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Services-Sector Growth Slowed by Labor, Materials, and Logistical Constraints
“Services-sector expansion likely slowed in February as shortages of labor and materials continue. Fewer new cases of Covid may provide some relief but turmoil as a result of the Russian invasion of Ukraine has the potential to disrupt the global economy and businesses.” ~ Robert Hughes
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The Meme-Stock Revolution That Wasn’t
“At the end of the day, argues Jakab, most retail investors were left holding the bag. Aside from the identifiable shorts like Gabe Plotkin or Andrew Left, most other Wall Street actors made a lot of money from the episode.” ~ Joakim Book
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Beauty Transcends Outrage
“Strength of emotion cannot by itself justify moral outrage. We have a duty not to offend others without good reason, but we also have a duty not to be offended by others without good reason.” ~ Theodore Dalrymple
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Weekly Initial Claims for Unemployment Benefits Fall to the Lowest Level of the Year
“Weekly initial claims ticked down for a second week. Overall, claims remain at a very low level and the labor market remains very tight. However, the Russian invasion of Ukraine dramatically increases uncertainty.” ~ Robert Hughes
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Not So Fast on the Fast Act
“The fact that so many workers in the industry have been unwilling to voluntarily ‘buy’ the union agenda for themselves is not a reason for giving unions more power, but is reason to question their claims that they will improve workers’ lives.” ~ Gary M. Galles
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