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Why Inflation Isn’t Falling Like Gas Prices

Inflation hit the highest yearly increase in four decades, primarily due to the cost of gasoline. Gas prices contributed to the 9.1% increase in consumer prices in the U.S. in June compared to the same month last year. For more than 50 days in a row, gas prices have been trending down, providing much-needed relief for drivers’ wallets at the pump. But don’t start celebrating yet. Despite the significant contribution that gas prices have made to the current wave of unprecedented inflation, researchers caution that there are still several factors that will prevent overall costs from reducing anytime soon. Everyone is affected by the rising inflation of today and the rate hikes designed to combat it because of commodity prices. Although commodity markets are challenging to grasp, they are essential as the Federal Reserve decides how much to raise interest rates. Since food and fuel prices vary significantly from month to month, core inflation does not include these costs. So, whil

Why Toyota Is Buying Back An Electric Car

Back in June, Toyota warned the owners of its BZ4X electric SUV that they should stop driving the vehicle and have it transported to a dealership. They issued this waning because of a severe problem; the wheels could fall off while driving even after a short time on the road. At the time, Toyota did not know why this was happening. The automaker said it would investigate the problem and have it corrected once engineers figured out why the wheels were coming loose. But over a month later, Toyota engineers still haven’t figured it out. Now they are offering to buy back the SUVs from customers who don’t want to wait for the problem to be resolved. The recall was announced after Toyota sold 258 units. Toyota sent a letter to bZ4X owners letting them choose between a loaner vehicle, an incentive package, or full repurchase of cars. Toyota sent the letter as they continued to struggle to keep the wheels on their first electric car effort. The main takeaways from the better are: Ow

The Democrat’s Climate And Health Care Bill

The Democrats passed their $750 billion health care, tax, and climate bill on Sunday afternoon. The passing was a significant win for President Biden and his party. Vice President Kamala Harris had the tie-breaking vote in the final party-line vote of 51-50. The package results from careful negotiations, giving the Democrats a chance to achieve significant policy objectives ahead of the upcoming midterm elections. On Friday, August 12th, the house of representatives is expected to pass the bill. They have to approve the bill before Biden can sign it into law. President Biden said in a statement on Sunday, “Senate Democrats sided with American families over special interests, voting to lower the cost of prescription drugs, health insurance, and everyday energy costs and reduce the deficit while making the wealthiest corporations finally pay their fair share.” “I ran for President promising to make government work for working families again, and that is what this bill does — perio

Four Current And Former Officers Charged After Breonna Taylor’s Death

Four former and current Louisville, Kentucky police officers, were charged with federal crimes connected to the 2020 fatal shooting of Breonna Taylor, a Black woman asleep in her home, in a case that sparked nationwide protests. Taylor’s death, along with the deaths of George Floyd and Ahmaud Arbery, fueled a summer of protests against racial injustice and police violence. The protests were sparked two years ago in the early months of the COVID-19 pandemic. The charges were a result of the Justice Department’s effort to combat abuses and racial inequities in policing, which came in the wake of a surge of controversial police shootings of Black Americans. The federal charges are being called a huge step toward justice. The Death Of Breonna Taylor Prominent civil rights attorney Ben Crump said in a statement that it’d been a difficult two years since Breonna Taylor’s death for her family and advocates fighting for her. Taylor, a 26-year-old emergency medical technician, had police

Do Truck Drivers Follow Different Laws?

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All drivers in every state need a valid driver’s license to operate a vehicle on public roads. Each state governs the licensing of its drivers, but most states adhere to the Uniform Vehicle Code. Drivers with valid licenses in one jurisdiction can safely operate a vehicle in another state because to the uniformity of licensing laws. States have an interstate agreement that ensures a driver with a license from one state can lawfully drive in all states because they all have equivalent licensing criteria. But things are a little more complicated regarding commercial truck drivers. There are federal laws regulating commercial drivers.  Regulations add rules commercial drivers must follow, like the number of consecutive hours they can drive without a break and how many hours off duty they have to have before they can drive again. These regulations keep everyone safe and help avoid trucking accidents . In the article below, we will discuss the additional rules and regulations truck

Oil Prices Rebounding After Dropping

To the relief of everyone reading this article, global oil prices dropped on Thursday to their lowest levels since before Russia invaded Ukraine in February. As traders worried about the likelihood of an economic recession later this year that could scuttle demand for energy, prices fell to their lowest since Feb 18.  The sudden fall in oil prices will come as a relief to large consumer nations, including the United States and European countries. These countries have urged producers to ramp up output to offset tight supplies and combat inflation. Earlier in the year, oil had surged to well over $120 a barrel. During the early days of the COVID-19 Pandemic, the demand was lower. The rebound in demand overlapped with supply disruptions due to Russia’s invasion of Ukraine. Current Demand The selling on Thursday came after an unexpected increase in U.S. crude inventories the previous week. The Energy Information Administration had stated that the demand had slowed when gasoline pri

Monkeypox is Declared A Public Health Emergency

The federal government of the United States declared a public health emergency Thursday to bolster the response to the monkeypox outbreak. The current outbreak has infected more than 7,100 Americans. At this point, the United States has had no fatalities linked to monkeypox. The announcement will free up much-needed money and resources to help health care providers fight the virus. “We are prepared to take our response to the next level in addressing this virus, and we urge every American to take monkeypox seriously,” said the head of the U.S. Department of Health and Human Services, Xavier Becerra. The World Health Organization had already declared monkeypox a “public health emergency of international concern.” That’s the WHO’s highest alert level. The WHO declaration last month was meant to trigger a coordinated international response, unlocking funding for collaborations on vaccines and treatments.  In reaction to the outbreak of monkeypox, the governors of California, New Yo