Liz Truss, the U.K. prime minister, announced her resignation today. The BBC checks in. Diane Swonk, who has stuck with us for much longer, discusses market activity. Then, in France, biogas plants are turning waste into energy.
A New Orleans appeals court panel takes issue with funding for the Consumer Financial Protection Bureau. We unpack the situation, starting with a reminder of what that bureau actually is. Also, we hear about the fun stuff people are doing now that they don’t have a time-consuming, soul-injuring commute to work every day. Then, we check beyond the numbers on the employment outlook for Latinos.
From the BBC World Service: After suffering a series of defeats on the battlefield, Moscow is now targeting electricity and water networks in Ukraine – President Zelensky says 30% of his country’s power stations have been destroyed so far. Citizens now face national energy restrictions for the first time since the invasion. Plus, Turkey’s unusual approach to interest rates at a time of soaring inflation. And, why the traditional South Korean dish of Kimchi is under threat.
Because of the size of inflation these days, the IRS has had to make bigger adjustments than usual – which could be helpful. We talk bank runs with Philip Dybvig, one of the winners of the Nobel Prize in Economic Sciences.
Tesla’s entries into tribal lands also means entry into a different legal sphere as well. A reporter from The Markup helps shed some light on inequitable pricing on broadband internet around the country. We talk Miami real estate with Amy Scott as the second season of “How We Survive” debuts.
From the BBC World Service: Hong Kong’s new leader John Lee says he wants to rebuild the economy and attract potential new employees from around the globe. The economy has been undermined by an ongoing political crackdown following the national security law introduced in 2020 and coronavirus restrictions. Plus, while many countries have severed ties with Russia, India is pinning its defense export hopes on a joint venture. And, how can South Africa make its energy system more robust after years of blackouts?
The act, instituted in 1972, turns 50 today. We measure its impact thus far. Stifel Financial’s Lindsey Piegza helps dish out some market perspective. Then, we dive more into the difficult job landscape that awaits people who’ve been incarcerated.
First, the U.S. plans to sell more oil to help dial back gas prices. Then, a Miami-based realtor opens up about his struggles finding employment after doing time in prison.
From the BBC World Service: Natural gas prices have spiked since the Kremlin limited supplies to European Union countries. The European Commission is outlining measures to try and control high energy prices. Plus, China delays publishing key economic data during the Communist Party Congress. And, why a city in Uganda has banned women from sitting in the front cabin of trucks.
For those who asked for a six-month extension on filing 2021 tax returns, today’s the deadline. Julia Coronado discusses market activity with us. It’s costing more and more to stay in a hotel these days.
