The recent technology boom and lower living costs than cities like New York, Chicago, and Los Angeles has been a high paying jobs boom to both Phoenix and Tucson over the last several years. In a study conducted by the real estate company Stressa (and reported by KTAR,) Phoenix and Tucson, from 2015 to 2020, … Read more
The U.S. inflation rate hit its highest point in nearly four decades, reaching 6.8% in November, because people who are saving money are essentially financing others who are buying expensive houses and cars. Stoked by the Federal Reserve’s “quantitative easing” policy plus super-low mortgage rates, inflation has returned as one of the most vexing problems … Read more
Dana Milbank of the Washington Post recently wrote, This is the worst economy we never had (a touch of sarcasm): For months, the GOP-Fox News axis [of evil] forecast the bluest of Christmases. House Republican leader “Traitor” Kevin McCarthy joined 159 House Republicans in a letter to President Biden saying his policies “will certainly ensure … Read more
Arizona’s minimum wage is set to increase from $12.15 an hour to $12.80 an hour on Jan. 1 under a citizens initiative approved by the state’s voters in 2016. Arizona Minimum Wage Going up to $12.80 an Hour on Jan. 1. The measure was opposed by Republican Gov. Doug Ducey, Republicans in the Arizona Legislature, … Read more
If Congress is so concerned about inflation, why have we heard nothing from Congress about companies engaging in illegal price fixing, price gouging and profiteering from pandemic supply-chain disruptions? Why have we heard nothing about corporate monopoly power which makes this possible? More importantly, why has the corporate media not been reporting about this? (The … Read more