A ray of hope
Petrodollars to solar sense: what will be the conversion rate? Frances Coppola speculates. Slowly but surely, the world is giving up on fossil fuels. First coal, then oil, and finally …
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Debt ceiling fight pits corporate America against Republicans
The debt ceiling battle on Capitol Hill is pitting corporate America against congressional Republicans in a test for business groups that have historically aligned with GOP lawmakers on economic issues. …
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From zippers to glass, shortages of basic goods hobble U.S. economy
Her company, Diamond Brand, just launched a new line of high-end wall tents called the Liminal, thick with vents and fasteners demanded by discerning campers. But that means using lots …
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SEC Threatens Action Against Coinbase
Coinbase, the “largest cryptocurrency exchange” in the U.S., revealed on Wednesday that SEC officials are threatening to sue it “over a proposed financial product that would let customers earn interest …
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The Bond Taper & Why You Should Know About It
You might want to get familiar with this term because you will be hearing it a lot: the bond taper, or more widely known as just the taper. When markets …
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USDA announces biggest SNAP benefits increase in program history
According to agency estimates, the boost will translate to a total of $19.7 billion in additional benefits over a one-year period. The Department of Agriculture (USDA) announced on Monday that …
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Turning MMT into practice
America’s growing income inequality has long needed attention. Last January, under emergency circumstances, it finally got some, in the form of a $1.9 trillion pandemic relief package. The quietly influential …
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The Oil Industry’s New Climate Change Solution Is More Pipelines
Two controversial new projects propose laying thousands of miles of pipe through America’s Corn Belt, carrying liquid carbon dioxide across five states, from Iowa to the Dakotas, where they’d wind …
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Not Even Jerome Powell Gets What’s Up With the Bond Market
You’re in good company if you can’t figure out why U.S. Treasury yields are tumbling. Jerome Powell isn’t sure either. Bonds have relentlessly rallied for months, even as inflation spikes …
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Fraught G20 meeting highlights divisions
G20 environment ministers in Naples, Italy, concluded a “hard-fought summit” yesterday, reports the Financial Times, which “at times appeared to be on the brink of disintegrating”. The newspaper continues: “In the …
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