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  • High living costs solidify California’s two-tier economy
    Economy News

    High living costs solidify California’s two-tier economy

    April 24, 2023 /

    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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    Francis McGee Comments Off on High living costs solidify California’s two-tier economy

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    All this good economic news might actually be bad news for average Americans

    All this good economic news might actually be bad news for average Americans

    March 17, 2023
    Dow headed below 30,000, slim chance of soft landing for economy: CFOs

    Dow headed below 30,000, slim chance of soft landing for economy: CFOs

    December 29, 2022
    Will the Markets and the Economy be Thankful This Week? | Economy

    Will the Markets and the Economy be Thankful This Week? | Economy

    November 22, 2022
  • UK economy avoids decline but cost of living pains many
    Economy News

    UK economy avoids decline but cost of living pains many

    February 12, 2023 /

    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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    Francis McGee Comments Off on UK economy avoids decline but cost of living pains many

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    Dollar falls against major currencies amid economy concerns; yuan strengthens

    Dollar falls against major currencies amid economy concerns; yuan strengthens

    December 8, 2022
    Utahns feeling bleak about near-term economy, ongoing inflation

    Utahns feeling bleak about near-term economy, ongoing inflation

    February 26, 2023
    Americans are pessimistic about the economy this year despite positive signs

    Americans are pessimistic about the economy this year despite positive signs

    February 7, 2023
  • Despite a cost of living crisis and other challenges, Australia’s economic future is bright
    Economy News

    Despite a cost of living crisis and other challenges, Australia’s economic future is bright

    January 2, 2023 /

    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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    Francis McGee Comments Off on Despite a cost of living crisis and other challenges, Australia’s economic future is bright

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    Top economist Mohamed El-Erian says the ‘relentless appreciation of the dollar’ is terrible news for the global economy

    Top economist Mohamed El-Erian says the ‘relentless appreciation of the dollar’ is terrible news for the global economy

    September 28, 2022
    Inflation Rises in January But Annual Pace Eases Slightly | Economy

    Inflation Rises in January But Annual Pace Eases Slightly | Economy

    February 15, 2023
    Russian Imports Rebound as Economy Looks Set for Growth

    Russian Imports Rebound as Economy Looks Set for Growth

    February 3, 2023

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