Congress can finally get down to business, now that House Republicans elected Kevin McCarthy Speaker of the House after six days of chaotic voting. But McCarthy may have given up so much power to secure a handful of votes from far-right Republicans that the House remains dysfunctional for the next two years. For the time being, that doesn’t matter for the economy. A solid jobs report for December shows no sign of the recession some economists are predicting for 2023. Employers added 223,000… Source link
Read More »Google Wallet lets you add digital IDs in beta, if you’re lucky
Only available for those in Maryland right now In the modern smartphone market, convenience is the name of the game. Our handheld devices now allow contactless payments, switchable reverse wireless charging, and wireless file transfers over NFC. iPhones go a step further, allowing you to add a digital copy of government-issued ID cards to your phone, but Google is catching up with its own implementation that is currently in beta, and this beta gives us a good… Source link
Read More »U.S. ‘would be lucky’ to get a mild recession, Ken Rogoff warns
Investors should pray for a mild recession from the Fed’s aggressive interest rate hikes, according to Harvard University professor of economics and author Ken Rogoff, because it could get much worse. “The dollar is very strong, and interest rates are rising very fast,” Rogoff said on Yahoo Finance Live (video above). “So I think the idea that it’s going to be a really mild recession, if that, would be lucky. I’d say it’s going to be a tough trade-off for the Fed once the numbers start… Source link
Read More »Cuomo is lucky he’s not a CEO
Outgoing New York Gov. Andrew Cuomo seems to feel like he was railroaded out of his job. During an August 10 news conference where he announced his plan to resign in two weeks, Cuomo acknowledged behaving boorishly but insisted he didn’t sexually harass any of the 11 women who have accused him of that. “I never crossed the line with anyone,” Cuomo said, “but I didn’t realize the extent to which the line has been redrawn.” Given that he’s finally resigning, maybe it doesn’t… Source link
Read More »Leafs lucky Jason Spezza cleared waivers
The Canadian Press Maple Leafs ride dominant second period to down Jets TORONTO — Sheldon Keefe’s first training camp as head coach of the Toronto Maple Leafs lasted just 10 days and included exactly zero exhibition games. Asked to explain by far his team’s best stretch of the abbreviated 2020-21 season, the answer was a simple. More. “More time together, more games, more meetings, more discussions,” Keefe said. “We’ve definitely seen progress in a lot of areas.” Some of those were certainly… Source link
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