Tag: inflation

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Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency.

Why are so many dying in California jails?

More people are dying in California jails than they did before the pandemic, and it’s not because of COVID-19.

Why California Democrats are divided on retail theft bill

Legislators may be off for spring recess, but debates about their bills are still happening outside committee rooms.

California delays financial aid deadline over bungled FAFSA rollout

California Gov. Gavin Newsom on Monday signed legislation extending the deadline for students to apply for state scholarships as problems continue to beset the Biden administration’s rollout of a simplified federal aid form.

What’s pushing inflation down? More goods, workers and housing

Long past its painful peak, inflation in the United States may be heading steadily back toward its pre-pandemic levels, without the need for further interest rate hikes by the Federal Reserve.

Food insecurity shot up last year with inflation and the end of pandemic-era aid, a new report says

An estimated 17 million households reported problems finding enough food in 2022 — a sharp jump from 2021 when boosted government aid helped ease the pandemic-induced economic shutdown.

Social Security benefits will increase by 3.2% in 2024 as inflation moderates

Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting moderating consumer prices.

Higher gas prices likely pushed up inflation in August, though other costs probably slowed

A sharp increase in gas prices likely pushed inflation higher in August compared with a year ago, yet a measure excluding energy and food costs is expected to fall for the fifth straight month, suggesting that the Federal Reserve’s interest rate hikes are still bringing down prices for many goods and services.

Biden’s approval rating on the economy stagnates despite slowing inflation, AP-NORC poll shows

President Joe Biden has devoted the past several weeks to promoting the positive impacts of his policies — but his efforts have yet to meaningfully register with the public.

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Why are so many dying in California jails?

More people are dying in California jails than they did before the pandemic, and it’s not because of COVID-19.

Why California Democrats are divided on retail theft bill

Legislators may be off for spring recess, but debates about their bills are still happening outside committee rooms.

California delays financial aid deadline over bungled FAFSA rollout

California Gov. Gavin Newsom on Monday signed legislation extending the deadline for students to apply for state scholarships as problems continue to beset the Biden administration’s rollout of a simplified federal aid form.

Where is employment heading in the Inland Empire?

Once a year, at the beginning of March, the national release of the monthly labor market data coincides with that of the state and the region.
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