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Jarrett Dang

Latest from Jarrett Dang

  • Inflation moderates again — a bit
    Spencer Platt/Getty Images

    Today’s inflation report showed a slight tapering in rising prices — it was 6.4% compared to 6.5% in December. That’s a marginal improvement, but it’s still much too high for comfort for the Federal Reserve and market watchers who may have been expecting a sharper decrease. The Fed’s Vice Chair, Lael Brainard, has been tapped by President Biden to lead the U.S. Council of Economic Advisers. Some states are moving to expand Medicaid to food-related health services, which would represent a shift from previous programs. And, why colleges may soon begin implementing more programs designed for midcareer professionals. 

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  • Romance scammers are loading up their Cupid’s arrows
    Issouf Sanogo/AFP via Getty Images

    This Valentine’s Day, lots of people are going to be out in search of love — in the case of online romance scammers, they’ll be looking for a big payday. We talked with Dina Temple-Raston, host of the cyber-focused podcast “Click Here” about the proliferation of online romance scams and what her conversation with a former scammer revealed. Ford announced it will be cutting its workforce in Europe by more than a tenth, which the company said will allow it to invest more into electric vehicle manufacturing in the U.S. And, online scammers are exploiting the earthquake in Turkey and Syria by creating fake donations accounts. 

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  • Ford slashes its workforce in Europe
    Georges Gobet/AFP via Getty Images

    From the BBC World Service: Ford is cutting jobs to get over its next big hurdle: transitioning to electric vehicles. 3,800 jobs are going at the car maker, as part of a major restructuring programme in Europe. We find out why. Plus it’s all change at the Bank of Japan, as Kazuo Ueda is nominated to be its new head. And, we talk to an old-fashioned Irish matchmaker on Valentine’s Day.

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  • Senators, President Biden take aim at corporate “junk fees”
    Samuel Corum/Getty Images

    As the new Congress gets underway, one priority for a bipartisan group of senators led by Massachusetts’ Ed Markey is getting rid of corporate “junk fees,” starting with ones airlines charge parents to sit with their young children. It’s a sentiment that’s been echoed by President Biden, who focused on extraneous fees in his recent State of the Union address. Recent economic data has been positively upbeat, but economist Julia Coronado warns that some of the good news could be overstated because of seasonal trends. And, a look inside the world of regenerative agriculture, a greener alternative to traditional farming. 

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  • How permanent is remote work really going to be?
    Peter Macdiarmid/Getty Images

    The remote working trend that started during the pandemic may be tapering off as employers require employees to come back in the office, but it’s likely to stick around in some form. According to Chris Farrell, that’s because employers that offer remote work will now be able to distinguish themselves in the labor market. The U.S. government is imposing economic restrictions on the Chinese firms that manufacture balloons from U.S. technology. And, consumers in the coming year may be a bit more inclined to shop cautiously as the economy slows and pocketbooks tighten.

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  • All out! Strikes continue across Europe
    Christophe Archambault/AFP via Getty Images

    From the BBC World Service: There’s been no rest for industrial unrest in Europe as another week of strikes kick off across the continent. We hear from France, Portugal and Spain. Plus, the authorities in Turkey make arrests over suspected building violations in the wake of the deadly earthquake. And, many economies depend on remittances – money sent home from workers or families overseas – but tighter budgets around the world mean less money is being sent to Pakistan at a time when it’s struggling with a foreign currency crisis.

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  • Could poultry farmers come to the rescue for egg suppliers?
    miheco/Flickr

    Egg prices are still up in supermarkets across the board, but there could be relief on the horizon for egg suppliers in the form of eggs from poultry farmers — if regulators give the go-ahead. People have fled en masse from their homes in disaster-affected Turkey to different parts of the country, reports Victoria Craig. Russia announced its production of oil substantially, leading to higher market prices for energy. And, advertisers for Sunday’s Super Bowl showdown are having to navigate their messaging around Americans’ unease about the state of the economy. 

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  • Super Bowl LVII signage in Phoenix, Arizona. This year's commercials will likely make little to light reference to stressful economic conditions face by many Americans, says Ad Age editor Jeanine Poggi.
    Christian Petersen/Getty Images

    Expect brands to team up for ads, and a special surprise from Blockbuster.

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  • This year, Super Bowl commercials will feature more brand collabs
    Kyle Rivas/Getty Images

    This Super Bowl weekend, millions of eyes will be trained on TVs around the world to watch the big game — and the multi-million-dollar advertisements that come with it. We check in with Jeanine Poggi, editor of the publication Ad Age, to see what brands have up their sleeves this year. The NFL, meanwhile, is facing a lawsuit from a group of former players over the league’s handling of disability claims. And, a look at why video game prices are starting to deviate from the normal $60 for a new release. 

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  • Turkey and Syria plead for more aid
    ILYAS AKENGIN/AFP via Getty Images

    From the BBC World Service: The UN Secretary-General, Antonio Guterres, is appealing to the world to send emergency supplies and cash to earthquake victims in Turkey and Syria. Pakistan’s talks with IMF officials have ended with no deal agreed. Plus, the chaos in Nigeria continues as the deadline to replace old bank notes with new ones is extended.

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Jarrett Dang