Aug 26 Inflation eased in July as consumer prices and income rose By Paul Wiseman, Associated Press Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve. Continue reading
Aug 26 Federal Reserve’s inflation fight could bring ‘pain’ and job losses warns Powell By Chris Rugaber, Associated Press Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is determined to fight inflation with more sharp interest rate hikes, which will likely cause pain for Americans in the form of a weaker economy and job losses. Continue reading
Aug 26 WATCH: Federal Reserve Chair Powell warns interest rates could increase ‘for some time’ By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades. Continue reading
Aug 25 Environmental groups sue EPA over ‘inadequate’ regulation of coal ash dumps By Travis Loller, Associated Press A lawsuit filed in federal court in Washington D.C. on Thursday seeks to compel the EPA to review and revise regulations plaintiffs say are "inadequate to protect human health and the environment."… Continue reading
Aug 25 Labor board files complaint against Starbucks for withholding raises from unionized stores By Dee-Ann Durbin, Associated Press The National Labor Relations Board says Starbucks is violating U.S. labor law by withholding pay hikes and other benefits from stores that have voted to unionize. Continue reading
Aug 25 Why UK energy bills are skyrocketing By Sylvia Hui, Associated Press A cost-of-living crisis in Britain is about to get worse. Millions of people are expected to pay about 80 percent more a year on their household energy bills starting in October. Continue reading
Aug 25 Watch 5:42 News Wrap: California moves to eliminate most sales of gasoline-powered vehicles by 2035 By PBS NewsHour In our news wrap Thursday, California moves to eliminate most sales of gasoline-powered vehicles by 2035, President Biden calls for Russia to return a nuclear plant to Ukraine's control, a court rules Pakistan's former prime minister cannot be arrested until… Continue watching
Aug 25 Watch 8:33 Sen. Elizabeth Warren weighs in on Biden’s student loan forgiveness plan By PBS NewsHour President Biden's plan to cancel some student debt for millions of Americans is drawing praise but also criticism. Some say it goes too far while others say it doesn't do enough to address the high cost of college. Sen. Elizabeth… Continue watching
Aug 25 Watch 7:22 Burgeoning salmon farming industry sparks controversy over pollution and sustainability By Miles O'Brien, Kate Tobin There has been a growing appetite around the world for fish. But that growth in demand is raising all kinds of questions and concerns for the industry about sustainability and impact. Science correspondent Miles O'Brien has the first of a… Continue watching
Aug 25 This New Orleans food bank opened to serve more people. Inflation is forcing organizers to turn dozens away By Roby Chavez Inflation, supply chain issues, and rising gas prices impact food pantries across Louisiana. Some are now faced with imposing limits on grocery giveaways, turning people away, and even canceling food distribution. Continue reading