Trump Says America Is in ‘Golden Age,’ Straining to Address Affordability
Speaking at a gathering of McDonald’s franchise owners and operators, the president boasted that he had “normalized” inflation.
UK plans for pay-per-mile electric vehicle tax could make the system fairer – or provoke a fierce backlash
H.E. Group Ltd/ShutterstockThe growth in sales of electric vehicles is a positive step in the UK’s journey to net zero. They are cleaner, quieter and better for the environment.
Labor supply response to windfall gains
Using a large survey of euro area consumers, we conduct an experiment in which respondents report how they would adjust their labor market participation, hours worked, and job search effort (if not employed) in response to randomly assigned windfall gain scenarios. Windfall gains reduce labor supply, but only when the gains are substantial. At the extensive margin, gains of €25,000 or less have no effects, while gains between €50,000 and €100,000 reduce the probability of working by 1.5 to 3.5 percentage points.
Labor supply response to windfall gains
Using a large survey of euro area consumers, we conduct an experiment in which respondents report how they would adjust their labor market participation, hours worked, and job search effort (if not employed) in response to randomly assigned windfall gain scenarios. Windfall gains reduce labor supply, but only when the gains are substantial. At the extensive margin, gains of €25,000 or less have no effects, while gains between €50,000 and €100,000 reduce the probability of working by 1.5 to 3.5 percentage points.
PRA confirms FSCS deposit limit to be increased to £120,000 from 1 December
From the start of December, UK bank customers will benefit from an increase to the maximum amount they would be reimbursed for if their bank were to fail
High Beef Prices? Trump Official Blames Biden and Migrants.
Treasury Secretary Scott Bessent said migrants were bringing sick cows across the border, snarling beef supply chains.
AI, Antitrust, and the Future of the Marketplace of Ideas
AI was sold as a tool to broaden the marketplace of ideas. Instead, a handful of platforms now control how truth travels, shaping what we see, starving journalism, and locking new AI rivals out of the data democracy needs to survive.
In 1919, Justice Oliver Wendell Holmes famously wrote that truth prevails when ideas compete freely. This marketplace of ideas metaphor has shaped our democracy: when ideas circulate and compete, truth wins out.
The honey trap: why honey fraud is a health hazard
Vladimir Sukhachev/ShutterstockNaturally sweet, but potentially hiding a criminal past? This is not the plot of a new crime drama. It is about the jar of honey in your kitchen.
Former Fed Official Violated Trading Rules, Disclosures Show
Adriana D. Kugler, who stepped down as a governor in August, reported trades in stocks, including Apple and Southwest Airlines, in 2024.
Retailers are quietly changing their return policies – here’s why you should be on the lookout this Black Friday
’Tis the season for giving – and that means ’tis the season for shopping. Maybe you’ll splurge on a Black Friday or Cyber Monday deal, thinking, “I’ll just return it if they don’t like it.” But before you click “buy,” it’s worth knowing that many retailers have quietly tightened their return policies in recent years.
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