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Economy
As businesses flee Russia, a New York model returns to Moscow
Placeholder while article actions loadAs Western businesses fled Russia following Moscow’s invasion of Ukraine, Kira Dikhtyar, a 33-year-old model in New York City, traveled in the opposite direction.Leaving behind a decade-long modeling…
Former U.S. ambassador says lifting China tariffs could slash inflation by 1% over time,
Removing tariffs on imported Chinese goods will strip 1% off inflation in the U.S. over time and return confidence to the economy which could help President Joe Biden at the ballot box, former U.S. ambassador David Adelman…
Biden says he’s nearing decisions on gas tax holiday and student loans as he tries to
"I hope to have a decision based on the data I'm looking for by the end the week," Biden told reporters by the seaside in Rehoboth Beach, Delaware, when asked whether he was considering backing a gas tax holiday.Such a pause in the…
Analysis: America is on edge, and that’s bad news for the White House
Many key aspects of economic, social and national life that were once viewed as smoothly running certainties are out of joint. The Covid-19 pandemic, though it has eased its deadly grip, has left a complicated legacy of challenges that…
Strikes, inflation, slump… back to the 70s? More like the unwinding of Thatcherism |
This is not the 1970s all over again, notwithstanding the apparent similarities – oil shocks, recession, seasons of discontent, inflation. What we are living through is something more profound. It is the painful unwinding of the…
Airline staff shortages expected to last into 2023
Airline staffing shortages, which are already disrupting summer vacation plans, could extend well into 2023, some industry officials say. The big picture: Airlines had two years and billions of dollars in government aid to make sure they…
It’s no surprise Russia is weathering the West’s sanctions: Putin has been preparing for
Russia has been preparing for sanctions since 2014, after it annexed Crimea.
Moscow was already hit by a range of Western-led sanctions after the annexation.…
Homebuyers feeling inflation squeeze as US ‘headed for recession,’ Redfin CEO warns
Redfin CEO Glenn Kelman argues despite the U.S. economy faces soaring inflation, there ‘won’t be a crash’ in the housing market. While the housing market continues to get battered by rising interest rates and sky-high prices,!-->-->…
Here’s what the Fed rate hike means for your salary
Every time inflation ticks up, it takes a bite out of workers' pay and chews away at their bank accounts. And this current stretch of inflation -- triggered by a confluence of events, including the war in Ukraine and the ongoing pandemic…