Nearly 73,000 Arkansans lost Medicaid coverage in April as pandemic-relief programs wind down nationwide. About 15 million people could lose Medicaid coverage around the country over the next year, as states start to determine eligibility for assistance after a provision under the 2020 federal COVID-19 public health emergency law expires in May. At least 93…
Nearly 73,000 Lose Medicaid Coverage in Arkansas as Pandemic Relief Expires
May 10, 2023
admin
ArkansasBusiness & Marketseconomic policieseconomyMedicarepandemic relief programpersonal financePolicies & ImpactsRegional & State NewsSocial IssuesState NewsUSUS News
0 Comment
Your Social Security Checks Could Be Impacted Soon: Here’s Why
May 10, 2023
admin
Business & Marketscongressdebt ceilingeconomic policieseconomyExecutive BranchpaymentsPoliticsSocial SecurityUS
0 Comment
Treasury Secretary Janet Warned that if the United States defaults on its obligations amid a congressional impasse over raising the debt ceiling, Social Security payments could be interrupted. “Treasury finds itself in the position where we’re unable to pay all of the bills that come due that day. And this would be really the first…
Bank of England Suffers From Groupthink, Peers Told
The Bank of England (BoE) needs to increase its intellectual diversity in order to combat groupthink, a House of Lords committee heard. Martin Wolf, chief economics commentator at the Financial Times, said members of the bank’s Monetary Policy Committee (MPC) appeared to have voted “all in lockstep for a very long time.” But the risk of…
Forget the CPI: Real Inflation Is Much Higher
May 10, 2023
admin
blsBusiness & MarketsBusiness Columnistseconomic policieseconomyFedeeral Reservehome pricesinflationOpinionUSViewpoints
0 Comment
Commentary This morning’s release of April’s Consumer Price Index (CPI) data showing inflation had fallen from 5.0 percent in March to 4.9 percent annually was received as a disappointing reminder that inflation, while down from highs in the summer of 2022, is far from behind us. Yet there is increasing evidence to support the suspicion…
A Missed Opportunity for Labor to Do the Hard Yards
Commentary Budgets set priorities. Be it a household, or business enterprise a budget will not only tell you about the source of anticipated income but also where the expenditure and investment for futureproofing is directed. Budgets provide a window into the thinking and aspirations of those involved. Government budgets are no different except for one…
Increasing Competition in Canada: Simply Changing the Law Misses the Point, Says Economist
News Analysis Canada is abound with industries dominated by a handful of players, resulting in higher prices for consumers, less innovation, and weaker economic growth. Ottawa aims to increase competition by revising its outdated legal framework, but a veteran economist says it’s government actions that have been undercutting competition and continue to do so. “It’s…
EPA Proposals Could Lead to Multibillion-Dollar Economic Losses for US: Study
The U.S. Environmental Protection Agency’s (EPA) proposed regulations on air quality could end up costing the American economy billions of dollars and hundreds of thousands of jobs, said a report prepared by Oxford Economics for the National Association of Manufacturers (NAM). In January, the EPA proposed new standards seeking to lower fine particulate matter known…
California Police Department to Replace Vehicle Fleet With Teslas
May 10, 2023
admin
Business & MarketsCaliforniaCompanieseconomic policieseconomyenergypolice vehiclesPolicies & ImpactsRegional & State NewsSouth PasadenaSouthern CaliforniaState NewsteslaUS
0 Comment
The South Pasadena Police Department announced its transition to an all-electric vehicle fleet by acquiring Tesla vehicles. The southern Californian police department said it would lease 20 electric 10 Model Ys and 10 Model 3s, for patrols, detective work, and other duties, for 60 months, which will cost the city nearly $2 million in funds. The…
US Corporate Bankruptcies at Highest Level in 13 Years
May 10, 2023
admin
bankruptcyBed Bath & BeyondBusiness & MarketsCompanieseconomic policieseconomyinflationInvestmentMarketsrecessionUS
0 Comment
U.S. corporate bankruptcies have reached their highest level since 2010. Many American companies have been stumbling in the wake of the pandemic due to increasing interest rates, supply-chain issues, and rising costs. Several of the firms have filed for bankruptcy after access to low interest loans and access to easy money began to wane. “For…
US Annual Inflation Rate Dips Below 5 Percent for First Time in 2 Years
The U.S. annual inflation rate slowed to 4.9 percent in April, down from 5 percent in March, according to the Bureau of Labor Statistics (BLS). This is slightly lower than the consensus estimate of 5 percent. This represented the 10th consecutive monthly drop in the annual inflation rate. The consumer price index (CPI) rose 0.4 percent…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`