President Joe Biden held his first presidential re-election campaign event on Saturday at the Philadelphia Convention Center, making strong appeals to his left-wing base.
Biden appeared alongside organized-labor activists and mentioned in the first few seconds of his oration that when he thinks of working Americans, he especially values the ones who associate with causes he finds politically congenial.
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Pennsylvania is missing young workers and the problem is one that won’t simply go away.
While the commonwealth isn’t the only state struggling with a shrinking youth population, state-to-state comparisons are difficult to make due to data issues. What’s clear is that Pennsylvania has had a significant drop in its labor force participation rate. Rather than a story of older workers retiring, the majority of missing workers are under 45 rather than over.
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Recent audits show that poor accounting practices can cause Pennsylvania townships to lose out on thousands of dollars, either in interest from a pension fund or from state aid.
A September audit of Dunkard Township in Greene County, for example, found that administrative mistakes caused an overpayment from state aid, among other issues, and required the township to repay nearly $5,000.
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More than a third of small businesses can’t pay rent, newly released data shows.
The small business network Alignable released new survey results that found that 35% of U.S. small business owners “could not pay their rent in full or on time in June.”
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At a recent hearing before the Senate Committee on Homeland Security, the CEO of Colonial Pipeline made an admission which illustrates quite well our negligence and improvidence. The company paid out nearly $5 million in blackmail money to an unknown hacker when the pipeline was shut down for several days. That, of course, was bad enough, and most of the man’s testimony had to do with the technicalities of which government agency was notified and when, and what the company’s computer experts did to remedy the situation.
But there was another piece of his testimony, one that you had to look hard to find in the news reports. He testified that most of the men who could operate the controls on the pipeline have died or retired, so that the 5,500-mile line must rely almost wholly upon computerized systems for its operation. That means, of course, that we are vulnerable to attacks by people who do not have to take a guard at gunpoint, or dig a big hole somewhere that no one will notice.
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The Consumer Price Index (CPI) increased 0.9% in November, bringing the key inflation indicator’s year-over-year increase to 6.8%, the highest figure in four decades.
The CPI’s increase is the largest increase in four decades, up from October’s 6.2% according to the U.S. Bureau of Labor Statistics (BLS) report released Friday morning. Experts surveyed by CNBC projected inflation would increase 0.7% in November, translating to a 6.7% gain on a year-over-year basis.
“These are frighteningly high inflation numbers, the likes of which we haven’t seen for decades,” Allen Sinai, chief global economist and strategist at Decision Economics, Inc., told The Wall Street Journal.
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