So far this year, the US economy has managed to skirt a recession, despite what many experts predicted. But even while the labor market remains strong, there isn’t much to celebrate in the foreseeable future. We could still very well find ourselves in a recession over the next 12 months, with limited economic growth and lower prospects for improvement in […]
Opinion: We could see slow economic growth for the rest of the decade
Weekly jobless claims fall again, underscoring tight job market
Despite fears of a recession, the labor market is showing no signs of weakening. The number of first-time claims for unemployment benefits fell by 6,000 to 222,000 for the week ended September 3, according to Department of Labor data released Thursday.Story Published at: September 08, 2022 at 01:56PM
Analysis: Why celebrities are so interested in the unglamorous world of private equity
Kim Kardashian. You know her because she’s a reality TV and social media star, an entrepreneur, and a budding lawyer. She’s a whole brand. And an increasingly powerful force in business. Story Published at: September 08, 2022 at 01:00AM
Starbucks CEO: ‘I am never coming back’
Howard Schultz is not planning to reprise his role as Starbucks’ CEO ever again. But he’ll still stay close to the coffee chain. Story Published at: September 07, 2022 at 05:01PM
At least 16 dead as heavy rains trigger landslides in Uganda
At least 16 people died in western Uganda after heavy rains in the Kasese district on Tuesday night caused a landslide early Wednesday, according to tweets from the Uganda Red Cross. Story Published at: September 08, 2022 at 11:11AM
Chinese metropolis Chengdu extends Covid lockdown, again, with no end in sight
China’s mega city of Chengdu has extended its Covid lockdown for a second time, with no end in sight as authorities struggle to eradicate an outbreak that is continuing despite stringent restrictions that have upended businesses and daily life.Story Published at: September 08, 2022 at 10:36AM
Pakistan UNESCO site Moenjodaro badly damaged by flooding
One of the world’s oldest preserved human settlements has been significantly damaged by torrential rain in Pakistan as the country battles the worst floods in its history.Story Published at: September 08, 2022 at 07:19AM
Five Hong Kong speech therapists convicted of sedition over children’s books about wolves and sheep
Five speech therapists in Hong Kong were found guilty of a conspiracy to publish seditious children’s books on Wednesday, in a case that rights defenders say marks a major blow to free speech amid a tightening of civil liberties in the Chinese territory. Story Published at: September 08, 2022 at 09:26AM
North Korea hopes to build ‘socialist fairyland’ with new laws
North Korea’s rubber-stamp parliament convened this week to pass legislation aimed at turning the country into a “beautiful and civilized socialist fairyland,” state media reported Thursday.Story Published at: September 08, 2022 at 04:52AM
Britain’s Queen Elizabeth II postpones important meeting after doctors advise her to rest
Britain’s Queen Elizabeth II has postponed a key meeting on Wednesday after being advised by doctors to rest, Buckingham Palace said. Story Published at: September 07, 2022 at 07:39PM