Tag: Recessions and depressions
Big jump in Indiana budget surplus triggering tax refund
INDIANAPOLIS — A big jump in Indiana’s state tax collections will result in a refund for taxpayers, although they’ll have to wait for that...
UN: world hunger was dramatically worse in pandemic year
ROME — The United Nations on Monday lamented what it called a “dramatic worsening" of world hunger last year, saying much of that is...
Populist Edwin Edwards, a ‘Cajun King,’ loved his Louisiana
NEW ORLEANS, La. — They were tough acts to follow on the stage of 20th century Louisiana politics: the arm-flailing Depression-era orator Huey Long,...
US average mortgage rates continue to fall; 30-year at 2.90%
WASHINGTON — Mortgage rates continued to fall this week, tracking a decline in yields on Treasury securities as the bond market continues to signal...
Have a seat: Patio furniture shortage tells US economic tale
COCKEYSVILLE, Maryland — People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture.
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As employers struggle to fill jobs, teens come to the rescue
WASHINGTON — The owners of restaurants, amusement parks and retail shops, many of them desperate for workers, are sounding an unusual note of gratitude...
Fewer working-age people may slow economy. Will it lift pay?
WASHINGTON — As America's job market rebounds this summer and the need for workers intensifies, employers won't likely have a chance to relax anytime...
Gap to close all UK, Ireland stores; shifts business online
LONDON — In another blow to Britain's retail sector, American clothing company Gap said that it will close all of its stores in the...
US average mortgage rates decline; 30-year at 2.98%
WASHINGTON — Mortgage rates declined this week, with the key 30-year loan slipping back below the 3% mark as the economic recovery from the...
Biden to tout economic benefits of infrastructure package
WASHINGTON — President Joe Biden is hoping to get the bipartisan infrastructure deal on track by highlighting its expected economic benefits, stressing the $973...