economy

economy

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What it takes to make ends meet in each North Carolina county

The 2022 Living Income Standard soars to new heights When COVID-19 arrived, few (if any) pundits predicted inflation would become one of the most fretted-over issues in 2022, but here we are. Supply chain disruptions, pent-up demand, war in Ukraine, and myriad other factors have made it harder and harder for many working families to make ends meet.

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Five simple Tax Day truths the political right would rather you not consider

If you’re not among the 7% or so of Americans who were expected to file for an extension, Tax Day 2022 has come and gone. Congratulations! While no one really enjoys paying taxes, April 15 – or as was the case this year, April 18 – marks an important annual moment in the life of our democracy.../p ...

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Why is Thom Tillis blocking a Black North Carolinian from the Federal Reserve’s leadership?

Earlier this past month, Senator Thom Tillis tweeted something that no one could disagree with. “During #BlackHistoryMonth, we recognize the experiences and contributions of Black North Carolinians to our state.”  Those are easy words. But, the fact is, Senator Tillis blocked the historic appointment of a Black North Carolinian to the powerful Board of Governors of the Federal Reserve System in the same month.

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The inflation blame game: Five important facts to keep in mind

The subject of inflation has been on many tongues in the public policy world of late – especially as Republican politicians comb every nook and cranny of the news cycle for topics with which to launch broadsides at the Biden administration. In November, Congressman Ted Budd – a candidate for Richard Burr’s soon-to-be-available U.S. Senate seat – introduced a snarky bill that would “require all personnel in the Biden White House to complete a financial literacy course focused on inflation.”

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What’s at stake in the hotly contested governor’s race north of the border

Issues familiar to North Carolinians are front and center in today's Virginia gubernatorial election Voters are headed to the polls today to elect the next governor of Virginia in a close race that has drawn significant national attention and that will likely have political implications for North Carolina — a neighboring state that is grappling with many similar policy debates.

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It’s time to say ‘no’ to the massive tax conservatives are imposing on Americans

As P.T. Barnum is so famously credited with observing a century and half ago, Americans can be a surprisingly credulous people. Whether it’s a circus sideshow curiosity, a new cure-all elixir or a supposedly surefire “get rich” scheme, ours is a nation of hopeful people who like to believe...

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Monday numbers: A closer look at a giant insurance company’s dire warning about climate and the economy

A new report issued by “Swiss Re” – that’s the name by which the venerable Fortune 500 firm, Swiss Reinsurance Company, Ltd., is known – includes some dire new warnings about climate change and what it will mean for the global economy in the years ahead.

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‘We’re not through this’: Governors plead with Congress for emergency assistance

Republican congressman from NC calls hearing from governors a "waste of time" WASHINGTON — Democratic governors on Thursday begged Congress to come to the aid of ailing states, which face unexpected expenses as they attempt to curb the spread of COVID-19 as well as massive revenue shortfalls due to the pandemic. But Republicans at a House hearing rejected their pleas, arguing that states have yet to spend money provided by Congress earlier this year, and prospects appeared to dim for any kind of deal on additional emergency aid before the election.

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