NFT trading market suspends sales due to fraud
The platform which sold an NFT of Jack Dorsey’s first tweet for $2.9 million has halted most transactions because people were selling tokens of content that did not belong to…
What a surprise: 7.5% annualized inflation rate
February 10, 2022: Inflation surges 7.5% February 20, 2022: Inflation eroded pay by 1.7% over the past year Remember all those “Free money” stimulus checks the government sent you? You…
Electric cars appears to create sales tax boom for states
Many are priced in the $70,000 to $100,000 (or even higher) price range. If EVs sell in quantities – government mandates will likely force that in the years ahead –…
Federal unemployment rate now 3.9%
In January 2022, politicians are seeking a continued ban on evictions of those not paying rent. Depending on where you live (typically a Blue state), the moratoriums may be extended…
The U.S. is falling behind in international “transversal” skills
There's a term called "transversal" skills - referring to one's ability to be 21st century forward thinking, to understand other cultures and international opportunities, to be digitally skilled, to have…
Inflation highest in almost 40 years
Prices for American consumers are rising at their fastest annual rate since June 1982.The consumer price index (CPI) rose 6.8% in the year to November according to the latest figures…
The job age discrimination problem and contemporary worker shortage
Many people over age 50-55 were furloughed or cut in layoffs during the pandemic. Many have found it difficult to obtain a new, relevant job related to their experience and…
Risk of high inflation
A friend just emailed: The M2 money supply is up by over +39% since the start of the pandemic. We’ve got excess cash, demand and insufficient supply leading to higher…
Obviously, college tuition needs to be much higher :)
One can imagine college administrators using this to justify tuition hikes: Not only do cheaper universities lead to lower average incomes over time, but students who attend low-return schools may…
The worker shortage
U.S. Treasury Secretary Janet Yellen said on Friday that labor force participation was “quite depressed” compared to pre-pandemic levels. Source: Labor force participation “quite depressed” versus pre-pandemic levels, Yellen says…