Driving down inflation without major job losses is a balancing act the Federal Reserve rarely nails. But hope for a “soft landing” is growing after this past week, as is the hype. History tells us it could be too good to be true. “We were having these same types of discussions in 2000 and again…

After pulling out of the grain deal with Ukraine, Russia has attacked the Ukrainian port city of Odessa and destroyed around 60,000 tons of grain stored for export. In the coming weeks, the global food supply will be significantly reduced, food prices will likely soar and some countries could face famines. Straight Arrow News contributor…

According to a CNBC survey, President Biden’s economic approval rating stands at 37%, which marks a 3% improvement from the prior survey in April. Though a handful of Biden’s policies may have benefitted some working-class Americans, many of the Democrat voters he needs to win in 2024 cite inflation and higher interest rates as major…

UPS and its union workers avoided a nationwide shipping crisis after agreeing to a work contract Tuesday, July 25. Had a deal not been reached by July 31, roughly 340,000 workers would have gone on strike in the largest single-employer strike in U.S. history. “We averted a catastrophe,” Patrick Penfield, a professor of supply chain…

Young people in China are being shut out of the labor market, causing unemployment rates among people ages 16 to 24 to surge to a record 21.3% in June. China’s powerhouse manufacturing industry is shrinking as businesses continue to leave the country and the highly educated cohort with dreams of securing high-skilled, high-wage work in…

Research has shown that investing in education yields positive results for at-risk students in low-income communities. For instance, a 2022 University of Michigan study revealed that students attending well-funded schools are 15% less likely to be arrested up to the age of 30. However, the situation becomes more complex for a generation of students living…