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Mentorship, education are seen as ways to tackle accountant shortage

by Elizabeth Trovall
Apr 12, 2024
​The industry is trying to reverse the decline in college students studying accounting with incentives like scholarships and mentoring.
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Corporate debt defaults rose steeply in 2023

by Kimberly Adams
Apr 12, 2024
S&P Global Ratings found there's also a rise in companies that default multiple times.
Defaults were up 80% last year, the fastest rise since 2008. Over one-third of the defaults in 2023 and so far in 2024 come from companies that previously defaulted, said Nicole Serino with S&P Global.
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I've Always Wondered ...

Why do airlines still use dot matrix printers?

by Janet Nguyen
Apr 12, 2024
“I'm so tired of those damn things,” one airline crew member told us.
The dot matrix printer cannot be defeated, at least in some respects.
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The cost of imports from Asia and North America are moving in opposite directions

by Justin Ho
Apr 12, 2024
The things we buy from China and Japan became cheaper in March, while prices rose on automotive goods and energy from Mexico and Canada.
Each category of goods that the U.S. buys from Mexico, Canada, China and Japan has its own price trend, as does each country's currency.
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"Make Me Smart” Newsletter

What you need to know about Biden's student loan forgiveness plan B

by Tony Wagner and Kimberly Adams
Apr 12, 2024
Plus, we do the numbers on how people watch TV in this week's Make Me Smart newsletter.
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Washington, D.C., is a test case for phasing out the tipped minimum wage

by Sabri Ben-Achour
Apr 12, 2024
“Now, it is leaner crews,” says one restaurant server, but a more stable income. Other states are watching how it plays out in the capital.
Shortly after the phaseout of the tip credit started in Washington, D.C., last year, employment at sit-down restaurants started to fall sharply, according to state-level data from the Bureau of Labor Statistics.
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Race and Economy

The consistent unemployment gap between Black and white workers

by David Brancaccio and Erika Soderstrom
Apr 12, 2024
Unpacking the persistent 2-to-1 unemployment gap between Black and white workers.
"That disparity between Black and white workers is something that remains really a defining feature, unfortunately, of the U.S labor market," said Valerie Wilson of the Economic Policy Institute’s Program on Race, Ethnicity and the Economy.
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Summer EBT will help families buy groceries. But 14 states are opting out.

by Savannah Maher
Apr 12, 2024
Administrative costs and a lack of political will are leading some states to turn down a new food aid program for children.
While $40 per child per month may not solve child food insecurity, it could help families that struggle with grocery costs.
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Workers used to earn about two-thirds of the income their labor generates. Now, it's just over half.

by Nancy Marshall-Genzer
Apr 12, 2024
The stat, called labor share of national income, is being squeezed by globalization, declining union membership and automation.
Even though workers' slice of the pie is shrinking, the U.S. economy is growing, so they're getting a smaller slice of a bigger pie.
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The higher price of oil is helping tank the price of natural gas

by Elizabeth Trovall
Apr 11, 2024
Stay with us here — think about chicken parts. Higher demand for white breast meat means an excess of chicken legs.
Crude oil is easier to get out of the isolated Permian Basin than natural gas, which needs pipelines to reach customers, says Ed Hirs with the University of Houston.
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