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Why inflation can actually be good for everyday Americans and bad for rich people
No one likes paying more for stuff. That’s why inflation, especially the sharp price increases we’ve seen in recent months, feels like a dirty word. But on the whole, inflation can actually be a good thing for many working-class Americans, especially those with fixed-rate debt like a 30-year mortgage. That’s because wages are going up, which not only empowers workers but also gives them more money to pay down debt. Plus, in the case of a mortgage, your monthly payment will be the same but your house will increase in value. And many of the people taking a bath when prices rise are...…No one likes paying more for stuff. That’s why inflation, especially the sharp price increases we’ve seen in recent months, feels like a dirty word. But on the whole, inflation can actually be a good thing for many working-class Americans, especially those with fixed-rate debt like a 30-year mortgage. That’s because wages are going up, which not only empowers workers but also gives them more money to pay down debt. Plus, in the case of a mortgage, your monthly payment will be the same but your house will increase in value. And many of the people taking a bath when prices rise are...WW…
After her husband nearly died from heatstroke, she took her fight to the highest levels
Skip to main contentYou have permission to edit this article.EditHomeSearchNewsCoronavirusWeatherSportsFeaturesVideoWatchContact...FREEZE WARNING REMAINS IN EFFECT FROM 9 PM CDT /10 PM EDT/THIS EVENING TO 9 AM CDT /10 AM EDT/ TUESDAY...* WHAT...Sub-freezing temperatures between 21 and 27 degreesexpected.* WHERE...All of southern Illinois, southwest Indiana, westernKentucky and southeast Missouri.* WHEN...From 9 PM CDT this evening to 9 AM CDT Tuesday.* IMPACTS...Frost and freeze conditions will kill crops, othersensitive vegetation and possibly damage unprotected outdoorplumbing.*...…Skip to main contentYou have permission to edit this article.EditHomeSearchNewsCoronavirusWeatherSportsFeaturesVideoWatchContact...FREEZE WARNING REMAINS IN EFFECT FROM 9 PM CDT /10 PM EDT/THIS EVENING TO 9 AM CDT /10 AM EDT/ TUESDAY...* WHAT...Sub-freezing temperatures between 21 and 27 degreesexpected.* WHERE...All of southern Illinois, southwest Indiana, westernKentucky and southeast Missouri.* WHEN...From 9 PM CDT this evening to 9 AM CDT Tuesday.* IMPACTS...Frost and freeze conditions will kill crops, othersensitive vegetation and possibly damage unprotected outdoorplumbing.*...WW…
Goldman Sachs analysts say they work 95-hour weeks and endure 'inhumane' treatment | CNN Business
MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — A workplace survey from a group of junior analysts at Goldman Sachs is about to make you feel a lot better about your job.About a dozen first-year analysts say they are working on average, sleeping just five hours a night and enduring workplace abuse. The majority of them say their mental health has deteriorated significantly since they started working at the investment bank.“There was a point where I was not eating, showering or doing anything else other than working from morning until after...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — A workplace survey from a group of junior analysts at Goldman Sachs is about to make you feel a lot better about your job.About a dozen first-year analysts say they are working on average, sleeping just five hours a night and enduring workplace abuse. The majority of them say their mental health has deteriorated significantly since they started working at the investment bank.“There was a point where I was not eating, showering or doing anything else other than working from morning until after...WW…
Deep freeze sends Texas electricity prices soaring 10,000%
(CNN Business)Editor's Note: A version of this story appeared in CNN Business' Nightcap newsletter. To get it in your inbox, sign up for free, .Tonight: A deep freeze sends Texas electricity prices soaring 10,000%; Citibank can't fix a $500 million oopsie; and vegan KitKats are now a thing. Let's get into it.Unthinkably cold temperatures have knocked Texas' energy facilities offline. Electricity prices spiked more than 10,000% when the winter storm hit this week. There are blackouts across the state. More than 4 million Texans were without power early Tuesday.Read MorePOINTING...…(CNN Business)Editor's Note: A version of this story appeared in CNN Business' Nightcap newsletter. To get it in your inbox, sign up for free, .Tonight: A deep freeze sends Texas electricity prices soaring 10,000%; Citibank can't fix a $500 million oopsie; and vegan KitKats are now a thing. Let's get into it.Unthinkably cold temperatures have knocked Texas' energy facilities offline. Electricity prices spiked more than 10,000% when the winter storm hit this week. There are blackouts across the state. More than 4 million Texans were without power early Tuesday.Read MorePOINTING...WW…
Coca-Cola is discontinuing Tab after nearly 60 years
(CNN)RIP, Tab. After nearly 60 years, Coca-Cola is discontinuing its first-ever diet soda, Tab, which acquired a huge fan base in the '70s and '80s and maintained a small but devoted following through the years. "Tab had an amazing run," said Robert Bixby, executive director of the Concord Coalition and a longtime Tab enthusiast. Bixby said messages of condolences have been pouring in. "As a business decision I can understand it, but it's a very sad day ... I do feel it's like losing a friend." Tab is one of several has said it is eliminating from its brand lineup by the end of the year as...…(CNN)RIP, Tab. After nearly 60 years, Coca-Cola is discontinuing its first-ever diet soda, Tab, which acquired a huge fan base in the '70s and '80s and maintained a small but devoted following through the years. "Tab had an amazing run," said Robert Bixby, executive director of the Concord Coalition and a longtime Tab enthusiast. Bixby said messages of condolences have been pouring in. "As a business decision I can understand it, but it's a very sad day ... I do feel it's like losing a friend." Tab is one of several has said it is eliminating from its brand lineup by the end of the year as...WW…
Michael Brooks, political commentator and podcast host, dies at 36 | CNN Business
MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Michael Brooks, a progressive political commentator and co-host of the “Majority Report” podcast, died of a “sudden medical condition,” on Twitter Monday. He was 36.“It is with a heavy heart that we announce the unexpected passing of Michael Brooks: a son, brother, friend, and true comrade to so many,” Brooks’ colleagues tweeted. The statement didn’t offer details about the medical condition.Brooks was a regular co-host of the Majority Report with Sam Seder, and in 2017 he launched “The Michael...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Michael Brooks, a progressive political commentator and co-host of the “Majority Report” podcast, died of a “sudden medical condition,” on Twitter Monday. He was 36.“It is with a heavy heart that we announce the unexpected passing of Michael Brooks: a son, brother, friend, and true comrade to so many,” Brooks’ colleagues tweeted. The statement didn’t offer details about the medical condition.Brooks was a regular co-host of the Majority Report with Sam Seder, and in 2017 he launched “The Michael...WW…
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