A survey released Monday found that business experts expect prices and inflation to rise at elevated levels for years to come.
The National Association for Business Economics released the results of a survey of 48 economic experts who downgraded their growth predictions and projected elevated inflation through the second half of 2023, if not later.
“NABE Outlook survey panelists have ramped up their expectations for inflation significantly since September,” said NABE Vice President Julia Coronado, founder and president, MacroPolicy Perspectives LLC. “The core consumer price index, which excludes food and energy costs, is now expected to rise 6.0% from the fourth quarter of 2020 to the fourth quarter of 2021, compared to the September forecast of a 5.1% increase over the same period.”
The U..S. economy recorded an increase of 531,000 jobs in October, and unemployment fell by 0.2% as the labor market recovers from the summer lows, according to the U.S. Bureau of Labor Statistics (BLS).
The number of unemployed people fell to 7.4 million, down from 7.7 million in September, according to the BLS report released Friday. Economists surveyed by Dow Jones projected 450,000 jobs would be added in October.
While unemployment claims continue to fall, the country still struggles with labor shortages, supply chain issues and growing inflation. Job growth was widespread throughout the economy in October, with leisure and hospitality adding 164,000 jobs, professional and business adding 100,000 and manufacturing adding 60,000 jobs, according to the BLS report.
Major tech companies are continuing to require their employees to be vaccinated at their Texas facilities, in violation of Gov. Greg Abbott’s executive order banning all vaccine mandates.
Abbott signed an executive order on Oct. 11 prohibiting “any entity,” including private businesses, government contractors and local schools, from imposing a requirement that employees be vaccinated as a condition of employment. However, Google, Facebook, HPE, Twitter and Lyft have yet to lift their vaccine mandates in response to the order, Protocol first reported.
HPE spokesman Adam Bauer confirmed the company had not changed its vaccine policy, and told the Daily Caller News Foundation that the company was making “vaccination a condition of employment for U.S. team members to comply with President Biden’s executive order and remain in good standing as a federal contractor.”
A bipartisan bill aims to revive a killed business subsidy incentive that they say will spur new job creation in Michigan.
State Reps. Mark Tisdel, R-Rochester Hills and Angela Witwer, D-Delta Township, introduced House Bills (HB) 5425 and 5426 that aim to form the Michigan Employment Opportunity Program (MEOP) to provide incentives for business developments similar to the Good Jobs for Michigan (GJFM) program, which expired in 2019.
“The Michigan Employment Opportunity Program will form a public-private partnership to bring good jobs to our state,” Tisdel said in a statement. “Government can make it easier for businesses to invest in our communities and support more Michigan workers, bringing economic growth – and the revenue that comes with it.”
Timothy Keiderling’s decision to enroll in the Princeton Theological Seminary reflected his commitment “to give my life to work for justice and to live out the values of the Kingdom of God.” In a letter to the seminary’s president, Craig Barnes, he wrote that he “would sacrifice anything to make sure that my brothers and sisters see relief from their oppression.”
But the seminary’s concept of justice clashed with Keiderling’s conscience when PTS required him to attend “anti-racism” training sessions that he considered a form of indoctrination. He refused to participate in the sessions even after being reminded that they were mandatory. And then – early this year, with the potent support of the newly founded Academic Freedom Alliance (AFA) – he convinced the seminary to exempt him from the training.
It was “a real victory which can advance the academic freedom cause substantially,” says Princeton Professor Robert George, a leader of the AFA who acted as an adviser to Keiderling, and whom the latter credits with making his victory possible. “Instead of a victim, we have a victor — one who stuck to his guns and persuaded his institution not only to respect his right of conscience, but to acknowledge the difference between education and indoctrination.”
After a lengthy court battle, the government of the state of California backed down in its efforts to enforce coronavirus restrictions on a church that continued hosting in-person worship services, and has now agreed in a settlement to pay the church’s $2 million worth of legal fees, Breitbart reports.
When the state repeatedly attempted to enforce strict capacity limits, mask mandates, and other “social distancing” requirements on the San Diego-based Pentecostal church, the church’s lawyers filed suit with the United States Supreme Court, winning all three suits. This ultimately led to lawyers on behalf of the state of California agreeing to the settlement, which was approved by a federal judge.
Responding to the settlement, an attorney with the Thomas More Society, a legal group that represents churches facing suppression of their First Amendment rights, pointed out that while businesses such as Costco were limited to 50 percent capacity, while churches were forced to stay as low as 25 percent, and sometimes even lower.
As officials in many areas impose new pandemic lockdowns and restrictions going into the holiday season, things can seem bleak. Depression rates are up, people are fleeing cities in droves, elected leaders regularly violate their own orders, and fraud is rampant in the government’s COVID-19 stimulus programs.
As Election Day draws near, Democrat business owners and politicians are increasingly flexing their muscles to push their politics into peoples’ faces and punish those who have opposing views. There have been multiple reports in the past year about Trump supporters being fired for expressing their support for the president.
In the past couple of weeks, two more Trump supporters have been fired and a CEO of a major software company has sent a mass email to millions of customers telling them to vote for Joe Biden.
Gov. Gretchen Whitmer signed a packages of bipartisan bills into law Thursday. In part, the bills aim to protect Michigan workers from COVID-19 and surprise medical billing for any treatment, as well as protect businesses from COVID-19 related lawsuits.
“No Michigander should have to worry about going into work when they’re sick, especially during a global pandemic,” Whitmer said in a statement.
Michigan state employees will visit businesses one-on-one to help them reopen safely under a swath of COVID-19 safety guidelines.
The program, launched by the Department of Labor and Economic and the Michigan Occupational Safety and Health Administration (MIOSHA), features ambassadors that will visit businesses to help them navigate through safety guidelines and regulations. Unlike their MIOSHA counterparts, these ambassadors will not issue penalties or citations.
Six Michigan businesses were fined more than $33,000 after they failed to follow safety protocol designed to prevent the spread of COVID-19, the state announced on Friday.
The businesses were fined under “general duty” citations through the Michigan Occupational Safety and Health Administration (MIOSHA), rather than through any of Gov. Gretchen Whitmer’s executive orders. The “general duty” clause requires employers to provide a workplace free from recognized harms and carries a fine of up to $7,000.