‘Y’all Street’ is an exercise in Texas-sized ring kissing
It is not clear whether local exchanges are particularly useful
As Trump’s Tariffs Stoke Economic Uncertainty, the Fed Debates Its Next Steps
The central bank’s outreach to companies has taken on new significance as the outlook for growth and inflation gets cloudier.
Why being ‘lazy’ at work might actually be a good thing
Ground Picture/ShutterstockIf you’re a young person today, you’ve probably felt the sting of being called lazy, or caught yourself wondering if you are. Do you sometimes feel guilty when not being productive, or find yourself pretending to be busy?
Estimates Imply That Trump Tariffs Could Fall Heavily on Consumers
Trump’s supporters have clashed over the true goal of forthcoming global tariffs: raising revenue, or lowering foreign trade barriers?
GOP lawmakers eye SNAP cuts, which would scale back benefits that help low-income people buy food at a time of high food prices
A shopper who gets SNAP benefits shops for groceries at a supermarket in Bellflower, Calif., on Feb. 13, 2023.
Planned blackouts are becoming more common − and not having cash on hand could cost you
Are you prepared for when the power goes out? To prevent massive wildfires in drought-prone, high-wind areas, electrical companies have begun preemptively shutting off electricity. These planned shutdowns are called public safety power shutoffs, abbreviated to PSPS, and they’re increasingly common.
Government commits to uniformed personnel pay rises amid clamour for higher incomes
Prime Minister Kyriakos Mitsotakis has been forced to commit to pay rises for all uniformed personnel after leading ministers and numerous New Democracy MPs called for those serving in the police, coast guard and fire service to be awarded more pay following the recent announcement of wage increases for the armed forces.
Sharp drop in unemployed figures pushes unemployment rate to 8.6 pct in Feb
Greece’s seasonally adjusted (SA) unemployment rate edged down to 8.6 percent in February, from an upwards revised 9.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Want to Play a Game? Global Trade War Is the New Washington Pastime.
Two dozen trade experts gathered recently to simulate how a global trade war would play out. The results were surprisingly optimistic.
Word2Prices: embedding central bank communications for inflation prediction
Word embeddings are vectors of real numbers associated with words, designed to capture semantic and syntactic similarity between the words in a corpus of text. We estimate the word embeddings of the European Central Bank’s introductory statements at monetary policy press conferences by using a simple natural language processing model (Word2Vec), only based on the information and model parameters available as of each press conference. We show that a measure based on such embeddings contributes to improve core inflation forecasts multiple quarters ahead.
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