Author: James Martin

This week’s unexpected rise in US inflation is an opportunity to revisit an old debate, which is often a useful exercise. This current bout of inflation has its roots in mistaken assumptions made a decade ago.After the 2008-2009 recession, the recovery in the labor market was notoriously slow. This was commonly blamed on the demand side; monetary and fiscal policy could have done more, it was said, to stimulate recovery. A less popular view — but one that looks correct in retrospect — is that both the demand and supply sides were at fault. In particular, there were problems in the…

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But in some states, questions remain around funding the transition, staffing call centers and having response teams ready.The transition to 988 is “not optional,” according to the US Department of Health and Human Services’ Substance Abuse and Mental Health Services Administration.”Beginning July 16 of this year, all 988 calls will be routed to the national suicide hotline, so there isn’t a need for state legislation to make that critical step happen,” Jodi Manz, project director of behavioral health, aging and disability at the health policy group, wrote in an email Tuesday. “State legislation is more about how to fund and…

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The long march of religious liberty exemptions is gaining speed. The people who brought you contraceptive care exemptions and Covid rule and vaccine exemptions have now moved on to insurance for anti-HIV drugs. Last week, a federal district court held that a Christian employer is entitled to an exemption from the requirement that all insurance plans must cover pre-exposure prophylaxis (PreP) drugs that prevent the spread of HIV.Superficially, the court’s decision, under the Religious Freedom Restoration Act (RFRA), seems to resemble the exemption from the Affordable Care Act’s mandatory contraceptive coverage that the Supreme Court granted in the 2014 Hobby Lobby…

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Tuesday’s hotter-than-expected inflation report pours cold water on the possibility of lower interest rates from the Federal Reserve any time soon, and by extension, the prospect of lower mortgage rates. The standoff is set to continue between buyers balking at high home prices and  potential sellers clinging to their homes  that were financed at low mortgage rates. Would-be homebuyers who have decided to wait for mortgage rates to fall so they can afford to leap back into the market should realize that waiting isn’t going to help — they would just be swapping their too-expensive financing problem for a bidding-war pricing problem as…

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No 10 says businesses will get help with energy bills from October, even if payments have to be backdatedBusinesses will receive money to help them with increases to their fuel bills from October, Downing Street has announced. It made the commitment in response to today’s Financial Times story saying that business figures have been told the energy support scheme for companies may not be in operation until November. (See 10.06am.)In response to the initial FT story, the government just said it was working to get the business support scheme up and running as soon as possible.But today Downing Street said…

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The US transportation system is already starting to feel the effects of a potential rail strike, but any pain will be short-lived no matter how far apart the sides are at a Friday deadline because Congress will not allow supply chains to seize up again.Just after midnight Thursday, rail workers can go on strike or railroad management can lock them out. Any strike or lockout won’t last long, though. Under the Railway Labor Act, Congress can step in to either impose a resolution based on a Presidential Emergency Board plan that was submitted in August or order trains to operate as…

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The prevailing argument is that eating more calories earlier “shifts metabolism” in ways that favor greater weight loss, said Dr. David Katz, founder and former director of Yale University’s Yale-Griffin Prevention Research Center, via email. Yet eating a big breakfast instead of a larger meal later in the day did not impact weight loss, according to a new clinical trial that compared people eating most of their daily calories at breakfast with those eating the most at dinner.”With calories either morning-loaded or evening-loaded, the researchers found nearly identical weight loss,” said Katz, who was not involved in the study. In…

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Editor’s Note — This CNN Travel series is, or was, sponsored by the country it highlights. CNN retains full editorial control over subject matter, reporting and frequency of the articles and videos within the sponsorship, in compliance with our policy.(CNN) — Think “Maldives” and the first images that come to mind for many are rows of overwater luxury villas jutting out from long wooden docks, or gorgeous beaches edged by stunningly white sands. But in spite of the Maldives being one of the world’s most coveted places for a vacation, not to mention a dream destination for scuba divers, scientists…

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The sequel to The Legend of Zelda: Breath of the Wild finally has a name: Tears of the Kingdom. And it’s finally got a release date, too: May 12th, 2023. This was arguably the big reveal of Nintendo’s Direct live stream, alongside a Pikmin sequel. We got an all-too-brief teaser showcasing the verticality of the BoTW sequel, and what appears to be a Link that runs faster. Hopefully. We’re excited. We’ve got a lot more gaming news today, from both Nintendo and PlayStation. – Mat Smith The biggest stories you might have missed The company is setting it up as…

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What happens todayHello, I’m Léonie Chao-Fong and I’ll be bringing you the latest developments in the wake of the death of Queen Elizabeth II.Here is what to expect today:Today will see the first big ceremonial in London as the Queen’s coffin is borne on a gun carriage from Buckingham Palace to Westminster Hall for her lying in state.In a tribute to his late mother, the King will lead a procession behind the gun carriage to Westminster Hall. King Charles’s three siblings – Princess Anne, Prince Andrew, and Prince Edward – as well as his sons Prince William and Prince Harry…

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