Economy

The Labor Shortage Is Worse Than It Looks, and Help Is Not on the Way

For Fadi Achour, the general manager at Delta Hotels in suburban Detroit, September can’t come soon enough. He is operating with less than half his normal staff. Room service and overnight cleaning has been nixed. The restaurant has limited hours and a bare-bones menu.

Gov. Cuomo Begs Businesses To Return To NYC After Harsh Shutdowns

New York Gov. Andrew Cuomo (D) is pleading for citizens and businesses to return to the Big Apple after implementing harsh COVID restrictions for more than a year. During a recent virtual conference with the Association for a Better New York, Cuomo urged companies to bring employees back to working in person.

‘Inflation Storm’ Looms as Expectations Hit 13-Year High, Consumer Sentiment Sinks

Americans expect more inflaton this year and remain uneasy about the direction of the economy, the University of Michigan’s survey of consumers showed Friday.

Stocks slide as Amazon weighs down tech sector

Amazon Inc.'s revenue topped $100B for third straight quarter.

Authoritarians Drunk on Power: It Is Time to Recalibrate the Government

It is time to recalibrate the government.

U.S. economy grew at a 6.5% rate last quarter, missing expectations

The U.S. economy grew at an annualized 6.5% rate last quarter, the government said Thursday — slower than the 8.4% economists expected.

Trump: ‘Loser’ Infrastructure Bill Makes GOP ‘Look Weak, Foolish, and Dumb’

President Trump released a statement on Wednesday criticizing the $1.2 trillion infrastructure bill set to be voted on in the U.S. Senate.

GOP Rep. Ted Budd pushes bill for White House staff to take a course on inflation

member of President Biden‘s staff to take a financial literacy course on inflation before the White House could receive further funding.

Dem-sponsored changes to death taxes could cost almost 1M US jobs, study finds

Republicans and Democrats are at odds over ending the stepped-up basis provision.

World Investors Pouring Record $900 Billion into U.S. Funds

Global money managers funneled nearly $1 trillion into U.S. financial assets in the first half, signaling the American economy is primed to dominate post-COVID markets.

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