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High living costs solidify California’s two-tier economy
In summary Gov. Gavin Newsom’s crusade against the oil industry over gas prices missed the larger point that the cost of nearly everything in California is very high. Why California is what it is – a state with an immense economy but equally immense socioeconomic divisions – is the topic of perpetual academic, media and political debates. There is one factor, both a cause and an effect, that cannot be debated: California is an enormously expensive place in which to live and work. And if anything, the relatively high inflation that has plagued the national economy in recent years has exacerbated the angst that Californians were already feeling as they…
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UK economy avoids decline but cost of living pains many
LONDON — The compact observe pinned to a wall at Union Chapel in north London is a indicator of despair for charity employees dealing with the fallout from Britain’s charge-of-residing disaster. The showers, it suggests, are reserved for the homeless. In other text, people who continue to have a roof around their heads but simply cannot manage to warmth drinking water for bathing are in essence requested to chorus. Amanuel Woldesus, who operates the Margins Venture charity centered at the church for folks in crisis, is discouraged that he’s getting forced to ration a services this way. “We are the sixth-richest nation in the environment, and who is earning these…
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Despite a cost of living crisis and other challenges, Australia’s economic future is bright
I won an award in 2022. No, it wasn’t a Walkley. It was an in-house award from The Drum presented at the Christmas party: Patron Saint of Doomsday – for always reminding us that a financial crisis is nigh. All jokes aside, we do live in a troubled world. Last year saw an escalation of the climate change crisis, a war in Ukraine, soaring inflation, further phases of a global pandemic, the Bank of England rescue Britain from a major financial crisis, and the death of Queen Elizabeth II – to name but a few moments. A turbulent year saw a number of major events occur, such as Queen Elizabeth II’s death. (Reuters: Tom…
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