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An improvised dollar economy is also not completely immune to hyperinflation. Prices are still going up, and they’re even higher now that they’re set in dollars. This makes it hard for many Venezuelans to afford everyday items. Dilmary Rivas, a neighbor of Ms. Aguilar, earns the equivalent of $120 per month working as a house...
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A picture illustration shows U.S. 100-dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo TOKYO, Sept 6 (Reuters) – The dollar languished near a one-month low versus major peers on Monday, as investors pushed back expectations for when the Federal Reserve will begin tapering its massive stimulus. The dollar index , which...
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As the last instalment of this column observed (‘The dangers of continuing with unconventional policies’, 20 August), there is a rising drumbeat of debate over the unwinding of America’s unconventional monetary policy—in particular, large-scale asset purchases, often called quantitative easing (QE)—as well as the eventual normalization of its policy interest rate to above the near-zero...
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Audi Grandsphere concept car, autonomous, electric “like a first class flight”. tobias sageister International car shows were thought to be a thing of the past, on their way to oblivion before Covid-19 struck because of exorbitant costs and public disinterest, and finally put out of their misery by the industry’s coronavirus global shutdown. Yet this...
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BANGKOK — The dream of a Thai land bridge, a transport route that would cross the Malay Peninsula to connect ports on either side, has surfaced again in Thailand. If it becomes a reality, a land bridge could cut shipping times by about two days, compared with the current shipping route through the Malacca Strait....
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The Double Up Food Bucks program just celebrated its fifth year in Arizona. For years, the program has offered families on food stamps the chance to turn $20 into $40 worth of fresh produce. However, during the pandemic, the cap was lifted at farmers markets. “The dollar-for-dollar match is great for customers because it allows...
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Labor Secretary Marty Walsh argues part of the reason U.S. hiring slowed sharply in August is because of the resurgence in new COVID-19 infections and acknowledged that there is ‘more work to do.’  September is shaping up to be a critical month for the fate of the U.S. economy as the labor market’s recovery and...
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The pandemic curse that had inflicted severity around the world and world economy had also brought supply constraints with it. Given the stringent lockdowns that were placed across various other countries of the world, this led the supply ecosystem to get highly disrupted. This had led to a shortage of goods and services in various...
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BEIRUT — I never thought I would live to see the end of the world. But that is exactly what we are living today in Lebanon. The end of an entire way of life. I read the headlines about us, and they are a list of facts and numbers. The currency has lost over 90...
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OCALA, Fla. — A total of 20 units and 63 personnel from Marion County Fire Rescue and the Ocala Fire Department responded Friday after a fire broke out inside of a Dollar General store. Firefighters arrived at around 10:30 a.m. to the Dollar General on NE 35th Street in Ocala. READ: Florida to issue $5,000...
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