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Economy
Opinion | Fighting Inflation Means Taking On Corporations
They all spoke out against efforts by William McChesney Martin, the Fed chairman, to raise interest rates. Martin famously asserted his independence and raised rates anyway; as he saw it, the job of the Federal Reserve was “to take away…
The data that shows Boomers are to blame for the labor shortage
One of the more insidious myths making the rounds this year was that young people didn't want to work because they were getting by just fine on government aid. People had too much money, went the narrative from a handful of politicians…
U.S. weighs lifting summer smog rules to lower gasoline prices
WASHINGTON, June 23 (Reuters) - U.S. Energy Secretary Jennifer Granholm expressed interest in potentially lifting smog-fighting gasoline regulations and backed off a plan to ban fuel exports during an emergency meeting on Thursday with…
Goldman Sachs cuts US economic forecast after Joe Manchin rejects Build Back Better
The Wall Street firm told clients Sunday it no longer assumes President Joe Biden's signature legislation will get through the narrowly divided Congress, citing the West Virginia Democrat's announcement that he's a "no" on the $1.75…
At a Paris Market, Costs Rise, Even for the Humble Baguette
PARIS — At the Marché d’Aligre, a bustling open-air food and antiques market in the Bastille district of central Paris, Mohamed Sharif grabbed a piece of chalk and reluctantly marked up the price of the fragrant Valencia clementines that…
‘There’s jobs but no money’: Turkey’s economic crisis begins to bite
In a jewellery shop close to Istanbul’s Taksim Square, Seda unzips an elegant black leather pouch and piles her gold jewellery on the counter to discuss selling it all. The shop owner gently places gold chains, rings and a pendant on a…
Jobs Aplenty, but a Shortage of Care Keeps Many Women From Benefiting
A dearth of child care and elder care choices is causing many women to reorganize their working lives and prompting some to forgo jobs altogether, hurting the economy at a moment when companies are desperate to hire, and forcing…
As Russian Troops Mass in Belarus, a Ukraine Border Is Largely Undefended
NOVI YARYLOVYCHI BORDER CROSSING, Ukraine — On the other side of this border in northern Ukraine, not visible through the thick pine and birch forests that crowd the E-95 highway but noticeable to passing truckers, a force is gathering…
Thousands of Chinese influencers are rushing to settle their back taxes as the country’s
Top Chinese live streamer Viya was fined $210 million for tax evasion.Chen Zhongqiu/VCG/Getty ImagesMore than 1,000 live streamers have stepped forward to pay back taxes before a year-end deadline.Chinese authorities said in September…
Biden officials weighing Russia sanctions options after warnings about economic fallout,
One concern is that those negative effects could boomerang back onto the US during an election year, sources told CNN. But others in the administration believe the tough sanctions being weighed would have a manageable impact on the US,…