Economic Truths | Eastern NC Now

In the fog of war between Conservative Realists and the Democratic Socialist Propagandists, there are base economic truths that must be maintained, and they can be found here.

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Economic Truths  

In the fog of war between Conservative Realists and the Democratic Socialist Propagandists, there are base economic truths that must be maintained, and they can be found here.

The Consumer Price Index (CPI) rose 0.1% in August after remaining constant in July according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 8.3%. This number would have been markedly higher if not for declining gas prices.
The Consumer Price Index (CPI) rose 0.1% in August after remaining constant in July according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 8.3%. This number would have been markedly higher if not for declining gas prices.
 
Americans facing largest national debt ever, just as Biden announces student loan forgiveness
 
According to the latest press release from the Governor’s press office, Governor Roy Cooper pledged $1.2 million in taxpayer dollars to a battery company for their expansion.
According to the latest press release from the Governor’s press office, Governor Roy Cooper pledged $1.2 million in taxpayer dollars to a battery company for their expansion.
 
The Small Business Administration and Department of Treasury distributed $800 billion of emergency funding via the newly created Paycheck Protection Program (PPP) to save businesses from permanent closure during the Covid pandemic.
The Small Business Administration and Department of Treasury distributed $800 billion of emergency funding via the newly created Paycheck Protection Program (PPP) to save businesses from permanent closure during the Covid pandemic.
 
Yet 2.6 million more people would need to enter the labor force to match pre-pandemic labor force rates
Yet 2.6 million more people would need to enter the labor force to match pre-pandemic labor force rates
 
Despite sky-high inflation, fears over energy costs and the possibility of stagflation, Pres. Biden says the country is on the economic rebound
Despite sky-high inflation, fears over energy costs and the possibility of stagflation, Pres. Biden says the country is on the economic rebound
 
Biden’s student debt forgiveness plan sends powerful but dangerous messages
 
According to the latest release from the North Carolina Department of Commerce, unemployment rates decreased in all 100 of North Carolina’s counties in July.
According to the latest release from the North Carolina Department of Commerce, unemployment rates decreased in all 100 of North Carolina’s counties in July.
 
State visitor spending in 2021 would have needed to be another $2 billion higher to break even with the 2019 record
State visitor spending in 2021 would have needed to be another $2 billion higher to break even with the 2019 record
 
Two Chatham County communities will soon be without twenty-seven homes, five businesses, and one church because the state of North Carolina is exercising its eminent domain powers to make way for VinFast, a startup Vietnamese auto company.
Two Chatham County communities will soon be without twenty-seven homes, five businesses, and one church because the state of North Carolina is exercising its eminent domain powers to make way for VinFast, a startup Vietnamese auto company.
 
North Carolina’s July unemployment rate remained unchanged at 3.4% for the fourth consecutive month according to the latest release from the North Carolina Department of Commerce. The national rate decreased by 0.1% to 3.5%.
North Carolina’s July unemployment rate remained unchanged at 3.4% for the fourth consecutive month according to the latest release from the North Carolina Department of Commerce. The national rate decreased by 0.1% to 3.5%.
 
Reports indicate that consumer spending is on the downturn, and the latest Civitas Poll shows Americans increasingly worried about their jobs
Reports indicate that consumer spending is on the downturn, and the latest Civitas Poll shows Americans increasingly worried about their jobs
 
On Aug. 16, President Joe Biden signed the “Inflation Reduction Act” into law. So how will North Carolinians be affected by the large, multi-faceted bill?
On Aug. 16, President Joe Biden signed the “Inflation Reduction Act” into law. So how will North Carolinians be affected by the large, multi-faceted bill?
 
Several Republican state attorneys general informed asset manager BlackRock last week that its shareholder activism efforts “may violate multiple state laws.”
Several Republican state attorneys general informed asset manager BlackRock last week that its shareholder activism efforts “may violate multiple state laws.”
 
The U.S. House and Senate voted along party lines to pass the latest tax and spend bill, “The Inflation Reduction Act of 2022,” (IRA) sending it to President Biden’s desk. Yesterday, with Biden’s signature, the bill became law.
The U.S. House and Senate voted along party lines to pass the latest tax and spend bill, “The Inflation Reduction Act of 2022,” (IRA) sending it to President Biden’s desk. Yesterday, with Biden’s signature, the bill became law.
 
As tax reform heats up across the country, high-tax states should take notice
 
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