Economy - Part 3
The China National Petroleum Corporation (CNPC) is reportedly laying the groundwork to revive projects in Venezuela.
According to unnamed sources cited by Bloomberg, CNPC is hiring local enterprises and sending its own staff, including engineers, for main ...[Read more]
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The Urban-Brookings Tax Policy Center recently released a report saying that 61% of U.S. households had paid no federal income tax in 2020, up from 44% in 2019, as the pandemic led to high unemployment and loss of income. Although the number will likely r ...[Read more]
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The abrupt loss of pandemic unemployment benefits on a broad scale could have long-term effects not only for the recipients but also for the economy. ...[Read more]
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As a society, we’re forcing millions of people to go to offices five days a week, eight hours a day, and do nothing ...[Read more]
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Chicago recently made headlines for turning public parks space over to Amazon package lockers. But those lockers are only one example of Amazon and public officials using public-private “partnerships” to give away public resources and harm communities ...[Read more]
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Anew analysis from finance firm Goldman Sachs finds that if Congress doesn’t act soon to pass an eviction moratorium, 750,000 households could face eviction in the fall and winter.
The investment bank estimates that between 2.5 and 3.5 million people in ...[Read more]
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China's top securities regulator pledged on Monday to crack down on mismanaged private funds and weed out fake ones, as the government becomes more assertive in dealing with an industry worth 60 trillion yuan ($9.28 trillion). ...[Read more]
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When you are very rich, you can borrow money at interest rates that are next to zero; you can also take your income in stock, rather than cash. Stock is only taxed when you sell it, and then at the lower capital gains rate, because the IRS rewards gamblin ...[Read more]
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Despite their loud public complaints to lawmakers about the supposed "economic hardships" caused by the CDC's now-terminated eviction moratorium, large real estate companies have privately touted their solid performance during the coronavirus pandemic—a ...[Read more]
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Gaps on supermarket shelves. Fast food outlets pulling milkshakes and bottled drinks from their menus. Restaurants running out of chicken and closing. Empty vending machines. Online grocery orders full of substitutions. Fruit and vegetables rotting in the ...[Read more]
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As September approaches, employers are increasingly asking workers to come in, with many offices adopting hybrid systems after months of working from home – prompting mixed emotions. Commuting can be both expensive and polluting. UK workers pay more of ...[Read more]
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