China to increase defense spending 7.2%, sets economic growth target of 'around 5%' for 2023 | CNN Business
China has set an official economic growth target of "around 5%" for 2023, as it seeks to revive the world's second-largest economy after a year of tepid growth because of pandemic measures.
Avocado, tomato prices rise substantially due to weather | NL Times
Cold weather in Southern Europe and empty Dutch greenhouses due to high energy bills have resulted in empty vegetable shelves in the Netherlands. Tomatoes, peppers, cauliflowers, and avocados are in short supply - and their prices have risen accordingly, the Telegraaf reports.
Computer chip funding to require security, worker benefits
WASHINGTON (AP) — The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production.
Employers Are Rebalancing Pay Strategies in a Precarious Economy — Payscale's 2023 Compensation Best Practices Report Shows
Today, Payscale Inc., the leading provider of compensation data, software and services, released the results of its flagship survey, the 2023 Compensation Best Practices Report (CBPR), shedding light on the ongoing power struggle between employees and employers.
The wedding boom is winding down but inflation is still driving up the cost to say 'I do'
The average cost of a 2023 wedding is expected to be $29,000 as vendors say inflation is forcing them to raise their prices, according to data from Zola.
The 4-day workweek gains steams as a perk, after positive results from a large trial - Robinhood Snacks
Thursday’s the new Friday?... The four-day workweek is #trending. Driving the hype: one of the largest trials of a four-day workweek ever conducted....
Understanding elasticities can help explain why Tesla raised the price of its Model Y by $1,000 after the Treasury Department relaxed its tax credit terms for electric vehicles.
EconExtra: The Housing Theory of Everything - Blog
The “Housing Theory of Everything” describes how the current housing shortage is the root cause of many other issues we face: from wealth inequality, lower productivity and lower birthrates to climate change and obesity. EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons. The Headline The housing shortages and skyrocketing housing costs in the US have appeared in the headlines and our weekly reading lists over the past year or more. This is true around the world.
The housing theory of everything - Works in Progress
Western housing shortages do not just prevent many from ever affording their own home. They also drive inequality, climate change, low productivity growth, obesity, and even falling fertility rates.
Fed needs a recession to win inflation fight, study shows
The Federal Reserve will be hard-pressed to lower inflation without a significant blow to U.S. economic activity and a sharp rise in unemployment, and even then may miss its 2% inflation target for years to come, a group of top economists concluded after a review of central banks' past inflation battles.
No cow needed: Oat and soy can be called milk, FDA proposes
Soy, oat, almond and other drinks that bill themselves as “milk” can keep using the name, according to draft federal rules released Wednesday. Food and Drug Administration officials issued guidance that says plant-based beverages don’t pretend to be from dairy animals – and that U.S.
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U.S. labor market still tight; monthly producer inflation accelerates
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy's resilience despite tighter monetary policy.