Seventy-one percent of employees are poorer under the weight of President Joe Biden’s inflation, up from 58 percent in February, a Bank of America-sponsored survey shows. The poll, revealed by CNN on Tuesday, sampled individuals in July who have 401(k) plans. Half of those sampled said they had taken measures to “cope” with Biden’s soaring prices in the last six months. Sixty-two percent said they are “stressed” about their personal finances despite being employees. From year to date, consumer prices soared 8.3 percent in August, the Bureau of Labor Statistics revealed in September. In June, inflation reached a 40-year-high at 9.1 percent, just above August’s numbers. The price of food at home jumped 0.7 percent compared with the previous month. Over the past 12 months, grocery prices have gone up 13.5 percent. Biden’s inflation, fueled by massive spending and arbitrarily placed constraints on the economy during the pandemic, is not just impacting low-income families. The … [Read more...] about Poll: 71% Are Poorer Under Joe Biden’s Inflation, Up From February’s 58%
Why economy is important for business
Americans went on a home buying spree in August while mortgage rates temporarily dipped, data from the Commerce Department indicated Tuesday. New homes sales jumped 28.8 percent to a seasonally-adjusted annual rate of 685,000 in August, the Commerce Department said . The increase would have been even larger if not for the upward revision of the July figure from 511,000 to 532,000. That is the third largest percentage increase in records going back to 1963. In June of 2020, home prices jumped 30.6 percent. In April of 1963, they were up 31.2 percent. In July, new home sales fell 8.6 percent. That is a smaller decline than the 12.6 percent reported before revisions. Compared with a year ago, new home sales are down 0.1 percent. Analysts polled by Econoday had forecast new home sales to come in at 498,000 in August. The median sales price of new homes sold in August was $436,800, down 6.3 percent from the record $466,300 in July Mortgage rates dipped in July and … [Read more...] about Sales of New Homes Explode Higher in August Panic Buying Spree
In context: Databases are in something of a Golden Age right now. There is an immense amount of development taking place in and around the way we store and access data. The world is obsessed with "data," and while we would not call it the "new oil," our ability to manipulate and analyze data continues to advance in important ways. But at their heart, databases are fairly straightforward things – repositories of data. All this innovation we are seeing centers on new ways to access that data (a.k.a. the "cloud") and the speed with which we can convert massive amounts of data into something useful. Not to diminish the very real innovation taking place here, but like the rest of technology it is driven by trade-offs -- speed in one area slows another, optimize for readability and writing slows down. Editor's Note: Jonathan Goldberg is the founder of D2D Advisory, a multi-functional consulting firm. Jonathan has developed growth strategies and alliances for companies in the mobile, … [Read more...] about Meet the… SQL Processing Unit?
Audio player loading… Your casual workplace or life acquiantances might be having more of an effect on your career than you might expect, new research has claimed. LinkedIn has published (opens in new tab) the results of a five-year project involving data from 20 million of its users, analyzing two billion connections between members and the effect they had on 600,000 new jobs on the platform. Somewhat surprisingly, it found weak ties were found to increase job mobility in digital industries, while strong ties had the largest effects in less digital industries. Forming connections with people less known to the individual was also found to increase job mobility, though the effects were observed to diminish after a certain point. LinkedIn People You May Know The connections were split into two distinct categories: weak ties (merely acquaintances and friends of friends) and strong ties (close friends, family, and colleagues). In order to understand the … [Read more...] about LinkedIn says your friends might not actually be helping you get a great new job
Google and Apple have removed hundreds of apps from their app stores at the request of governments around the world, creating regional disparities in access to mobile apps at a time when many economies are becoming increasingly dependent on them . The mobile phone giants have removed over 200 Chinese apps , including widely downloaded apps like TikTok, at the Indian government’s request in recent years. Similarly, the companies removed LinkedIn, an essential app for professional networking, from Russian app stores at the Russian government’s request . However, access to apps is just one concern. Developers also regionalize apps , meaning they produce different versions for different countries. This raises the question of whether these apps differ in their security and privacy capabilities based on region. In a perfect world, access to apps and app security and privacy capabilities would be consistent everywhere. Popular mobile apps should be available without increasing … [Read more...] about Apps can pose bigger security, privacy threat based on where you download them
One of the most common doomsday scenarios is an asteroid crashing into Earth. That’s what (probably) killed the dinosaurs, after all. We’re not in immediate danger of getting killed by an asteroid, but NASA still tried knocking out a random passing space rock — and it was successful in doing so. NASA’s Double Asteroid Redirection Test, or DART for short, reached its most exciting stage yesterday. The test had the aim of intercepting an asteroid called Dimorphos . The spacecraft launched by NASA was quickly zipping at 14,000 mph, until it finally struck, and redirected, the asteroid on September 26th at 7:14 PM ET. IMPACT SUCCESS! Watch from #DARTMIssion ’s DRACO Camera, as the vending machine-sized spacecraft successfully collides with asteroid Dimorphos, which is the size of a football stadium and poses no threat to Earth. pic.twitter.com/7bXipPkjWD — NASA (@NASA) September 26, 2022 The asteroid itself wasn’t threatening Earth at all. It was actually a small … [Read more...] about Here’s Why NASA Just Crashed a Spacecraft Into an Asteroid
A battle is shaping up in Europe between Google and the major telecom companies of that continent, as the European Commission weighs the question of forcing Big Tech to fund the companies’ network costs. European telecom giants including Orange, Deutsche Telekom, and Telefonica, allege that Google is “free riding” on their networks and ought to pay their fair share, but Google is pushing back. Matt Brittin, president of EMEA business & operations at Google, said the idea was outdated, would raise costs for consumers, and added that Google already invests millions in internet infrastructure. Via Reuters : “Introducing a ‘sender pays’ principle is not a new idea, and would upend many of the principles of the open internet,” he said according to the text of a speech to be delivered at a conference organised by telecoms lobbying group ETNO. It “could have a negative impact on consumers, especially at a time of price increases,” Brittin said, citing a report by … [Read more...] about Google Clashes with European Telecom Companies over Proposed Fees