Business and Economics
- Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%www.cnbc.com Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%
The consumer price index for December was expected to increase 0.2% on a monthly basis and 3.2% from a year ago, according to Dow Jones.
- Why can’t today’s young adults leave the nest? Blame high housing costswww.cnbc.com Why can’t today’s young adults leave the nest? Blame high housing costs
Nearly one-third, or 31%, of Gen Z are living with their parents because they can't afford to buy or rent their own space, according to a recent report.
- Study: How Removing Mafia Infiltration in Cities Impacts Economic Growthbigfiscal.substack.com Study: How Removing Mafia Infiltration in Cities Impacts Economic Growth
Why it Matters: Organized crime significantly impacts economic and social landscapes. Its deep-seated influence challenges growth and development, especially in regions where it has firmly entrenched itself over the years.Thanks for reading Big Fiscal! Subscribe for free to receive new posts and sup...
- UK: Austerity & Fertilitydocs.stoppopulationdecline.org UK: Austerity & Fertility
How austerity measures in the UK affect reproductive decisions, focusing on the North East of England and introducing the concept of 'carrying' in social reproduction.
- US: Higher Unemployment Insurance Increase Family Stabilitydocs.stoppopulationdecline.org US: Higher Unemployment Insurance Increase Family Stability
Unemployment insurance generosity in the US impact family stability, divorce probabilities, and fertility decisions, with a focus on gender differences.
- IT Employment Grew by Just 700 Jobs in 2023, Down From 267,000 in 2022www.wsj.com IT Employment Grew by Just 700 Jobs in 2023, Down From 267,000 in 2022
Despite business and investor hype around generative AI last year, information-technology hiring slumped as companies laid off workers and sought to cut costs.
- Black and Latino Americans haven’t experienced the same economy as everyone elsewww.vox.com Black and Latino Americans haven’t experienced the same economy as everyone else
For these families, the last few years’ economic tumult has been particularly pronounced.
- Powell Says U.S. Isn't in Recession, Sees Path to Economic Soft Landingwww.barrons.com Powell Says U.S. Isn't in Recession, Sees Path to Economic Soft Landing
Federal Reserve Chair Jerome Powell pushed back on the idea that the U.S. economy is currently in a downturn, despite consumers’ pessimism. “There's little basis for thinking that the economy is in a recession now,” Powell said. He noted that while there is always a probability that there will be
- Mergers and Acquisitions (M&As) Impact on Drug Innovation and Pricingopen.substack.com Mergers and Acquisitions (M&As) Impact on Drug Innovation and Pricing
A new study provides crucial insights into how these corporate maneuvers are altering the very fabric of the pharmaceutical industry, from research and development to the pricing.
- Tesla Faces Off Against Nordic Labor Solidarityprospect.org Tesla Faces Off Against Nordic Labor Solidarity
The company refuses to play ball with its Swedish mechanics union. So the labor movement is shutting it down.
- Germany approves financial reforms to help its tech industry compete with Silicon Valleywww.cnbc.com Germany approves financial reforms to help its tech industry compete with Silicon Valley
Germany on Friday approved a litany of changes to its rules for stock-based compensation at tech startups, listing of companies and taxation.
- China’s Belt and Road Initiative in Southeast Asia: The Next Decadethediplomat.com China’s Belt and Road Initiative in Southeast Asia: The Next Decade
A closer look at the future prospects of Beijing’s BRI in the region.
- Men's Employment Crisis: Only 41% Experienced Steady Careersstoppopulationdecline.org Men's Employment Crisis: Only 41% Experienced Steady Careers
There is a men's employment crisis, only 41% of baby boomer men followed a consistent work trajectory. This challenges long held notions
- Due to elder care costs, the Great Wealth Transfer may not be so great - Marketplacewww.marketplace.org Due to elder care costs, the Great Wealth Transfer may not be so great - Marketplace
Thanks to inflation and long-term care, families are less likely to inherit large sums saved up by their parents or grandparents.
- [Analysis] How austerity is pushing Europe to extremismeuobserver.com [Analysis] How austerity is pushing Europe to extremism
A recent study convincingly shows that for every one percent cut in regional public spending, the vote share of extreme parties increases by 1.5 percentage points in the first year and three percentage points two years after the cuts.
- Labor Unions Are Industrial Policywww.thebignewsletter.com Labor Unions Are Industrial Policy
Last week, the United Auto Workers reached a deal with Stellantis to re-open an idled Belvidere Assembly Plant. "We made them invest," said transformational UAW President Shawn Fain.
- Rise in Temp Jobs Linked to Decline in Permanent Job Quality in Italyopen.substack.com Rise in Temp Jobs Linked to Decline in Permanent Job Quality in Italy
A GLO Discussion Paper Reveals How Increased Use of Temp Workers Erodes Non-Wage Benefits and Skills in Long-Term Roles
- Underpayment Following Minimum Wage Hikes: Who Bears the Brunt?open.substack.com Underpayment Following Minimum Wage Hikes: Who Bears the Brunt?
Underpayment, as a consequence of these wage increases, varied significantly among demographic groups.
- The Secretive Industry Devouring the U.S. Economywww.theatlantic.com The Secretive Industry Devouring the U.S. Economy
Private equity has made one-fifth of the market effectively invisible to investors, the media, and regulators.
- Inflation & Unemployment: Impact on Institutional Trustopen.substack.com Inflation & Unemployment: Impact on Institutional Trust
The surprising findings of a GLO paper examining 1.9 million people across 156 countries
- The ‘great wealth transfer’ isn’t $72 trillion but $129 trillion, BofA says—and the government gave most of it to baby boomersfinance.yahoo.com The ‘great wealth transfer’ isn’t $72 trillion but $129 trillion, BofA says—and the government gave most of it to baby boomers
Boom! Government policy has really enriched a certain generation of Americans—ones who have been in power for decades.
- When Idiot Savants Do Climate Economicstheintercept.com When Idiot Savants Do Climate Economics
How an elite clique of math-addled economists hijacked climate policy.
- New Lithography Gear Produces 2nm Chips Without ASML's EUVponderwall.com Canon's New Nanoimprint Lithography Produces 2nm Chips
The Japanese company Canon has released a new cutting-edge lithography machine using a more cost-effective process than ASML's EUV.
- How Effective Are Entrepreneurship Programs: Results from Rwandaopen.substack.com How Effective Are Entrepreneurship Programs: Results from Rwanda
Rwanda's ambitious entrepreneurship program for secondary school teachers underwent a comprehensive evaluation.
- Poland changes construction laws to curb “pathological” housing developmentnotesfrompoland.com Poland changes construction laws to curb "pathological" housing development
The new rules increase the distance between blocks on neighbouring plots and set requirements for playgrounds and green spaces.
- Argentine Economy Grew Again in August Despite Inflation Spikewww.bloomberg.com Argentine Economy Grew Again in August Despite Inflation Spike
Argentina’s economy expanded in August despite a steep currency devaluation that unleashed price spirals not seen in three decades.
- Hospital Closures: A Working Paper Examines Impact on Patient Careopen.substack.com Hospital Closures: A Working Paper Examines Impact on Patient Care
Diving Deeper on the Nuances of Healthcare Disruptions
- Stimulus Checks, Child Tax Credit Had Historic Impact on Leveling Economic Playing Field — 7 Key Takeaways from New Treasury Reportfinance.yahoo.com Stimulus Checks, Child Tax Credit Had Historic Impact on Leveling Economic Playing Field — 7 Key Takeaways from New Treasury Report
Economic stimulus programs rolled out during the COVID-19 pandemic contributed to "the most equitable recovery in recent history," according to a new report from the U.S. Department of the Treasury....
- The Banality of Price Fixingwww.thebignewsletter.com The Banality of Price Fixing
Software-enabled price fixing schemes are pervasive in the economy, and are likely driving high prices. Why is it so hard to challenge these conspiracies under antitrust law?
- Student debt and homeownership barriers in D.C.www.epi.org Student debt and homeownership barriers in D.C.
In Washington D.C., rising student loan debt is associated with low homeownership rates, exacerbating racial and economic inequalities. Since the implementation of the COVID-19 repayment pause, there has been a slight decrease in overall student loan debt. Despite this, young borrowers in the Distri...
- Tackling the problem of ‘captive audience’ meetings: How states are stepping up to protect workers’ rights and freedomswww.epi.org Tackling the problem of ‘captive audience’ meetings: How states are stepping up to protect workers’ rights and freedoms
Political and religious coercion in the workplace is a growing problem affecting workers from all backgrounds and across the political spectrum. U.S. employers have tremendous power over worker conduct under current federal laws. For example, employers can require workers to attend “captive audience...