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Month: December 2021

Energy & EnvironmentPosted on31.12.2021

Wildfires burn hundreds of homes in Colorado, thousands flee

“This is the kind of fire we can’t fight head-on,” Pelle said. “We actually had deputy sheriffs and firefighters in areas that had to pull…

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EconomyPosted on30.12.2021

U.S. unemployment claims drop to 198,000

Altogether, 1.7 million Americans were collecting traditional unemployment aid the week that ended Dec. 18. That was the lowest since March 2020, just as the…

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EconomyPosted on26.12.2021

Despite supply issues and Omicron, holiday sales rise 8.5%

Holiday sales were up 10.7% compared with the pre-pandemic 2019 holiday period. By category, clothing rose 47%, jewelry 32%, electronics 16%. Online sales were up…

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Energy & EnvironmentPosted on25.12.2021

Puerto Rico’s shattered power grid could become a ‘big experiment’ for Biden

‘The grid is in need of complete replacement’ PREPA, which regularly put off grid maintenance because of financial shortfalls, will have a major voice in…

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Energy & EnvironmentPosted on23.12.2021

A flood of climate aid is coming from Washington. Will those who need it miss out?

“There’s a new era, a new commitment, and we have people who absolutely are going to be at the front of the line in terms…

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Energy & EnvironmentPosted on21.12.2021

Democrats not yet ready to trim climate ambitions despite Manchin blow

“We have no choice but to forge a path forward. The planet is warming and we are already experiencing violently weird weather all the time,”…

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EconomyPosted on16.12.2021

Health spending growth more than doubled in first year of pandemic

“The substantial growth in health care spending was … driven by the unprecedented government response to the global pandemic,” Micah Hartman, a statistician in the…

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EconomyPosted on15.12.2021

Fed clears path for multiple rate hikes during election year as prices surge

Now, the Fed plans to cease its bond buys entirely by March, rather than its earlier target of June to give itself room to begin…

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Energy & EnvironmentPosted on11.12.2021

Beshear, Biden pledge relief as storm system inflicts catastrophic toll

In Kentucky alone, 22 were confirmed dead by Saturday afternoon. But Beshear said upwards of 70 may have been killed when a twister touched down…

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EconomyPosted on10.12.2021

Inflation accelerates at lightning pace in new setback for Biden

The data “will only reinforce the conclusion that price pressures are more persistent than previously expected,” Rubeela Farooqi, chief U.S. economist at High Frequency Economics,…

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