia Democratic Mayor Glenn Elliott
apnews.com/article/west-virginia-joe-manchin-glenn-elliott-8b8ad1cb4989b4dc253b7cf95932285e
West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.
newsroom.co.nz/2024/04/23/west-is-best-how-we-stack-up-against-australia/
Senate closer to approval of $95B foreign aid package for Ukraine, Israel and Taiwan
abcnews.go.com/Politics/senate-returns-95b-foreign-aid-package-ukraine-israel/story
Quick Glance: UK Boosts Defense Spending, Provides $620 Million Military Aid to Ukraine
- British Prime Minister Rishi Sunak announced an increase in defense spending to 2.5% of GDP by the end of the decade, along with a pledge to provide Ukraine with new military aid totaling $620 million, including weapons, armored vehicles, and ammunition.
- Sunak described the heightened spending as the most significant strengthening of national defense in a generation, emphasizing the need to remain vigilant in the face of current geopolitical threats.
- The UK commits to an additional £75 billion in defense spending over the next six years, aiming to raise defense expenditure to 2.5% of GDP, reaffirming a target set by Boris Johnson in 2022.
- The announcement followed similar moves by the US, approving $61 billion in aid for Ukraine, signaling an escalated international response to Russia's aggression in Ukraine.
Cash: Germans' assets at record value - Daily money is also popular: The Germans have more money in their pockets again. The reason for this is higher interest ...
t-online.de/finanzen/aktuelles/id_100388504/bargeld-vermoegen-der-deutschen-auf-rekordwert-auch-tagesgeld-beliebt.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
SF sales down 28% from 2019. What sectors and areas were hit hardest?: This map and table breaks down trend in S.F. sales tax revenue for the past five years
sfchronicle.com/bayarea/article/sf-sales-tax-neighborhood-19394489.php
Senate reaches deal to pass FISA reauthorization by deadline: After hours of stalemate, Senate Majority Leader Chuck Schumer (D-N.Y.) announced a deal Friday ...
thehill.com/homenews/senate/4606971-senate-reaches-deal-to-pass-fisa-reauthorization-by-deadline/
American leaders should stay out of internal Israeli politics, Israel's president says
politico.com/news/2024/04/21/america-israel-isaac-herzog-schumer-00153515
US Senate expected to swiftly end Mayorkas impeachment: The Democratic-majority U.S. Senate on Wednesday dismissed impeachment charges against President Joe ...
reuters.com/world/us/us-senate-expected-swiftly-end-mayorkas-impeachment-2024-04-17/
Bag of Rice Still Selling for Up to N84,000 in Lagos: To verify if a bag of rice indeed sells for N60,000, FIJ took to two food markets in Lagos to ask the ...
fij.ng/article/bag-of-rice-still-selling-for-up-to-n84000-in-lagos/
Cruz: Democrats tossed ‘two centuries of precedent’ by rejecting Mayorkas articles of impeachment
thehill.com/homenews/senate/4604151-cruz-democrats-tossed-two-centuries-of-precedent-by-rejecting-mayorkas-impeachment/
Schumer: Mayorkas impeachment ‘awful precedent,’ ‘abuse of process’: Senate Majority Leader Chuck Schumer (D-N.Y.) on Tuesday accused House Republicans of ...
trib.al/lbetJ3Q
Senate to stay in session to pass House’s Ukraine, Israel package: Senate Majority Leader Chuck Schumer (D-N.Y.) warned Senate colleagues Friday they should be ...
thehill.com/homenews/senate/4605178-senate-weekend-fisa-ukraine-israel-package/
Investors raise bets on euro falling to parity with dollar: Eurozone borrowing costs seen as likely to fall first as strength of US economy lowers chance of ...
ft.com/content/700f0282-e939-4441-8093-6e012c39f4bd
Senate Passes Two-Year Extension of Surveillance Law Just After It Expired: The law lapsed only briefly after a late-night deal that allowed votes on privacy ...
nytimes.com/2024/04/20/us/politics/senate-passes-surveillance-law-extension.html
Is Japan finally becoming a ‘normal’ economy? : Prices are rising, workers are demanding higher pay and the stock market is booming. But the country still has to ...
ft.com/content/88174b91-27d6-4936-ba5c-62c831b0a1c7
Quick Glance: Record Audience at NCAA Women's Championship
- South Carolina's victory over Caitlin Clark and Iowa in Sunday's women's NCAA championship game garnered a preliminary average viewership of 18.7 million on ABC and ESPN.
- Nielsen's final numbers on Tuesday may reveal an increase in viewership.
- It marks the most-watched basketball game since 2019, when the men's NCAA title game between Virginia and Texas Tech averaged 19.6 million viewers on CBS.
- The women's final also recorded the highest viewership for a Sunday afternoon sporting event on ESPN and ABC since early 2021.
Inflation rate falls to lowest level in three years in Thuringia: Prices for food and non-alcoholic beverages fell by an average of 0.7 percent compared to the ...
thueringer-allgemeine.de/wirtschaft/article242050862/Inflationsrate-sinkt-in-Thueringen-auf-niedrigsten-Stand-seit-drei-Jahren.html
Schumer: ‘American people will see right through’ Trump’s abortion stance: Senate Majority Leader Chuck Schumer (D-N.Y.) said in a floor speech Tuesday that the ...
thehill.com/homenews/state-watch/4583173-schumer-american-people-will-see-right-through-trumps-abortion-stance/
Quick Glance: Arizona GOP outlines alternative abortion strategy
- Republican state legislators in Arizona are considering alternative ballot measures in response to a court ruling upholding a strict abortion ban.
- The GOP's strategy document plans to provide voters with alternatives to the Arizona for Abortion Access ballot measure.
- Republicans aim to constitutionalize existing laws to discuss abortion policy.
- The document outlines various scenarios, including 'Phase 1' and 'Phase 2' options for lawmakers.
Resurgent inflation looms over Joe Biden’s White House bid: Consumer prices are rising quickly at just the wrong time for the US president
ft.com/content/d8520a33-f202-4679-b6f7-99fe9e4fb3ae
The Eurozone economy is growing surprisingly strongly: The purchasing managers' index rose by 1.1 to 51.4 points, the highest value in eleven months ...
diepresse.com/18396920/wirtschaft-der-eurozone-waechst-ueberraschend-stark
Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...
thehill.com/business/4605828-mortgage-rates-top-first-time/
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Pressure builds on House Republicans to pass Senate foreign aid bill after Iran strikes
thehill.com/homenews/house/4593532-pressure-builds-on-house-republicans-to-pass-senate-foreign-aid-bill-after-iran-strikes/
Financial assets of private households at a record high: Overall, people in Germany have more financial assets than ever before. However ...
hna.de/wirtschaft/geldvermoegen-privater-haushalte-auf-rekordhoch-zr-93018343.html
Biden's new take on inflation: Trump would be worse: Biden's team knows there's not a lot it can do to lower it before the Nov. 5 election.
axios.com/2024/04/13/biden-trump-inflation-worse-tariffs
Quick Glance: Biden's New Perspective on Inflation: Trump Would Be Worse
- The White House warns that inflation would worsen if Trump is re-elected as a strategy to sway voters.
- March's inflation increase surpassed expectations, undermining Biden's claim of lowering prices.
- Rising oil prices due to geopolitical tensions could lead to higher gas prices, a concern for the White House.
- Biden emphasizes fighting inflation as top priority while experts debate the impact of his economic stimulus packages.
Food inflation across rich nations drops to pre-Ukraine war levels: Annual change in prices across 38 industrialised countries eased to 5.3% in February ...
ft.com/content/f51368f0-c157-451d-a231-b944fbe7e7a0
Quick Glance: Decline in Food Prices in Industrialized Countries
- Annual change in prices across 38 industrialized countries eased to 5.3% in February, according to the latest OECD data.
- Food inflation across rich nations has dropped to its lowest level since before Russia’s full-scale invasion of Ukraine, alleviating pressure on households affected by cost increases.
- The OECD is expected to address food prices as part of its comprehensive inflation update.
- The decrease in food price inflation was widespread in industrialized countries in February, with the latest OECD reading halved or almost halved from recent peaks.
Joe Biden’s approval rating on the economy is rising among US voters: FT-Michigan Ross poll finds president’s gains could be derailed by persistent fears over ...
ft.com/content/bdd37729-8225-4f52-ae88-a7edeb329bb5
US and India stoke hopes of global growth in 2024 : FT-Brookings Tiger index shows ‘positive omens’ for modest pick-up compared with last year
ft.com/content/7d1199bb-8283-49c3-801e-249938bcbae8
Consumer Prices Rose 3.5% in March From Year Earlier: Annual inflation ticked up and underlying price pressures remained strong last month. .
on.wsj.com/3VVaIeY
By almost 20 percent: gas prices in Germany are rising again: The regular VAT rate for gas has been in effect again in Germany since the beginning of April. This ...
n-tv.de/wirtschaft/Gaspreise-in-Deutschland-steigen-wieder-article24889291.html
43 Senate Republicans write to Schumer to demand Mayorkas trial: Forty-three Senate Republicans led by Sen. Lindsey Graham (R-S.C.) signed a letter to Senate ...
thehill.com/homenews/senate/4589048-republicans-schumer-mayorkas-trial/
Senate Democrats to dismiss Mayorkas charges, skip full impeachment trial: The lack of a full trial will snatch an opportunity from Republicans to go on the ...
axios.com/2024/04/09/senate-democrats-dismiss-mayorkas-impeachment
Quick Glance: Republicans delay hearing of DHS Secretary Mayorkas to next week
- The House plans to postpone the hearing of Homeland Security Secretary Alejandro Mayorkas to next week.
Small business optimism hits lowest level since 2012: NFIB: The NFIB's Small Business Optimism Index slid in March to its lowest level since December 2012 amid ...
foxbusiness.com/economy/small-business-optimism-hits-lowest-level-since-2012-nfib
Escalating Middle East tensions a fresh jolt to world markets: Reports of an Israeli attack on Iranian soil that possibly drags the Middle East into a deeper ...
reuters.com/markets/global-markets-middle-east-graphic-2024-04-19/
US employers added a surprisingly robust 303,000 jobs in March in a sign of economic strength
apnews.com/article/jobs-hiring-unemployment-economy-inflation-federal-reserve-1e456b8df0e11b218ed50f1ead6f6797
Quick Glance: US economy adds impressive 303,000 jobs last month
- Employers added 303,000 jobs in March, bringing the unemployment rate down to 3.8%.
- US stock futures rose slightly on Friday morning, but markets have had a rough week.
- The S&P 500 companies are expected to report positive first-quarter earnings, fueling optimism in the market.
- Investors are hopeful for a strong earnings season to continue the stock rally amidst concerns about inflation and interest rates.
If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...
smh.com.au/politics/federal/if-the-reserve-bank-were-a-football-coach-it-would-have-been-sacked-eons-ago-20240418-p5fkv9.html
Could interest rate hikes be keeping inflation high?: The stickiness of the post-pandemic inflation is raising questions about how effective high interest rates ...
thehill.com/business/4612114-could-interest-rate-hikes-be-keeping-inflation-high/
Johnson jams Schumer on TikTok ban: The possibility of a U.S. ban on TikTok is more real than ever.
axios.com/2024/04/18/tiktok-ban-law-bill-mike-johnson
Biden needs to face facts: He’s still losing to Trump : For President Biden and the Democrats, thing are looking ugly in November.
thehill.com/opinion/campaign/4604865-biden-needs-to-face-facts-hes-still-losing-to-trump/
WATCH: House of Representatives delivers Mayorkas articles of impeachment to the Senate
pbs.org/newshour/politics/watch-live-house-of-representatives-delivers-mayorkas-articles-of-impeachment-to-the-senate
How Risky Is Japan’s Monetary-Policy Normalization? | by Takatoshi Ito - Project Syndicate
project-syndicate.org/commentary/bank-of-japan-monetary-policy-normalization-risks-by-takatoshi-ito-2024-04
Hundreds of young supporters of Donald Trump lined up for his recent Green Bay, Wisconsin, campaign rally. The most common reason many are backing the former ...
reut.rs/49HtDgh
Iran attack prompts renewed call for aid to Israel, other U.S. allies: Senate Majority Leader Chuck Schumer on Sunday called on Congress to pass a stalled aid ...
nydailynews.com/2024/04/14/iran-attack-prompts-renewed-call-for-aid-to-israel-other-u-s-allies/
GOP senators, Manchin challenge SEC climate disclosure rule : Sen. Joe Manchin (D-W.Va.) joined a resolution from Sen. Tim Scott (R-S.C.) that aims to overturn ...
thehill.com/policy/energy-environment/4600576-manchin-sec-climate-disclosure-rule/
No Labels tried to find a new choice for president. But Haley, Manchin, Christie said no.
csmonitor.com/USA/Politics/2024/0405/no-labels-2024-president-third-party
Paid articlePaidQuick Glance: No Labels Ends 2024 Presidential Efforts
- No Labels, a group working towards establishing an independent presidential ticket in all 50 states in 2024, announced the cessation of its efforts.
- During its recruitment endeavors, the group faced rejection from at least a dozen candidates, including former New Jersey Governor Chris Christie, New Hampshire Governor Chris Sununu on the Republican side, and Senator Joe Manchin from West Virginia, along with former Massachusetts Governor Deval Patrick on the Democratic side, as reported by NBC News.
Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’
ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731
Poll: Election interest hits new low in tight Biden-Trump race: Amid a tight Joe Biden-Donald Trump race, the share of voters with high interest in the election ...
nbcnews.com/politics/2024-election/poll-biden-trump-tight-race-election-interest-low-rcna148170
Quick Glance: Poll: Election Interest Declines in Tight Biden-Trump Race
- The interest of voters in the election has reached the lowest point in two decades at this stage in a presidential race.
- The latest national NBC News poll reveals that the number of voters with high interest in the 2024 presidential election has nearly hit the lowest point in almost 20 years, with a majority holding negative views of President Joe Biden and former President Donald Trump.
- Inflation and immigration top the list of the country's most pressing issues, with only one-third of voters giving Biden credit for improving economic performance.
- The survey also highlights how the low voter interest and the independent candidacy of Robert F. Kennedy Jr. could potentially disrupt what has been a stable presidential contest with over six months until Election Day.
Chuck Schumer slams Trump’s abortion flip-flop as Arizona court upholds ban: The Senate majority leader called out Trump for his hard-to-pin-down stance on ...
nydailynews.com/2024/04/09/schumer-slams-trump-abortion-flip-flop/
Quick Glance: Arizona Republicans Block Efforts to Repeal 1864 Abortion Ban
- Democratic bills to repeal a 160-year-old abortion ban were blocked in the Legislature.
- Arizona's highest court decision upholding a 1864 abortion ban caused chaos and confusion.
- Democrats aimed to repeal the ban to protect women's health, facing hurdles in the Republican-controlled legislature.
- The uncertainty loomed over whether Republican leaders would allow immediate action on repealing the ban, despite pressure from Democrats and some Republicans.
Jamie Dimon warns rates could stay high as market mood shifts: JPMorgan chief says inflation could be ‘stickier’ than markets expect in annual letter to ...
ft.com/content/9c3b136c-79c0-4347-9cc9-b90e5489a85f
Quick Glance: Jamie Dimon warns of potentially prolonged high rates
- JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.
- Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.
- Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.
- Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
Few in new poll say Biden law has helped fight climate change: Very few Americans believe the Inflation Reduction Act (IRA), signed into law by President Biden ...
trib.al/XuRnSYN
BOJ to project inflation will stay around target, signal chance for rate hike: The Bank of Japan is expected to project inflation will stay around its 2% target ...
reuters.com/markets/asia/boj-project-inflation-will-stay-around-target-signal-chance-rate-hike-2024-04-22/
Chuck Schumer to "keep pressure on" Mike Johnson to pass Ukraine aid: "I believe that he understands the threat of further delaying the national ...
axios.com/2024/04/05/speaker-johnson-ukraine-aid-schumer-letter
Is it the right time to buy gold or wait as prices continue to soar: Is it the right time to buy gold as prices spiral?
timesofoman.com/article/144450-is-it-the-right-time-to-buy-gold-or-wait-as-prices-continue-to-soar
Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...
smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html
Basic tax-free allowance: 244,000 pensioners do not have to pay taxes: The basic tax-free allowance was increased at the turn of the year to compensate for ...
zdf.de/nachrichten/wirtschaft/rentner-deutschland-steuern-grundfreibetrag-100.html
Petrol and diesel back to nearly €2 a litre as drivers hit by biggest price rise this year
independent.ie/business/personal-finance/petrol-and-diesel-back-to-nearly-2-a-litre-as-drivers-hit-by-biggest-price-rise-this-year/a1753249448.html
Singapore core inflation eases more than expected to 3.1% in March: Both core and overall inflation dipped from the previous month and came in well below analyst ...
straitstimes.com/business/singapore-core-inflation-eases-more-than-expected-to-31-in-march
Biden administration raises costs to drill on public lands: The Interior Department finalized a rule Friday making it more expensive for oil and gas producers to ...
thehill.com/policy/energy-environment/4590251-biden-administation-raises-costs-drill-public-lands/
Quick Glance: Biden Raises Drilling Costs on Federal Lands, Trump Courts Oil Donors
- The Biden administration has finalized a new rule requiring oil companies to pay at least ten times more for drilling on federal lands to generate more revenue for taxpayers.
- While Trump discusses easing drilling regulations with energy executives, the US is historically pumping a lot of crude oil, complicating regulations for Trump and Biden's climate agenda.
- The rule mandates higher bonds and royalties for fossil fuels on federal lands to better compensate taxpayers and cover the costs of cleaning up abandoned wells.
- In addition to reshaping fossil fuel production on federal lands, the administration has advanced renewable energy development on these tracts and significantly reduced rents and fees for clean energy projects.
The Forever Stamp is forever rising in price. How does the U.S. cost compare globally?
npr.org/2024/04/12/1244273973/forever-stamp-cost-price-going-up-usps-postage
Mortgage rates hit highest level since November after hot inflation report: Mortgage rates jumped to their highest reading since November as the timeline for ...
thehill.com/business/housing/4585910-mortgage-rates-hit-highest-level-since-november-after-hot-inflation-report/
California restaurant will up wages to compete with $20 fast-food pay: "Why wash dishes for $15 or $17 if I can go get $20 flipping burgers at McDonald's ...
businessinsider.com/california-fast-food-20-minimum-wage-restaurant-raise-pay-compete-2024-4
Quick Glance: California eateries adjust wages to meet competition with $20 fast-food pay
- A restaurant owner in California plans to raise wages to compete with the $20 per hour pay for fast-food workers.
- Legislation is expected to drive up wages in various sectors as they strive to attract and retain employees.
- The increased minimum wages worsen the existing challenges faced by independent restaurants in California.
- Implementing price changes, cost-cutting strategies, and reduced operating hours could be potential measures to streamline operations.
Iran-Israel tensions: Can Iran's economy handle a war?: Iran is suffering from inflation, currency depreciation and the impact of international sanctions ...
dw.com/en/iran-israel-tensions-can-irans-economy-handle-a-war/a-68862368
International Monetary Fund: Germany in last place among industrialized nations (again)
spiegel.de/wirtschaft/unternehmen/internationaler-waehrungsfonds-senkt-erneut-wachstumsprognose-fuer-deutschland-a-49d8a54b-1dbe-4406-a72b-604e1115b2b4
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
What to know about Biden's latest attempt at student loan cancellation: President Biden is taking another shot at student loan cancellation, hoping to deliver on ...
richmond.com/news/nation-world/government-politics/student-loan-cancellation-biden-plan-explained/article_76583957-379d-5485-96a7-79d1316b242b.html
U.S. Mortgage Rates Jump Above 7% for the First Time This Year: Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent ...
nytimes.com/2024/04/18/business/mortgage-rates.html
Schumer expected to move quickly to dismiss Mayorkas impeachment: Senate aides say they expect Senate Majority Leader Chuck Schumer (D-N.Y.) to immediately ...
thehill.com/homenews/senate/4573379-senate-schumer-mayorkas-impeachment/
Apple removes WhatsApp and Threads from App Store under orders from China: The move comes amid growing U.S.-China tensions as Congress moves closer to a TikTok ...
axios.com/2024/04/19/apple-china-whatsapp-threads-app-store
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
Wall St Week Ahead Surging US energy shares reflect robust growth, inflation worries
reuters.com/markets/us/wall-st-week-ahead-surging-us-energy-shares-reflect-robust-growth-inflation-2024-04-12/
Why are auto insurance premiums so high? Blame inflation and a few other factors: Wednesday's inflation report showed consumer price growth continues to drift ...
nbcnews.com/business/consumer/auto-insurance-premiums-costs-high-prices-inflation-explainer-rcna147204
'Perfect storm' brings €2 per litre fuel back in prospect: €2 per litre fuel prices are firmly back in sight following the recent restoration of excise ...
rte.ie/news/business/2024/0421/1444470-perfect-storm-as-2-per-litre-fuel-back-in-prospect/
US inflation jumps as fuel and housing costs rise: Inflation was 3.5% in March, a sign that cooling has stalled and interest rate cuts may be delayed.
bbc.com/news/business-68781482
Schumer stares down to-do list as November looms: Senate Majority Leader Chuck Schumer (D-N.Y.) is staring down a tricky to-do list as he looks to navigate the ...
trib.al/cm2eM9n
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