Jan 28 Burkina Faso at risk for more unrest after coup By Sam Mednick, Associated Press Already there appear to be tensions between the military and gendarme security forces. There is also the risk that some elements within the military could stage a counter-coup against the junta now leading the West African country. Continue reading
Jan 28 State and local governments see rebound after billions of dollars in losses during pandemic By David A. Lieb, Camille Fasset, Associated Press State and local governments lost at least $117 billion of expected revenue early in the pandemic, according to an Associated Press analysis, but many are now awash in record amounts of money, boosted partly by federal aid. Continue reading
Jan 28 A key inflation gauge rose 5.8 percent in 2021, most in 39 years By Associated Press At the same time, incomes rose 0.3% last month, providing fuel for future spending. Continue reading
Jan 26 Watch 8:43 The Fed aims to clamp down on inflation with rate hikes. Will it work? By PBS NewsHour The Federal Reserve is shifting its approach to the economy and monetary policy. It's a major change after holding interest rates at near zero levels. Given the pandemic, it's not without its own risks. But the Fed chairman said the… Continue watching
Jan 26 Biden cancels Trump-era lease renewals for proposed Minnesota mine By Dave Kolpack, Associated Press The reversal ordered Wednesday follows an October decision to move forward with a study that could lead to a 20-year ban on mining upstream from the Boundary Waters Canoe Area Wilderness. Continue reading
Jan 26 WATCH: Federal Reserve plans to raise rates as soon as March to cool down inflation By Christopher Rugaber, Associated Press The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation. Continue reading
Jan 25 U.S. warns that computer chip shortage could shut down factories By Associated Press The chips used in the production of automobiles and medical devices are especially scarce. The department said demand for chips was up 17 percent last year from 2019. Continue reading
Jan 25 U.S. sues to block Lockheed Martin's purchase of Aerojet By Associated Press The Biden administration is suing to block a Lockheed Martin acquisition that it says would limit competition among companies that supply missiles to the Pentagon. Continue reading
Jan 25 IMF projects slower growth for world economy as inflation rises By Paul Wiseman, Associated Press The International Monetary Fund is downgrading its forecast for the world economy this year. Continue reading
Jan 24 Watch 7:02 What's behind the current stock market volatility? By Amna Nawaz At one point Monday, the Dow Jones was down more than a thousand points and the S&P 500, which is a wider gauge of the stock market, fell into correction territory — a drop of 10 percent from its previous… Continue watching