Econobits.com

Sunday, March 31, 2024

10 Housing Markets Where Prices Are Plummeting The Most

https://financebuzz.com/housing-markets-demand-is-crashing-5?pid=1692

Saturday, March 30, 2024

Christian college with United Methodist Church ties to close after 168 years

https://www.christianpost.com/news/christian-college-with-umc-ties-to-close-after-168-years.html

Who wouldn't like prices to start falling? Careful what you wish for, economists say

https://apnews.com/article/inflation-deflation-prices-economy-eggs-cars-consumers-e3c816373344d54b2e6bdb4be5ed999a

More women are drinking themselves sick — and the Biden administration is concerned

https://www.alternet.org/more-women-are-drinking-themselves-sick-and-the-biden-administration-is-concerned/

Friday, March 29, 2024

'The last mile is harder': Stubborn inflation stalls rate cuts

https://www.politico.com/news/2024/03/29/the-last-mile-is-harder-stubborn-inflation-stalls-rate-cuts-00149718

Inflation ticked higher last month, reversing recent progress

https://www.cnn.com/2024/03/29/economy/pce-inflation-february/index.html

US Army general says the 'future is not bright' for towed artillery, like the M777s America gave Ukraine to fight the Russians

https://www.businessinsider.com/future-not-bright-for-towed-artillery-like-us-gave-ukraine-2024-3

Bombshell Report Sent To US Senate Accuses Ticketmaster & Live Nation Of Negotiating Increased Rates With Vendors To Decrease Artist Payouts

https://www.whiskeyriff.com/2024/03/28/bombshell-report-sent-to-us-senate-accuses-ticketmaster-live-nation-of-negotiating-increased-rates-with-vendors-to-decrease-artist-payouts/

Thursday, March 28, 2024

US Court Shames SEC Gary Gensler Over His Coinbase Witchhunt

https://coinchapter.com/us-court-shames-secs-gary-gensler-over-his-coinbase-witchhunt/

Baltimore Bridge Collapse to Trigger Massive Marine Insurance Losses: Lloyd's of London

https://www.businessinsider.com/baltimore-bridge-collapse-insurance-losses-francis-scott-key-lloyds-london-2024-3

UW-Milwaukee faculty at Waukesha and Washington County campuses face layoffs

https://www.jsonline.com/story/news/education/2024/03/28/uw-milwaukee-faculty-at-waukesha-and-washington-county-campu-to-be-laid-off-under-little-used-policy/73073283007/

The Earth's changing rotation is starting to interfere with time and experts are concerned

https://www.indy100.com/science-tech/earth-rotation-changing-ice-caps

Kentucky president proposes to strip faculty body’s power and authority

https://www.insidehighered.com/news/faculty-issues/shared-governance/2024/03/28/kentucky-president-proposes-strip-faculty-bodys

Recession Outlook: Fed's Rate-Cut Forecast Points to a Recession

https://www.businessinsider.com/recession-feds-rate-cut-forecast-point-economic-downturn-david-rosenberg-2024-3

Federal Reserve posted its largest operating loss on record last year — here’s what the central bank’s shrinking balance sheet actually means

https://moneywise.com/a/ch-oath/fed-posts-record-operating-losses

Wednesday, March 27, 2024

Visa and Mastercard to Lower Merchant Fees After Reaching $30 Billion Settlement

https://marketrealist.com/visa-and-mastercard-agree-to-30-billion-settlement-that-will-bring-down-merchant-fees/

Sen. Jacky Rosen says she'll fight to keep Reno's mail operations

https://www.rgj.com/story/news/local/2024/03/26/reno-nevada-mail-operations-move-sacramento-california/73112224007/

US debt: Is America at risk of a Liz Truss-style market meltdown? The CBO thinks so

https://www.cnn.com/2024/03/26/business/us-debt-cbo-warning/index.html

Fed Is Making Inflation Worse With Rate-Cut Promises, Former Official Says

https://www.businessinsider.com/fed-rate-cuts-inflation-outlook-us-economy-growth-monetary-policy-2024-3

Tuesday, March 26, 2024

Debt crisis: U.S. increasingly relies on poorer countries to fund its programs

https://www.washingtontimes.com/news/2024/mar/25/debt-crisis-us-increasingly-relies-on-poorer-count/

US Faces Inflationary Risks From China Factory Boom, NY Fed Says

https://www.bloomberg.com/news/articles/2024-03-26/china-manufacturing-drive-risks-higher-us-inflation-ny-fed-says

Dairy cattle in Texas, Kansas test positive for bird flu

https://apnews.com/article/bird-flu-dairy-cattle-usda-kansas-texas-c3040bb31a9a8293717d47362f006902

Chick-fil-A faces criticism after backtracking on chicken antibiotics

https://www.fastcompany.com/91068556/chick-fil-a-chicken-antibiotics-policy-change-criticism

Investing legend Jeremy Grantham sounds the alarm on a stocks bubble, blasts bitcoin, and says the dollar's still king

https://www.businessinsider.com/grantham-stock-market-outlook-bubble-crash-crypto-bitcoin-dollar-dominance-2024-3

Fed officials are now considering fewer rate cuts this year

https://www.cnn.com/2024/03/26/economy/fed-officials-fewer-rate-cuts-this-year/index.html

China jolts US at WTO with complaint over ‘discriminatory’ EV subsidies

https://www.scmp.com/economy/china-economy/article/3256820/china-jolts-us-wto-complaint-over-discriminatory-ev-subsidies

Gen Xer explains sense of 'impending doom' that seems to define the Millennial generation

https://www.upworthy.com/gen-x-perfectly-explains-millennial-problems

Monday, March 25, 2024

Fed’s Bostic Repeats Expectation of Just One Rate Cut This Year

https://www.bloomberg.com/news/articles/2024-03-25/fed-s-bostic-repeats-expectation-of-just-one-rate-cut-this-year

Russia Economy: Russia Admits Western Sanctions Hitting Oil Exports

https://www.businessinsider.com/russia-economy-west-secondary-sanctions-hitting-oil-exports-payments-revenue-2024-3

Digital Markets Act: Apple, Google and Meta at risk of ‘heavy’ fines as Europe launches new probes

https://www.cnn.com/2024/03/25/tech/digital-markets-act-apple-google-meta/index.html

Energy agency announces $6 billion to slash emissions in industrial facilities

https://apnews.com/article/climate-energy-carbon-emissions-industry-manufacturing-biden-7145f8cf0e020418032a192a3e481041

Sunday, March 24, 2024

End of the sushi line? In Japan, conveyor-belt restaurants face uncertain future amid hygiene, waste concerns

https://www.scmp.com/week-asia/lifestyle-culture/article/3256498/end-sushi-line-japan-conveyor-belt-restaurants-face-uncertain-future-amid-hygiene-waste-concerns

4 Places Where You Can Really Buy a House on a $54,000 Salary

https://www.gobankingrates.com/investing/real-estate/places-you-can-buy-a-house-on-54000-salary/

Saturday, March 23, 2024

New Indiana law requires professors to promote 'intellectual diversity' to keep tenure

https://www.npr.org/2024/03/22/1239534856/new-indiana-law-requires-professors-to-promote-intellectual-diversity-to-keep-te

Billionaires going to space aim to industrialize the moon, asteroids, and Mars. It's time to set some ground rules.

https://www.businessinsider.com/billionaires-companies-going-to-space-need-rules-2024-3

Friday, March 22, 2024

DOJ Sues Apple Alleging It Maintains Illegal Monopoly With iPhone

https://variety.com/2024/digital/news/apple-sued-doj-illegal-monopoly-iphone-1235948324/

H&R Block sues FTC for use of administrative law judge in tax data case

https://seekingalpha.com/news/4082096-hr-block-sues-ftc-use-of-administrative-law-judge-tax-data-case

The EU will impose tariffs on Russian grain, fearing Moscow will use exports as a weapon of war

https://apnews.com/article/eu-russia-ukraine-grain-imports-tariffs-f8345b727fe64d798e96372da7d2bab4

Russian Diesel Supply Is Starting to Pile Up on Tankers at Sea

https://www.bloomberg.com/news/articles/2024-03-22/russian-diesel-supply-is-starting-to-pile-up-on-tankers-at-sea

Social Security head warns against raising retirement age after GOP proposal

https://thehill.com/homenews/4548594-social-security-warns-raising-retirement-age/

Thursday, March 21, 2024

‘You Need To Check Yourself’: Fed Chair Warns Not To Dismiss Recent High Inflation Reports

https://dailycaller.com/2024/03/20/need-to-check-yourself-fed-chair-warns-not-dismiss-high-inflation/

Turkish central bank raises key interest rate to 50% as inflation soars

https://apnews.com/article/turkish-central-bank-interest-rate-aa16521e33e76ad29e00f438f364b70d

US Immigration Increase Has Caused a Hot Job Market, Tightened Housing: JPM

https://www.businessinsider.com/us-immigration-impact-labor-job-market-housing-supply-gdp-jpmorgan-2024-3

Wednesday, March 20, 2024

Biden to tout government investing $8.5 billion in Intel's computer chip plants in four states

https://apnews.com/article/biden-intel-computer-chips-arizona-ohio-658029c7ecda43c0a1d18c4f0a6529fc

Emerging-Market Currencies Extend Losses Before Fed Meeting

https://www.bloomberg.com/news/articles/2024-03-20/emerging-market-currencies-extend-losses-before-fed-meeting

Tuesday, March 19, 2024

Here’s why high interest rates haven’t caused a US recession

https://www.cnn.com/2024/03/19/economy/interest-rates-us-recession-fed/index.html

Is a college education still a sound investment?

https://www.investmentnews.com/industry-news/news/is-a-college-education-still-a-sound-investment-250917

Premarket stocks: Why Zillow is worried about America’s housing market shakeup

https://www.cnn.com/2024/03/19/investing/premarket-stocks-trading/index.html

Monday, March 18, 2024

Marquette University plans to cut $31 million by 2031

https://www.jsonline.com/story/news/education/2024/03/18/marquette-university-plans-to-cut-31-million-by-2031/73021490007/

US Economy Outlook: Immigration Increase to Drive Faster GDP Growth

https://www.businessinsider.com/immigration-us-economy-outlook-impact-gdp-growth-labor-force-market-2024-3

CEO Shares Sneaky Tactic To Find Out What Applicants Are Really Like

https://www.yourtango.com/career/ceo-shares-sneaky-tactic-find-out-what-applicants-are-really-like

Why this famed business writer hates the early retirement movement — and how he predicts it could make a mess of your retirement plans

https://moneywise.com/a/ch-oath/business-writer-on-why-he-hates-fire

Sunday, March 17, 2024

Retirement Planning: How Much the Average Person 65 and Older Spends Monthly

https://www.gobankingrates.com/retirement/planning/how-much-the-average-65-year-old-retiree-spends-monthly/

Covid Ireland: Nasty symptoms of new strain as cases continue to rise

https://www.irishmirror.ie/news/irish-news/covid-ireland-nasty-symptoms-new-32369740

Grantham, Rosenberg, Summers Warn of Stock Market Bubble As Prices Soar

https://www.businessinsider.com/stock-market-outlook-bubble-crash-rosenberg-grantham-summers-recession-economy-2024-3

China's Export Surge Means a Trade War Is Likely Under Biden or Trump

https://www.businessinsider.com/china-economy-trade-war-export-manufacturing-property-crisis-biden-trump-2024-3

Opinion: Bringing back the SAT requirement is a smart move

https://www.latimes.com/opinion/story/2024-03-17/mit-brown-georgetown-universities-bring-back-sat-requirement

Worst-paying college majors, five years after graduation

https://www.cnbc.com/2024/03/16/worst-paying-college-majors-five-years-after-graduation.html

Saturday, March 16, 2024

Supreme Court Rules Public Officials May Be Sued for Blocking People on Social Media

https://www.thewrap.com/supreme-court-rules-public-officials-sued-blocking-social-media/

Car values are plummeting so now a lot of people are underwater on their car loans

https://qz.com/car-values-loans-underwater-1851341320

Take a Look at the Latest Financial Organization Fined for Failing to Flag Unethical Trading

https://marketrealist.com/why-was-jp-morgan-chase-slapped-with-350-million-penalty/

In a shift, 44% of all single-family home purchases were by private investors in 2023

https://www.washingtontimes.com/news/2024/mar/15/in-shift-44-of-all-single-family-home-purchases-we/

Friday, March 15, 2024

McDonald’s system outages have been reported worldwide. The chain says they’re getting fixed as global shutdowns occur

https://apnews.com/article/mcdonalds-system-outage-b6c71ee8bd36af1eee4b3a5c929dcf6e

Happy hour is back in Indiana thanks to Gov. Holcomb's signature

https://www.indystar.com/story/news/politics/2024/03/14/happy-hour-is-back-in-indiana-thanks-to-gov-holcombs-signature/72968851007/

Tire Makers Say They're Not Liable for Waterway Pollution Because It Takes Years

https://www.thedrive.com/news/tire-makers-say-theyre-not-liable-for-waterway-pollution-because-it-takes-years

US government calls for insurance companies to make advanced payments following cyberattack disruption

https://www.cnn.com/2024/03/10/tech/govt-letter-health-insurance-companies-cyberattack/index.html

Thursday, March 14, 2024

Trump Tariffs to Be Recessionary, Could Spark Inflation Redux, Harvard Economist Says

https://www.businessinsider.com/trump-economic-outlook-recession-inflation-china-tariffs-biden-president-election-2024-3

Former Treasury Secretary Steve Mnuchin says he's putting together investor group to buy TikTok

https://apnews.com/article/tiktok-mnuchin-house-senate-ffdf37776e63a09bb6966d741df7093b

Amid Calls for Return to Office, Study Shows Productivity Surges In Fully Remote Businesses

https://marketrealist.com/report-reveals-that-fully-remote-companies-are-far-more-productive-as-compared-to-businesses-operating-from-offices/

Wednesday, March 13, 2024

Rise of 'College is a Scam' Narrative Reflects Changing Attitudes Towards Higher Education

https://marketrealist.com/does-college-education-pay-well-in-the-long-run/

Northland College fundraises to avoid closure

https://www.insidehighered.com/news/quick-takes/2024/03/13/northland-college-fundraises-avoid-closure

Former Trump official files class-action lawsuit seeking $50 million for lawmakers who say they haven't been paid enough

https://www.businessinsider.com/ken-cuccinelli-class-action-lawsuit-lawmaker-salary-unconstitutional-27th-amendment-2024-3

Indiana banning student use of wireless devices at school

https://www.audacy.com/wbbm780/news/local/indiana-banning-student-use-of-wireless-devices-at-school

Doubts about value are deterring college enrollment

https://www.insidehighered.com/news/students/retention/2024/03/13/doubts-about-value-are-deterring-college-enrollment

Tuesday, March 12, 2024

Consumer prices rise more than forecast as inflation pressures persist

https://finance.yahoo.com/news/consumer-prices-rise-more-than-forecast-as-inflation-pressures-persist-123226166.html

India joins select group of nations able to fire multiple warheads on a single ICBM

https://www.cnn.com/2024/03/12/india/india-mirv-icbm-intl-hnk-ml/index.html

Jamie Dimon Says the Fed Should Wait on Interest Rate Cuts

https://www.businessinsider.com/recession-outlook-jamie-dimon-jpmorgan-us-economy-interest-rates-cut-2024-3

‘We’re hemorrhaging money’: US health clinics try to stay open after unprecedented cyberattack

https://www.cnn.com/2024/03/09/tech/medical-supply-chain-cybersecurity/index.html

President of Fontbonne University talks about school's closing

https://www.audacy.com/kmox/news/local/after-100-years-fontbonne-university-closing

World's Biggest Sand Battery Could Spell The End Of Oil For One Small Town

https://www.iflscience.com/worlds-biggest-sand-battery-could-spell-the-end-of-oil-for-one-small-town-73326

Monday, March 11, 2024

3 Reasons Why Capital One Buying Discover Is Good News for Credit Card Customers

https://www.fool.com/the-ascent/credit-cards/articles/3-reasons-why-capital-one-buying-discover-is-good-news-for-credit-card-customers/

Japan's economy avoids recession by growing in last year's final quarter, according to revised data

https://apnews.com/article/japan-economy-gdp-growth-547eb8abb37f8f6a64f6340f05e97be7

Sell 10-Year US Treasuries With Bond Rally Looking Overdone, Barclays Says

https://www.bloomberg.com/news/articles/2024-03-11/sell-us-treasuries-after-excessive-bond-rally-barclays-says

Sunday, March 10, 2024

Florida Condo Owners Stuck in a Bind With Rising Insurance Costs

https://www.businessinsider.com/florida-condo-owners-prices-drop-insurance-hoa-taxes-increase-2023-3

Legendary Hedge Fund Manager Bill Ackman Eyes Bitcoin, Believes in Its Sky-High Potential

https://u.today/legendary-hedge-fund-manager-bill-ackman-eyes-bitcoin-believes-in-its-sky-high-potential

Saturday, March 9, 2024

Summers Says Fed Is ‘Wrong’ on Neutral, Warns on Rate-Cut Bets

https://www.bloomberg.com/news/articles/2024-03-08/summers-says-fed-is-wrong-on-neutral-warns-on-rate-cut-bets

A surprise recession could strike after an unexpected jump in the unemployment rate, economist says

https://www.businessinsider.com/next-recession-economy-outlook-unemployment-rate-rise-february-jobs-report-2024-3

Friday, March 8, 2024

National Average FICO Credit Score Sees Unprecedented Decline

https://www.blackenterprise.com/national-fico-credit-score-unprecedented-decline-first-time-decade/

Harvard researchers think they know why the booming economy still isn't being felt by average Americans

https://www.businessinsider.com/high-interest-rates-why-americans-hate-economy-harvard-inflation-biden-2024-3

Opinion: The US must step up to protect vital undersea cables

https://www.cnn.com/2024/03/08/opinions/undersea-cables-resilience-salgado/index.html

Thursday, March 7, 2024

Oldest Siblings Make More Money Than Younger Siblings. Researchers Have a New Theory About Why.

https://www.businessinsider.com/why-oldest-siblings-make-more-money-younger-siblings-healthcare-denmark-2024-3

Demand for Online Classes Prompts Closure of In-Person Satellite Centers in Iowa

https://www.insidehighered.com/news/tech-innovation/teaching-learning/2024/03/07/university-iowa-moves-distance-learning-online

Wednesday, March 6, 2024

Real Estate CEO Predicts 500 Banks Will Fail or Be Taken Over by 2026

https://www.businessinsider.com/real-estate-ceo-scott-rechler-regional-banks-commercial-real-estate-2023-3

10 Countries with the Worst National Debt — And How it Can Hit Your Wallet

https://www.gobankingrates.com/money/economy/10-countries-with-worst-national-debt-how-it-can-hit-your-wallet/

'Best exercise for living longer' - and it's not going to the gym

https://www.irishmirror.ie/news/irish-news/health-news/best-exercise-living-longer-its-32279521

The Fight To Discredit the ‘Accreditation Cartel,’ a Quiet Force Regulating Campus Life

https://www.nysun.com/article/the-fight-to-discredit-the-accreditation-cartel-a-quiet-force-pushing-campus-politics-to-the-left

Vanderbilt to pay $55M in 'price-fixing' lawsuit settlement

https://www.tennessean.com/story/news/education/2024/03/06/vanderbilt-pay-55-million-antitrust-financial-aid-fixing-lawsuit/72854973007/

Tuesday, March 5, 2024

US lenders risk triggering new financial crisis, warns IMF

https://www.telegraph.co.uk/business/2024/03/05/us-lenders-risk-triggering-new-financial-crisis-warns-imf/

Credit card late fees to be capped at $8 under Biden campaign against "junk fees"

https://www.cbsnews.com/news/credit-card-late-fees-cfpb-biden-strike-force/

Xi's Paranoia and Secrecy Are Signs of How Badly China's Economy Is Doing

https://www.businessinsider.com/xi-jinpings-paranoia-secrecy-sign-how-badly-china-economy-floundering-2024-3

Monday, March 4, 2024

Fed Interest Rate Policy 'Held Hostage' by Data, Risks Recession: El-Erian

https://www.businessinsider.com/federal-reserve-interest-rates-data-inflation-gdp-recession-el-erian-2024-3

Inflation May Prove Sticky With Pressure Coming From Services

https://www.bloomberg.com/news/articles/2024-03-04/inflation-may-prove-sticky-with-pressure-coming-from-services

Our retirement system is a disaster for working people. We can fix it

https://www.foxnews.com/opinion/retirement-system-disaster-working-people-fix

Sunday, March 3, 2024

The US economy is so strong that there might not be any rate cuts in 2024

https://www.cnn.com/2024/03/01/investing/the-fed-may-not-cut-rates-this-year/index.html

Norovirus warning as bug completely wipes out town closing schools with over a thousand sick

https://www.mirror.co.uk/news/us-news/norovirus-warning-bug-completely-wipes-32250444

Friday, March 1, 2024

Fed Rate Outlook: 10 Reasons Why US Economy Will See No Cuts in 2024

https://www.businessinsider.com/fed-rate-cut-forecast-us-economy-outlook-inflation-torsten-slok-2024-3

9 Statistics That Prove Return to Office Mandates Don’t Work

https://tech.co/news/statistics-return-to-office-mandates-dont-work

Worker Say Their Top Regret Is Staying Too Long at a Job They Hate

https://www.businessinsider.com/worker-say-top-regret-staying-too-long-at-job-2024-2

Mortgage rates remain over 7%, continuing February’s trend

https://finance.yahoo.com/news/mortgage-rates-remain-over-7-continuing-februarys-trend-200438246.html

Merill and Wells Fargo Are Making Bitcoin ETFs More Mainstream

https://www.businessinsider.com/merill-wells-fargo-bitcoin-etf-mainstream-products-wealth-management-2024-2

Real-estate lender NYCB is in turmoil, shredding nerves on Wall Street

https://www.businessinsider.com/new-york-community-bank-nycb-shares-turmoil-ceo-internal-controls-crisis-2024-3

Biden is worried China will use its cars to spy on Americans, begins investigation of chinese cars

https://www.businessinsider.com/biden-administration-investigating-technology-in-chinese-cars-2024-2

Elon Musk sues OpenAI and CEO Sam Altman, claiming betrayal of its goal to openly benefit humanity

https://apnews.com/article/microsoft-sam-altman-openai-chatgpt-425186c7640aa3d0956e99314a9240e2
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Jim Polito
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Marian University
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      • UW-Milwaukee faculty at Waukesha and Washington Co...
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      • US debt: Is America at risk of a Liz Truss-style m...
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      • Debt crisis: U.S. increasingly relies on poorer co...
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      • Chick-fil-A faces criticism after backtracking on ...
      • Investing legend Jeremy Grantham sounds the alarm ...
      • Fed officials are now considering fewer rate cuts ...
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