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The Weekly Scan May 16, 2022

The Weekly Scan May 16, 2022

Welcome to the Weekly Scan. Here’s what we’re following for the week of May 16, 2022. The debt digest. Household debt in the U.S. totaled a record $15.84 trillion in the first quarter of 2022,, according to a household debt report released by the Federal Reserve Bank of New York. Although it was the smallest […]

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The Weekly Scan March 7, 2022

The Weekly Scan March 7, 2022

Welcome to the Weekly Scan. Here’s what we’re following for the week of March 7, 2022. SOTU economics. President Biden’s annual State of the Union speech last week focused on key issues facing the U.S. and the world, including:  The war in Ukraine. Biden emphasized the importance of democracy against autocracy, while also emphasizing that

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The Weekly Scan February 28, 2022

The Weekly Scan February 28, 2022

Welcome to the Weekly Scan. Here’s what we’re following for the week of February 28, 2022. War in Ukraine. Markets tumbled late last week as Russia invaded Ukraine, and Western and Asian nations enacted economic sanctions against Russia for its unprovoked attack. The sanctions include blocking technology exports, freezing financial assets, and preventing large state-owned

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The Weekly Scan February 21, 2022

The Weekly Scan February 21, 2022

Welcome to the Weekly Scan. Here’s what we’re following for the week of February 21, 2022. Remington’s settlement. Nine families of the people killed during the 2012 shooting at Sandy Hook Elementary School reached a $73 million settlement with Remington Arms Co., manufacturer of the gun used to kill 20 students and six staff members.

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The Weekly Scan February 7, 2022

The Weekly Scan February 7, 2022

Welcome to the Weekly Scan. Here’s what we’re following for the week of February 7, 2022. Dirty thirty. The nation’s total debt reached a record $30 trillion in February. Increased federal spending to combat the economic fallout of the Covid-19 pandemic is thought to have contributed to reaching the milestone years earlier than anticipated. The

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The Weekly Scan January 17, 2022

The Weekly Scan January 17, 2022

Welcome to the Weekly Scan. Here’s what we’re following for the week of January 17, 2022. Overruled. The Supreme Court overturned a Biden administration mandate for Covid-19 testing and vaccines for workers at large businesses. The court decided last week that the rule represented an overreach by the Occupational Safety and Health Administration (OSHA), the

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The Weekly Scan December 6, 2021

Welcome to the Weekly Scan. Here’s what we’re following for the week of December 6, 2021. Good for now? Congress reached a budget deal, called a stopgap spending bill, that will keep the government funded through mid-February, 2022. The bill, passed in both the House of Representatives and Senate on December 2, 2021, will maintain

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The Weekly Scan November 29, 2021

The Weekly Scan November 29, 2021

Welcome to the Weekly Scan. Here’s what we’re following for the week of November 29, 2021. Variant of concern. News of Omicron, the variant that could potentially evade the Covid-19 vaccine, caused major U.S. indexes to fall between 2.0% and 3.5% on Friday—due to concerns that it may  interrupt the current global economic recovery. The

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The Weekly Scan November 22, 2021

The Weekly Scan November 22, 2021

Welcome to the Weekly Scan. Here’s what we’re following for the week of November 22, 2021. Closing its doors.  Pharmacy chain CVS will shutter 900 stores over the next three years. Meanwhile, CVS will add health services such as diagnostic testing, mental-health services, and hearing exams at the remaining locations. The company has added dozens

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The Weekly Scan November 15, 2021

The Weekly Scan November 15, 2021

Welcome to the Weekly Scan. Here’s what we’re following for the week of November 8, 2021. Ask the audience. Elon Musk sold roughly $5 billion worth of Tesla stock last week, reportedly to cover tax withholdings for stock options. Before doing so, Musk polled Twitter users about whether he should sell 10% of his holdings

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The Weekly Scan November 8, 2021

The Weekly Scan November 8, 2021

Welcome to the Weekly Scan. Here’s what we’re following for the week of November 8, 2021. Flipping the script. Online real estate platform Zillow announced last week that it will close down its house-flipping business known as Offers, and lay off 25% of its workforce. Zillow used Offers to purchase homes and handle repairs, such

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The Weekly Scan October 25, 2021

The Weekly Scan October 25, 2021

Welcome to the Weekly Scan. Here’s what we’re following for the week of October 25, 2021. Enjoy your stay. Hotel chain Marriott International reportedly collected more than $200 million in potentially deceptive fees from customers over the last ten years. The so-called resort fees came to light last week as part of a lawsuit filed

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