Economy

I Tried and Failed to Get Jeff Bezos to Save My Hometown

Jeff Bezos will not save the paper mill and—by extension—the local economy in the town of Wisconsin Rapids, but at least he considered the idea thanks to entrepreneur Justin Vandehey. Writing for Entrepreneur, Vandehey explains he has some credibility in the tech startup arena but no experience with paper, politics, or economics. What he does …

I Tried and Failed to Get Jeff Bezos to Save My Hometown Read More »

Michigan’s minimum wage increases on Jan. 1, but legal challenges remain

Michigan’s minimum wage is set to increase starting Jan. 1, 2023 for both regular minimum wage employees, tipped employees and training wages. According to the Michigan Department of Labor and Economic Opportunity, the increases are set by the Michigan Improved Workforce Opportunity Wage Act of 2018. The minimum wage will increase from $9.87 per hour …

Michigan’s minimum wage increases on Jan. 1, but legal challenges remain Read More »

My Favorite Investment Writing of 2022 – Of Dollars And Data

With 2022 coming to a close, it’s time for my annual tradition of gathering my favorite investment writing of the year. I started this tradition in 2017, and have continued it ever since (2018, 2019, 2020, 2021). However, unlike previous years, 2022 was painful for investors of all types. Stocks fell, bonds fell, and crypto …

My Favorite Investment Writing of 2022 – Of Dollars And Data Read More »

US debt explosion funded by Americans, not foreign countries, posing risks to economic growth

Fox News contributor and The King’s College economics professor Brian Brenberg reacts to November’s ADP report. The explosion in US government borrowing over the last 15 years has been fueled not by lending from China and Japan but through the purchase of treasuries by US financial institutions, state governments and other domestic entities. Experts said …

US debt explosion funded by Americans, not foreign countries, posing risks to economic growth Read More »

Bank of America CEO: jobs report supports ‘mild’ recession prediction

Bank of America CEO Brian Moynihan is sticking to his earlier predictions that a US recession, if it comes, won’t be as bad as people fear. “How could you have an unemployment-less recession?” Moynihan asked on CBS News’s Face the Nation program on Sunday, citing the 263,000 new jobs reported in the US jobs report …

Bank of America CEO: jobs report supports ‘mild’ recession prediction Read More »

“BOJ may ditch yield cap next year as inflation perks up-academic”

A piece from Reuters, citing: Takeo Hoshi, an academic with close ties to incumbent central bank policymakers. Is an economics professor at the University of Tokyo. He says: The BOJ must maintain ultra-loose policy for the time being to convince the public that it is serious about reflating the economy long enough to generate sustained …

“BOJ may ditch yield cap next year as inflation perks up-academic” Read More »

Live news: UK grocery price inflation eases for the first time in 21 months

Students at Scientia Secondary School in Hong Kong watch a memorial service for the late Chinese leader Jiang Zemin © Peter Parks/AFP/Getty Images Chinese state media emphasized Jiang Zemin’s credentials as a Marxist “revolutionary” as a state memorial for the former leader began and official organs struck a delicate balance in remembering one of the …

Live news: UK grocery price inflation eases for the first time in 21 months Read More »

Brothers accused of swindling $7 million in coronavirus-related loans for some 70 fake businesses, all registered in Euclid

CLEVELAND, Ohio— Three brothers are accused of swindling the federal government out of some $7 million in small-business loans and grants aimed at helping companies survive the coronavirus pandemic. Zaur Kalantarli, Ali Kalantarli and Aydin Kalantarov created some 70 fake businesses, all with the same address in Euclid, that claimed to farm organic food. The …

Brothers accused of swindling $7 million in coronavirus-related loans for some 70 fake businesses, all registered in Euclid Read More »

Expect to pay a little more for your Christmas tree this year

Inflation is affecting the price of just about everything we buy, and Christmas trees are no different. Inflation is impacting the price of just about everything we buy, and Christmas trees are no different. Farmers say you should expect to pay a little more for your tree this year. In some cases, there aren’t enough …

Expect to pay a little more for your Christmas tree this year Read More »