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Says wind and solar not reliable; this is a wake up call for North Carolina
Says wind and solar not reliable; this is a wake up call for North Carolina
 
Says Consumers Who Built Up Good Credit Scores Will Be Punished
 
The Baby Boomer generation stretched from 1946 to 1964. That means members are now 59 to 77 years old, and nearly 10,000 Boomers reach retirement age — 65 — each day.
The Baby Boomer generation stretched from 1946 to 1964. That means members are now 59 to 77 years old, and nearly 10,000 Boomers reach retirement age — 65 — each day.
 
Wendy’s announced on Thursday that the company will test a robotic system to deliver orders underground from its kitchens to distinct parking spots outside of its restaurants, a move which comes as the food services sector turns toward automation in response to labor shortages.
Wendy’s announced on Thursday that the company will test a robotic system to deliver orders underground from its kitchens to distinct parking spots outside of its restaurants, a move which comes as the food services sector turns toward automation in response to labor shortages.
 
The Consumer Price Index (CPI) rose 0.4% in April after increasing 0.1% in March according to the latest release from the Bureau of Labor Statistics.
The Consumer Price Index (CPI) rose 0.4% in April after increasing 0.1% in March according to the latest release from the Bureau of Labor Statistics.
 
Funding for Wake Schools Would Be Up 38% Over 5 Years Ago, Despite Falling Attendance
Funding for Wake Schools Would Be Up 38% Over 5 Years Ago, Despite Falling Attendance
 
American households currently have nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession, according to data released on Monday from the Federal Reserve Bank of New York.
American households currently have nearly $17.1 trillion in consumer debt, with balances standing $2.9 trillion higher than before the lockdown-induced recession, according to data released on Monday from the Federal Reserve Bank of New York.
 
The average age of cars and light-duty trucks on American roads has reached 12.5 years, according to a report from S&P Global, a phenomenon that comes as bottlenecked supply chains and elevated inflation continue their toll on households.
The average age of cars and light-duty trucks on American roads has reached 12.5 years, according to a report from S&P Global, a phenomenon that comes as bottlenecked supply chains and elevated inflation continue their toll on households.
 
Three electric utility companies in California proposed a fixed-rate billing plan under which high-income households would pay more than low-income households.
Three electric utility companies in California proposed a fixed-rate billing plan under which high-income households would pay more than low-income households.
 
Across the university system, digitization continues apace.
 
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
 
While tax increases and utility rate hikes have been stopped, budget shenanigans continue.
While tax increases and utility rate hikes have been stopped, budget shenanigans continue.
 
Nestlé, the largest food and drink company in the world, raised prices by a collective 9.8% in the first three months of the year as inflationary pressures increased input costs for the business.
Nestlé, the largest food and drink company in the world, raised prices by a collective 9.8% in the first three months of the year as inflationary pressures increased input costs for the business.
 
Get ready to see higher electricity bills if the North Carolina Utilities Commission approves a requested price hike by Duke Energy Progress.
Get ready to see higher electricity bills if the North Carolina Utilities Commission approves a requested price hike by Duke Energy Progress.
 
In 2013, the new General Assembly held the sales tax at 4.75%, while expanding the base. Consumption-based taxes like the sales tax are more stable and less economically destructive than income taxes which discourage savings and investment.
In 2013, the new General Assembly held the sales tax at 4.75%, while expanding the base. Consumption-based taxes like the sales tax are more stable and less economically destructive than income taxes which discourage savings and investment.
 
PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
 
Unemployment fell in March as the number of new jobs aligned with expectations, according to data from the Bureau of Labor Statistics released Friday.
Unemployment fell in March as the number of new jobs aligned with expectations, according to data from the Bureau of Labor Statistics released Friday.
 
Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that she expects policymakers will increase the target federal funds rate beyond 5.0% as inflationary pressures continue to impact the economy.
Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that she expects policymakers will increase the target federal funds rate beyond 5.0% as inflationary pressures continue to impact the economy.
 
Layoffs among employers based in the United States increased nearly 400% between the first three months of last year and this year.
Layoffs among employers based in the United States increased nearly 400% between the first three months of last year and this year.
 
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
 
JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.
JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.
 
The Beaufort County Community College Foundation is proud to announce the following recipients of the BCCC Foundation General Scholarship.
The Beaufort County Community College Foundation is proud to announce the following recipients of the BCCC Foundation General Scholarship.
 
House Speaker Kevin McCarthy (R-CA) announced on Monday that lawmakers would soon vote to raise the debt ceiling for one year and seek to slow spending increases for federal agencies.
House Speaker Kevin McCarthy (R-CA) announced on Monday that lawmakers would soon vote to raise the debt ceiling for one year and seek to slow spending increases for federal agencies.
 
President Joe Biden asserted on Friday that his administration has achieved significant “progress” with combating price levels, even as inflation rates remain between three times and four times higher than at the start of his term.
President Joe Biden asserted on Friday that his administration has achieved significant “progress” with combating price levels, even as inflation rates remain between three times and four times higher than at the start of his term.
 
House Republicans sent letters to protect faith-based entities from discrimination in the federal budget due to their views on traditional marriage.
House Republicans sent letters to protect faith-based entities from discrimination in the federal budget due to their views on traditional marriage.
 
Federal Deposit Insurance Corporation Chairman Martin Gruenberg revealed on Monday that the firm guaranteed as much as $13.3 billion in uninsured deposits for the 10 largest account holders at the defunct Silicon Valley Bank.
Federal Deposit Insurance Corporation Chairman Martin Gruenberg revealed on Monday that the firm guaranteed as much as $13.3 billion in uninsured deposits for the 10 largest account holders at the defunct Silicon Valley Bank.
 
Duke Energy Carolinas wants to increase residential rates for its customers between 16.2 and 16.6% by Sept. 1 and an additional 0.4% by Jan. 1. The utility is also seeking a rate hike for commercial and industrial customers. Rates would increase by 12.1% and 15.2%.
Duke Energy Carolinas wants to increase residential rates for its customers between 16.2 and 16.6% by Sept. 1 and an additional 0.4% by Jan. 1. The utility is also seeking a rate hike for commercial and industrial customers. Rates would increase by 12.1% and 15.2%.
 
As multiple banks implode, insurance deposit limit receives renewed scrutiny
As multiple banks implode, insurance deposit limit receives renewed scrutiny
 
Higher spending and lower revenue intake produced a $1.1 trillion budget deficit in the first six months of fiscal year 2023, according to a report released Monday by the Congressional Budget Office.
Higher spending and lower revenue intake produced a $1.1 trillion budget deficit in the first six months of fiscal year 2023, according to a report released Monday by the Congressional Budget Office.
 
First Citizens Bank will acquire Silicon Valley Bank on Monday after the latter company faced a run on deposits and collapsed.
First Citizens Bank will acquire Silicon Valley Bank on Monday after the latter company faced a run on deposits and collapsed.
 
Elon Musk rebuked the White House for announcing newly protected natural resources and touting efforts to fight climate change as the nation contends with a banking crisis.
Elon Musk rebuked the White House for announcing newly protected natural resources and touting efforts to fight climate change as the nation contends with a banking crisis.
 
My latest piece at the American Institute for Economic Research discusses the particularly harmful impact progressive income taxes have on productivity and the poor.
My latest piece at the American Institute for Economic Research discusses the particularly harmful impact progressive income taxes have on productivity and the poor.
 
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