Tag: recession

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How to recession-proof your life amid economic uncertainty

Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The U.S. economy has shrunk for two straight quarters.

Biden fights talk of recession as key economic report looms

Facing a potentially grim report this week on the economy’s overall health, President Joe Biden wants to convince a skeptical public that the U.S. is not, in fact, heading into a recession.

US economy shrinks for a 2nd quarter, raising recession fear

The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.

US not yet in recession and 4 other takeaways from the Fed

Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs.

EXPLAINER: How do we know when a recession has begun?

By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn’t the one that counts. On Thursday, when the government estimates the gross domestic product for the April-June period, some economists think it may show that the economy shrank for a second straight quarter. That would meet a longstanding assumption for when a recession has begun.

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White House vows more federal aid to reduce homelessness in 5 cities and California

Five major U.S. cities and the state of California will receive federal help to get unsheltered residents into permanent housing under a new plan launched Thursday as part of the Biden administration’s larger goal to reduce homelessness 25% by 2025.

California orders Los Angeles County to close ‘unsuitable’ youth prisons within 60 days

Los Angeles County has two months to move about 300 young people out of its troubled juvenile halls after California regulators on Tuesday determined the facilities are “unsuitable for the confinement of youth.”

Unfounded Attempt Kidnapping

On May 23, 2023, a Southwest Station School Resource Deputy began an investigation into a possible kidnapping that occurred in the 38000 block of Camarada Lane, in unincorporated Murrieta, after he received information that a video of the incident was posted to social media.

US study finds 1 in 10 get long COVID after omicron, starts identifying key symptoms

About 10% of people appear to suffer long COVID after an omicron infection, a lower estimate than earlier in the pandemic, according to a study of nearly 10,000 Americans that aims to help unravel the mysterious condition.

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