Dec 13 Lebanon’s currency continues to tank amid economic collapse By Associated Press The economic collapse has been described as one of the worst in the world in over 150 years. Inflation and prices of basic goods have skyrocketed in Lebanon, which imports more than 80 percent of its basic goods. Continue reading
Dec 13 Biden aims to cut bureaucratic runaround for government services By Josh Boak, Associated Press Monday's order will attempt to streamline a broad range of services: renewing passports, applying for Social Security benefits, getting aid after natural disasters and much more. Continue reading
Dec 12 Watch 6:17 Climate change threatens Michigan’s Fishtown and its historic shanties By Hari Sreenivasan, Aaron Martin, Laura Fong Preservationists in a tiny lakeside community in Michigan are using new approaches to fight the threat of flooding caused by climate change. While the fishing industry has struggled in the region, saving the historic buildings in Fishtown is critical to… Continue watching
Dec 12 Inflation is painfully high, but some relief may be coming By Stan Choe, Cathy Bussewitz, Associated Press Prices have dropped on global markets for crude oil and natural gas, which is filtering into lower prices at the pump and for home heating. That should keep inflation somewhat in check, even if prices keep rising elsewhere in the… Continue reading
Dec 10 Watch 5:35 How the WH plans to tackle inflation, and how the Build Back Better bill may ease pressure New data released by the U.S. Department of Labor Friday show consumer prices are surging at a rate not seen in almost four decades. Inflation is up 6.8 percent in November as compared to last year, due in large part… Continue watching
Dec 10 U.S. government deficit down 17 percent from same period a year ago By Martin Crutsinger, Associated Press The improvement reflected government revenues that have been rising at a faster pace than spending over the past two months. Continue reading
Dec 10 Thousands in Oregon face eviction as lawmakers scramble to find solutions By Sara Cline, Associated Press Oregon has a higher rate of people experiencing homelessness than nearly every other state in America. A 2020 federal review found that 35 people in Oregon are experiencing homelessness per 10,000. Continue reading
Dec 10 Why U.S. inflation is so high, and when it may ease By Paul Wiseman, Associated Press For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn't stay long. Yet as any American who has bought a carton… Continue reading
Dec 10 U.S. consumer inflation jumps 6.8 percent in past year, most in almost 40 years By Martin Crutsinger, Associated Press Prices for U.S. consumers jumped 6.8 percent in November compared with a year earlier as surging costs for food, energy, housing and other items left Americans enduring their highest annual inflation rate since 1982. Continue reading
Dec 09 EU plans to improve conditions for gig economy workers by classifying them as employees By Kelvin Chan, Associated Press Under the rules, which still need approval, a platform that meets at least two criteria will be deemed an "employer" and people working for that company will be reclassified as "workers" with the right to a minimum wage, paid vacation,… Continue reading