You heard from Alex on that topic recently, here is my contribution in the form of a Bloomberg column: According to new research from economists at the University of Oregon and the University of St. Gallen in Switzerland, new low-skilled immigrants to the US are a net fiscal plus — each adding an estimated $750 a … Read more
Authored by Ellen Wan via The Epoch Times (emphasis ours), Enjoying a cup of joe can offer more than just a pick-me-up: It has been shown to have numerous health benefits, especially for older people. Research has found that the natural molecule in coffee, trigonelline, can help improve sarcopenia (age-related muscle loss) and maintain muscle … Read more
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. Joe Biden’s re-election prospects are being dogged by persistent fears over inflation, with 80 per cent of voters saying high prices are one of their biggest financial challenges, according to a new poll for the … Read more
* Defensive stocks are driving the current market rally* 30-year mortgage rate drops for the first time in four weeks* Long delays between Fed actions tend to be good for stocks* UK economic activity rebounds as country exits recession* US jobless claims rise to highest level since August: China trade is falling … Read more
Niels Bohr once said: “It is difficult to make predictions, especially about the future.” I say: Prediction is not about the future, it’s about the present. Now that I’m fairly old, I can look back on a wide range of visions of the 21st century, many of which now seem obsolete. Here are just a … Read more
Conor here: As the following piece notes, of the roughly 100 million Americans in healthcare debt, 12 percent attribute at least some of it to pregnancy or childbirth. And the family at the center of the story decided theirs was large enough at three. Elsewhere, we have further downward revisions of the US population forecast: … Read more
Manufacturing employment is up relative to 3 years ago. Why so much dissatisfaction? Figure 1: Employment in manufacturing, 000’s, s.a. (blue). Source: BLS. Year-on-year through March, manufacturing employment is up 1.6% (log terms). Real wages are up as well, although only recouping 2020M11 levels recently (but exceeding pre-pandemic levels), while hours are down vis-a-vis peak … Read more
Just to confirm:– Climate change is unprecedented risk– Mass adoption of EVs is vital– Adoption has slowed bc lack of low-priced options– US companies unable/unwilling to make low-priced EVs– China is global leader in low-priced EVs– US to hit China with 100% EV tariffs — John Arnold (@JohnArnoldFndtn) May 12, 2024 Source Link
Via Middle East Eye Israeli tanks have moved into eastern Jabalia in northern Gaza following a night of intense bombardment, which has killed some 19 Palestinians and flattened residential blocks, according to health officials. Israeli fire targeted ambulances near the camp’s Unrwa clinic, Wafa news agency is reporting. The Israeli army said that the latest … Read more
This article is an on-site version of our The Week Ahead newsletter. Subscribers can sign up here to get the newsletter delivered every Sunday. Explore all of our newsletters here Hello and welcome to the working week. The top political story in the US continues to be former president Donald Trump’s trial in Manhattan on … Read more