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Global human migration is one of the defining elements of our current historical era, according to the United Nations. Migrants face both the incentives to leave — forced out by climate change, crime and corruption, extreme poverty or violence — and incentives for where to go, based on available job opportunities and so on. Migration…
A possible port strike in the U.S. could have a major impact on the global supply chain and cost the U.S. economy billions of dollars. The strike could impact a total of 36 ports along the East Coast and the Gulf of Mexico if a deal isn’t reached by Oct. 1. Up to 45,000 dock…
The U.S. government is considering opening up 10% of Utah’s land for solar power developments, but the proposal is facing opposition from state officials and some environmentalists who worry it could impact sensitive landscapes and habitats. Areas like Utah’s West Desert and the shores of the Great Salt Lake, which are home to threatened species…
A new report from the Commonwealth Fund revealed that the U.S. health care system ranks last among 10 high-income countries. The study indicates that the U.S. is falling short compared to other developed nations, with people in the U.S. experiencing the youngest mortality rates and the highest number of avoidable deaths. This occurs despite the…
The Federal Reserve lowered its benchmark interest rate by a supersized 50 basis points, outpacing expectations of 25 basis points. Markets surged Wednesday afternoon, Sept. 18, as the central bank ended its rate-hike campaign that started in 2022. The federal funds rate now sits between 4.75%-5%, down from 5.25%-5.5%. This marks the first rate cut…
Markets are increasingly betting the Federal Reserve will make a supersized rate cut at this week’s meeting. There are two camps: Those who believe the Fed will cut interest rates by 25 basis points and those who believe the Fed will double up to 50 basis points. A week ago, 2 out of 3 futures traders…
It’s tough to identify if the economy is in a recession. Economists toil over economic data to try to find the most accurate indicators. Gross domestic product and unemployment numbers are great data points, but what does the state of pop music tell us about economic conditions? Traditionally, two consecutive quarters of negative growth is…
Boeing’s bright spot this year was the hiring of its new CEO, an engineer and aerospace chief named Kelly Ortberg, after years of finance men at the helm. But Ortberg’s arrival is clouded by the controversies hanging over Boeing, from hours-long hearings on safety issues to a fraud charge to the first worker strike in…
Roughly two-thirds of Americans said Kamala Harris won her presidential debate against former President Donald Trump. Trump made a range of false claims throughout the debate, among them that immigrants in Ohio are eating household pets to survive — a claim that was debunked live by the city manager of Springfield, Ohio, a city Trump…
In a major policy shift, China will increase its retirement age for the first time in 70 years. This change comes as the country grapples with an aging population and a dwindling pension fund. Currently, China’s retirement ages are among the lowest in the world. On Friday, Sept. 13, China’s top legislative body approved a…
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