Economy

Alex Jones tries to dodge Sandy Hook reckoning with bankruptcy gambit

Alex Jones tries to dodge Sandy Hook reckoning with bankruptcy gambit

Infowars’ Alex Jones is back in bankruptcy court … again. Why it matters: For the second time this year, the right-wing provocateur is testing the boundaries of how the US bankruptcy code can be used by companies — and their owners — to limit the cost of litigation damages. Catch-up fast: Jones and his Infowars …

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New York Times' Paul Krugman blasted for touting 'Biden boom'

New York Times’ Paul Krugman blasted for touting ‘Biden boom’

New York Times economic columnist Paul Krugman got blasted on social media on Tuesday after he insisted the US economy is enjoying a “Biden boom” — despite a recession and record levels of inflation. The Nobel Prize-winning professor posted a chart comparing the cumulative number of jobs added during the first two-and-a-half years of President …

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China blocks some Taiwan imports but avoids chip disruptions

China blocks some Taiwan imports but avoids chip disruptions

BEIJING (AP) — China blocked imports of citrus, fish and other foods from Taiwan in retaliation for a visit by a top American lawmaker, Nancy Pelosi, but has avoided disrupting one of the world’s most important technology and manufacturing relationships. The two sides, which split in 1949 after a civil war, have no official relations …

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Congress Is Giving Billions to the Chip Industry.  Strings Are Attached.

Congress Is Giving Billions to the Chip Industry. Strings Are Attached.

It’s an embrace of industrial policy not seen in Washington for decades. Gary Hufbauer, a nonresident senior fellow at the Peterson Institute for International Economics who has surveyed US industrial policy, said the bill was the most significant investment in industrial policy that the United States had made in at least 50 years. 8 Signs …

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New Yorkers answer whether US is experiencing recession as White House and media spin numbers

New Yorkers answer whether US is experiencing recession as White House and media spin numbers

NEWYou can now listen to Fox News articles! New Yorkers were largely split in their opinion of whether the US economy is currently experiencing a recession, a contrast from left-leaning media outlets united in their belief that the country is not experiencing an economic downturn. “I don’t think we’re in a recession,” one New Yorker …

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Inflation Reduction Act would lead to $1,800 in savings for average household, analysis finds

Inflation Reduction Act would lead to $1,800 in savings for average household, analysis finds

Sweeping climate and health care legislation unveiled by Democrats last week would lead to significant cuts in energy costs for American households, according to a new analysis. A report by non-profit group Rewiring America found that the tax incentives included as part of the $369 billion dedicated to climate initiatives in the Inflation Reduction Act …

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Bank of England set for biggest rate hike in 27 years as inflation soars

Bank of England set for biggest rate hike in 27 years as inflation soars

LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England. The Bank is expected to hike interest rates for a fifth consecutive meeting on Thursday, but faces a tough balancing act between supporting growth and curbing inflation. Dan …

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The housing market correction takes an unexpected turn

The housing market correction takes an unexpected turn

The Federal Reserve has a simple inflation-fighting playbook. It goes like this: Keep applying upward pressure on interest rates until business and consumer spending across the economy weakens and inflation recedes. Historically speaking, the Fed’s inflation-fighting playbook always delivers a particularly hard hit to the US housing market. When it comes to housing transactions, monthly …

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Ukraine's Zelenskiy says first grain ship 'nothing', economy in coma

Ukraine’s Zelenskiy says first grain ship ‘nothing’, economy in coma

Grain-carrying ship from Ukraine inspected in Turkey Shipment is first of kind to leave Ukraine in wartime But Ukrainian leader says much more is needed Kyiv urgently needs to ship 10 mln tons to cut deficit KYIV/ISTANBUL, Aug 3 (Reuters) – Ukrainian President Volodymr Zelenskiy dismissed the importance of the first grain export shipment from …

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