Today’s NJSPL blog, by Prof. Michael L. Lahr, is the second part of a deeper look at the possible recession. He notes that the dollar is strong across the globe, which could help the economic balancing act.
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NJSPL – What’s a Fed to Do? The Potential Factors of a Recession, Part 1
Today’s NJSPL blog, by Prof. Michael L. Lahr, titled “What’s a Fed to Do? The Potential Factors of a Recession, Part 1,” discusses the Federal Reserve’s decision to increase the federal fund rate a second time.
New Jersey wineries battle rising cost of packaging, shipping wine
Wineries are being hit hard by the high cost of supplies, and they are also facing supply shortages. While there isn't a wine shortage, the cost to package and ship bottles of wine has gone up, according to some employees at wineries in New Jersey. *********** A local...
Political wrap-up: The 3 -tions: Inflation, Abortion, and the Election
Wrapping up with three hot topics in national politics, the important races of the 2022 midterm elections, and what inflation and abortion could mean for the election.
Gas prices rise to record highs again
Gas peaked at $1.39 a gallon back then, which would be $4.52 today. Action News spoke to Michael Lahr, an economics professor at Rutgers University. "What may happen, not real soon though, is that companies will use these raises in prices to invest in capital to get...
How New Jersey Averted a Pandemic Financial Calamity
James W. Hughes, the former dean of the Edward J. Bloustein School of Planning and Public Policy of Rutgers University, said the state’s decision to turn to borrowing made sense at the time. “It’s so overused, but whatever the term is — unprecedented, uncharted waters...
One thing we agree on – How the American public views the economic crisis
Survey results showed that the public shares widespread agreement regarding the state of the economy and what the response to joblessness should be.
Twin crises: The economic impact of COVID-19 and Americans’ outlook for the future
Americans are experiencing dire financial and emotional trauma from the pandemic-driven recession and worry that these negative realities will linger for many years.
Healing the wounded economy: Large majorities of Americans support government action to create jobs; help workers, businesses
Americans are eager for the government to ease the pain of the recession brought about by the pandemic.
If we don’t receive stimulus, ‘we’re going back into recession’: economist
Mark Zandi, Moody's Analytics Chief Economist, joins The Final Round to discuss his thoughts on what’s driving the markets, how investors should be thinking about the July jobs report and the impact of a stalling stimulus plan might have on the economy. Professor...
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