December 22, 2024
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Inflation

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Fed Meeting Today: A Pivotal Moment for the US Economy

Capitalist Money08 mins

Today, September 18th, 2024, marks a pivotal moment for the US economy as the Federal Reserve (Fed) convenes for its highly anticipated Federal Open Market Committee (FOMC) meeting. This gathering holds significant weight as it is widely expected to usher in the first interest rate cut in over four years, a move aimed at bolstering…

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Deer Park Pipeline Explosion: A Texas-Sized Inferno and Its Aftermath

Capitalist Money07 mins

The skies over Deer Park, Texas, were ablaze Monday morning as a 20-inch natural gas liquids pipeline erupted in a massive fire, sending a towering plume of smoke and flames visible for miles. The inferno, triggered by a vehicle collision with a pipeline valve, forced evacuations, ignited nearby homes, and sparked concerns about air quality…

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Navigating the Tides: Understanding Coastal Flood Advisories in a Changing World

Capitalist Money05 mins

Coastal flood advisories are becoming increasingly common across the globe, a stark reminder of the rising threat of climate change and its impact on our coastlines. These advisories, issued by meteorological agencies, warn of potential flooding due to a combination of factors like high tides, storm surges, and heavy rainfall. While often perceived as a…

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Social Security 2025 COLA: A Modest Increase Amidst Rising Costs

Capitalist Money03 mins

As the year draws to a close, Social Security beneficiaries are looking ahead to 2025 and the anticipated cost-of-living adjustment (COLA) that will impact their monthly payments. Recent news suggests the increase could be modest, coming in at around 2.5%, a stark contrast to the substantial bumps seen in recent years. This news has sparked…

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China’s Retirement Age: A Necessary Change Facing a Shrinking Workforce

Capitalist Money04 mins

China’s recent decision to raise its retirement age, a move first announced in 2024, is a stark reminder of the demographic challenges facing the world’s second-largest economy. The gradual increase, set to be implemented over a 15-year period, aims to address a shrinking workforce and a looming pension crisis. The Context of the Change: The…

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Alex Karp: The Controversial Architect of Palantir

Capitalist Money06 mins

Alex Karp, the co-founder and CEO of Palantir Technologies, is a figure who sparks both admiration and apprehension in the tech world. As the architect of a data analytics firm that has become deeply entangled with government agencies, Karp walks a tightrope between the allure of innovation and the anxieties surrounding its potential misuse. His…

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ALDI: A Grocery Giant on the Rise, Hiring Thousands and Raising Wages

Capitalist Money05 mins

ALDI, the popular grocery chain known for its low prices and efficient shopping experience, is currently making headlines for its aggressive hiring strategy and wage increases. The company, which already employs over 49,000 workers nationwide, is looking to add another 13,000 employees to its ranks, primarily in store and warehouse positions. This hiring spree coincides…

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Air Canada Strike Looms: Passengers Brace for Disruptions as Negotiations Stall

Capitalist Money04 mins

The skies above Canada are currently shrouded in uncertainty as Air Canada and its pilots’ union remain at an impasse in contract negotiations, threatening a potential strike that could disrupt travel for tens of thousands of passengers. With the deadline for a deal rapidly approaching, the airline is preparing to suspend most of its operations,…

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