Fears of a Global Oil Shock if the Mideast Crisis Intensifies
Posted inAfrica Alternative and Renewable Energy Biden, Joseph R Jr China Developing Countries Economic Conditions and Trends Europe International Relations International Trade and World Market Iran Israel Middle East Oil (Petroleum) and Gasoline Putin, Vladimir V Refineries Russia Russian Invasion of Ukraine (2022) United States Economy United States International Relations War and Armed Conflicts

Fears of a Global Oil Shock if the Mideast Crisis Intensifies

The threat of an escalating conflict between Israel and Iran has created an “extraordinarily precarious” global situation, sowing alarm about the potential economic fallout.
E.V. Tax Credits Are a Plus, but Flaws Remain, Study Finds
Posted inAir Pollution Automobiles Biden, Joseph R Jr Carbon Dioxide Electric and Hybrid Vehicles Energy Efficiency Environment Fuel Emissions (Transportation) Global Warming Inflation Reduction Act of 2022 Law and Legislation National Bureau of Economic Research Tax Credits, Deductions and Exemptions United States

E.V. Tax Credits Are a Plus, but Flaws Remain, Study Finds

The Inflation Reduction Act was a compromise between competing priorities. Evaluating the law on the effectiveness of the $7,500 tax credit for E.V.s is tricky.
Judge Halts Biden Student Debt Plan Right After It Was Allowed to Proceed
Posted inBailey, Andrew (Attorney General) Biden, Joseph R Jr Colleges and Universities Decisions and Verdicts Education Department (US) Georgia Missouri Student Loans Suits and Litigation (Civil) United States Politics and Government

Judge Halts Biden Student Debt Plan Right After It Was Allowed to Proceed

The ruling was the latest instance of legal whiplash for the over 27 million borrowers who could qualify, and yet another blow to the president’s pledge to provide mass student debt relief.
Jobs Report Adds to Economic Momentum for Harris
Posted inBiden, Joseph R Jr Federal Reserve System Harris, Kamala D Inflation (Economics) Interest Rates Labor and Jobs Polls and Public Opinion Presidential Election of 2024 Prices (Fares, Fees and Rates) United States Economy Wages and Salaries

Jobs Report Adds to Economic Momentum for Harris

In recent weeks, reports have shown inflation slowing and the economy growing at a robust clip. The Federal Reserve has also cut interest rates, bringing mortgage rates down.