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News & Articles By Mary Villareal
09/14/2021
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By Mary Villareal
The Federal Reserve hides price inflation, but why?
Federal Reserve Chairman Jerome J. Powell says that he supports “tapering” toward the end of the year, adding that interest rate hikes are a long way off. By tapering, he means that the central bank should reduce its monthly purchases of bonds and slow down the monthly increase in the quantity of money. Even with […]
09/09/2021
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By Mary Villareal
UK wastewater plants allowed to dump untreated sewage due to shortage of chemicals
United Kingdom authorities waived the rules on the treatment of sewage due to the shortage of required chemicals. The government told wastewater plants that they may be able to discharge liquid waste that has not been fully treated due to the disruption caused by “supply chain failure” — or lack of truck drivers. Sewage is already […]
09/08/2021
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By Mary Villareal
World food prices jump to record highs… with no end in sight
A new report from the Food and Agriculture Organization (FAO) noted that global food prices are on the rise to near-decade highs. The Rome-based organization released a statement that said after two consecutive months of declines, the world food prices jumped in August due to gains in sugar, vegetable oils, and cereals. Rise in price […]
08/11/2021
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By Mary Villareal
US businesses looking to fill 10M job openings as economy reopens
Employers are looking to fill 10 million job openings with fewer workers than jobs available. Last week, the Department of Labor reported that around 8.7 million potential workers who are looking for jobs counted among the unemployed. At the same time, the job placement site Indeed estimates that there are about 9.8 million job vacancies as of July 16, […]
08/10/2021
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By Mary Villareal
Social Security Administration will go bankrupt by 2035
The Social Security Administration has estimated that it will go bankrupt by 2035 unless changes are made to the funding of the system. As baby boomers retire, those receiving benefits via social security will swell while fewer people will be paying taxes due to demographic changes. With social security benefits being funded by the payroll tax, […]
08/06/2021
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By Mary Villareal
Nestle, Diageo raise prices due to “strongest” inflation in years
Nestle, Diageo, and Danone are some companies that may raise the prices of their products this year as they struggle with the strongest inflation due to the COVID-19 pandemic. While sales are rising as key markets start rebounding, the recovery also means that there are increased costs for ingredients, packaging, and transport. For instance, coffee prices are […]
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