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No, Consumer Spending Didn’t Plunge in January and Auto Sales Didn’t Collapse, or Whatever, But the Huge Seasonal Adjustments Might Have Gone Awry
Wolf Richter | March 1
Year-over-year, consumer spending jumped by 5.6% and retail sales by 4.8% in January. So there's that.
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PCE Inflation Hits 4.0% Month-to-Month Annualized, Worst since March. 3-Month PCE Hits 2.9%, Worst since April. But Massive “Base Effect” in Services Cools YoY Increases
Wolf Richter | February 28
December, prior months revised higher. Goods prices jump month-to-month by most since August 2023, turn positive for […]
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From best practices to ‘better practices’: Adam Grant on building skill sets fit for the future of work
David Elliott | February 28
How can businesses build vital soft skills, and what are some of the ‘best practices’ they should ditch? […]
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How do Early Warning Systems work – and how can we improve them?
Gareth Francis | February 28
With extreme weather events ramping up, discover how Early Warning Systems for tsunamis, floods and other natural […]
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How Japan is championing a regional startup economy
Naoko Tochibayashi | February 28
Japan is experiencing demographic shifts, particularly the migration of people to Tokyo. In response, regional cities […]
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Shaktikanta Das’ reappointment raises questions about RBI autonomy
Amol Agrawal | February 28
My piece on the recent reappointment of Shaktikanta Das as the Principal Secretary in the PM Office raises many […]
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The Evolving Core of Usable Macroeconomics for Policymakers
Amol Agrawal | February 28
Jonas D. M. Fisher , Bart Hobijn , Alessandro Villa have written this useful primer on usable macro theory for […]
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Ninth Circuit Correctly Rules That Dating App Isn’t Liable for Matching Users
Sophia Cope | February 27
The U.S. Court of Appeals for the Ninth Circuit correctly held that Grindr, a popular dating app, can’t be held […]
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Rebuilding Los Angeles, and other urban transformation stories to read this month
Jeff Merritt | February 27
Top city and urbanization stories: Los Angeles turns to rebuilding; Thailand-China high-speed railway delay; UAE maps […]
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In the South, Pending Home Sales Plunge to Record Low, just as Inventories in Florida & Texas Balloon. Push US Pending Sales to Record Low
Wolf Richter | February 27
In the West, Midwest, and Northeast, sales hobbled along near record-lows. Housing demand got shot in January. Prices […]
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EFF In Conversation With Ron Deibert on Chasing Shadows
Melissa Srago | February 27
Join EFF's Cindy Cohn and Eva Galperin in conversation with Ron Deibert of the University of Toronto’s Citizen Lab, […]
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Why jobs, growth and supply security are now driving investment in advanced energy solutions
Maciej Kolaczkowski | February 27
Advanced energy solutions can boost jobs, growth and security of supply. Governments that offer the right incentives […]
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3 trends shaping the future of cyber leadership
William Dixon | February 27
Ongoing geopolitical shifts are leading to reduced international cooperation in cybersecurity, shaping the agenda of […]
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Middle Eastern banks are set for an AI makeover
Sael Al Waary | February 27
Banks across the Middle East are gearing up for widespread AI adoption. Here's what they're doing — and why it's no […]
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WHO sounds alarm on maternal and newborn health crisis, and other top health stories
Shyam Bishen | February 27
Top health news: WHO calls for investment in maternal and newborn health; Europe’s life expectancy growth stalls; […]
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12 new breakthroughs in the fight against cancer
Victoria Masterson | February 27
Scientists working to improve the treatment and diagnosis of cancer are beginning to use AI, DNA sequencing and […]
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Why Dean Karlan, chief economist of USAID resigned on Tuesday
Amol Agrawal | February 27
Dean Karlan’s interview on resigning as chief economists of USAID: Once the new administration took over, when did […]
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How telecoms can thrive in the age of generative AI
Francesco Venturini | February 27
Telecoms must embrace generative AI to cut costs, boost growth, enhance security and evolve into techcos for […]
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Demand for Electricity Takes Off. US Power Generation by Source in 2024: Natural Gas, Coal, Nuclear, Wind, Hydro, Solar, Geothermal, Biomass, Petroleum
Wolf Richter | February 27
Amid surging demand from data centers (AI, cloud, crypto) and increasing share of EVs.
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Inventory of New Houses for Sale Highest since 2007. Builders Push Mortgage-Rate Buydowns, Price Cuts, and Incentives
Wolf Richter | February 26
What homebuilder Taylor Morrison said about the costs of mortgage-rate buydowns v. actual price cuts.
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Fresh Threats to Privacy Around the Globe | EFFector 37.2
Christian Romero | February 26
EFF is here to keep you up-to-date with the latest news in the world of civil liberties and human rights online with […]
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EFF to California's Supreme Court: Protect the Privacy of Internet Users' Communications
Mario Trujillo | February 26
EFF asked the California Supreme Court not to weaken the Stored Communications Act, a 1986 federal law that restricts […]
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Anti-Surveillance Mapmaker Refuses Flock Safety's Cease and Desist Demand
Dave Maass | February 26
Flock Safety loves to crow about the thousands of local law enforcement agencies around the United States that have […]
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How courage and resilience took this Afghan cyclist to the Olympics
Andrea Willige | February 26
Masomah Ali Zada was threatened for cycling in Afghanistan. Despite this, she made it onto the Refugee Olympic Team in […]
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3 things that need to change to create a more regenerative economy
David Elliott | February 26
The Amazon rainforest is vital to our future but under increasing threat. Highlighting the benefits of regenerative […]
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How we can unlock the potential of innovation districts
Andrew Collinge | February 26
Innovation districts drive economic growth but must balance local benefits, sustainability and digital infrastructure […]
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How collaboration is strengthening global efforts to detect and prevent disease
Lora du Moulin | February 26
Efforts to prevent and mitigate epidemics, pandemics and other emergencies depend on robust disease surveillance […]
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How Japan's efforts to harness local energy supports communities
Naoko Tochibayashi | February 26
Japan is diversifying its energy sources in response to geopolitical uncertainty and the climate crisis – helping to […]
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Supply chain optimization could boost vertical farming. Here's how
Haitao Li | February 26
Many vertical farming startups have failed to scale, turn a profit, or even survive. New research focuses on how to […]
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How World Trade Organization membership is helping Comoros realize its economic goals
Moustoifa Hassani Mohamed | February 26
WTO membership is helping the island nation develop its tourism, blue economy, financial and logistics services, […]