Econobits.com

Friday, May 31, 2024

Inflation gauge watched by Fed: Prices well above 2% target

https://nypost.com/2024/05/31/business/inflation-gauge-closely-watched-by-fed-shows-prices-still-well-above-2-target/

Department of Labor sues Hyundai over child labor

https://www.cnn.com/2024/05/31/cars/department-of-labor-sues-hyundai-over-child-labor/index.html

Federal Reserve's preferred inflation gauge eased last month for the first time in 2024

https://apnews.com/article/inflation-prices-election-federal-reserve-rates-economy-d0e67b8a70a3f0c4f201357893d9c972

Largest virtual power plant in U.S. to provide low-cost electricity amid extreme heat: 'More resilient for everyone'

https://www.thecooldown.com/green-tech/california-virtual-power-plant-calready/

Massacre of WiFi routers left 600,000 American families offline

https://cybernews.com/security/massacre-of-wifi-routers-leaves-american-families-offline/

Thursday, May 30, 2024

A Third Person in the U.S. Has Bird Flu. This Time, It's Different

https://time.com/6983927/bird-flu-outbreak-person-infected/

Third case of bird flu confirmed in Michigan farmworker: CDC

https://www.usatoday.com/story/news/health/2024/05/30/bird-flu-news-cases/73909305007/

Dead & Company's 'Dead Forever' Residency Captivates Audiences At Sphere

https://uinterview.com/news/dead-companys-dead-forever-residency-captivates-audiences-at-sphere-setlist-ticket-info/

Jamie Dimon Expects'hell to Pay' If the Private-Credit Market Crack

https://www.businessinsider.com/jamie-dimon-private-credit-market-risks-retail-investors-debt-investing-2024-5

Wednesday, May 29, 2024

Grateful Dead Members Pay Tribute to Bill Walton: “Biggest Deadhead in the World

https://consequence.net/2024/05/grateful-dead-bill-walton-tribute/

World-first tooth-regrowing drug will be given to humans in September

https://newatlas.com/medical/tooth-regrowing-human-trial/

Caitlin Clark Finally Makes Her Haters Shut Up With Absolutely Historic Performance

https://dailycaller.com/2024/05/29/caitlin-clark-indiana-fever-wnba-historic-performance/

US announces 'guardrails' for controversial carbon markets

https://nordot.app/1168156716291063949

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

https://apnews.com/article/federal-reserve-rates-inflation-prices-loans-economy-aab628326f0d539c47fac53ecb5e2932

New study suggests EVs are supercharging an impending environmental crisis

https://www.thestreet.com/electric-vehicles/new-study-suggests-evs-are-supercharging-an-impending-environmental-crisis

Tuesday, May 28, 2024

Russia is producing shells 3 times faster than Ukraine's NATO allies, and for less: report

https://www.businessinsider.com/russia-producing-shells-three-times-faster-cheaper-ukraines-allies-report-2024-5

Some college graduates only need to make a $50,000 salary for a decade for their degrees to be worth it

https://www.businessinsider.com/college-graduate-debt-university-inflation-recession-interest-rates-unemploymentf-2024-5

White House to announce new actions to modernize America’s aging electrical grid

https://www.cnn.com/2024/05/28/climate/energy-grid-modernization-biden/index.html

Railroad Worker Delivers Water by Rail to Navajo Nation From South

https://www.businessinsider.com/railroad-worker-delivers-water-by-rail-navajo-nation-water-crisis-2024-5

A group of emerging nations could soon start knocking down one key pillar of dollar dominance

https://www.businessinsider.com/dedollarization-brics-usd-dollar-central-banks-digital-currency-payments-mbridge-2024-5

Monday, May 27, 2024

People stunned after finding out how a CAPTCHA really works: 'This is terrifying'

https://www.good.is/people-stunned-after-finding-out-how-a-captcha-really-works-this-is-terrifying

China chip industry gets $47.5 billion in new funding

https://www.cnn.com/2024/05/27/tech/china-semiconductor-investment-fund-intl-hnk/index.html

EU-Israel relations take a nosedive as Spain, Ireland set to formally recognize a Palestinian state

https://apnews.com/article/eu-palestinian-recognition-israel-gaza-c92c908ee11f8e4d37756aa44fa588ae

Sunday, May 26, 2024

Red Lobster didn’t go bankrupt because of $20 Endless Shrimp alone — 2 factors that helped sink the seafood chain

https://moneywise.com/a/ch-oath/red-lobster-files-for-bankruptcy

150 Best Places to Live in the U.S. in 2024-2025 | U.S. News

Indianapolis is #66!

https://realestate.usnews.com/places/rankings/best-places-to-live

The 15 Best Retirement Communities Today

https://247wallst.com/retirement/2024/05/25/the-15-best-retirement-communities-today/

Saturday, May 25, 2024

Mark Cuban Defends Biden's Economic Record, Blames Trump For Underperforming 'Obama Economy He Inherited'

https://www.benzinga.com/news/24/05/39015615/mark-cuban-defends-bidens-economic-record-blames-trump-for-underperforming-obama-economy-he-inherite

When Will The Fed Cut Interest Rates? We're In 'The Middle-Of-The-Road Path Of Cutting Gradually': Goldman Sachs

https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39007410/when-will-the-fed-cut-interest-rates-were-in-the-middle-of-the-road-path-of-cutting

What a Comfortable Retirement Will Cost You in 61 of the Largest US Cities

https://www.gobankingrates.com/retirement/planning/what-comfortable-retirement-will-cost-in-large-us-cities/

Recession Will Hit This Year, 21 States Flashing Red Already: Expert

https://www.businessinsider.com/recession-inflation-unemployment-outlook-lazar-economy-inequality-stocks-house-prices-2024-5

Friday, May 24, 2024

U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC

https://www.coindesk.com/policy/2024/05/23/us-house-passes-bill-banning-federal-reserve-from-issuing-a-cbdc/

American Bank Issues One-of-a-Kind 100-Year CD. How Does It Work and Should You Invest?

https://moneywise.com/a/ch-oath/american-bank-issues-one-of-a-kind-100-year-cd

China Has so Many Solar Panels, Its Grid Can't Handle All the Power

https://www.businessinsider.com/china-solar-panel-supply-overcapacity-power-grid-demand-support-energy-2024-5

‘Crisis in dental care’: Bernie Sanders on his fight for better teeth for Americans

https://www.theguardian.com/us-news/article/2024/may/24/bernie-sanders-dental-health-care-bill

NCAA and power conferences agree to settlement paving the way for schools to pay student-athletes

https://www.cnn.com/2024/05/23/sport/ncaa-settlement/index.html

Putin signs decree allowing seizure of Americans' assets if US confiscates Russian holdings

https://apnews.com/article/russia-confiscate-us-assets-putin-320ad169a344c35d5c69c3eb02b8058c

Thursday, May 23, 2024

Rise in new Covid FLiRT variant around the world sparks fears of summer surge in cases

https://www.mirror.co.uk/news/health/rise-new-covid-flirt-variant-32868622

Something Really Awesome Happens When You Use Banana Peel as an Ingredient

https://www.sciencealert.com/something-really-awesome-happens-when-you-use-banana-peel-as-an-ingredient

H5N1 bird flu has spread to human from cow in 2nd probable case, CDC reports

https://www.livescience.com/health/flu/h5n1-bird-flu-has-spread-to-human-from-cow-in-2nd-probable-case-cdc-reports

Can You Guess What The Average Retiree Earns? Here's A Hint — It's Over $70,000

https://www.benzinga.com/personal-finance/24/05/38969552/can-you-guess-what-the-average-retiree-earns-heres-a-hint-its-over-70-000

Wednesday, May 22, 2024

Child diagnosed with bird flu as fears grow over potential killer disease - Irish Star

https://www.irishstar.com/news/us-news/child-bird-flu-australia-infected-32865634

Winged cargo ship with revolutionary tech features completes impressive trial at sea: 'It's an exciting time'

https://www.thecooldown.com/green-tech/wind-power-shipping-pollution-cargo-ship-sails/

Nasa grounds Boeing's $1.5bn Starliner indefinitely as mysterious leak plagues spacecraft's first crewed launch

https://www.the-sun.com/tech/11431026/nasa-boeing-starliner-launch-grounded-cancelled-leak/

US Puts Northeast Gasoline Supply Reserve Up for Sale

https://www.bloomberg.com/news/articles/2024-05-21/us-puts-its-1-million-barrel-gasoline-reserve-up-for-sale

Is hard water bad for you? Two water quality engineers explain the potential benefits and pitfalls

https://medicalxpress.com/news/2024-05-hard-bad-quality-potential-benefits.html

Are second mortgages about to make a comeback? Freddie Mac has a new proposal

https://moneywise.com/a/ch-oath/are-second-mortgages-about-to-make-a-comeback

Fish oil supplements may cause harm to the heart, study finds. ‘Is it time to dump them?’ experts ask

https://www.cnn.com/2024/05/22/health/fish-oil-supplement-dangers-study-wellness/index.html

US Bonds Fall as Traders Look to Fed Minutes for Rate-Cut Clues

https://www.bloomberg.com/news/articles/2024-05-22/us-bonds-fall-as-traders-look-to-fed-minutes-for-rate-cut-clues

Tuesday, May 21, 2024

Import tariffs ‘inevitably’ making US inflation worse, China commentary says, as consumers and firms continue to foot the bill

https://www.scmp.com/economy/global-economy/article/3263521/import-tariffs-inevitably-making-us-inflation-worse-china-commentary-says-consumers-and-firms

Jamie Dimon warns inflation and higher interest rates may linger — and people are running out of spare cash

https://www.businessinsider.com/jamie-dimon-jpmorgan-inflation-consumer-spending-interest-rates-government-debt-2024-5

China is trying to end its ‘epic’ property crisis. The hard work is just beginning

https://www.cnn.com/2024/05/21/economy/china-property-crisis-stimulus-challenges-intl-hnk/index.html

US House of Representatives to Vote on Crypto 'Decentralization Law': Details

https://u.today/us-house-of-representative-to-vote-on-decentralization-law-details

Monday, May 20, 2024

What is BORG drinking, and why is it a dangerous trend? An expert explains

https://www.cnn.com/2024/05/20/health/borg-blackout-rage-gallon-wellness/index.html

Stock Market Outlook: Markets Are so Hot, Even China Is Rallying

https://www.businessinsider.com/stock-market-outlook-rally-sp500-recession-china-economy-interest-rates-2024-5

Target is cutting prices on up to 5,000 items to lure back inflation-wary shoppers

https://www.cnn.com/2024/05/20/business/target-price-cuts/index.html

Red Lobster seeks bankruptcy protection days after closing dozens of restaurants

https://apnews.com/article/red-lobster-bankruptcy-a30cf6293208eefd0aaaf2bcb2782291

Pacers troll Spike Lee after they eliminate Knicks in Game 7

https://nypost.com/2024/05/19/sports/pacers-troll-spike-lee-after-they-eliminate-knicks-in-game-7/

Saturday, May 18, 2024

A Vast, Untapped Source of Lithium Has Just Been Found in The US

https://www.sciencealert.com/a-vast-untapped-source-of-lithium-has-just-been-found-in-the-us

Fed Chair Jerome Powell tests positive again for COVID-19

https://nypost.com/2024/05/17/business/fed-chair-jerome-powell-tests-positive-again-for-covid-19/

Friday, May 17, 2024

COVID "likely growing" in D.C. and 12 states, CDC estimates

https://www.cbsnews.com/news/covid-likely-growing-states-cdc-estimates/

Supreme Court upholds funding structure for consumer watchdog agency

https://www.npr.org/2024/05/16/1251782953/supreme-court-cfpb

Union for Boeing Staff to Give Training on Whistleblower Laws

https://www.businessinsider.com/union-for-boeing-staff-to-give-training-on-whistleblower-laws-2024-5

World’s biggest waste-to-energy facility will power more than 100,000 homes

https://www.cnn.com/world/middleeast/dubai-worlds-biggest-waste-to-energy-facility/index.html

Thursday, May 16, 2024

Biden's tariffs don't loosen China's grip on one key mineral in the EV economy

https://www.businessinsider.com/bidens-tariffs-china-green-tech-graphite-ev-batteries-2024-5

Calls for insects to be added to processed foods to remove the ‘disgust factor’

https://www.independent.co.uk/news/science/eating-insects-flour-food-cooking-b2544617.html

Wednesday, May 15, 2024

CPI report shows inflation slowed to 3.4% in April

https://www.usatoday.com/story/money/2024/05/15/cpi-report-april-inflation-data/73687727007/

Chuck Schumer and bipartisan group of senators unveil plan to control AI – while investing billions of dollars in it

https://www.cnn.com/2024/05/15/tech/schumer-ai-framework/index.html

Fed's Powell says confidence that inflation will slow is 'not as high' as before

https://www.foxbusiness.com/economy/feds-powell-says-confidence-that-inflation-will-slow-is-not-high-before

Tuesday, May 14, 2024

Wholesale price increases accelerated in April as inflation remains sticky

https://apnews.com/article/inflation-federal-reserve-powell-c8c2bf0556446c1c4c858f6fc2f877ea

1 in 3 senior execs say a return-to-office mandate is pushing them to quit

https://www.businessinsider.com/senior-level-job-seekers-quit-over-return-to-office-requirement-2024-5

The US dollar has become so weaponized that central banks are snapping up politically-neutral gold

https://www.businessinsider.com/dedollarization-china-allied-central-banks-hoard-gold-dollar-weaponization-record-2024-5

Biden to announce new 100% tariffs on EVs

https://www.cbsnews.com/news/biden-to-announce-new-100-tariffs-on-chinese-evs/

Monday, May 13, 2024

Lake Tahoe expected to fill for first time in years

https://www.latimes.com/california/story/2024-05-12/lake-tahoe-expected-to-fill

Sunday, May 12, 2024

The midwest is the US’s surprising new outdoor hotspot

https://www.theguardian.com/us-news/article/2024/may/12/us-midwest-outdoor-hotspot

How Does an Annuity Ladder Work and Is Right for Your Retirement Strategy?

https://www.gobankingrates.com/retirement/planning/how-does-an-annuity-ladder-work-and-is-right-for-your-retirement-strategy/

Saturday, May 11, 2024

Fast food is expensive. Applebee’s and Chili’s are moving in

https://www.cnn.com/2024/05/11/business/applebees-chilis-mcdonalds-prices/index.html

America's debt tops $34 trillion, but a commission to address it appears dead in Congress

https://apnews.com/article/federal-debt-bipartisan-commission-taxes-spending-cuts-5075a3c7890d2f3b7f21b4eeda9372eb

Friday, May 10, 2024

Elon Musk Really Wants You to Think Tesla Has a Supercharger Plan

https://www.businessinsider.com/elon-musk-tesla-superchargers-strategy-investment-electric-vehicles-firing-team-2024-5

Ascension hospitals in Indiana affected by national cyberattack

https://www.indystar.com/story/news/health/2024/05/09/ascension-hospitals-in-indiana-affected-by-national-cyberattack/73627791007/

New COVID ‘FLiRT’ variants show virus isn’t going away

https://thehill.com/policy/healthcare/4654808-new-covid-flirt-variants-coronavirus/

American Hospitals Are Now Demanding Upfront Payment for Surgery

https://www.businessinsider.com/american-hospitals-corporations-charge-upfront-surgery-healthcare-2024-5

Thursday, May 9, 2024

Ascension Wisconsin hospitals hit by cyberattack, disrupting care

https://www.jsonline.com/story/news/health/2024/05/09/ascension-wisconsin-hospitals-hit-by-cyberattack-disrupting-care/73625723007/

A strong US dollar could bring Asia more pain, especially if Trump wins

https://www.scmp.com/opinion/asia-opinion/article/3261970/strong-us-dollar-could-bring-asia-more-pain-especially-if-trump-wins

Wednesday, May 8, 2024

De-Dollarization: USD so Strong PBOC, Other Central Banks Keeps Buying Gold

https://www.businessinsider.com/dedollarization-usd-strong-china-pboc-central-banks-buy-gold-inflation-2024-5

Tuesday, May 7, 2024

Fed’s Kashkari: Rates will stay high for 'extended period' and can't rule out a hike

https://finance.yahoo.com/news/feds-kashkari-rates-will-stay-high-for-extended-period-and-cant-rule-out-a-hike-171309962.html

Slowing America’s migrant and drug crises starts with helping Guatemala

https://thehill.com/opinion/international/4646407-slowing-americas-migrant-and-drug-crises-starts-with-helping-guatemala/

US Inflation Outlook: Prices Will Soar If America Doesn't Reindustrialize

https://www.businessinsider.com/us-inflation-outlook-prices-infrastructure-industrialization-america-trade-deficit-deglobalization-2024-5

New COVID variant 'FLiRT': What to know about spread, symptoms

https://www.usatoday.com/story/news/health/2024/05/07/new-covid-variant-flirt/73596421007/

If Social Security not fixed, retirees face automatic cut in 2033

https://www.npr.org/2024/05/06/1249406440/social-security-medicare-congress-fix-boomers-benefits

Monday, May 6, 2024

China's trade war with the US is unlikely to cool down this election year, so it's working on Europe instead

https://www.businessinsider.com/china-xi-visit-france-macron-europe-trade-relations-us-tensions-2024-5

China’s Mideast peacemaker drive signals ‘major’ post-war ambitions in the region: analysts

https://www.scmp.com/news/china/diplomacy/article/3261387/chinas-mideast-peacemaker-drive-signals-major-post-war-ambitions-region-analysts

ByteDance lifestyle app Lemon8 sees popularity surge in the US as TikTok faces sell-or-ban ultimatum

https://www.scmp.com/tech/big-tech/article/3261574/bytedance-lifestyle-app-lemon8-sees-popularity-surge-us-tiktok-faces-sell-or-ban-ultimatum

Sunday, May 5, 2024

Measles May No Longer Be 'Eliminated' In The U.S. After Surge Of Cases, CDC Says

https://uinterview.com/news/measles-may-no-longer-be-eliminated-in-the-u-s-after-surge-of-cases-cdc-says/

University dean fears '99.9 per cent' of his students are using AI to write essays

https://www.telegraph.co.uk/education-and-careers/2024/05/05/university-dean-fears-students-using-ai-write-essays/

Buffett Says No Other Americans Would Have Had To Pay Even A Dime In Federal Taxes If This Had Happened

https://www.benzinga.com/government/24/05/38630925/buffett-says-no-other-americans-would-have-had-to-pay-even-a-dime-in-federal-taxes-if-this-had-happe

Saturday, May 4, 2024

Private Equity Firm Accused of Illegally Buying Life Insurance Policies on Old People to Profit From Their Deaths

https://futurism.com/neoscope/equity-firm-life-insurance-policies

North Carolina HBCU faces battle with IRS, risks being shut down

https://abcnews.go.com/US/north-carolina-hbcu-faces-battle-irs-risks-shut/story?id=109823425

As IQ scores decline in the US, experts blame the rise of tech— how stupid is your state?

https://nypost.com/2024/05/03/lifestyle/iq-scores-decline-in-the-us-where-does-your-state-rank/

Friday, May 3, 2024

Jobs report shows marked April slowdown, prompting Fed rate-cut bets

https://www.thestreet.com/investing/stocks/jobs-report-shows-marked-april-slowdown-prompting-fed-rate-cut-bets

12 Signs You’re Doing Well Financially When You're Over 60

https://financebuzz.com/doing-well-financially-passed-sixty-3?pid=1692

Launching an effective bird flu vaccine quickly could be tough, scientists warn

https://www.npr.org/sections/health-shots/2024/05/03/1248092856/bird-avian-flu-vaccine-human-pandemic

China is building a huge network of satellites that could be used against US troops: intel chief

https://www.businessinsider.com/china-building-satellite-network-target-us-troops-intel-chief-gagnon-2024-5

Thursday, May 2, 2024

Bond king Bill Gross sees 10Y yield rising above 5% - Calls his total return strategy dead

https://seekingalpha.com/news/4098884-bond-king-bill-gross-calls-his-total-return-strategy-dead-sees-10y-yield-rising-above-5

Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks

https://seekingalpha.com/news/4098124-oil-prices-tumble-on-surprise-build-in-us-crude-stocks

Experts raise concerns over serious mental health implications of unprecedented lack of sunlight: 'People may notice they feel more depressed'

https://www.thecooldown.com/outdoors/great-lakes-region-cloud-cover-mental-health-sad/

Northland College in Wisconsin to remain open under new, smaller model

https://www.jsonline.com/story/news/education/2024/05/01/northland-college-in-wisconsin-to-remain-open-under-new-smaller-model/73354789007/

Indiana's private-for-profit asset forfeiture undermines justice

https://www.latimes.com/opinion/story/2024-05-02/editorial-indiana-asset-forfeiture-prosecution-for-profit

Wednesday, May 1, 2024

The Fed announced a big change today. And no, we’re not talking about interest rates

https://www.cnn.com/2024/05/01/investing/premarket-stocks-trading/index.html

People are Making Millions by Booking Tables at NYC Restaurants to Flip Their Reservations Later

https://marketrealist.com/people-are-making-money-by-selling-nyc-restaurant-reservation-heres-why/

FCC slaps four major US carriers with a fine over selling customers' location data

https://www.androidpolice.com/fcc-fines-att-t-mobile-verizon-unauthroized-sharing-location-data/

A national shortage of construction workers is driving high home prices. The industry is struggling to fill the gap.

https://www.businessinsider.com/housing-crisis-national-shortage-construction-workers-job-demand-2024-5
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Jim Polito
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Marian University
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      • Inflation gauge watched by Fed: Prices well above ...
      • Department of Labor sues Hyundai over child labor
      • Federal Reserve's preferred inflation gauge eased ...
      • Largest virtual power plant in U.S. to provide low...
      • Massacre of WiFi routers left 600,000 American fam...
      • A Third Person in the U.S. Has Bird Flu. This Time...
      • Third case of bird flu confirmed in Michigan farmw...
      • Dead & Company's 'Dead Forever' Residency Captivat...
      • Jamie Dimon Expects'hell to Pay' If the Private-Cr...
      • Grateful Dead Members Pay Tribute to Bill Walton: ...
      • World-first tooth-regrowing drug will be given to ...
      • Caitlin Clark Finally Makes Her Haters Shut Up Wit...
      • US announces 'guardrails' for controversial carbon...
      • Inflation pressures lingering from pandemic are ke...
      • New study suggests EVs are supercharging an impend...
      • Russia is producing shells 3 times faster than Ukr...
      • Some college graduates only need to make a $50,000...
      • White House to announce new actions to modernize A...
      • Railroad Worker Delivers Water by Rail to Navajo N...
      • A group of emerging nations could soon start knock...
      • People stunned after finding out how a CAPTCHA rea...
      • China chip industry gets $47.5 billion in new funding
      • EU-Israel relations take a nosedive as Spain, Irel...
      • Red Lobster didn’t go bankrupt because of $20 Endl...
      • 150 Best Places to Live in the U.S. in 2024-2025 |...
      • The 15 Best Retirement Communities Today
      • Mark Cuban Defends Biden's Economic Record, Blames...
      • When Will The Fed Cut Interest Rates? We're In 'Th...
      • What a Comfortable Retirement Will Cost You in 61 ...
      • Recession Will Hit This Year, 21 States Flashing R...
      • U.S. House Passes Bill Banning Federal Reserve Fro...
      • American Bank Issues One-of-a-Kind 100-Year CD. Ho...
      • China Has so Many Solar Panels, Its Grid Can't Han...
      • ‘Crisis in dental care’: Bernie Sanders on his fig...
      • NCAA and power conferences agree to settlement pav...
      • Putin signs decree allowing seizure of Americans' ...
      • Rise in new Covid FLiRT variant around the world s...
      • Something Really Awesome Happens When You Use Bana...
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