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+23 +5
A Big Flashing Signal That Goods Could Get Cheaper Soon
In May 2021, a shipping source told me to expect the “transitory” inflation Americans were seeing to get much worse. His cost to ship containers from China to the U.S. had jumped from $2,000 prepandemic to $20,000. So companies selling imported goods—from clothing to food—would soon pass that 10X increase to us. He planned to do his holiday shopping early.
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+17 +5
Economic insecurity can take a heavy toll on fathers' mental health, leading to family conflict
The separate poverty guidelines for Alaska and Hawaii reflect Office of Economic Opportunity administrative practice beginning in the 1966-1970 period. Note that the poverty thresholds — the original version of the poverty measure — have never had separate figures for Alaska and Hawaii.
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+14 +1
Just keep your returns: Stores weigh paying you not to bring back unwanted items
The chaotic mix of record fuel prices and an unending supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them.
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+22 +4
Buy Now, Pay Later Statistics and User Habits
When it comes to financing options, consumers now have alternatives to credit cards in the form of “Buy Now, Pay Later” services. These services such as Affirm, Afterpay, Klarna and PayPal Credit allow consumers to make interest-free installment payments on a purchase over the course of several weeks. According to respondents, 60% say they have used a Buy Now, Pay Later service. Of those, nearly half (46%) are currently making a payment or payments through one of those services.
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+16 +4
The Price of Video Games
The unfair increase of prices and the decay of the industry
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+4 +1
Bitcoin Fixes Everything Because Broken Money Ruins Everything
“Bitcoin fixes this.” — it’s a meme you’ll see if you spend any time talking with Bitcoiners. Dog pooped in the living room? Bitcoin fixes this. Late for work? Bitcoin fixes that too. Ok, maybe it doesn’t fix everything, although I could make a straight faced argument how Bitcoin could possibly fix those. In truth, an absolutely monstrous number of problems are created by broken money and it’s completely not obvious that it’s because of the broken money.
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+18 +3
People in US and UK face huge financial hit if fossil fuels lose value, study shows
Individuals in rich countries face huge financial losses if climate action slashes the value of fossil fuel assets, a study shows, despite many oil and gas fields being in other countries. The researchers estimated that existing oil and gas projects worth $1.4tn (£1.1tn) would lose their value if the world moved decisively to cut carbon emissions and limit global heating to 2C. By tracking many thousands of projects through 1.8m companies to their ultimate owners, the team found most of the losses would be borne by individual people through their pensions, investment funds and share holdings.
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+14 +2
Why our continued use of fossil fuels is creating a financial time bomb
The numbers are startling. We know roughly how much more carbon dioxide we can put into the atmosphere before we exceed our climate goals—limiting warming to 1.5° to 2° C above preindustrial temperatures. From that, we can figure out how much more fossil fuel we can burn before we emit that much carbon dioxide. But when you compare those numbers with our known fossil fuel reserves, things get jaw-dropping.
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+16 +3
Bank of England set for 4th straight rate hike to fight inflation
The Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation above 10% as it raised interest rates on Thursday to their highest since 2009, hiking by quarter of a percentage point to 1%. The pound fell by more than a cent against the U.S. dollar to hit its lowest level since mid-2020, below $1.24, as the gloominess of the BoE's new forecasts for the world's fifth-largest economy caught investors by surprise.
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+21 +3
Attention economy slowdown
After two years of unprecedented growth in social media and streaming, a post-pandemic reality is beginning to set in. Why it matters: Huge revenue gains during COVID inspired media and tech titans to take big bets. As growth stalls, Wall Street wants them to pivot from promise to profit.
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+4 +1
Netflix, Amazon and Disney+ subscriptions cancelled due to shrinking budgets, research finds
The number of people subscribing to at least one video streaming service in Great Britain has fallen, with more than 1.5 million people cancelling memberships, a new report has found. Market research firm Kantar said that more than half a million cancellations were due to the cost of living crisis, as households deprioritise streaming services as they try to make ends meet.
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+11 +3
Almost one in 10 parents ‘very likely to use UK food bank in next three months’
Survey finds third have skipped meal to keep up with other costs and 20% unable at least once to afford cooking with oven.
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+10 +1
‘Guilt Tipping:’ Pressure to tip everywhere has gotten out of control
We’re tipping past the point of no return. Paying via tablet is now the convenient norm at pizzerias, coffee shops, fast food joints and other quick-service spots across the city, but the gadgets are quick to ask if you want to add a healthy gratuity to your order. Touchscreens typically prompt patrons to leave a tip ranging from 18 to 30% — and sometimes even higher — when they grab and go.
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+4 +1
Bank of America: coming "recession shock" possible boon for crypto
The macroeconomic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, Bank of America strategists warned in a weekly research note, Reuters reports. Bank of America chief investment strategist Michael Hartnett wrote, in a note to clients, that “Inflation shock” is worsening, “rates shock” is just beginning, and a “recession shock” is coming.”
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+23 +3
US jobs rise again as firms raise wages to woo staff
US employers added 431,000 jobs last month as the American economy continued to rebound from the shock of the coronavirus pandemic. The figures from the Labor Department marked the 15th month in a row of job gains and helped to push the unemployment rate down to 3.6%. Bars, restaurants and hotels were among the businesses leading the hiring last month.
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+19 +6
Career Choices: How to Find Work in the Remote Economy [Infographics]
Choices are sometimes conscious decisions and other times circumstances force change. Regardless of which it is for you, you do have choices! Many previously could not imagine choosing not to commute. Where they live most may live in one area and commute to another so it never occurred to them there are options. But you can, by making a conscious choice about your career.
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+16 +1
5 Simple Things Everyone Should Know About Inflation
When it comes to navigating the economy in 2022, there are 5 simple things everyone should know about inflation. Inflation can be simply explained as sustained upward movement in the price of goods and services in an economy. There are various ways this is calculated, which we will get into below.
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+3 +1
Boss not giving you a raise this year? With inflation this high, it could be time to quit
Inflation has risen to its highest point in a generation, pushing up the price of just about everything. But that goes for people's labour, too, as employers compete to keep up with their staffing needs.
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+13 +2
The Case for Declaring a National Climate Emergency
Earlier this week, President Biden banned all oil and energy imports from Russia, punishing Vladimir Putin for his brutal war against Ukraine and building upon an earlier package of historic economic sanctions. Biden’s actions are a steely acknowledgment that our reliance on Russian fossil fuels threatens both national and global security. They are also tangible evidence that Biden can act quickly and boldly to confront national emergencies when he chooses to.
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+18 +4
Inflation, explained by eggs
In a nutshell (or, for our purposes, an eggshell), it’s a cycle. Everything is getting more expensive because everything else is, including when it comes to eggs.
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