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Russia’s war economy isn’t as resilient as reports would have you believe
Happy Friday, team. I’m Phil Rosen. This 7 days we’ve observed a storm of economic data in the US. The alphabet soup of readings — CPI, PPI, and jobless statements — all place to cooling inflation and a softening labor current market. In theory, that’s excellent news for the Fed, mainly because it suggests its coverage is doing work. Must the central lender decide to make one last amount hike in Might, it could be like a greenlight for bulls. The S&P 500 surged 35{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} immediately after the final rate hike in 1995, and 28{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in the yr soon after the 2018 cycle’s previous go. But don’t just take those…
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The housing market downturn isn’t over
Appropriate out of the gate in 2023, the slumped U.S. housing marketplace knowledgeable an uptick in action. Open houses received much more foot targeted traffic. Buyers started out producing serious gives. And, if priced correct, residences in some markets gained multiple offers. “I acquired 5 new [buyer] sales opportunities in a single 7 days, which was unheard of in [late] 2022…[and] I have experienced a couple of transactions that astonished me,” Kristen Riffle, a true estate agent in Las Vegas, tells Fortune. “I wrote an present on a property that was on the market place for 1 working day, in a subpar location…The agent obtained back to me and claimed…
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Most of the US is dealing with a teaching shortage, but the data isn’t so simple
More than three-quarters of U.S. states are experiencing a teacher shortage, highlighting a growing concern among public education and government officials about challenges that were exacerbated during three years of the COVID-19 pandemic. A Government Accountability Office (GAO) report on pandemic learning published in June 2022 found that public education lost about 7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} of its total teaching population (233,000) between 2019 and 2021 — with many educators, in phone calls, text messages and interviews with ABC News, citing strict time demands, persisting behavioral issues and lack of administrative support, among other obstacles. According to the education departments, agencies and associations surveyed for this story, staffing issues have continued. “Our nation…
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China’s real estate crisis isn’t over yet, IMF says
China’s authentic estate industry has slumped in the last two decades soon after Beijing cracked down on developers’ significant reliance on debt for advancement. Long term Publishing | Upcoming Publishing | Getty Pictures BEIJING — China demands to do extra in get to correct its authentic estate issues, the Global Financial Fund reported Friday. The residence sector contributes to about a quarter of China’s GDP and has been a drag on growth, particularly given that Beijing cracked down on developers’ superior reliance on financial debt in 2020. Chinese authorities started off to simplicity limitations on funding for the sector over the last quite a few months. “Authorities’ modern coverage measures…
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Fashion Isn’t Ready for the Regulation Coming for It
For the last two a long time, LVMH has been gearing up to offer people with unparalleled ranges of information and facts about exactly where and how its garments and footwear are manufactured. Throughout its models, from Louis Vuitton and Dior to Celine and Loewe, the French luxurious titan is pushing to unravel sophisticated offer chains, trace the origins of its solutions and pin down granular info wanted to comply with an oncoming wave of regulation aimed at addressing fashion’s environmental affect. It is a enormous endeavor to track the facts throughout residences and merchandise, and it’s still a do the job in development. “We have a hole in every…
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