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U.S. unemployment claims rise after hitting pandemic low

The number of Americans seeking unemployment benefits moved up last week to 332,000 from a pandemic low, a sign that worsening COVID-19 infections may have slightly increased layoffs.

Inflation surges as prices spike 5.3 percent, settling at high pace

Inflation continued to surge in August, but appeared to settle at nearly the fastest pace in almost 13 years as the economy continues to emerge from the pandemic, the feds said Tuesday.

Defense contractors generated $7.35 trillion since 9/11

Like many human tragedies, 9/11 was great news for defense contractors. Over the course of the past 20 years, they've brought in a stunning $7.35 trillion in revenue, according to a Defense News database. The overwhelming majority of that money came from the Pentagon.

A Legacy of Corruption in the FDA and Big Pharma

Our healthcare system is broken, a fact nobody would have disputed in precovid days. Regulatory capture is a reality, and the pharmaceutical industry is fraught with examples. Yet we trusted private-public partnerships to find an optimal solution to a global pandemic, assuming a crisis would bring out the best in historically corrupt institutions.

Big Tech companies shift to making semiconductors in-house

Some of the largest tech companies have decided to respond to the semiconductor shortage by designing their chips internally. Tech analysts and business people have spoken about the semiconductor shortage and how the coronavirus pandemic has severely drained the resources required to make the chips and parts needed for everyday electronic devices.

Biden unemployment benefits slowed economic recovery

'Often paid better than working'

Google facing another EU antitrust probe over market dominance

According to an MLex reporter’s tweet on Thursday, the European Commission (EC) is to investigate whether Google forced device manufacturers to install Google Assistant as the default voice software on Android devices.

Recall the California Ideology

A careening Golden State is heading for a colossal train wreck. Voters will have to pick between the incompetent engineer or the private passenger rushing into the cab to get the engine back on track.

PayPal to acquire Japanese “buy now, pay later” firm Paidy for $2.7 billion

Nasdaq: PYPL) agreed to acquire Paidy, a Japanese installment payments enabler, for around $2.7 billion.

Biden’s energy-climate agenda facing 5 big problems

'Oil obviously has no alternative'

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