However, other economists argue that what is occurring now is still largely related to the pandemic, with a surge in demand for goods causing supply bottlenecks and the need to rehire workers much faster than anyone expected. They argue these pressures will subside in the coming months. They point to used cars and lumber prices,...Read More
Oct 16th 2021 THE RICH world is used to wages and prices growing slowly. In the decade after the global financial crisis, inflation rarely exceeded central banks’ targets, and wages seemed unable to grow much faster. The spending power of average hourly pay in Britain, Italy and Japan was about the same at the start...Read More
By Morf Morford Tacoma Daily Index “We have shortages, a soaring cost of living, significant unemployment in some places and persisting labour gaps in others, taxes up, public spending up, borrowing up and child poverty on the rise.” The statement above might sound familiar, but it’s not from The United States, it from Great Britain....Read More
An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany./File Photo Fed rate hikes in focus as dollar retreats from 1-yr high Improved risk appetite hurts safe-haven yen and dollar Risk-sensitive Aussie trades near one-month high U.S. retail sales on Friday to be next...Read More
Oct 16th 2021 NEXT MONTH world leaders will gather at the COP26 summit, saying they mean to set a course for net global carbon emissions to reach zero by 2050. As they prepare to pledge their part in this 30-year endeavour, the first big energy scare of the green era is unfolding before their eyes....Read More
Wilson The man believed to be responsible for an armed robbery that occurred Sunday at the Dollar General in Carriere, has been identified. Pearl River County Sheriff’s Department Maj. Marc Ogden said the man is identified as Jemaine Lavell Wilson, 33, of 71 Burgetown Rd., Carriere. A warrant for his arrest for armed robbery was...Read More
Also changing is how Social Security taxes are assessed. The program’s taxes are subject to a cap, because it was set up with the intention of having the amount workers paid into the system to mirror what they receive in retirement. Currently, the maximum amount of earnings subject to the Social Security tax is $142,800,...Read More
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