Africa's less than 6% vaccination rate and lack of mask-wearing makes it "one of the least [Covid-19] affected regions in the world," according to the World Health Organization.
Slapped on a gas pump next to the digital meter display, the stickers tell a simple, powerful story: Today’s gasoline prices, the highest in years, are courtesy of the commander in chief.
Central banks have not merely inflated the bejesus out of assets prices. They have also caused the very foundations of financial markets to metastasize, yielding an endless array of new products that have no real economic function except to facilitate new forms of pure wagering.
President Joe Biden has picked Federal Reserve Chair Jerome Powell to serve a second four-year term at the helm of the central bank, while nominating Lael Brainard, the only Democrat on the Fed’s seven-member board, to serve as second-in-command at the Fed.
Inflation outstripped forecasts and surged above 4 per cent last month to hit its highest level in almost a decade as spiralling energy prices pushed up the cost of living.
In August, 4.3 million people — a record number — quit their jobs for a variety of reasons. It was believed that once the labor market began to settle down after the disruptions caused by the pandemic those numbers would ease and the demand for work would catch up with the supply of jobs.
