When the Federal Reserve convenes at the end of January 2023 to set interest rates, it will be guided by one key bit of data: the U.S. inflation rate. The problem is, that stat ignores a sizable chunk of the country – rural America. Currently sitting at 6.5%, the rate of inflation is still high, […]
Speaker McCarthy lays out initial cards in debt ceiling debate: 5 essential reads on why it’s a high-stakes game
Speaker McCarthy lays out initial cards in debt ceiling debate: 5 essential reads on why it’s a high-stakes game
Poorest Americans are hit hardest by soaring prices on necessities
The fastest rate of inflation in 40 years is hurting families across the U.S. who are seeing ever-higher prices for everything from meat and potatoes to housing and gasoline. But behind the headline number that’s been widely reported is something that often gets overlooked: Inflation affects different households in different ways – and sometimes hurts […]
does the EU have what it takes to fight greenwashing?
Increased social awareness and pressure from shareholders in the investment fund industry have prompted sustainable funds to take off. The latter are particularly attractive to retail investors because they offer access to a wide range of assets and risk profiles. In recent years, however, this industry has had to contend with an increasingly competitive environment: […]
Global demand for cashews is booming. How Ghana can take advantage to create jobs
The global cashew industry has grown rapidly over the last decade, driven by increasing consumption of cashew nuts around the world. And the market for raw cashews is forecast to continue growing at an annual rate of 4.27% between 2020 and 2025. It is expected to reach almost US$7 billion by 2025. The growing demand […]
Checkpoint ‘taxes’ make South Sudan one of the most expensive places to move goods
When South Sudan became independent 10 years ago, oil revenues were supposed to fuel the economy of the world’s newest country. But shortly after, civil war resumed, oil prices plummeted, and the South Sudanese pound lost value. While elites in Juba split the remaining oil revenues, ground-level civil servants, soldiers and rebels have to get […]
War is stopping Ukraine from paying its debts — here’s how international powers can continue to support its recovery
Ukraine is burning through money fast. The invasion by Russia has been costly for the country. According to the International Monetary Fund, Ukraine’s GDP could shrink by 35% as a result of the war. The country’s international grain exports have been severely hampered, with a recent deal to restart exports likely to move only some […]
Congress needs to pass 12 funding bills in 11 days to avert a shutdown – here’s why that isn’t likely
U.S. senators and representatives returning from their summer vacations will need to shake off their suntans in quick time and get down to business. Congress has just 11 days when it’s in session before the next federal fiscal year begins on Oct. 1, 2023. And in that time, it will need to enact all 12 […]
Wages up as Americans are encouraged back to work and into the office – 3 takeaways from the latest jobs report
After a lackluster jobs report in September 2021, the latest news on employment gives Americans plenty of cheer about ahead of the holiday season. In total, 531,000 jobs were added in October – outstripping the already optimistic predictions of economists. This caused the unemployment rate to fall 0.2 percentage points to 4.6%. Even with those […]
Even with the eviction moratorium, landlords continued to find ways to kick renters out
Millions of renters in the U.S. lost a key protection keeping them in their homes on Aug. 26, 2021, with a Supreme Court ruling ending a national moratorium on eviction. The federal stay on evictions was put in place during the coronavirus pandemic to protect renters falling behind on monthly payments and therefore in danger […]