Disco Inferno: America Could Go Back to ’70s Stagflation
“This transitory life. This phrase – taken from an old prayer for those who suffer from “turmoil, sorrow, need, disease or any other hardship” in their earthly existence – resonates in my head these days. Unfortunately, this is too applicable for too many people. In its current use, “transient” is the modifier favored by American …
Supreme Court limits ability to enforce access to private property without compensation
On June 23, 2021, the United States Supreme Court ruled that a California law granting union organizers the “right to access” an employer’s private property violated the United States Constitution because it took employer property for public use without paying compensation. In the decision Cedar Point Nursery v. Hassid, the Supreme Court ruled that a …
FirstFT: China warns of economic uncertainty
Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe / Africa or Americas edit to send it straight to your inbox every weekday morning Did you follow the news well this week? Take our quiz. The pace of China’s economic recovery picked up slightly in the second quarter …
Fed Chairman Powell grilled by cranky senators over inflation and climate change
Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Committee on Banking, Housing and Urban Affairs hearing on “The Semi-Annual Monetary Policy Report to Congress” on Capitol Hill in Washington, July 15, 2021. Kevin Lamarque | Reuters An economic rebound, rising wages and falling jobless claims were not …
PH considers issuance of retail dollar bonds
National Treasurer Rosalia de Leon (File photo) MANILA – The Philippines intends to issue its first ever US Dollar-denominated Retail Dollar Bond (RDB) to Filipino Foreigners (OF) to increase public funds, said National Treasurer Rosalia de Leon. In a virtual briefing Thursday, de Leon said they plan to have the minimum investment in the debt …
Carrillo & Rancho Sespe | The Fillmore Gazette
Grace Atmore Don Carlos Antonio de Jesus Carrillo Represented by Adobe by Ynez Haase. Map of the Rancho Sespe Land Grant. Courtesy of the Fillmore History Museum Prior to 1833, the area that would become Fillmore and Bardsdale was under the governance of Mission San Buenaventura. Few Europeans lived in the area and it was …
Stocks end mixed as earnings rise, Powell reaffirms stance on transient inflation
Equity futures were little changed on Wednesday night as investors digested a host of mixed corporate results and reassured senior central bank officials that the latest spike in inflation would likely be temporary. S&P 500 contracts hit the flat line after the index hit a record intraday high in Wednesday’s regular session. Dow and Nasdaq …
Billionaire’s wealth gain in pandemic could pay for US plan for Biden families
In the past 16 months, since the official start of the pandemic lockdown, the combined wealth of 713 US billionaires has jumped $ 1.8 trillion, a gain of almost 60%. The combined total wealth of US billionaires has grown from $ 2.9 trillion on March 18, 2020 to $ 4.7 trillion on July 9, 2021. …
Gov. Janet Mills veto bill to create consumer-owned utility in Maine
Gov. Janet Mills announced Tuesday afternoon that she had vetoed a bill to create a consumer-owned utility in Maine. Maine lawmakers narrowly approved the bill last month. The bill would have prompted the buyout of Maine’s two foreign utilities to create Pine Treet Power. Central Maine Power is owned by a Spanish company and Versant …
Google to Launch Second Cloud Region in India, Telecom News, ET Telecom
New Delhi: Google to launch a new cloud region in India that will enable organizations to digitally transform and accelerate innovation closer to home, as the country takes another step forward in a future driven by digital. The company, in an invitation sent to media on Tuesday, said that Alphabet and Google CEO Sundar Pichai …