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The Achilles’ Heel of Biden’s Climate Plan? Coal Miners.

All of that has raised the stakes for courting coal miners.“Our guiding principle is the belief that we don’t have to choose between good jobs and a clean environment,” said […]




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As Omicron Threat Looms, Inflation Limits Fed’s Room to Maneuver

The Omicron variant of the coronavirus comes at a challenging moment for the Federal Reserve, as officials try to pivot from containing the pandemic’s economic fallout toward addressing worryingly persistent […]




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Pandemic-Era ‘Excess Savings’ Are Dwindling for Many

In a commentary published on a Federal Reserve Bank of New York blog in April, four economists argued that “although large by historical standards, the savings accumulated by U.S. households […]




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The Markets Are Confused, but Wall Street Is Still Making Predictions

Marcelo Carvalho, the head of global emerging markets research, went further. “The numbers are meaningless in a sense,” he said, and continued, with an engaging smile: “Whenever I make a […]




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How Omicron Could Knock Economic Recovery Off Track

LONDON — This week, Marisha Wallace finally had to admit that her planned five-day ski holiday in Switzerland in mid-December was not salvageable: The Swiss government’s sudden decision to impose […]




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A Top Official Says the Fed Will ‘Grapple’ With a Faster Bond-Buying Taper

John C. Williams, president of the Federal Reserve Bank of New York, said the latest variant of the coronavirus could prolong the bottlenecks and shortages that have caused inflation to […]




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With Omicron, Stock Analysts Expecting More Uncertainty

On Wall Street, the end of the pandemic appeared tantalizingly close just a week ago. There were positive signs the economy was rebounding, and investors’ biggest worry was how quickly […]




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Supply-Chain Kinks Force Small Manufacturers to Scramble

For example, when companies moved production from the United States to China in the past, they paid for the shift with the savings gained in going from a high-cost area […]




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Supply Chain Shortages Help a North Carolina Furniture Town

HICKORY, N.C. — Six months into the coronavirus pandemic, as millions of workers lost their jobs and companies fretted about their economic future, something unexpected happened at Hancock & Moore, […]




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Inflation and Retirement: How to Protect Your Savings

“We did not invest all of Mom’s money in this product,” Ms. Cheng said. “We only invested a portion of her I.R.A. and her inherited I.R.A. We did this to […]