Dec 22 Why Build Back Better likely wouldn’t drive up inflation, according to an economist By Michael W. Klein, The Conversation One of Sen. Joe Manchin’s main concerns in deciding to pull his support for President Joe Biden’s Build Back Better plan is that it would drive up inflation. Here’s why one economist thinks those concerns are misguided. Continue reading
Dec 21 Kellogg strike comes to a close after workers ratify new labor contract By Associated Press Kellogg said Tuesday that the new contract provides immediate, across the board wage increases and enhanced benefits for all. It also provides an accelerated, defined path to top-tier wages, a major sticking point for workers. Continue reading
Dec 21 Omicron casts shadow over economy’s pandemic recovery By Paul Wiseman, Anne D'Innocenzio, Associated Press A heightened sense of anxiety has begun to erode the willingness of some people and some businesses to carry on as usual in the face of the extraordinarily contagious omicron variant. Continue reading
Dec 20 Moms have made it work during the pandemic — but at what cost? By Megan McGrew, Molly Finnegan The worry that the coronavirus will upend life at any moment has never let up for families. Continue reading
Dec 20 Biogen cuts the price tag on its Alzheimer’s drug in half By Tom Murphy, Associated Press Biogen is slashing the price of its Alzheimer's treatment months after the drug debuted to widespread criticism for an initial cost that can reach $56,000 annually. Continue reading
Dec 20 Trump sues New York attorney general in an effort to end civil probe By Michael R. Sisak, Associated Press Former President Donald Trump sued New York Attorney General Letitia James on Monday, seeking to end her civil investigation into his business practices. Continue reading
Dec 19 Watch 7:23 Miracle Money: How a guaranteed income fund is helping San Francisco’s homeless By Zachary Green, Jennifer Winter Guaranteed income pilot programs are sweeping the country, but until recently, few, if any, of them have addressed the issue of homelessness. Now, a new program called Miracle Money in San Francisco has already given 14 unhoused people $500 a… Continue watching
Dec 19 Watch 4:46 Prices for new and used cars skyrocket leading up to the holidays By PBS NewsHour With the auto industry still reeling from a computer chip shortage and low production due to COVID-19 shutdowns, rising car prices show no signs of abating soon—and consumers are bearing the brunt of it, with record high average asking prices… Continue watching
Dec 19 Restaurants anxious as omicron, high food costs take toll By Dee-Ann Durbin, Mae Anderson, Sylvia Hui, Associated Press Many businesses said hundreds of festive corporate lunch bookings vanished almost overnight as infections began to soar and Johnson announced tighter restrictions, including mandatory mask-wearing in most indoor spaces, though restaurants are open as usual. Continue reading
Dec 19 Sen. Joe Manchin says no to $2T bill: ‘I can’t vote for it’ By Hope Yen, Associated Press The West Virginia senator cited a multitude of factors weighing on the economy and the potential harm he saw from pushing through the “mammoth” bill, such as persistent inflation, a growing debt and the latest threat from the omicron variant. Continue reading