Up until 2019, New York City landlords in rent-stabilized apartments were allowed to reset rents once a tenant had moved out — also known as vacancy decontrol. But in 2019,…
This just in — Democrats are involved in negotiations that would revive the seemingly dead “Build Back Better” plan, or at least some parts of it. According to new reports,…
Inflation does not seem to be slowing down. In fact, according to the latest data from the Bureau of Labor Statistics (BLS), prices rose 1.3 percent in June compared to…
Last year, the President Biden celebrated and took credit for the fact that your Independence Day cookout would cost, on average, 16 cents less than it did in 2020: Since…
He superficially understands the “why” but has it all backward on the “what now.” A Pew Research poll last month found that 70% of Americans view inflation as a very big problem…
Writing about the April inflation figures last month, I noted that “gas prices have been ticking up again recently… and this will be reflected in next month’s CPI numbers.” That has turned…
Why has the market for baby formula in the United States collapsed owing to the closure of one factory? It is, in part, because just four major companies – Abbott…
Inflation is at near 40-year highs and a recent poll found that “a quarter of respondents blamed President Biden directly for inflation.” Not surprisingly, with midterms coming up in November,…
Last week, Forbes reported: The Walton heirs have lost a staggering $33.7 billion in the last two days as shares of their family’s retailing giant, Walmart, continue to be pummeled.…
What is President Biden’s plan to beat inflation? He tweeted out last week: This was the first time I have encountered the idea that high rates of inflation can be…
A couple of weeks ago, I saw a post in a Facebook group for residents of my neighborhood where a desperate mother was asking if anyone knew a store that…
The Bureau of Labor Statistics (BLS) released figures for the Consumer Price Index (CPI) in April today. The good news was that the CPI increased by 0.3 percent in April,…
On Tuesday, the Bureau of Labor Statistics (BLS) announced that inflation was 1.2 percent in March and 8.5 percent over the year (for the Midwest the figures were 1.3 percent and 8.6 percent, respectively).…
One thing that has characterized the pandemic has been a shortage of workers. To that, numerous businesses have raised wages in order to attract workers. The latest is Walmart, which…
In a puzzling statement when he was running for the presidency, now President Joe Biden said “Milton Friedman isn’t running the show anymore.” Quite what he meant by that is anyone’s guess,…
The value of a dollar is what it can buy you. In economics, this is referred to as purchasing power. A dollar is worth more if it can buy you…