Econobits.com

Tuesday, April 30, 2024

What marijuana reclassification means for the U.S.

https://apnews.com/article/marijuana-reclassification-biden-garland-dea-3c9478472e124c7aaa9b934270b0d450

US will reclassify marijuana in historic shift

https://apnews.com/article/marijuana-biden-dea-criminal-justice-pot-f833a8dae6ceb31a8658a5d65832a3b8

China poised to spark huge economic upset as Beijing mulls 'nuclear option' to boost trade

https://www.express.co.uk/news/world/1894032/china-economic-upset-nuclear-option-boost-trade

What to say to a Republican who complains about the federal debt

https://www.alternet.org/federal-debt/

New US cars will be required to have automatic emergency braking in 5 years

https://nypost.com/2024/04/29/business/new-us-cars-will-be-required-to-have-automatic-emergency-braking-in-5-years/

Monday, April 29, 2024

Wells College in Upstate New York to Close at End of Spring Semester

https://www.bloomberg.com/news/articles/2024-04-29/wells-fargo-founder-s-college-in-new-york-s-finger-lakes-to-shut

US opens investigation into Ford crashes involving Blue Cruise partially automated driving system

https://apnews.com/article/ford-blue-cruise-crash-investigation-deaths-4429651e132e3702a6a2a6a127aebbc2

Terrifying new study shows how hip fractures are 'more deadly than cancers' in over 65s

https://www.express.co.uk/life-style/health/1890808/hip-fractures-deadly-study

Sunday, April 28, 2024

The Chips Act is rebuilding US semiconductor manufacturing, so far resulting in $327 billion in announced projects

https://www.techspot.com/news/102770-how-chips-act-remade-us-semiconductor-manufacturing-put.html

President Joe Biden grants US chip giant Micron Technology $6.14 billion funding for chip factories

https://bangpremier.com/permalink/3064486

Saturday, April 27, 2024

Doc warns we're making "same mistakes" as 2020 with bird flu

https://nypost.com/2024/04/26/lifestyle/bird-flu-could-jump-to-humans-any-day-doctor/

College Enrollment Crisis: FAFSA, Student Debt, Birth Rates

https://www.businessinsider.com/college-enrollment-crisis-what-is-causing-it-fafsa-student-debt-2024-4

Can nasal Neosporin fight COVID? Surprising new research suggests it works

https://www.salon.com/2024/04/27/can-nasal-neosporin-fight-covid-surprising-new-research-suggests-it-works/

Friday, April 26, 2024

Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

https://apnews.com/article/republic-first-bank-closure-fdic-ac3caeb6eb7a77b12b01c02d5a289750

China issues US chilling warning of 'downward spiral' as Antony Blinken meets with Xi Jinping

https://www.mirror.co.uk/news/us-news/china-issues-chilling-warning-downward-32677183

As bird flu outbreaks worsen, experts say the situation threatens to spiral out of control

https://www.salon.com/2024/04/26/as-bird-flu-worsen-experts-say-the-situation-threatens-to-spiral-out-of-control/

Colleges are now closing at a pace of one a week. What happens to the students?

https://hechingerreport.org/colleges-are-now-closing-at-a-pace-of-one-a-week-what-happens-to-the-students/

Thursday, April 25, 2024

Southwest Airlines To Fire 2,000 Employees, Cancel Service To Four Airports

https://dailycaller.com/2024/04/25/southwest-airlines-fire-2000-employees-cancel-service-four-airports/

US economy grew by just 1.6% in the first quarter, a much slower pace than expected

https://www.cnn.com/2024/04/25/economy/first-quarter-gdp-economy/index.html

Social Security's 2025 COLA Is on Track to Do Something It Hasn't Done For 15 Years

https://www.fool.com/retirement/2024/04/25/social-securitys-2025-cola-is-on-track-to-do-somet/

Wednesday, April 24, 2024

Opinion: Why memes about Mommy and wine are no joke

https://www.cnn.com/2024/04/24/opinions/women-alcohol-abuse-alaimo/index.html

Tuesday, April 23, 2024

Well, hello, Voyager 1! The venerable spacecraft is once again making sense

https://www.npr.org/2024/04/23/1246392066/nasa-voyager-1-spacecraft-talks-back

China Regulators Give It a Leg up in Burgeoning Flying Car Industry

https://www.businessinsider.com/china-regulators-flying-car-industry-report-2024-4

Monday, April 22, 2024

Tennessee's governor says Volkswagen workers made a mistake in UAW union vote

https://apnews.com/article/volkswagen-uaw-union-vote-ef85b4319a9496f78835614e08a8cb9e

First Black Owned Rocket Company Plans To Send All Black Astronauts To The Moon

https://globalgrind.com/6499287/black-owned-rocket-company/

Tesla Slashes Car and Self-Driving Software Prices After Chaotic Week

https://www.businessinsider.com/tesla-slashes-prices-suv-cars-self-driving-software-before-earnings-2024-4

Sunday, April 21, 2024

10 Things to Know About Annuities

https://www.fool.com/retirement/2024/04/21/10-things-to-know-about-annuities/

Coffee Napping: Why A Little Nap Can Boost Your Caffeine

https://theheartysoul.com/coffee-napping/

Saturday, April 20, 2024

Rents hold the key in core inflation cooling and the Fed's rates moves

https://seekingalpha.com/news/4091665-rents-hold-the-key-in-core-inflation-moderation-and-the-feds-rates-moves-bnp-paribas

Volkswagen workers vote overwhelmingly to join the UAW, giving the union a groundbreaking win

https://www.cnn.com/2024/04/19/business/volkswagen-uaw-vote/index.html

Volkswagen Workers Vote To Unionize In Historic UAW Election That Could Change The Industry Forever

https://www.theautopian.com/volkswagen-workers-vote-to-unionize-in-historic-uaw-election/

Friday, April 19, 2024

Eisenhower was right, every missile fired is a theft from those in need

https://www.scmp.com/opinion/world-opinion/article/3259514/eisenhower-was-right-every-missile-fired-theft-those-need

The Rise of 'Grid Zero': Why more Instagram users are hiding their profile

https://www.npr.org/2024/04/19/1245316400/grid-zero-instagram-users-hiding-profile-privacy

Biden administration bans drilling in nearly half of Alaska petroleum reserve in sweeping win for climate advocates

https://www.cnn.com/2024/04/19/climate/alaska-drilling-ban-biden-climate/index.html

If Congress passes funding, this is how the US could rush weapons to Ukraine for its war with Russia

https://apnews.com/article/ukraine-weapons-russia-congress-aid-a28f463da6df2f144e3bbdbf47254ece

'Peak Boomers' Retiring Without Pensions to Hit Economy, Social Security

https://www.businessinsider.com/how-retirement-of-peak-boomers-could-affect-economy-social-security-2024-4

Mystery flu 'similar to Covid' leaves dozens critically ill with doctors on high alert

https://www.mirror.co.uk/news/health/mystery-flu-similar-covid-leaves-32619076

Economist: Fed's Inflation Problem Is Strong US Demand, Not Oil Prices

https://www.businessinsider.com/fed-inflation-problem-us-economy-demand-not-oil-price-2024-4

Thursday, April 18, 2024

Bird flu jumping to humans is 'enormous concern', says WHO

https://www.telegraph.co.uk/global-health/science-and-disease/bird-flu-jumping-to-humans-is-enormous-concern-says-who/

Commercial real estate foreclosures jumped 117% in March as trouble looms

https://www.foxbusiness.com/economy/commercial-real-estate-foreclosures-jumped-march-trouble-looms

De-Dollarization Isn't Working : Even Businesses in China Are Hanging Onto Their USD

https://www.businessinsider.com/dedollarization-china-businesses-hoarding-us-dollars-fx-earnings-yuan-renminbi-2024-4

World Bank sounds alarm on 'historical reversal' of development for poorest nations

https://www.reuters.com/world/world-bank-sounds-alarm-historical-reversal-development-poorest-nations-2024-04-15/

China unloads more US Treasury bills as odds of Fed rate cuts grow slim

https://www.scmp.com/economy/china-economy/article/3259463/china-unloads-more-us-treasury-bills-odds-fed-rate-cuts-grow-slim

Wednesday, April 17, 2024

New mutated strain of virus with 'pandemic potential' discovered as scientists call for 'urgent measures'

https://www.gbnews.com/health/monkeypox-symptoms-outbreak-congo

Biden is seeking higher tariffs on Chinese steel as he courts union voters

https://apnews.com/article/biden-china-steel-tariffs-union-workers-0399b0450b67086ca86edc43ac45e5e9

America pushes forward with harnessing 'limitless' supply of energy beneath our feet: 'The US can lead the clean-energy future'

https://www.thecooldown.com/green-business/geothermal-energy-us-electricity-network-preparation/

Tuesday, April 16, 2024

Bad News If You're At the End: Alphabetical order of surnames may affect grading

https://record.umich.edu/articles/study-alphabetical-order-of-surnames-may-affect-grading/#:~:text=An%20analysis%20by%20University%20of,ranked%20names%20receive%20lower%20grades.

China Still Struggling With Demand Problem — Bad News for Apple, Tesla

https://www.businessinsider.com/china-economy-slowdown-demand-elon-musk-tesla-tim-cook-apple-2024-4

WSJ: Justice Department will sue Live Nation for antitrust violations

https://www.cnn.com/2024/04/16/business/live-nation-antitrust-violations-lawsuit/index.html

Caitlin Clark's $300k Indiana Fever contract for four years has fans in shock

https://firstsportz.com/caitlin-clarks-contract-for-indiana-fever-wnba-fans-shock/

Brace for the S&P 500 to crash 30% before an even bigger collapse after the election, markets guru David Brady warns

https://www.businessinsider.com/spx-stock-market-outlook-bubble-crash-brady-election-fed-economy-2024-4

Monday, April 15, 2024

Read the Memo Elon Musk Sent Tesla Employees Announcing Mass Layoffs

https://www.businessinsider.com/elon-musk-sent-tesla-employees-email-announcing-layoffs-read-memo-2024-4

Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas

https://apnews.com/article/samsung-chips-computer-semiconductor-2a34bde47a857ae07fc83142c3cc8390

China property: Beijing needs US$2.1 trillion to revive sector as rescue plans have not been good enough, Goldman says

https://www.scmp.com/business/china-business/article/3259078/china-property-beijing-needs-us21-trillion-revive-sector-rescue-plans-have-not-been-good-enough

Sunday, April 14, 2024

Here is how much you should be budgeting for groceries every month

https://www.businessinsider.com/how-much-budget-groceries-family-four-couples-one-person-inflation-2024-4

The Highest-Paying Retail Jobs in the US

https://www.businessinsider.com/best-highest-paying-retail-jobs-us

Saturday, April 13, 2024

Small private colleges are struggling to keep their doors open as declining enrollment leads to financial instability

https://www.cnn.com/2024/04/13/us/private-colleges-closing-enrollment-decline/index.html

"Mind-Bogglingly" High Concentrations Of Helium Found Under Minnesota

https://www.iflscience.com/mind-bogglingly-high-concentrations-of-helium-found-under-minnesota-73760

Friday, April 12, 2024

Drug shortages in U.S. at highest level on record since 2001

https://seekingalpha.com/news/4089131-drug-shortages-us-highest-level-on-record

Fed Interest Rate Cuts: Predictions After New Inflation Data

https://money.com/fed-interest-rate-cuts-predictions-2024/

The Social Security Changes Proposed by Republicans Have a Serious Flaw

https://www.fool.com/retirement/2024/04/12/social-security-changes-by-republicans-have-flaw/

Thursday, April 11, 2024

White-sounding names get called for jobs more than Black ones, study finds

https://www.npr.org/2024/04/11/1243713272/resume-bias-study-white-names-black-names

Internet Providers Must Now Provide This 'Nutrition Facts' Label

https://www.businessinsider.com/internet-providers-must-now-provide-this-nutrition-facts-label-2024-4

China Concerned About Overcapacity, but It Sees It Differently From US

https://www.businessinsider.com/china-overcapacity-us-concerns-green-overproduction-different-yellen-ev-solar-2024-4

Biden administration finalizes rule to close ‘gun show loophole’ in effort to combat gun violence

https://www.cnn.com/2024/04/11/politics/gun-show-loophole-rule-finalized-biden-admin/index.html

Biden to meet with Philippines, Japanese leaders as worry grows about Chinese action in Indo-Pacific

https://apnews.com/article/japan-philippines-trilateral-kishida-marcos-biden-03e6288c5b5155af1bb693a464de875d

Wednesday, April 10, 2024

Bird flu fears surge as student dies from strain already in UK after developing cough

https://www.express.co.uk/news/world/1886815/bird-flu-student-dies-cough-vietnam

Annual inflation ticks higher to 3.5 percent in March

https://thehill.com/business/personal-finance/4583123-march-2024-consumer-price-index-inflation/

A senator is pushing for video conferencing apps (Zoom, Teams, etc) to talk to each other

https://www.pocnetwork.net/technology-news/a-senator-is-pushing-for-video-conferencing-apps-zoom-teams-etc-to-talk-to-each-other/

JPMorgan Drops First Half Recession Call, Sees 55% Odds of Soft Landing

https://www.businessinsider.com/us-recession-odds-economy-outlook-soft-landing-inflation-fed-jpmorgan-2024-4

Tuesday, April 9, 2024

The world narrowly escapes a supply chain doomsday scenario

https://www.japantimes.co.jp/commentary/2024/04/09/world/worrying-about-cybersecurity/

NASA has been asked to create a time zone for the moon. Here's how it would work

https://www.npr.org/2024/04/09/1243405460/space-news-moon-nasa-time-zone-white-house

AUKUS Pact Between the US, UK, and Australia Expanding to Include Japan Has Got China Worried

https://www.businessinsider.com/aukus-china-worried-japan-work-us-uk-australia-security-pact-2024-4

Monday, April 8, 2024

TSMC Strikes $11.6B Deal With Biden to Boost Arizona Chip Production

https://www.businessinsider.com/taiwan-semiconductor-tsmc-biden-microchips-chips-act-election-china-arizona-2024-4

Oil price surge is the No. 1 threat to the US economy, Moody’s economist warns

https://www.cnn.com/2024/04/08/business/oil-price-surge-threat-us-economy/index.html

Jamie Dimon says in shareholder letter AI could be as consequential to the economy as electricity

https://www.cnn.com/2024/04/08/investing/jamie-dimon-shareholder-letter-ai-future/index.html

JPMorgan's Jamie Dimon sounds alarm about possible worst risks to U.S. since WWII

https://www.cbsnews.com/news/jpmorgan-jamie-dimon-us-risks-possible-worst-wwii/

Sunday, April 7, 2024

Researchers evaluate pressing need for 'negative leap second' in our clocks: 'Things are happening that have not happened before'

https://www.thecooldown.com/green-tech/negative-leap-second-climate-change-impacts/

Got $157,500 to Spend on Healthcare in Retirement? If Not, Then Do This.

https://www.fool.com/retirement/2024/04/07/got-157500-to-spend-on-healthcare-in-retirement-if/

After a decade of explosive growth, nearly one-quarter of U.S. electricity now comes from renewables

https://www.goodgoodgood.co/articles/renewable-energy-growth-one-quarter-us-electricity

Saturday, April 6, 2024

Americans pay a high price for the GOP’s fiscal irresponsibility

https://www.alternet.org/gop-fiscal-irresponsibility/

Is the Cuban government on its final leg? Is the US ready to respond?

https://www.miamiherald.com/opinion/article287269020.html

US layoffs reach 14-month high amid government, tech cutbacks

https://www.reuters.com/markets/us/us-layoffs-reach-14-month-high-amid-government-tech-cutbacks-2024-04-04/

Interest Rate 2024 Outlook: More Experts See No Rate Cuts As Economy Strong

https://www.businessinsider.com/interest-rate-2024-outlook-us-economy-fed-cuts-powell-jobs-2024-4

Friday, April 5, 2024

Employers added 303,000 jobs in March, surging past economic forecasts

https://www.cbsnews.com/news/jobs-report-march-2024/

US Treasury Secretary Yellen tells China overcapacity is big problem

https://nordot.app/1148932184886264653

McDonald's Reclaims All Israel Stores, Exposes Cracks in Franchise Model

https://www.businessinsider.com/mcdonalds-israel-buys-back-israeli-franchises-amid-global-boycott-2024-4

BofA Says Rush to Money Market Funds to Last as Fed Cuts Delayed

https://www.bloomberg.com/news/articles/2024-04-05/rush-to-cash-will-reverse-a-year-after-fed-cuts-start-bofa-says

The world is scarred from China shock 1.0. They're not about to let 2.0 happen so easily.

https://www.businessinsider.com/china-shock-explainer-us-economy-trade-dumping-supply-glut-yellen-2024-4

Prominent Economist's Warning on Geopolitical Risks and Their Market Impact

https://www.cryptoglobe.com/latest/2024/04/roubini-warns-the-fed-may-halt-rate-cuts-or-hike-rates-amid-geopolitical-driven-inflation/

CDC taking bird flu 'very seriously' amid plans to mass produce possible vaccine

https://www.irishstar.com/news/us-news/cdc-taking-bird-flu-very-32513994

Thursday, April 4, 2024

Bird flu pandemic could be '100 times worse' than COVID, scientists warn

https://nypost.com/2024/04/04/us-news/bird-flu-pandemic-could-be-100-times-worse-than-covid-scientists-warn/

The End of 6% Real Estate Commissions Could Result in ‘Numerous and Significant’ Repercussions, Expert Warns

https://moneywise.com/a/ch-oath/katrina-campins-says-homeownership-just-got-hit-again

Bank Stress From Empty Offices a ‘Slow Moving Train,’ Fed's Barr Says

https://www.bloomberg.com/news/articles/2024-04-03/bank-stress-from-empty-offices-a-slow-moving-train-barr-says

Wednesday, April 3, 2024

Private sector job growth rises more than expected in March

https://www.foxbusiness.com/economy/private-sector-job-growth-rises-more-than-expected-march

University of Arizona president to step down amid financial shortfall

https://www.insidehighered.com/news/quick-takes/2024/04/03/university-arizona-president-step-down

These bird nests sell for such a high price in China that huge bird hotels have sprung up to harvest the 'caviar of the East'

https://www.businessinsider.com/bird-hotels-indonesia-attract-swiftlets-harvest-bird-nest-soup-delicacy-2024-4

China has flooded the market with so many solar panels that people are using them as garden fencing

https://www.businessinsider.com/china-flood-solar-panel-cell-market-garden-fence-overcapacity-yellen-2024-4

Why the Fed's first rate cut could be delayed until March 2025 if inflation stays stubbornly high

https://www.businessinsider.com/next-fed-interest-rate-cuts-outlook-march-2025-pce-inflation-2024-4

SCOTUS ready to criminalize homelessness in Grants Pass case

https://www.sacbee.com/opinion/op-ed/article287279855.html

Largest fresh egg producer in the US has found bird flu at Texas, Michigan plants

https://apnews.com/article/bird-flu-texas-mississippi-chickens-dbae49f8786dda586036c1b86b9d0997

No Recession, No Fed Rate Cuts — Manufacturing Data Pummels Crypto…

https://coinchapter.com/no-recession-no-fed-rate-cuts-manufacturing-data-pummels-crypto/

Tuesday, April 2, 2024

Bumper corporate profits helped prevent mass layoffs and a recession, says leading economist

https://www.businessinsider.com/corporate-profits-layoffs-unemployment-inflation-recession-growth-moodys-mark-zandi-2024-4

Federal judge rules migrants can sue company that flew them to Martha's Vineyard

https://www.npr.org/2024/04/01/1242131130/migrants-lawsuit-flown-marthas-vineyard-texas-florida-governor-ron-desantis

New study uncovers lesser-discussed yet major driver of inflation: 'The numbers are rather striking'

https://www.thecooldown.com/green-business/climate-driven-inflation-food-prices-study/

Monday, April 1, 2024

CDC confirms second reported case of bird flu in a person in the US

https://www.cnn.com/2024/04/01/health/cdc-bird-flu-dairy-cattle-texas/index.html

US Government Plans To Cull 500,000 Owls Over The Next 30 Years

https://www.iflscience.com/us-government-plans-to-cull-500000-owls-over-the-next-30-years-73607

Accountant Shortage Delays Tupperware's Annual Report

https://www.businessinsider.com/accountant-shortage-companies-delay-key-reports-tupperware-2024-4

How Big Tech Companies Sabotage New Startups — From the Inside

https://www.businessinsider.com/big-tech-sabotages-new-startups-businesses-coopting-disruption-2024-3

Finland is on the verge of an incredible human-made alteration deep beneath the Earth: 'They'll hold a total of 5,500 tonnes of waste'

https://www.thecooldown.com/green-tech/finland-nuclear-waste-storage-onkalo-underground/
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Jim Polito
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Finance and Economic Analysis
Marian University
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      • What marijuana reclassification means for the U.S.
      • US will reclassify marijuana in historic shift
      • China poised to spark huge economic upset as Beiji...
      • What to say to a Republican who complains about th...
      • New US cars will be required to have automatic eme...
      • Wells College in Upstate New York to Close at End ...
      • US opens investigation into Ford crashes involving...
      • Terrifying new study shows how hip fractures are '...
      • The Chips Act is rebuilding US semiconductor manuf...
      • President Joe Biden grants US chip giant Micron Te...
      • Doc warns we're making "same mistakes" as 2020 wit...
      • College Enrollment Crisis: FAFSA, Student Debt, Bi...
      • Can nasal Neosporin fight COVID? Surprising new re...
      • Regulators close Philadelphia-based Republic First...
      • China issues US chilling warning of 'downward spir...
      • As bird flu outbreaks worsen, experts say the situ...
      • Colleges are now closing at a pace of one a week. ...
      • Southwest Airlines To Fire 2,000 Employees, Cancel...
      • US economy grew by just 1.6% in the first quarter,...
      • Social Security's 2025 COLA Is on Track to Do Some...
      • Opinion: Why memes about Mommy and wine are no joke
      • Well, hello, Voyager 1! The venerable spacecraft i...
      • China Regulators Give It a Leg up in Burgeoning Fl...
      • Tennessee's governor says Volkswagen workers made ...
      • First Black Owned Rocket Company Plans To Send All...
      • Tesla Slashes Car and Self-Driving Software Prices...
      • 10 Things to Know About Annuities
      • Coffee Napping: Why A Little Nap Can Boost Your Ca...
      • Rents hold the key in core inflation cooling and t...
      • Volkswagen workers vote overwhelmingly to join the...
      • Volkswagen Workers Vote To Unionize In Historic UA...
      • Eisenhower was right, every missile fired is a the...
      • The Rise of 'Grid Zero': Why more Instagram users ...
      • Biden administration bans drilling in nearly half ...
      • If Congress passes funding, this is how the US cou...
      • 'Peak Boomers' Retiring Without Pensions to Hit Ec...
      • Mystery flu 'similar to Covid' leaves dozens criti...
      • Economist: Fed's Inflation Problem Is Strong US De...
      • Bird flu jumping to humans is 'enormous concern', ...
      • Commercial real estate foreclosures jumped 117% in...
      • De-Dollarization Isn't Working : Even Businesses i...
      • World Bank sounds alarm on 'historical reversal' o...
      • China unloads more US Treasury bills as odds of Fe...
      • New mutated strain of virus with 'pandemic potenti...
      • Biden is seeking higher tariffs on Chinese steel a...
      • America pushes forward with harnessing 'limitless'...
      • Bad News If You're At the End: Alphabetical order ...
      • China Still Struggling With Demand Problem — Bad N...
      • WSJ: Justice Department will sue Live Nation for a...
      • Caitlin Clark's $300k Indiana Fever contract for f...
      • Brace for the S&P 500 to crash 30% before an even ...
      • Read the Memo Elon Musk Sent Tesla Employees Annou...
      • Biden administration agrees to provide $6.4 billio...
      • China property: Beijing needs US$2.1 trillion to r...
      • Here is how much you should be budgeting for groce...
      • The Highest-Paying Retail Jobs in the US
      • Small private colleges are struggling to keep thei...
      • "Mind-Bogglingly" High Concentrations Of Helium Fo...
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