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The pandemic and skyrocketing housing costs are pushing more people onto the streets. As shelters struggle to keep up, more cities and states are making it illegal to sleep outside. But housing advocates say that criminalizing homelessness is not a fix and could make it harder for people to find permanent shelter. Plus, what the producer price index tells us about inflation and how schools are dealing with chronic absenteeism.
Inflation clocked in at 8.5% annually in July, meaning that price gains have slowed but are still way up year over year. Today, we take a closer look at how gas prices can have an oversized impact on the consumer price index and why the costs of cooking at home are rising faster than your restaurant bill. Plus, the ongoing fight to expand tribal broadband access and the struggles of understaffed summer camps.
The 755-page Inflation Reduction Act, expected to pass in the House of Representatives, will take aim at legislative priorities like taxes, the climate crisis and health care. Today, we’ll take a deeper look at two components of the bill: some big wins for Big Oil and Medicare’s ability to negotiate prescription drug prices. Plus, workers take on multiple jobs to make ends meet, and a cross-country bike trip inspires a career change.
Amid rising interest rates and falling GDP, July’s jobs report shattered expectations and brought employment back to pre-pandemic levels. On today’s show, we’ll talk with a bunch of experts about what to make of the news and where the economy is headed. Plus: Amazon is buying Roomba maker iRobot and Claire’s is going public.
During the height of the pandemic, state-run unemployment systems struggled to support applicants. Though states are investing in upgrades, benefits vary widely and the technology remains outdated. Now, as the job market cools and jobless claims rise, labor economists worry whether the unemployment system is equipped for another onslaught. Plus, Instagram’s shift to video challenges art entrepreneurs and FX’s “The Bear” aces the drama of restaurant work.
OPEC+ recently pledged to boost oil production by 100,000 barrels a day. Though it sounds like a lot, it likely won’t temper high oil prices much and may indicate that the oil cartel expects a dip in demand and a potential recession. Plus, credit card debt is on the rise, a new era of TV centers on Native people and Germany’s reliance on Russian oil stokes economic anxieties.
The shipping industry has enjoyed buoyant profitability lately. But today’s supply chain looks a lot like last year’s. That is to say … not great. In today’s show, we’ll find out why history is repeating itself. Plus, refiners are doing well despite the slide in gasoline prices, and we take a trip to HP’s ink cartridge recycling plant.
Less than a year ago, the Supreme Court overturned a nationwide eviction moratorium. Now, with inflation at a multidecade high and rents rising, eviction filings have reached pre-pandemic levels. Today we explore the impact on the hardest-hit communities and the government’s role in addressing the crisis. Plus, Congress gets into the fight against inflation, and inflation enters salary negotiations.
We’ve said it before, and we’ll say it again: Two consecutive quarters of shrinking gross domestic product do not necessarily spell recession. Today, we’ll take a big-picture view of what the GDP report does and doesn’t tell us about the strength of the American consumer and the overall economy. Also on today’s show: a potential electric vehicle tax credit and a pay increase for job switchers.
While a deadly heat wave bakes Europe, the continent faces multiple economic predicaments as well. It’s prepping for a potential natural gas cutoff as tensions with Russia remain high. Inflation is also running rampant and expected interest rate hikes are stoking fears of another debt crisis. Plus, the party’s over for some companies that reaped pandemic profits, and regulators look to reimburse victims of money-transfer app scams.
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