Wage growth remains stubbornly high – what does it mean for interest rates? Today’s wage growth figures came in higher than expected, but there are signs that the labour market is cooling. What does it mean for inflation and interest rates? 05/14/2024 - 3:10 am | View Link
Strong Economy, Low Unemployment, and Higher Job and Wage Growth Extend Social Security Trust Funds to 2035 · The total annual cost of the program is projected to exceed total annual income in 2024 and remain higher throughout the 75-year projection period. Total cost began to be higher than total income in ... 05/14/2024 - 1:20 am | View Link
High interest rates are hitting poorer Americans the hardest High interest rates haven’t crashed the financial system, set off a wave of bankruptcies or caused the recession that many economists feared. 05/13/2024 - 11:05 pm | View Link
Trump has promised an immigration crackdown if reelected. That could backfire on the economy If voters return former President Donald Trump to the White House, he’s promised to launch an unprecedented crackdown on immigration and even conduct mass deportations. 05/13/2024 - 11:01 pm | View Link
Higher wage growth has not fuelled inflation – but it will if productivity does not improve Despite stronger real wage growth, productivity - which measures workers' output per hour - has actually deteriorated in the past year. 05/13/2024 - 3:00 am | View Link
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Even before the White House announced last month that President Joe Biden would deliver one of his two commencement speeches this graduation season at Morehouse College in Atlanta, the prestigious historically Black college was seeing signs of the same political unrest that was bubbling up at dozens of colleges and universities across the country.
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But Morehouse is no Columbia.
Several allies of former President Donald Trump have shown up at the Manhattan courthouse to support him while he’s on trial.
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Attendees at Trump’s hush-money trial have so far included the Republican House Speaker, several members of Congress, state attorneys general, and two of Trump’s former presidential primary opponents.
Alice Munro, the Nobel Prize-winning Canadian author who perfected the art of the contemporary short story, died on Monday, May 13, Penguin Random House Canada has confirmed. She was 92 years old.
In 14 short story collections, including The Beggar Maid; Hateship, Friendship, Courtship, Loveship, Marriage; and Dear Life, the author captured the familiar quandaries and complications of everyday life.
As toxic as American democracy has become in 2024, it’s far more functional today than it was the 1800s when the shadowy bosses of political machines vied for power and profit. Until recently, modern politics has been comparatively civilized thanks to determined reformers who established laws and institutions that reduced corruption and promoted democratic principles.
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This history reminds us of the importance of safeguards for the functioning of democracy and highlight the danger of Donald Trump’s plans to dismantle them with his 2024 presidential bid.
Dozens of Red Lobster locations are closing their doors amid financial difficulties for the restaurant chain, including several in New York and New Jersey, according to a restaurant liquidator.
At least 48 locations in 21 states will be shutting down, and TAGeX Brands will be conducting an online auction to sell inventory from the closures, including kitchen equipment and furniture.
A portal linking New York City to Dublin via a livestream has been temporarily shut down after inappropriate behavior ensued, according to the Dublin City Council.
Less than a week after the 24/7 visual art installation was put in place, officials have opted to close it down temporarily after people began to flash each other, grind on the portal, and one person even shared pictures of the twin tower attack to people in New York City.