Kay C. James on MLK Day, Biden admin  The U.S. economy has “never worked fairly” for Black Americans or any person of color, Treasury Secretary Janet Yellen said in a Monday speech, joining a cadre of national leaders who used Martin Luther King Jr. Day to acknowledge racial inequalities in the country. Yellen made the...Read More

BEIJING — Construction and property sales have slumped. Small businesses have shut because of rising costs and weak sales. Debt-laden local governments are cutting the pay of civil servants. China’s economy slowed markedly in the final months of last year as government measures to limit real estate speculation hurt other sectors as well. Lockdowns and...Read More

China Q4 GDP grows 4.0% y/y vs 3.6% forecast in Reuters poll China 2021 GDP grows 8.1% versus 8.0% forecast Dec factory output growth picks up, retail sales disappoint BEIJING, Jan 17 (Reuters) – China’s economy rebounded in 2021 from its pandemic-induced slump helped by robust exports but weak consumption at the year-end and a...Read More

The Herald Gold steadied on Friday as weak US retail sales data countered pressure from an uptick in the dollar and Treasury yields, with overall weakness in the dollar keeping bullion on course for its best week since mid-November. Spot gold was unchanged at US$1 821,66 per ounce by 10:45 am on Friday. US gold...Read More

Democrats and Republicans have wildly different expectations for inflation in 2022. Republicans expect prices to rise about 7% over the next year — more than double the 3% increase expected by Democrats, according to last month’s University of Michigan survey of consumer sentiment. Shock figure: That’s the widest partisan gulf recorded since the survey began...Read More

The Covid-19 variant has been cropping up across China in recent days, including in major port cities like Dalian and Tianjin, prompting restrictions that could upend business operations in those places. The rest of the world is also dealing with Omicron, but China is different because of how intent authorities are on preventing any widespread...Read More

For the tenth consecutive year, revenue generated by Georgia’s forest industry has taken a jump. According to a new Georgia Tech report, the total economic output of the forest industry in 2020 rose to $39.1 billion, a 7.1% increase over the previous year. That number shows the impact of how forestry dollars from the sale...Read More

PUEBLO, Colo. (KKTV) – One woman was killed in a reported shooting around 8 p.m. near the Dollar General near North El Paso Street and 4th Street. Pueblo police responded to the scene and found a woman with a gunshot wound. Officers say the suspect chased the victim from the parking lot into the store...Read More

American economist Milton Friedman famously said inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a monetary increase in the quantity of money relative to output. On Wednesday, the U.S. Bureau of Labor Statistics released the inflation data for December and 2021 in their...Read More

Authors: Ibrahim Chowdhury, Ekaterine T. Vashakmadze and Li Yusha After a strong rebound last year, the world economy is entering a challenging 2022. The advanced economies have recovered rapidly thanks to big stimulus packages and rapid progress with vaccination, but many developing countries continue to struggle. The spread of new variants amid large inequalities in...Read More