February 4, 2025

Chronoto.pe

Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Headlines

Recession

A massive new study debunks a widespread theory for Donald Trump’s success – The Washington Post

Max Ehrenfreund and Jeff Guo023 mins

(Rachel Orr/The Washington Post) Economic distress and anxiety across working-class white America have become a widely discussed explanation for the success of Donald Trump. It seems to make sense. Trump’s most fervent supporters tend to be white men without college degrees. This same group has suffered economically in our increasingly globalized world, as machines have replaced workers in factories and labor…

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Once seen as recession-proof, the funeral industry is in a death spiral. Some owners are staving off the end by catering to a new generation’s burial tastes | Crain’s New York Business

Hilary Potkewitz027 mins

  Height – 3646 | Width – 5353 Photo: Buck Ennis MARCHING ON: A Chinese family begins a funeral procession from Wan Shou Funeral Home. Brooklyn’s burial businesses have needed to adapt to the burial rites of new populations—or die. After 40 years of working in Williamsburg, Keith Senko thought he’d heard and seen it…

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Note to Philip Hammond: In ALL 32 OECD countries that cut spending, economic growth was seriously damaged

Geoff Tily018 mins

Philip Hammond MP. Photo: Oli Scarff Note to Philip Hammond: In ALL 32 OECD countries that cut spending, economic growth was seriously damaged 14 Jul 2016, by Geoff Tily in Economics Since 2010, under the direction of international organisations and most economists, governments across the world have cut spending in order to restore public finances…

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The 1% are recovering from 2008 recession while 99% are still waiting | Business | The Guardian

Jana Kasperkevic05 mins

The top 1% of Americans are finally recovering from the great recession. A new analysis of IRS data revealed that the average income of the top 1% of income earners grew by 7.7% in 2015, reaching $1.36m. Report author Emmanuel Saez, an economics professor at the University of California-Berkeley, calculated earlier this year that the…

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The myth of millennial entitlement was created to hide their parents’ mistakes — Quartz

Sarah Kendzior014 mins

Three years ago, TIME magazine published a cover story called “The Me Me Me Generation—Millennials are lazy, entitled narcissists who still live with their parents.” It was the print version of clickbait, designed to be devoured by TIME’s Baby Boomer base, or perhaps flipped through angrily by millennials killing time at TIME’s most reliable subscriber,…

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Mexico Cuts Spending After Brexit Vote Causes Assets to Tumble – Bloomberg

Isabella Cota04 mins

Mexico announced it would cut federal spending by 31.7 billion pesos ($167.9 billion), reducing the country’s international funding needs as emerging-market assets worldwide tumble following the U.K.’s decision to leave the European Union. A decision on whether to increase the country’s key interest rate will be made next week at a June 30 board meeting…

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