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.

North Carolina continues to make headlines for its economic development incentives
 
A university professor accused the popular AI software ChatGPT of fabricating an academic paper to push radical gender theory.
A university professor accused the popular AI software ChatGPT of fabricating an academic paper to push radical gender theory.
 
Why Americans should take note of the serious risk China poses, both via balloons and social media
Why Americans should take note of the serious risk China poses, both via balloons and social media
 
Some federal regulators, including Securities and Exchange Commission Chairman Gary Gensler, have cracked down on a number of cryptocurrency firms as lawmakers and agencies seek to introduce regulations in the nascent sector.
Some federal regulators, including Securities and Exchange Commission Chairman Gary Gensler, have cracked down on a number of cryptocurrency firms as lawmakers and agencies seek to introduce regulations in the nascent sector.
 
Democratic and Republican members of the Senate Banking Committee drew attention on Thursday to the effect of low housing supply on prices.
Democratic and Republican members of the Senate Banking Committee drew attention on Thursday to the effect of low housing supply on prices.
 
A Washington Post columnist conducted a surreal exercise in absurdity this week to explain why eggs — which have soared 138% in price — are “cheaper than you think.”
A Washington Post columnist conducted a surreal exercise in absurdity this week to explain why eggs — which have soared 138% in price — are “cheaper than you think.”
 
It’s not the machines we have to fear, it’s the humans who are programming them with woke algorithms, Ben Shapiro warned his listeners Tuesday.
It’s not the machines we have to fear, it’s the humans who are programming them with woke algorithms, Ben Shapiro warned his listeners Tuesday.
 
Disney CEO Bob Iger is reportedly set to cut thousands of people from the company in an attempt to save money.
 
Unemployment decreased in 96 of North Carolina’s 100 counties in December, according to the latest release from the state’s Department of Commerce. Ninety-two counties also saw a decrease in unemployment rates in November’s county-level jobs report.
Unemployment decreased in 96 of North Carolina’s 100 counties in December, according to the latest release from the state’s Department of Commerce. Ninety-two counties also saw a decrease in unemployment rates in November’s county-level jobs report.
 
Ark Invest CEO Cathie Wood predicted that Amazon could use more robots than humans by 2030.
Ark Invest CEO Cathie Wood predicted that Amazon could use more robots than humans by 2030.
 
Conservative legislators in North Carolina have notably improved our state’s tax code over the past dozen years. Significant tax cuts and reforms have enabled NC to outcompete most other states economically and make it far more attractive for job creation and investment.
Conservative legislators in North Carolina have notably improved our state’s tax code over the past dozen years. Significant tax cuts and reforms have enabled NC to outcompete most other states economically and make it far more attractive for job creation and investment.
 
Headlines detailing pro-union pushes at Amazon, Starbucks, and other big companies, coupled with President Biden’s vow to be the “most pro-union President leading the most pro-union administration in American history,” may lead us to think union membership is seeing a resurgence.
Headlines detailing pro-union pushes at Amazon, Starbucks, and other big companies, coupled with President Biden’s vow to be the “most pro-union President leading the most pro-union administration in American history,” may lead us to think union membership is seeing a resurgence.
 
Rep. Ben Moss, R-Richmond, called for re-evaluating the “antiquated” county tier system, a system that ranks N.C.’s counties based on several economic factors, in his legislative agenda released on Tuesday.
Rep. Ben Moss, R-Richmond, called for re-evaluating the “antiquated” county tier system, a system that ranks N.C.’s counties based on several economic factors, in his legislative agenda released on Tuesday.
 
News outlets are reporting that the total number of registered electric vehicles in North Carolina has topped 50,000.
News outlets are reporting that the total number of registered electric vehicles in North Carolina has topped 50,000.
 
The Consumer Price Index (CPI) fell 0.1% in December after increasing 0.1% in November, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.5%. Core inflation, which excludes volatile energy and food prices, rose 5.7% on an annual basis.
The Consumer Price Index (CPI) fell 0.1% in December after increasing 0.1% in November, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.5%. Core inflation, which excludes volatile energy and food prices, rose 5.7% on an annual basis.
 
This latest aviation meltdown joins a seemingly endless series of blunders by the Department of Transportation
This latest aviation meltdown joins a seemingly endless series of blunders by the Department of Transportation
 
Economists with the Committee to Unleash Prosperity released a new study last month highlighting our nation’s expansive welfare state.
Economists with the Committee to Unleash Prosperity released a new study last month highlighting our nation’s expansive welfare state.
 
A new survey finds that 44% of all working-age Americans have a side hustle amid inflation, up 13% from 2020.
A new survey finds that 44% of all working-age Americans have a side hustle amid inflation, up 13% from 2020.
 
The long-term effects of the pandemic lockdowns will be felt for decades to come
 
It’s been quite a year for the state and national economy. Looking back on 2022, North Carolina saw economic growth and recovery from lockdowns but also indications of a recession.
It’s been quite a year for the state and national economy. Looking back on 2022, North Carolina saw economic growth and recovery from lockdowns but also indications of a recession.
 
One of the worst years for stocks in recent decades came after President Joe Biden made a series of rosy predictions about their performance.
One of the worst years for stocks in recent decades came after President Joe Biden made a series of rosy predictions about their performance.
 
In 2022, national average gas prices in the United States reached their highest point since GasBuddy began keeping track, and they could remain elevated relative to earlier levels next year.
In 2022, national average gas prices in the United States reached their highest point since GasBuddy began keeping track, and they could remain elevated relative to earlier levels next year.
 
Some argue that minimum wage increases would create more wealth for those with the greatest need in North Carolina
Some argue that minimum wage increases would create more wealth for those with the greatest need in North Carolina
 
Economic shocks continues, as the Fed raises interest rates for the seventh time this year
Economic shocks continues, as the Fed raises interest rates for the seventh time this year
 
North Carolina’s unemployment rate increased for the fourth consecutive month in November, according to the latest release from the North Carolina Department of Commerce.
North Carolina’s unemployment rate increased for the fourth consecutive month in November, according to the latest release from the North Carolina Department of Commerce.
 
Institutional investors are more concerned with stagflation than a recession next year, according to a survey conducted by Natixis.
Institutional investors are more concerned with stagflation than a recession next year, according to a survey conducted by Natixis.
 
Though the Fed raised the interest rate by only 0.5%, seems like inflation is here to stay until at least 2024
Though the Fed raised the interest rate by only 0.5%, seems like inflation is here to stay until at least 2024
 
Christmas will be costly again this year as inflation eats away at your holiday hosting and shopping budget. Food, presents, and travel will all cost more than they did last year.
Christmas will be costly again this year as inflation eats away at your holiday hosting and shopping budget. Food, presents, and travel will all cost more than they did last year.
 
Sen. Elizabeth Warren (D-MA) and celebrity investor Kevin O’Leary clashed during a Wednesday hearing of the Senate Banking Committee discussing new federal regulations on cryptocurrency following the collapse of digital asset exchange FTX.
Sen. Elizabeth Warren (D-MA) and celebrity investor Kevin O’Leary clashed during a Wednesday hearing of the Senate Banking Committee discussing new federal regulations on cryptocurrency following the collapse of digital asset exchange FTX.
 
Edgecombe County had the highest overall October unemployment rate at 7.5%
Edgecombe County had the highest overall October unemployment rate at 7.5%
 
Tax credits for higher-income people buying expensive electric vehicles will be borne on the backs of the poor
 
North Carolinians will have reason to celebrate on January 1, 2023 as they see more money in their paychecks.
North Carolinians will have reason to celebrate on January 1, 2023 as they see more money in their paychecks.
 
The Institute for Justice (IJ) has released an update of its stellar “License to Work” report, which examines the burdens of occupational licensing regulations across the country.
The Institute for Justice (IJ) has released an update of its stellar “License to Work” report, which examines the burdens of occupational licensing regulations across the country.
 
Ongoing trend continues of companies not living up to their economic promises to North Carolina despite JDIG incentives.
Ongoing trend continues of companies not living up to their economic promises to North Carolina despite JDIG incentives.
 
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