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“Europe’s economic troubles threaten entire globe’s finances” Troubles have come to the eurozone economy not as single spies but in battalions. First, it was the COVID pandemic, which hit major eurozone economies like those of Italy and Spain particularly hard. Then it was a surge in eurozone inflation to record levels, which will soon force…
“Inflation rate surpasses a three decade high” Politics Insider for April 21: Prices jump more than expected in March; Freeland and allies stage a G20 walkout; Poilievre’s brewing battle Welcome to a sneak peek of the Maclean’s Politics Insider newsletter. Sign up to get it delivered straight to your inbox in the morning. Inflation rose to 6.7 per cent in March,…
“Democrats are in dreamland if they think Biden can run and win in 2024” President Joe Biden has reportedly told former President Barack Obama that he intends to run for re-election in 2024. He wanted to be president for decades, so his desire to keep the Oval Office is unsurprising. But the case for a…
“Democrats’ happy talk can’t hide the havoc inflation is wreaking” Democrats’ latest Hail Mary effort to sell themselves in advance of November’s election turns on claiming the US economy is doing great, with employment up 6.5 million this last year. It’s doomed to fail, for two big reasons. First, everyone knows these are still overwhelmingly…
“All eyes on Eric Adams and other commentary” Crime beat: All Eyes on Eric Adams A mass subway shooting, “during rush hour, might prove a turning point for city residents,” who thanks to remote work can “avoid the subways in much larger numbers,” warns City Journal’s Rafael A. Mangual. That “poses a real threat to…
“Fears of recession are everywhere — except the White House” With prices soaring, labor shortages, the Ukraine war raging, supply-chains snarled and interest rates now set to rise, fears of a looming recession are everywhere. Except, of course, at the White House — which is in utter denial. Just as it was over inflation. “‘Inflation…
“Letters to the Editor — April 17, 2022” Uber’s price surgeYou report that critics of Uber call that company’s rising fares “downright unethical” (“We are being taken for a ride,” April 15). Prices reflect underlying realities of demand and supply. In New York City, rising crime (thanks, Bill de Blasio!) simultaneously raises the demand for…
“Distanced US workers could be on sidelines indefinitely” Several million Americans who left the workforce during the COVID-19 pandemic expect to remain on the sidelines indefinitely, according to a report. Workers who chose to stay home because they fear getting ill or have physical impairments could be exacerbating the national labor shortage for years, according…
“There’s nothing ‘normal’ about the Joe Biden era” Joe Biden is falling down on his promise to bring normality back to the presidency for a basic reason — he’s not normal. Biden’s long pedigree, conventional politics and contrast with Donald Trump suggested that he’d bring predictability and calm to the highest reaches of the nation’s…
“Why beef jerky sales are plummeting as fuel prices go up” Beef jerky sales are tumbling as consumers struggle to fill their gas tanks, according to a Wall Street analyst. Convenience stores are the canary in the coal mine when it comes to salty and sweet snack sales including beef jerky brands like Slim Jim,…