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WASHINGTON (AP) — The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 103 in September from 108.7 in August. Most troubling was the decline in the index measuring future expectations, which tumbled to 73.7 in September from 83.3 in August. Confidence improved late in the spring as inflation eased in the face of 11 interest-rate hikes by the Federal Reserve. America’s employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed.
Persons: Dana Peterson Organizations: WASHINGTON, Conference Board, Target, Home, Federal Reserve Locations: U.S, United States
US consumer confidence ebbs in September
  + stars: | 2023-09-26 | by ( ) www.reuters.com   time to read: +1 min
A woman carries shopping bags during the holiday season in New York City, U.S., December 21, 2022. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsWASHINGTON, Sept 26 (Reuters) - U.S. consumer confidence fell for a second straight month in September amid worries about higher prices and the political environment, a survey showed on Tuesday. The Conference Board said its consumer confidence index dropped to 103.0 this month from an upwardly revised 108.7 in August. "Consumers also expressed concerns about the political situation and higher interest rates. The decline in consumer confidence was evident across all age groups, and notably among consumers with household incomes of $50,000 or more."
Persons: Eduardo Munoz, Dana Peterson, Consumers, Lucia Mutikani, Chizu Organizations: REUTERS, Rights, Board, Reuters, Conference Board, Thomson Locations: New York City, U.S
Minneapolis CNN —Rising gas prices and high interest rates contributed to greater economic uncertainty and dampened consumer confidence in September, dropping the key economic indicator to the lowest level in four months, according to data released Tuesday. The Conference Board’s Consumer Confidence Index fell for a second consecutive month, dropping to 103 in September from an upwardly revised 108.7 the month before. The index is at its second-lowest level this year, landing just above May’s 102.5 reading, according to Conference Board data. “Consumers also expressed concerns about the political situation and higher interest rates. “Consumers may be hearing more bad news about corporate earnings, while job openings are narrowing, and interest rates continue to rise — making big-ticket items more expensive,” she said.
Persons: “ Consumers, , Dana Peterson, Consumers, Peterson, Matthew Martin Organizations: Minneapolis CNN, Board, , Conference Board, Consumers, Oxford Economics Locations: Minneapolis, US
Since the Supreme Court’s decision on race-based admissions, Wesleyan University and the University of Minnesota dropped legacy admissions. A 2022 report from nonprofit think tank Education Reform Now found that colleges were turning away from legacy admissions. Eighty-nine percent of college admissions directors did not support the use of legacy admits, and three-quarters of public colleges and universities didn’t even provide a legacy preference. “In that admission process, that legacy extra boost really can make a difference.”Donations, donations, donationsSome colleges say that legacy admissions play a financial role in keeping donors engaged. Casey added that getting rid of legacy admissions won’t change the compositions of the nation’s most elite colleges overnight.
Persons: Michael Roth, , , Brian Snyder, EFN, Joan Casey, we’ve, ” Casey, Gabrielle Starr, ” Starr, ” Chris Peterson, hasn’t, Starr, isn’t, “ Dartmouth, , Lee Coffin, Charles Krupa, ” Dartmouth, Casey, ” What’s, they’re Organizations: New, New York CNN, US, Court, American Civil Liberties Union, Wesleyan University, University of Minnesota, Johns Hopkins University, Pomona College, ” Wesleyan, CNN, Pew Research Center, Harvard University, Let’s, Harvard, Educational, Inc, Pomona, , Massachusetts Institute of Technology, MIT, Culture Colleges, Baker Library, Dartmouth College, Dartmouth, US Department of Education, Harvard University discriminates Locations: New York, Cambridge , Massachusetts, Massachusetts, Pomona, Claremont , California, California, ” Pomona, Hanover, N.H
A Salute to Rupert Murdoch
  + stars: | 2023-09-24 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: The week's best and worst from Kyle Peterson, Mary O’Grady and Dan Henninger. Images: AP/Reuters Composite: Mark KellyRupert Murdoch announced Thursday that he’s resigning as chairman of his two media companies after seven consequential and highly successful decades. Few entrepreneurs have had a bigger impact on public life across the world, and allow us on the occasion to say a word about his role at the Wall Street Journal.
Persons: Kyle Peterson, Mary O’Grady, Dan Henninger, Mark Kelly Rupert Murdoch, he’s Organizations: Reuters, Wall Street
By some estimates, there are tens of millions of surveillance cameras in the United States. "In most of the US, CCTV cameras have proliferated over the past few decades," an expert told Insider. There are tens of millions of surveillance cameras in the United States alone, by some estimates, with some of the most populated cities in the country more heavily surveilled than others. There could be up to 100 million surveillance cameras in the USPeterson, an adjunct professor at New York's John Jay College of Criminal Justice, said that there could be up to 100 million surveillance cameras in the US, but it's impossible to say for sure because "many public and private entities own and deploy their own surveillance systems." "Between Ring cameras, security cameras, store cameras, red light cameras, cameras on the highway, you are always under surveillance," Stanton, who authored the book, "Prepared Not Scared," told Insider.
Persons: it's, Lauren Boebert, vaping, Dr, Bryce Peterson, Peterson, John Jay, Denver's, , Boebert, Boebert vaping, Bill Stanton —, Stanton Organizations: Denver, Service, GOP, CNA, New, John, John Jay College of Criminal, , Buell Theater, Colorado, Denver Arts, Buell, DC's Kennedy, Radio City Music Hall, MSG Entertainment, Garden, Chicago Theatre, New York Police Department Locations: United States, Wall, Silicon, Denver , Colorado, New York, Madison
A judge vacated the felony murder convictions in 2020, after testing found the towel was free of blood. The two men filed a federal wrongful conviction lawsuit against Lee, eight police investigators and the town of New Milford. U.S. District Court Judge Victor Bolden ruled in July that there was no evidence Lee ever conducted any blood tests on the towel, and a summary judgement was issued against him. Under the settlement, which must still be approved by the General Assembly, Birch and Henning would each receive $12.6 million, Attorney General William Tong's office said. Simpson murder trial, in which he questioned the handling of blood evidence.
Persons: , Henry Lee, Ralph “ Ricky ” Birch, Shawn Henning, Everett Carr, Lee, Victor Bolden, Birch, Henning, William Tong's, Lee . Lee, , Blood, Henry C, Simpson, JonBenet, Scott Peterson, Laci, Phil Spector, Spector Organizations: General, University of New, Lee, of Criminal, Forensic Sciences Locations: HARTFORD, Conn, New Milford, Hartford, New Milford . U.S, Birch, JonBenet Ramsey, Colorado
So I called Kathryn Anne Edwards, an economist and economic policy consultant, to see if there’s an argument that might change people’s minds about the utter necessity of more robust government child care funding — or if I should lose all hope in the possibility of a shift in the way that child care is thought about, discussed and sustained in the United States. labor force participation is midway through a historic decline. In Edwards’s phrasing, it “has been frozen in time for 25 years.” When you see headlines about how we’re at all-time highs for women’s labor force participation, Edwards suggests, that’s misleading. When you look at the actual level of increase since the 1990s, labor force participation among women has barely budged, and without a policy shift, we shouldn’t expect it to go up much in the coming years. The second thing that could force Congress to act on child care is that the birthrate is on the decline in the United States, Edwards said.
Persons: Kathryn Anne Edwards, Edwards, , ” Edwards, , Peter G Organizations: Social, Peterson Foundation, Social Security Locations: United States
New York CNN —As the US national debt passes $33 trillion and a government shutdown looms, Wall Street feels defensive. What’s happening: The gross national debt has grown at an alarming pace since then — by $1 trillion in the last three months alone. Political finger pointing around what caused the accelerated debt accrual, meanwhile, has left the government at an impasse around the budget. The recent increase in interest rates has already made it much more expensive for the government to pay back what it owes. That would leave the door open for another rate increase, which could come when the following meeting concludes, on November 1.
Persons: Fitch, , Michael Peterson, Peter G, Peterson, Biden, Gary Schlossberg, Jennifer Timmerman, Gregory Daco, Bryan Mena, Jerome Powell, Instacart, Jordan Valinsky Organizations: CNN Business, Bell, New York CNN, AAA, AA, GOP, UAW, Wells, Investment Institute, Fed, Federal, Financial, Walmart Locations: New York, , Amazon
Meanwhile, failed uprisings in Bahrain and eastern Saudi Arabia were followed by years-long crackdowns and a continuing civil war in Syria. “What we’re beginning to see in Saudi Arabia right now is the emergence of a new social contract. Saudi Arabia is the world’s biggest exporter of crude oil, and nearly two-thirds of its income still comes from selling fossil fuels. If Saudi Arabia can become a hub for major sporting events, then that’s a way of attracting interest to the country,” said Maguire. In response to previous criticism about Saudi Arabia’s purported “sportswashing,” the kingdom’s sports minister Prince Abdulaziz bin Turki Al-Faisal said: “People that don’t know Saudi Arabia, have never been to Saudi Arabia, go out and talk about it as if they’ve lived there for 30 years, 40 years.
Persons: Hilal, Kylian Mbappé, Germain, Neymar Jr, Ballon d’Or, Cristiano Ronaldo, Nassr, Patricia de Melo Moreira, it’s, Saudi Crown Prince Mohammed bin Salman –, Leon Neal, Ballon, Karim Benzema, Al Hilal, spender, , Carlo Nohra, Jordan Henderson, Henderson, , ’ ” Simon Chadwick, “ We’ve, ” Chadwick, King Salman bin Abdulaziz Al Saud, Al Nassr, Stringer, you’re, Kieran Maguire, they’re, Everybody’s, ” Maguire, Chadwick, Ronaldo, Maguire, … Mohammed bin Salman, ” James Dorsey, , Chadwick –, Mohammed bin Salman, Saudi Arabia’s, Prince Abdulaziz bin Turki Al, Faisal, don’t, they’ve, LIV Golf, Jimmy Dunne, LIV, Dunne, Aleksander Ceferin, Erling, Haaland, Jurgen Klopp, Michael Emenalo, Steven Gerrard, Nohra, ” “ They’ve Organizations: CNN, Saudi, Al, Paris Saint, PSG, Saudi Pro League, Ligue, Liga, Serie, Bundesliga, English Premier League, Deloitte, Investment Fund, AFP, Getty, SPL, Saudi Crown, Spanish, Arsenal, CNN Sport, English, Newcastle United, Liverpool, The Athletic, SKEMA Business School, Argentina, Zamalek, King Fahd Sports City, Anadolu Agency, Chelsea, Manchester United, Manchester City, Football, AFC Asian, FIFA, Greece, Royal Spanish Football Federation, Spanish Super, , Amnesty International, Amnesty, Middle East Soccer, Saudi Ministry, Sport, PGA Tour, European, UEFA, Premier League, Ettifaq Media, Reuters New Saudi Pro League, Major League Soccer, La Liga, Peterson Institute for International Economics, Russian Direct Investment Fund, Investigations, PGA Locations: Saudi Arabian, Brazil, Saudi, Ittihad, Al, Ahli, Real Madrid, England, France, Germany, Spain, Italy, Saudi Arabia, Liverpool, China, Qatar, Taif, Egypt, Spanish, East, North Africa, Libya, Yemen, Tunisia, Bahrain, Syria, , , Europe, ” Liverpool
BOULDER, Colo. (AP) — Deion Sanders stood up for Henry Blackburn on Tuesday after the Colorado State safety received death threats for a late hit that sent Colorado's two-way star Travis Hunter to the hospital with a lacerated liver. Sanders said he has forgiven Blackburn and so has Hunter, who doesn’t have a definitive timeline for a return. “Henry Blackburn is a good player who played a phenomenal game,” said Sanders, whose 19th-ranked Buffaloes (3-0) travel to No. “I’m saddened if there’s any of our fans, that’s on the other side of those threats," Sanders said. It was the most-watched late-night college football game ever on ESPN, the network said.
Persons: — Deion Sanders, Henry Blackburn, Colorado's, Travis Hunter, it’s, ” Blackburn, Hunter, Sanders, Blackburn, “ Henry Blackburn, , Travis, Jay Norvell, Norvell, “ I’m, that’s, Let’s, Blackburn's, You’ve, Shilo Sanders, , ” Hunter, He’s, Shedeur Sanders, Dan Lanning, Deion Sanders, that's, Travis Hunter’s, ” Sanders, “ You've, That’s, they've, Anne M, Peterson Organizations: Colorado State, Rams, Buffaloes, Blackburn, Southern Cal, Colorado, , TCU, Nebraska, Arizona, ESPN, AP Locations: BOULDER, Colo, Colorado, Oregon, who’s, Boulder, ” Oregon
It’s usually an inexpensive, efficient way to transport crops, as a typical group of 15 barges lashed together carries as much cargo as about 1,000 trucks. A narrowed shipping lane also means barges from different companies must squeeze into limited space, forcing backups and delays. Months of dry and warm weather have hit the Midwest hard, damaging crops in much of the region west of the Mississippi River. In Kansas, 40% of the soybean crop was reported in poor or very poor condition, with the same conditions for 40% of the corn crop in Missouri. From his work site beside the Mississippi River in Red Wing, Minnesota, Jim Larson watches as the river rises and falls through the seasons.
Persons: Farmer Bruce Peterson, chuckled, ” Peterson, , Louis, Paul, that’s, Nature, , Merritt Lane, Lane, Tom Heinold, ” Heinold, Heinold, Mike Steenhoek, Steenhoek, Jim Larson, Larson Organizations: DES, Canal Barge, New, Engineers, , Soy Transportation Coalition, Red Locations: DES MOINES, Iowa, Mississippi, Gulf of Mexico, Minnesota, New Orleans, St, Minneapolis, Illinois, Ohio, Wisconsin, Davenport , Iowa, Savanna , Illinois, Rock, Missouri, In Kansas, U.S, United States, Red Wing , Minnesota
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. A vain and ambitious cigar-smoking bully who wore riding breeches, a polished helmet and boots and carried ivory-handled revolvers, he led troops on successful lightning strikes through German-held territory near the end of World War II. Musk has repeatedly been criticized for enabling and boosting antisemitic content on the platform.”“Isaacson tries to square these two Musks. During Trump’s first impeachment, Romney became the first senator in US history to vote to remove a president of his own party from office. He has been willing to do what he believes to be right — consequences be damned.”The differences between Romney and Trump were many.
Persons: CNN — “ Troy, Hadrian, , , George S, Patton, , Stephen D, Clay Jones, Elon Musks, Elon, Nicole Hemmer’s, Walter Isaacson, Musk “, Musk, ” “ Isaacson, Isaacson, ” Hemmer, Walt Handelsman, Kevin McCarthy, Donald Trump, McCarthy, Joe Biden, “ Trump, impeaching Biden, Norman Eisen, Trump, ” Eisen, Biden, James Antle III, , Hunter, McCarthy “, John Avlon, Dennis Aftergut, Lindsey Graham wasn’t, Michelle Lujan Grisham, she’s, Hunter Biden, Robert J, Spitzer, It’s, ” Vladimir, Kim, Vladimir Putin, Kim Jong, Frida Ghitis, Putin, vaingloriously, Peter the Great, Sébastien Roblin, Don’t, Romney Francis Chung, AP Sen, Mitt Romney, Romney, Sen, John McCain, Trump’s, Lanhee J, Chen, Lisa Benson, Kate Bahn, ’ I’m, , Dana Peterson, Erik Lundh, ” Dana Summers, Kunis Mila Kunis, Ashton Kutcher, Mila Kunis, Danny Masterson, Jill Filipovic, “ Kutcher, Kunis, Kutcher, Masterson, Danilo Cavalcante, Arick, Scott Stantis, Jeff Yang, Jets Phil Hands, Julian Zelizer, Aaron Rodgers ’, ” Don’t, Nick Anderson, Tess Taylor, Tommy Tuberville, Mahnaz, Roxanne Jones, Coco Gauff, Amanda Tyler, Lara Setrakian, Paul Hockenos, Don Lincoln, Sophia Nelson, Tim Scott, Kenneth Branagh, Agatha Christie’s, Hercule Poirot, Noah Berlatsky, Poirot, Branagh, Sara Stewart, Winona Ryder Organizations: CNN, US, Marine Corps, Third Army, Vostochny, Twitter, Defamation League, Agency, Caucus, Republicans, Democrats, White, North, Putin, AP, Senate, Hollywood, Motors, Ford, Chrysler, Dodge, Peugeot, United Auto Workers, UAW, , Federal Reserve, Conference Board, Ninth, Academy Museum of Motion Pictures, REUTERS, Reuters, Apple, European Union, Jets, Boston Red Sox, The Chicago Cubs, The New York Jets, New York Jets, MetLife, Tribune, Studios Locations: China, Washington, New Mexico, Detroit, Russia’s, South Africa, Hunter Biden’s, Albuquerque, Bernalillo County, Russia, Ukraine, , Los Angeles , California, U.S, Aude, Pennsylvania, Brazil, Cupertino , California, Iran, New Texas, Venice
[1/25] Sep 15, 2023; New York City, New York, USA; New York Mets starting pitcher David Peterson (23) pitches against the Cincinnati Reds during the first inning at Citi Field. Spencer Steer also hit a two-run homer for the Reds, while Noelvi Marte had three hits and scored on a wild pitch. Pete Alonso hit a three-run homer for the Mets (68-79), who had their three-game winning streak snapped. Lucas Sims (6-3), the first of three Reds relievers, got the final out of the sixth. Reds starter Hunter Greene allowed one hit in the first five innings before the Mets broke through against the right-hander in the sixth.
Persons: David Peterson, Brad Penner, Jonathan India, Spencer Steer, Noelvi Marte, Pete Alonso, DJ Stewart, Lucas Sims, Alexis Diaz, Grant Hartwig, Marte, Ronny Mauricio misplayed Harrison, Nick Senzel, Steer, Hunter Greene, Brandon Nimmo, Francisco Lindor, Alonso, Greene, Luke Maile, Hartwig, Peterson Organizations: New York Mets, Cincinnati Reds, Citi Field, Reds, Cincinnati, National League, Arizona Diamondbacks, San Francisco Giants, Mets, The Reds, Thomson Locations: New York City , New York, USA, India
The Latest Airport Perk? An Office of One’s Own
  + stars: | 2023-09-15 | by ( Barbara Peterson | ) www.wsj.com   time to read: 1 min
YOU’VE GOT TIME to kill before your flight, there’s a queue to enter the airline lounge and all you want is a quiet space to make a few work calls without strangers listening in or drowning you out. At many airports, your best option would be to find a relatively uncrowded corner of carpet. But, increasingly, airport co-working spaces and by-the-hour offices provide a less stressful recourse.
Persons: YOU’VE
Sam's Club private-label cashews are popular on TikTok. Sam's Club shoppers on TikTok enthusiastically discover and try new flavors like everything (as in bagel) and street taco cashews. The top seller is the Member's Mark Roasted Whole Cashews with Sea Salt, according to Sam's Club. Last year, Sam's Club announced a revamp of its Member's Mark brand, according to Marketwatch. Sam's Club said its cashews are highly rated and often re-purchased.
Persons: Doug McMillon, Goldman Sachs, cashews, Goldman, McMillon, Dale Peterson Organizations: Sam's, Walmart, Shoppers, Service, Sam's Club, Goldman Sachs, Target, Costco, Alabama Locations: Wall, Silicon, Alabama
CNN —Tory Lanez has lost an attempt to be free on appeal while he seeks to overturn his conviction for shooting Megan Thee Stallion. He was sentenced in August to 10 years in prison for the 2020 shooting of the “Savage” artist, who was his friend at the time. Lanez’s request for bail was denied on Thursday, with the judge citing his conviction for a “violent felony” and possible flight risk, according to Unite the People CEO and co-founder Ceasar McDowell, a nonprofit organization representing Lanez in his appeal. Lanez had pleaded not guilty to assault with a semiautomatic firearm, carrying a loaded unregistered firearm in a vehicle, and discharge of a firearm with gross negligence, according to prosecutors. Peterson’s case has been a challenging one from the beginning,” McDowell said in a statement to CNN.
Persons: Lanez, Megan Thee, Savage, Ceasar McDowell, “ Mr, ” McDowell, Organizations: CNN, Lanez
Indexing Is Still the Best Bet for Investors
  + stars: | 2023-09-14 | by ( Burton G. Malkiel | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: Zuma Press/EPA/Shutterstock Composite: Mark KellyActive portfolio managers claim that agile stock picking is the best way to invest. Many have lately argued that simple indexing is a bad strategy in today’s environment because the stock market is dangerously “narrow.” Seven stocks—Alphabet, Amazon , Apple , Meta , Microsoft , Nvidia and Tesla—constitute close to 20% of the S&P 500’s value and have been responsible for almost 90% of the index’s gains this year. Now these “Magnificent Seven” are beginning to falter. The simple index investor, the active managers warn, will soon be overly concentrated in a small number of stocks that are overpriced and have been hyped by the promise of artificial intelligence.
Persons: Kim Strassel, Kyle Peterson, Dan Henninger, Kelly Organizations: Zuma Press, Apple, Meta, Microsoft, Nvidia, Tesla
Needham analysts believe the recent pullback in software company Alight warrants a deeper look. The cloud-based business solution company has lost more than 18% in the current quarter, dragging shares down 9.5% for the year. The selloff came following its second-quarter earnings in August, during which the company reported a 36.3% year-over-year decline in business process as a service bookings. A follow-on offering also contributed to the selloff, according to analyst Kyle Peterson. "We believe the sell-off is overdone, with the shares trading at an EV/EBITDA multiple of 8x our FY24 estimate," he said.
Persons: Needham, Kyle Peterson, Peterson, Michael Bloom
Anadolu Agency | Anadolu Agency | Getty ImagesInflation rose in August on the back of higher gasoline prices, according to the consumer price index. Gasoline was the largest contributor to inflation in August, accounting for more than half of the increase, according to the BLS. This pared-down measure — known as "core" CPI — fell to an annual rate of 4.3% in August from 4.7% in July. On a monthly basis, core inflation rose slightly, to 0.3% in August from 0.2% in July. The increase in monthly core CPI "is a little bump in the road," said Kayla Bruun, senior economist at Morning Consult.
Persons: Andrew Hunter, Hunter, Kayla Bruun, " Bruun, Greg McBride, Ben Bernanke, Olivier Blanchard, Scott Olson Organizations: Anadolu Agency, Getty, Capital Economics, U.S . Bureau of Labor Statistics, CPI, AAA, BLS, Transportation, U.S . Department, Morning, Bankrate, U.S . Federal Reserve, Peterson Institute for International Economics Locations: Virginia, U.S
The Child Care Stabilization Act would allocate $16 billion to childcare annually for five years to aid providers. At the same time, childcare workers are facing low pay and tough conditions; they have previously told Insider that the industry needs even more subsidizing. AdvertisementAdvertisement"It is the thing that we pay the most money for," she previously told Insider . She's not alone: Other parents have told Insider that high costs for scarce childcare have led them to drop out of the workforce completely. AdvertisementAdvertisement"Right now we have a childcare crisis with ARPA funding," Rep. Jimmy Gomez of California, a member of the Congressional Dads Caucus , said.
Persons: Joe Biden's, Sen, Patty Murray, Katherine Clark, Paige Connell, She's, Kaitlin Peterson, Jimmy Gomez Organizations: Rescue, Service, Democratic, Century Foundation, unsustainably, Department of Labor, ARPA, Congressional, Caucus Locations: Wall, Silicon, Washington, Massachusetts, Denver, Jimmy Gomez of California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFree trade agreement a 'big achievement' for the Philippines and South Korea: Former trade ministerYeo Han-Koo, senior fellow at the Peterson Institute for International Economics and former South Korean trade minister, discusses the "really high level" free trade agreement that South Korea and the Philippines signed at the ASEAN summit.
Persons: Yeo Han, Koo Organizations: Peterson Institute for International Economics, South, ASEAN Locations: Philippines, South Korea, South Korean
Makers vs. Taylor Swift Shakers
  + stars: | 2023-09-11 | by ( Andy Kessler | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: Zuma Press/EPA/Shutterstock Composite: Mark Kelly“I think Taylor Swift is great for the soft landing,” Columbia Business School economist Brett House declared in the New York Times . Not wanting a recession, I almost rushed out and bought $1,000 tickets and $25.99 friendship bracelets, but then I remembered that isn’t how the economy works. There are two sides of the economy: the productive side and the spend side. We have makers and, appropriate to Swifties, shakers.
Persons: Kim Strassel, Kyle Peterson, Dan Henninger, Mark Kelly “, Taylor Swift, Brett House Organizations: Zuma Press, Columbia Business School, New York Times
Requiem for a Dumpster Full of Books
  + stars: | 2023-09-10 | by ( Lance Morrow | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: The week's best and worst from Bill McGurn, Kate Bachelder Odell, and Kyle Peterson. Images: AP/Zuma Press Composite: Mark KellyThe dumpster behind the arts center in our upstate New York village is filled to the brim with discarded books—thousands of volumes that now, after a rainy August, have grown soggy and begun to dissolve, reverting squalidly to pulp. The mass grave is an unsettling sight to someone who was brought up in the worship of books.
Persons: Bill McGurn, Kate Bachelder Odell, Kyle Peterson, Mark Kelly Organizations: Zuma Locations: New York
The U.S. national debt is sitting at nearly $33 trillion dollars. "The public debt has always been used for emergencies. The national debt increased by more than 89% since the beginning of the pandemic, with many top economists in agreement that 2020 was not the time to worry about the debt. Servicing the debt can become difficult when interest rates are higher. The Federal Reserve has been increasing interest rates since March 2022 with the goal of slowing down economic activity.
Persons: Kris Mitchener, William Gale, Michael Peterson, Peter G, Lori Esposito, Murray, Stephanie Kelton Organizations: U.S, Leavey School of Business, Santa Clara University, Brookings Institution, Peterson Foundation, Economic Develop, Conference Board, Economic Development, The Conference Board, Federal Reserve, Stony Brook University Locations: U.S
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