Nov 13 Watch 10:29 Busy shops, fewer workers: Portland grapples with post-pandemic reality By Christopher Booker, Sam Weber Last year, Portland, Maine, was struggling to prepare for an economic winter of uncertainty. A push of late fall warmth had given downtown restaurants and businesses a boost following a dreadful summer. One year later, the story has changed entirely… Continue watching
Nov 12 For 2nd straight month, Americans quit jobs at a record pace By Christopher Rugaber, Associated Press Americans quit their jobs at a record pace for the second straight month in September, while businesses and other employers continued to post a near-record number of available jobs. Continue reading
Nov 11 Watch 9:16 Trump-era Opportunity Zones meant to help low-income communities exploited by investors By Paul Solman, Lee Koromvokis Former President Donald Trump's 2017 tax plan created Opportunity Zones — a program of tax incentives to encourage investment in low-income communities. But as Paul Solman reports, that program has not necessarily spurred economic growth and jobs in distressed communities… Continue watching
Nov 11 Biden bill includes boost for union-made electric vehicles By Kevin Freking, Associated Press President Joe Biden and Democrats in Congress are looking to give U.S. automakers with union employees the inside track when it comes to winning the burgeoning electric vehicle market. Continue reading
Nov 11 U.S. urges citizens to leave Haiti amid turmoil, fuel shortage By Evens Sanon, Associated Press The U.S. government is urging U.S. citizens to leave Haiti because of the country's deepening insecurity and a severe lack of fuel. That shortage has affected hospitals, schools and banks. Continue reading
Nov 10 Watch 9:16 What's driving U.S. inflation and how price pressures could be reduced By Lisa Desjardins, Amber Partida New numbers show an inflationary wave is still building in the U.S. economy. The labor department reports consumer prices jumped more than six percent in October as compared to a year ago — the biggest increase in 31 years. Catherine… Continue watching
Nov 10 How the supply chain caused current inflation, and why it might be here to stay By Craig Austin, The Conversation Inflation soared 6.2% in October from a year earlier, the fastest pace since 1990. Continue reading
Nov 10 How the pandemic has affected the economy, from empty shelves to higher prices By Alberto Cavallo, Oleksiy Kryvtsov, Econofact COVID supply disruptions, evident in product shortages at the retail level, were an important driver of inflation a year after the start of the crisis. Continue reading
Nov 10 WATCH: Biden says infrastructure bill will ease economy woes with time By Josh Boak, Colleen Long, Associated Press President Joe Biden touted his $1 trillion infrastructure plan Wednesday as an eventual fix for the nation's inflation and supply chain woes -- if Americans just have the patience to wait for the construction to begin. Continue reading
Nov 10 U.S. consumer prices spiked 6.2 percent in past year, highest inflation rate since 1990 By Christopher Rugaber, Associated Press Driving the price spikes are persistent supply shortages resulting from robust consumer demand and COVID-related factory shutdowns coming out of the pandemic recession. Continue reading