U.S. consumer prices jumped 6.8% in November when compared with last year as the cost of food, energy and other items reached the highest annual inflation rate since 1982. Analysts predict that supply shortages will likely to continue into next year, pushing inflation even higher.
Economist group touts Build Back Better as inflation offset - Axios
The Fed’s inflation challenge: Getting the policy and the messaging right - The Washington Post
@JoeNBC: “This is not a question of demand at pre-covid levels and supply taking a while to reach back up to that pre-covid capacity.” Rather, he said, the economy is experiencing “sustained higher demand. This is not really a bottleneck story anymore.”
General Electric, Union Pacific and other large employers have suspended their vaccination requirements after a federal judge on Tuesday blocked the Biden administration’s plan to mandate vaccines for federal contractors. Amtrak told lawmakers on Thursday that if the remaining 5% of its unvaccinated employees do not get shots by the mandate’s Jan. 4 deadline, it will need to cut services and implement slowdowns beginning this winter.
Trump-appointed judges question role of vaccines in fight against Covid as they block mandates - CNN
66% of employees want better office cleaning practices - CNBC
'The days you were considered fully vaccinated with two shots are going to be a thing of the past' - Barron’s
New indicators are emerging that while the omicron variant is poised to overtake delta in the U.S., the public is growing more accustomed to living with some risk of infection. Public transit ridership in the Northeast has rebounded strongly, and air travel spiked just before Thanksgiving. Omicron’s short-lived effect on the markets had some market analysts calling it “omi-whatever.”
Opinion | We’ve Living Through the ‘Boring Apocalypse’ - The New York Times
Endless pandemic? Asia’s Omicron retreat shows COVID is political - Al Jazeera
@umairh: "Americans are acting, by and large, like Covid’s over. It isn’t. If anything, a brutal, bitter pandemic winter lies ahead."
Newly built skyscrapers in central business districts are faring well in the pandemic, with many developers saying those buildings have been filled with tenants willing to pay top rents. But thousands of older buildings continue to sit unoccupied as companies continue to push back return plans, prompting developers to convert them into warehouses, apartments or other uses. Large cities such as New York and San Francisco have a higher share of old buildings, leaving planners to question how their cities will look in the years ahead.
If the Office Is Really a Thing of the Past, These Investors Will Make a Killing - The Wall Street Journal
Officely raises $2M to help hybrid teams coordinate office time right in Slack - TechCrunch
The office holiday party is back. Kind of. - NBC News
The city-state of Dubai is enjoying an economic boom brought on by high vaccination rates, low coronavirus infections and open borders. Entrepreneurs, wealthy investors and tourists are packing bars and restaurants and working in-person, drawn to Dubai by zero income tax and relatively relaxed pandemic restrictions.
Fix the global vaccine rollout or face even worse COVID variants, experts warns - NPR
COVAX scheme needs rules to prevent vaccine hoarding - WHO advisor - Reuters
@GaviSeth: This is exactly why #COVAX calls for high quality dose donations with plenty of notice and longer shelf lives. Countries need predictable and reliable #COVID19 vaccine supply to ensure a successful rollout.
"Covid Crisis Threatens Holiday Season as U.S. Hospitals Overflow" - Bloomberg / Source: Department of Health and Human Services
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