Latest from Jarrett Dang

• Aug 25, 2022

  China throws billions at ailing economy

  

  From the BBC World Service: Chinese officials are putting a total of $146 billion toward measures aimed at propping up an economy hit by severe drought, energy shortages and a strict zero-COVID strategy. Also, French President Macron is in Algeria for a trip aimed at repairing relations between the two nations. He will also likely focus on how the country can help Europe achieve energy security without Russia. And, the war in Ukraine hasn’t just disrupted daily life in that country. We hear how it’s wreaked havoc on the global food supply chain and those who work in it.

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• Aug 24, 2022

  Twitter whistleblower implications go beyond Musk

  

  The whistleblower complaint from a former Twitter security chief alleges that the social media platform doesn’t know exactly how many fake accounts there are. That sounds a lot like one of Elon Musk’s reasons for pulling out of a $44 billion deal to buy the company. But Erik Gordon, a professor at the University of Michigan’s Ross School of Business, says that’s just the start of the potential legal trouble Twitter could face now. Plus, housing sales might be down, but prices aren’t there yet. What does that mean for the fight against inflation? We ask Susan Schmidt, head of U.S. equities at Exchange Capital Resources. Also, how extreme weather caused by climate change is yet another force contributing to inflation, especially in commodities like cotton. And, an update on fundraising money for aid in Ukraine.

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• Aug 24, 2022

  The history of Jackson Hole

  

  Every August, Jackson Hole, Wyoming, becomes the center of the financial world for a few days as central bankers, academics and economists from around the world gather for a symposium. But how did this get to be such a big deal? A teachable moment and a history lesson for you today. Plus, the latest on reports that the Biden administration will make an announcement on federal student loan forgiveness. And, a plan in Washington, D.C., to help first-time homebuyers with low-interest loans at a time when inflation is making down payments more difficult.

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• Aug 24, 2022

  Finding new ways to fundraise for Ukraine

  

  From the BBC World Service: The U.S., which has already sent $10 billion to Ukraine, is expected to announce another $3 billion package, the largest so far. Charities of all shapes and sizes have been doing what they can on the ground, but recently giving has slowed. We caught up again with Ukrainian chef and cookbook author Olia Hercules in her London home to hear about her latest fundraising efforts. And, South Africans are taking to the streets to protest against soaring food and fuel prices, and ongoing power cuts.

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• Aug 23, 2022

  What’s the prescription for potential recession-related anxiety?

  

  One therapist and executive coach says that recession fears are prevalent, but there are ways to mitigate the anxiety.

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• Aug 23, 2022

  Markets want to believe we’ve hit peak inflation. The Fed might not be so sure.

  

  Markets saw their worst day yesterday since June with traders worried about potentially more interest rate increases to come from the Federal Reserve. We’ll get a better idea of where the Fed is at when Chair Jerome Powell speaks Friday at the Jackson Hole Economic Symposium. Today, we spoke with Stifel chief economist Lindsey Piegza about what might be next in the Fed’s fight against inflation. Plus, the average minimum salary someone is willing to accept for a new job has risen since last year. We get the latest snapshot of the labor market. And, the demand for help from local abortion funds has risen as some states move to restrict or ban abortion.

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• Aug 23, 2022

  Feeling anxious about a potential recession? You’re not alone.

  

  There’s fresh data out on when and if the U.S. economy will see a recession — 72% of economists surveyed by the National Association of Business Economics believe we’ll be in a recession a little less than a year. But all this recession talk weighs on Americans and their mental health. We talked to one therapist and executive coach about why we may be feeling more anxious about the economy this time around. Plus, Ford announced yesterday that it would lay off 3,000 workers to cut costs as the automaker moves more toward electric vehicles. And, we hear about the economics of offshore wind farms in Scotland.

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• Aug 23, 2022

  Key European fertilizer maker suspends more production over high natural gas prices

  

  From the BBC World Service: Poland’s Grupa Azoty is one of Europe’s biggest fertilizer and chemical producers. It’s now suspended fertilizer production and cut back further on manufacturing of other chemicals due to the high natural gas prices. Plus, Scotland’s largest offshore wind farm is now generating electricity and will eventually generate enough power for 1 million homes. And, Japan’s supermarket on wheels is offering a lifeline to older consumers.

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• Aug 22, 2022

  Farmers of color were promised relief money. Where is it?

  

  A federal relief program for farmers of color is facing changes with the passage of the Inflation Reduction Act. We delve into how the legislation strips out language referencing race, and what that means for farmers who have been waiting for the money. We talked to Julia Coronado, founder and president of MacroPolicy Perspectives, on the latest in the global economy and the buzz ahead of the Jackson Hole Economic Symposium hosted by the Federal Reserve. Also, we hear from Japan about the country’s struggle to combat work days that are so long they might be illegal.

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• Aug 22, 2022

  Local news, brought to you by your friendly neighborhood oil company

  

  The oil giant Chevron recently launched a news website geared toward the population of the Permian Basin in Texas, complete with local stories about puppies laid side by side with stories about the company. We talk to Molly Taft, who writes for Gizmodo, about what this site says about journalism in the digital age. Plus, there’s a new report out today from the Joint Economic Committee in Congress that delves into which people are most susceptible to being “unbanked” and “underbanked,” and what kinds of problems that causes. And, Cineworld, the owner of the Regal chain of movie theaters in the U.S., has filed for bankruptcy protection.

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