Trump Threatens to Halt Some Trade Unless the Fed Cuts Rates
The president said he could halt trade between the United States and countries with which it has a trade deficit if the central bank doesn’t do his bidding.
IFDP Paper: Exchange Rate Transmission through Multinational Firms: Evidence from Japan
Ryan Kim, Bin Ni, Hyunseung Oh, and Choongryul YangWe study an income-account channel of exchange-rate transmission using matched data on Japanese multinational parents and their foreign affiliates.
Drunk online shopping is big business – but who is responsible?
Revenue from shopping online while drunk is worth billions, according to some estimates. Oleg Elkov / ShutterstockOne Sunday morning, Juliet* woke up to an eager delivery driver with a large package she had no recollection of ordering. She was quick to dismiss it as an e-commerce mistake before the card inside helped solve the mystery: “To Sober Juliet, from your friend, Drunk Juliet.”
Former Labor Secretary Stoked Dysfunction and Toxicity, Department Report Finds
Lori Chavez-DeRemer spent Labor Department funds on personal travel and tolerated harassment in the agency, its inspector general found.
Dutch Central Bank Cuts Gold Reserves in U.S., Citing ‘Geopolitical Unrest’
The Netherlands moved some 90 tons of gold out of the Federal Reserve Bank in New York, the second European nation this year to announce it had decreased or eliminated U.S. gold holdings.
U.S. Trade Gap Ballooned in July
The trade deficit bounced back up last month as spending on data centers to feed the A.I. boom drove up imports.
Schools Giving Aid to Minority Students Could Lose Tax Exemptions Under Trump’s New Rules
The Treasury Department released rules that would prevent schools with race-based programs from qualifying for tax-exempt status, a threat to both higher education and other private schools.
FEDS Paper: The Flight to Affordability: Effects of Pandemic Rent Increases on Renters By Geography
Erin Troland, Isabella Agnes, Jessica Liu, Fatimah Shalaan, Michelle Tran, and Douglas WebberIn the pandemic era, people moved from high-density, expensive areas to more affordable areas, putting upward pressure on local housing prices. We examine the geographic distribution of rent growth during this time and its effects on renters.
How AI could make us work even harder
TechAnimationStock/ShutterstockTechnological progress has taken more than its fair share of the workload from humans over the years. Washing machines clean our clothes, tractors plough the fields and computers sort out the admin.
Shoppers are less peeved by cost hikes due to scarcity – but retailers more often blame their own rising costs
Inflation-strapped shoppers are becoming ever more skeptical about companies' justfications for price hikes. Pars Sahin on Unsplash, CC BYOver the past few years, consumers have been hit with a steady stream of price hikes on everything from groceries to streaming subscriptions.
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