In 2024, before the renewed trade war, the US tariff rate stood just under 2.5 percent. Between the new emergency IEEPA tariffs and national security Section 232 tariffs, we estimate it will rise to 13.0 percent. That’s the highest tariff rate since 1941. The government has been shut down for 40 days, delaying key federal […]
In addition to mRNA vaccines and CAR-T cell therapy, semaglutides and tirzepatides offer transformative therapies, in this case for obesity and associated type-2 diabetes. But the drugs aren’t cheap, so access is a problem in the US. “Medicare will cover semaglutide (Wegovy) and tirzepatide (Zepbound) for their weight management indications for people with obesity, President […]
The embolden part is emphasis by Thom and not by myself. This does make sense in that employers are sharp enough to know they can cut wages so as to profit from what is paid to Labor through government aid to it. It becomes a trade off with government assistance trade off to company labor […]
I have been looking around for more information, accurate information on the forthcoming increases in ACA healthcare insurance costs. I have yet to find something accurate. There is a lot of speculation or forecasting. Nothing solid right now. Best place to read (I read him also) is Charles Gaba @ ACA Signups. ~~~~~~~ Republicans blame […]
Tariffs do not make the United States secure. Many countries like to sell and supply to the US because it is a large market. The people are more secure and can afford many things. The US relies on foreign countries to supply many different things to it. Some of the hazards of such a reliance […]
Angry Bear’s, Joel Eissenberg had this commentary on Facebook and I am pirating it for Angry Bear. With an addition. Tru_p and Republicans are wanting to eliminate certain programs and portions of programs which have an impact on the lower income population. Keep in mind too, Tru_p has put into play significant tax breaks for […]
Personally, I think all inheritances should be taxed as income from the first dollar. If I inherit money, it’s effectively income. If you want your kids to have your money tax-free, give it to them before you die. If you have a household wealth of $2 million, you are in the top 10% of American […]
The result of the governmental cuts to employees in the Department of Education has resulted in many students having loans unable to contact the department in a timely basis. The action of the DE is to place them in a delinquent status. Few can afford to pay for a college or technical school education. What […]
When we visited Rhode Island in April 2022 on a house-hunting trip, the housing market was red hot. We made offers on three houses, all in Providence. For the first, we made a cash offer but conditioned on inspection. That offer was immediately rejected. Our other two offers didn’t stipulate inspection, but we were out-bid. […]
Briefly: Prices are up. The unknown is whether and how much tariffs are impacting prices. Much can be influenced by news reports to the public. Prices did increase on imports. Are Tariffs Raising U.S. Retail Prices? Econofact The Issue: Tariffs on imported goods have risen steeply since President Trump’s second inauguration, to the highest level […]