Tag: economy

Independent expenditure committees funded by special interest groups are spending millions of dollars to make their picks in the California primary. In some races, they are clearly supporting or opposing candidates. In others, the strategy is more complicated.

As of May 17, 2022 the inflation rate in the United States is at 8%, England 6%, Algeria 9.6%, Angola 26%, Argentina 58%, Armenia 8.4%, Belgium 8.31%, Brazil 12.13%, Canada 7%, Chile 10.5% Colombia 9.23%, Cuba 23%, Denmark 6.7%, Czech-Republic 14%, Egypt 13%, India 8%, Lebanon 208%, Lithuania 17%, Mexico 8%, Peru 8%, Sri Lanka 30%, Syria 139% and Venezuela 222%.

California legislators are advancing two bills that would require companies to report more data about pay and internal practices. Business groups oppose the bills and say the data could be taken out of context.

Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year.

President Joe Biden on Wednesday highlighted new figures showing the government’s red ink will grow less than expected this year and the national debt will shrink this quarter as he tried to counter criticism of his economic leadership amid growing dismay over inflation going into midterm elections that will decide control of Congress.