In January 2019, Xie Junchi eagerly signed a contract to provide 20,000 tons of steel to the Zunyi Road and Bridge Engineering Construction Group every month, a company controlled by the local government of Guizhou, for public road construction. Four years later Mr. Xie has received only $30,000 of the $550,000 […]
Other News
Protected: Could local debt weigh down China’s economy?
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Despite Wage Increases, Restaurants Struggle to Bring Back Workers
When longtime server Lori Fox lost their job early in the pandemic, they assumed they were stepping away from the restaurant industry for a short time. Instead, they never went back, shifting to a career as a freelance writer, editor and journalist. “I didn’t want to go back into it […]
Protected: Native American Veterans Offered Extremely Low Mortgage Rate But Can The VA Effectively Deliver?
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The Higher Costs of Deploying Broadband
When rural electric cooperatives began considering deploying broadband internet, thanks to a flush of billions of dollars in federal funding to close the digital divide, they had one goal in mind — ensuring their members had reliable access to high-speed internet. What they probably weren’t expecting, however, was the one-two […]
Semiconductor Manufacturers are Coming Back to the US. Finding Workers Is a Different Story.
Ashwin Chandwani was crestfallen when he lost the chance to work for Tesla. The electrical engineering student had reached the final stage of interviews when the electric car giant paused its hiring plans. “At the time I was heartbroken,” the 27-year-old said. Chandwani started contacting recruiters, worried that he might […]
Wages increased for restaurant and hotel staff post-pandemic
The cost of living has risen for leisure and hospitality workers while a hot labor market has spurred salary growth for low-paid workers – but this growth is starting to slow down. Marielle Fabie-Hussey, like many restaurant workers, left her job during the pandemic due to lost hours, burnout, and […]
Jobs Growth Continues to Defy Expectations
Jobs growth exceeded expectations last month, and unemployment fell to the lowest level in decades. But that surprise performance may mean higher interest rates as the Federal Reserve continues in its efforts to limit price rises. The economy added 253,000 jobs in April, beating both expert predictions and the figures […]
Five Things to Watch for in April’s Retail Sales Report
On Tuesday morning, the U.S Census Bureau will release the latest retail sales report, which chronicles the amount consumers spent on goods and services the previous month. Here are five things to watch for in April’s report: Following a January high, retail sales fell by a revised .5% in February […]
Five Things to Watch Out for in April’s CPI Report
The Bureau of Labor Statistics’ latest Consumer Price Index (CPI) report, one measure of inflation, will be released Wednesday morning. Economists’ averaged forecast for April’s headline CPI is expected to rise 0.41%, according to Bloomberg, while the headline CPI for the year ending in April is predicted to rise 4.99%. […]
