Tag: economic policies

Ottawa Moves to Counter Effects of US Inflation Reduction Act on Its Green Initiatives

November 9, 2022
Business & Marketsbusiness investmentCanadaeconomic policiesenergyFall Economic StatementinflationInflation Reduction ActWorld
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News Analysis The United States has thrown down the gauntlet with its Inflation Reduction Act (IRA), putting Ottawa under pressure to respond and avert further flow of business investment south of the border, particularly that impacting its green initiatives. But the feds are hampered by their ideology, an economist says, noting that more government-directed investment…

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Florida Ranked Number 1 in Attracting Skilled Workforce

November 9, 2022
ArchivedBusiness & MarketsCompanieseconomic policieseconomyFloridaFlorida Gov. Ron DeSantisFlorida Job GrowthLocal NewsNewsRegional-Local NewsUSUS NewsWorkforce Education
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A national labor market analytics company has ranked Florida as number one in attracting a skilled workforce, which it attributed to the state’s focus on training workers with technical skills and credentials. For the past seven years, Lightcast’s 2022 Talent Attraction Scorecard has announced county rankings based on trends in education, overall job change, migration,…

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Dollar Stems Losses as Investors Await Midterm Results; Cryptos Jittery

November 9, 2022
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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SINGAPORE/HONG KONG—The dollar steadied near its weakest in two months against the euro on Wednesday as traders waited on results from U.S. elections and on inflation data this week that will guide expectations for the interest rate outlook. Cryptocurrencies were also top of mind for investors, as they stabilized after tumbling on Tuesday, when nerves…

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Oil Prices Dip on China COVID-19 Worries

November 9, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices slipped on Wednesday after industry data showed that U.S. crude stockpiles rose more than expected and on concerns that a rebound in COVID-19 cases in top importer China would hurt fuel demand. Brent crude futures fell 74 cents, or 0.7 percent, to $94.62 a barrel by 1201 GMT, while U.S. West Texas Intermediate…

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World Stocks Stall as US Midterms Too Close to Call

November 9, 2022
Business & MarketsCompaniescryptocurrencyeconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
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LONDON—World stocks stalled below recent seven-week highs on Wednesday, while the dollar rose as investors awaited the results of the closely watched U.S. midterm election. Bitcoin, the biggest cryptocurrency by market value, fell as much as 5 percent, a day after sliding 11 percent. European stock markets and U.S. futures were lower, Meta Platforms Inc….

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Auto Loan Delinquencies Rise to Highest Level in a Decade as Borrowing Costs Rise

November 9, 2022
auto loansBusiness & Marketseconomic policieseconomyinflationinterest ratespersonal financeUSUS News
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The number of Americans failing to pay their auto loans has risen to the highest level in a decade as borrowing costs rise. Credit agency TransUnion tracks more than 81 million auto loans throughout the United States. It announced that 1.65 percent of auto loans, or 200,000 customers, were at least 60 days behind their…

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Thailand Scraps Foreign Land Ownership Proposal, Cites ‘Sensitive’ Issue

November 9, 2022
Asia & PacificBusiness & Marketseconomic policieseconomyInvestmentlandThailandWorld
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Thailand has withdrawn a proposal allowing foreigners to buy up to one rai—the Thai equivalent of 0.4 acres—of land in Thailand, a government official said Tuesday, despite the cabinet’s previous approval of the plan. Thailand’s Interior Minister Anupong Paojinda said the proposal had been removed from the cabinet agenda because it is a “sensitive” matter…

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Australian Government Eyes Wealthy Retirees as It Considers Super Tax Concession Cuts

November 9, 2022
AustraliaBusiness & Marketseconomic policieseconomyinflationpersonal financeStephen Jonessuper tax concessionsWorld
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The Australian centre-left Labor government is considering cutting superannuation tax concessions for Australians with high retirement savings as it looks for avenues to improve the budget’s bottom line. Speaking at The Australian Financial Review Super & Wealth Summit on Nov. 8, Financial Services Minister Stephen Jones said the federal government would bring up a debate…

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Election Day Gas Prices $1.41 Higher Than When Biden Took Office

November 8, 2022
2022 Midterm ElectionsBiden administraitonBusiness & MarketscongressDemocratsdiesel shortageeconomic policieseconomyenergyExecutive Branchgas pricesinflationMidterm electionsPolicies & ImpactsPoliticsrecessionRepublicansUS
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News Analysis Average U.S. gas prices this Election Day, are $1.41 higher than they were when President Joe Biden took office, a bad sign for the Democrats as voters went to the polls for the midterms. When Biden took office on Jan. 20, 2021, the average price for a regular gallon of gas, stood at…

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The State of the US Economy on Election Day

November 8, 2022
2022 Midterm ElectionsBusiness & MarketscongressDemocratseconomic policieseconomyinflationMarketsMidterm electionspersonal financePolicies & ImpactsPoliticsrecessionRepublicansU.S. economyUS
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Millions of Americans are heading to polls, with many seeing the struggling state of the U.S. economy as their primary concern for Election Day. The highly anticipated Nov. 8 midterm elections are a referendum on President Joe Biden and the Democrats, as the Republicans attempt to take back both houses of Congress. If the Republicans…

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