Purchasing Power of the Dollar Goes WHOOSH!
Worst inflation in 40 years is spreading deeper into the economy. By Wolf Richter for WOLF STREET. The broadest Consumer Price Index (CPI-U) jumped by 0.5% in December...
Is gold on schedule to catch the inflation train?
Seeking Alpha/Van Eck Funds/1-12-2022 “For those who think gold missed the inflation train, there are several reasons to reconsider. There have only been two other...
Rep Emmer Introduces a Bill to Prohibit Fed Issuance of Money to Individuals – Mish Talk
Tweet Thread of the of the Day 1: Today, I introduced a bill prohibiting the Fed from issuing a central bank digital currency directly to individuals....
How the Shield Nickel Rebuilt U.S. Currency
The chaos of the Civil War decimated U.S. currency. As a result, many people resorted to merchant tokens, encased stamps, and fractional currency. When the...
$1,051,873,000,000: Record Federal Tax Collections Top $1 Trillion in 3 Months
(Photo by Drew Angerer/Getty Images/Bloomberg via Getty Images) (CNSNews.com) – Total federal tax collections in the first three months of fiscal 2022—October through December—set a...
Shipping Congestion Is Growing at World’s Biggest Port
(Bloomberg) — Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the...
Inflation Surge Is on Many Executives’ List of 2022 Worries
In the hierarchy of business threats confronting corporate leaders in 2022, Covid-19 still rules. But inflation has quickly closed the gap. Concerns about rising prices...
Grocery Stores Cut Hours, Services as Omicron Infects Workers
Some U.S. supermarkets are reducing hours and cutting services as Covid-19’s Omicron variant infects cashiers, baggers and stockers, deepening grocery chains’ staffing challenges. Across the...
Europe at greatest risk of war in 30 years, Poland warns
VIENNA, Jan 13 (Reuters) – Europe is nearer war than it has been in 30 years, Poland’s foreign minister warned during the third round of...
Beijing unveils grand plan to grow digital economy as US moves forward with competition bill
The Chinese government has published a major plan to boost its global competitiveness in the digital economy before 2025, as the US is reportedly moving...