Members phkrause Posted September 13 Author Members Posted September 13 America In Focus: inflation accelerated in August, home sales weaken and diesel prices soar The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Read More. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted September 13 Author Members Posted September 13 💰 America's borrowing binge Illustration: Sarah Grillo/Axios Americans are facing a rising tab as a multi-decade borrowing binge collides with a spike in energy prices caused by the Iran war. Long-term interest rates are surging, as are consumer prices. It's a toxic mix of near-term inflation pressures and years of fiscal imbalance, Axios' Neil Irwin reports. 📈 Driving the news: The yield on the benchmark 10-year U.S. Treasury note rose to 4.97% Friday, up a full percentage point since the end of February, and only a hair below its high since 2007. That rate helps set borrowing costs across the economy, from business loans to mortgages. The rate on a 30-year fixed-rate mortgage has risen in lockstep, reaching 7.08% Friday, per Mortgage News Daily — the highest in more than a year. Gasoline is now at a national average of $4.31 a gallon, while diesel has climbed to over $6 a gallon. 👀 All this means the Fed is now expected to raise its target interest rate this week, but longer-term borrowing rates are set in global markets — and determined by bigger forces. Read on. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted September 15 Author Members Posted September 15 🍽️ 1 for the road: America's best tippers Data: Toast. Map: Sami Sparber/Axios Delaware, West Virginia and New Hampshire are home to America's top tippers, with diners leaving around 21% on average, according to new Toast data shared first with Axios' Sami Sparber. Why it matters: "Tip fatigue" is fueling a broader rethink of tipping culture, even as average tips haven't changed much over the past two years. 🧮 By the numbers: Nationwide, diners tipped roughly 19% on average across all restaurant types in Q2 2026. At the bottom: California, D.C. and Washington state, where averages run under 18%. Keep reading. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted September 16 Author Members Posted September 16 📈 Charted: America's income record Data: Census Bureau. Chart: Russell Contreras/Axios U.S. household income hit a record in 2025, Axios' Russell Contreras writes from new census data. Inflation-adjusted household income rose 2.6% to $87,460 in 2025, the highest since records began in 1967. The official poverty rate fell for a third straight year, dropping slightly to 10.2%. 👓 Between the lines: The economy delivered historic topline numbers, but the gains weren't spread evenly. Income among the wealthiest 10% of Americans rose 1.7%, while income among the bottom 10% showed no significant change. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted September 17 Author Members Posted September 17 💰 CEO confidence hits 4-year high New this morning: CEO economic confidence is the highest since 2022, with that optimism now spilling into plans to hire more workers, Axios Macro authors Courtenay Brown and Neil Irwin write. The Business Roundtable's CEO Economic Outlook Index climbed 3 points in the third quarter, to 94 — the fifth consecutive increase and well above the historical average of 83. The index has climbed steadily from a five-year low after President Trump's "liberation day" tariffs early last year. Explore the data ... Keep reading. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted September 20 Author Members Posted September 20 What you need to know about immigrant workers and the economy 203,000 immigrants reside in Alabama, comprising 4% of the total population in the state. That’s nearly 1 out of every 20 Alabamans. 40% of immigrants in Alabama are naturalized citizens. 114,000 U.S.-born Alabamans live with at least one immigrant parent, accounting for 2.3% of the total U.S.-born resident population in the state. https://www.epi.org/what-you-need-to-know-about-immigrant-workers/? No Multipliers: MVPC Fails to Spur Local Economy Moshannon Valley Processing Center opened in 2006 after an extended controversy around having a for-profit prison in Clearfield County. The prison closed in March 2021 and then re-opened as a detention center for immigrants, amidst a new controversy, in September 2021. The five-year contract with Immigration and Customs Enforcement is currently being considered for renewal or reconsideration. https://immresearch.org/reports/no-multipliers-mvpc-fails-to-spur-local-economy/? Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted September 24 Author Members Posted September 24 Wage suppression in 10 charts Wages for typical workers have been largely suppressed since the 1970s. The 10 charts below tell that story. https://www.epi.org/publication/wage-suppression-in-10-charts/? Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted September 27 Author Members Posted September 27 CEO pay surged in 2025 Our latest analysis finds that CEO pay rose 14.0% at the top 350 U.S. firms in 2025 as the CEO-to-worker pay ratio hit 325-to-1. https://www.epi.org/blog/ceo-pay-surged-in-2025-ceos-are-paid-325-times-as-much-as-the-typical-worker/? Wage suppression in 10 charts Wages for typical workers have been largely suppressed since the 1970s. The 10 charts below tell that story. https://www.epi.org/publication/wage-suppression-in-10-charts/? Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted Monday at 07:48 PM Author Members Posted Monday at 07:48 PM 💰 It's a 5% world Illustration: Gabriella Turrisi/Axios The cost of borrowing money is moving unrelentingly higher, with profound implications for savers, borrowers and the U.S. government's fiscal outlook, Axios chief economic correspondent Neil Irwin writes. The bond market moves over the last few weeks have pushed most risk-free interest rates north of 5%. Barring a rapid reversal, expect pain in interest-sensitive sectors like housing, new stress on government finances and greater risks of financial disruption. 🔭 Zoom out: It's clearer than ever that the era of cheap borrowing and abundant capital that lasted from 2008 to 2021 is well and truly over. Anyone looking for a home mortgage or car loan is competing with the voracious capital needs of the AI giants and the U.S. government. State of play: The recent surge in longer-term rates is poised to push 30-year fixed-rate mortgages to near 8%. Mortgage rates got that high briefly in the fall of 2023. But the last time they were above that level on a sustained basis was in 2000. Read on. Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted Thursday at 12:55 AM Author Members Posted Thursday at 12:55 AM US economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate WASHINGTON (AP) — The U.S. economy grew at a solid 2.2% pace from April through June as consumer spending and business investment came in strong. https://apnews.com/article/economic-growth-inflation-trump-trade-b759367e9e6149fe145652cc95887aa0? Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
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