Sen. Ron Johnson (R-Wis.) illustrated in a statement on Sept. 20 how soaring inflation has eroded Americans’ purchasing power, pointing out in stark terms that $1 at the start of the Biden administration is now effectively worth just 88.3 cents.
Traditional reserve currencies like the US dollar and the euro have lost their credibility as a basis for international settlements, Russian President Vladimir Putin said on Wednesday.
As pandemic eviction moratoriums expire and rent payment relief programs end across the U.S., a rental crisis is beginning to crest.
About 8.5 million people...
The Inflation Reduction Act, passed by both houses, includes a 15 percent corporate minimum tax, which will be a major step toward increased government powers and forced globalization on top of being detrimental to the economy.
Several Republican state attorneys general informed asset manager BlackRock last week that its shareholder activism efforts “may violate multiple state laws.”
Americans for Tax Reform (ATR) has listed several taxes in the so-called “Inflation Reduction Act” that passed the Senate on Sunday — which Democrats now hail as a “climate” bill, since the Congressional Budget Office says it will hardly reduce inflation.
Nearly half of American adults are having trouble paying for basic household necessities, new Census Bureau data show, a sign of continued struggling amid economic turmoil and record-high inflation.
