Inflation is providing cover for price fixing: economists
Economists and lawmakers are warning that high inflation is providing companies with an excuse to telegraph price increases during earnings calls, reducing market competition and compounding the pain for consumers. “They’re profiteering, and they are using this moment and their monopoly power in many industries to raise prices on consumers,” Rep. Pramila Jayapal (D-Wash.) said in an interview, ahead of dozens of companies reporting second-quarter earnings this week. The Department of Labor reported last week that consumer inflation is now at 9.1 percent annua
Read MoreHow states could play a key role in climate fight with Congress stalled
State governments could play a major role in cutting the nation’s planet-warming emissions, especially with Congress unable to unify on any major actions, according to public policy experts still stinging from Sen. Joe Manchin’s (D-W.Va.) decision last week to back away from action. While Manchin’s decision was a serious setback that likely dooms any action on climate by Congress, it doesn’t mean meaningful cuts to emissions can’t be made. It’s just that they’ll have to come from state, county and city governments. Sam Ricketts, a senior fe
Read MoreNoose found near CIA facility in Virginia: report
An object thought to be a noose has been found outside a secret facility in Virginia used by the C.I.A., according to The New York Times. Those familiar with the situation said that C.I.A. director William J. Burns shared news of the finding internally last week. The location involved in the incident is reportedly a small facility in a building that has several businesses. It remains unclear if the object was crafted to be a noose, or if it was intentionally targeting the C.I.A. location,
Read MoreTrump responds to Pulitzer rejection of demand to revoke reporting awards
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Read MoreRussia tells its forces to target Western-provided weapons
Russian leadership told its forces this week to target weapons provided by Western countries in its assault on Ukraine, according to the Russian Defense Ministry. “Army General Sergei Shoigu, noting the strengthening of the group's strike capabilities, instructed the commander to prioritize the destruction of enemy long-range missiles and artillery with high-precision weapons,” the ministry said, according to Interfax Ukraine. Shoigu gave the new instructions to Russia’s Vostok battalion, which is currently fighting in t
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