Saturday, December 28

Tag: economy

Korean Air to add premium economy class – Business Traveller
9Nov By adminNo Comments
Travel

Korean Air to add premium economy class – Business Traveller

South Korean flag carrier Korean Air will introduce a premium economy class product as it takes delivery of new Boeing 787 Dreamliners, the airline’s chief executive, Walter Cho, told media this week. The SkyTeam carrier already has 11 Boeing 787-9 long-haul aircraft in its current fleet, but is due to take delivery of nine more, plus 20 higher-capacity 787-10 Dreamliners over the coming years. In their current configuration, the Korean Air 787-9 Dreamliner seats 269 passengers – 24 in 1-2-1 business class and 245 in 3-3-3 economy class. A seat map for the 787-10 with the new premium economy seats has not been released yet, although Korean Air did say that the new cabin class would debut next year. Separately, on 9 November, Korean Air announced that it would resume its services to K...
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Why Democrats Should Care About the National Debt
7Nov By adminNo Comments
Health

Why Democrats Should Care About the National Debt

After his election as House speaker, Mike Johnson said one of his top priorities was the creation of a bipartisan commission to tackle the national debt. It’s a good idea that nearly 70% of voters in both parties support. In September, Reps. Scott Peters (D., Calif.) and Bill Huizenga (R., Mich.) introduced the Fiscal Commission Act of 2023, and 198 House Republicans voted for it as part of a government funding bill. Here’s why Democratic congressional leaders and the Biden administration should join the push:• Deficits are undermining the Biden economy. In the past year, the real federal budget deficit more than doubled, from $933 billion to $2 trillion. Democrats rightly argued that spending borrowed money was a critical economic support during the Covid pandemic. But the unemployment r...
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For Nikki Haley, Opportunity Knocks Again
4Nov By adminNo Comments
Health

For Nikki Haley, Opportunity Knocks Again

Manchester, N.H. You might say Nikki Haley has an exceptional sense of timing, or that she possesses the most valuable political gift of all: luck. That’s not to diminish the former South Carolina governor’s political skill or competence; it’s to point out that at crucial moments in her career, things have gone her way—either because she took the right opportunities at the right time, or because those opportunities fell into her lap, or both. Probably both. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Ireland’s Tax-Cutting Success Story – WSJ
2Nov By adminNo Comments
Business

Ireland’s Tax-Cutting Success Story – WSJ

By Stephen Moore and Steve ForbesEuropean Union officials and Treasury Secretary Janet Yellen are pushing for a global minimum corporate tax, and no wonder. High-tax countries are getting bled to death, while low-tax ones experience stunning growth.Ireland, whose economy grew by 12.5% last year—faster than any other European nation—is one of the greatest tax-cutting success stories of modern times. The Journal recently reported that Ireland is “swimming in money.” It’s a vivid example of the Laffer Curve, which shows that lower tax rates can result in faster growth and higher revenue. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Here’s how many jobs are available across the U.S.
2Nov By adminNo Comments
Money

Here’s how many jobs are available across the U.S.

Employers posted 9.6 million job openings in September, up from 9.5 million in August according to the U.S. Bureau of Labor Statistics' Job monthly Openings and Labor Turnover Survey (JOLTS). The slightly elevated numbers signal that the U.S. job market remains strong even as the U.S. Federal Reserve attempts to cool the economy."Today's JOLTS report was, simply, a bit boring — in the best possible way," Nick Bunkers, Indeed hiring lab director of economic research, said in note on today's report. "Not much has changed over the past few months, and the labor market appears to be stabilizing at a level consistent with a sustainable economy."The September openings are down from a record 12 million in March 2022 but remain high by historical standards. Before 2021 — when the American economy...
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What $1.8 billion jury ruling could mean for real estate industry
2Nov By adminNo Comments
Money

What $1.8 billion jury ruling could mean for real estate industry

What $1.8 billion jury ruling could mean for real estate industry - CBS News Watch CBS News Earlier this week, a federal jury awarded $1.8 billion in damages against the National Association of Realtors and several real estate companies for finding that they artificially inflated brokerage commissions. Carter Evans takes a look at what the staggering payout could mean for the real estate industry. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
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How it impacts your money
1Nov By adminNo Comments
Money

How it impacts your money

The Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday.Even so, consumers likely will get no relief from current sky-high borrowing costs.Altogether, Fed officials have raised rates 11 times in a year and a half, pushing the key interest rate to a target range of 5.25% to 5.5%, the highest level in more than 22 years. "Relief for households isn't likely to come soon, at least not directly in the form of a cut in the fed funds rate," said Brett House, economics professor at Columbia Business School.The consensus among economists and central bankers is that interest rates will stay higher for longer, or until inflation moves closer to the central bank's 2% target rate.What the federal funds rate means for youThe federal funds rate, which i...
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Many Americans say they’re spending more than they earn, dimming their financial outlooks, poll shows
28Oct By adminNo Comments
Money

Many Americans say they’re spending more than they earn, dimming their financial outlooks, poll shows

U.S. economy looking stronger than expected U.S. economy looking stronger than expected 03:13 Many Americans say their household expenses are outstripping their incomes, prompting concerns about their financial futures. At the same time, household debt for most Americans has either risen in the last year or has not gone away.About 2 in 3 Americans say their household expenses have risen over the last year, but only about 1 in 4 say their income has increased in the same period, accordi...
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