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Former Treasury Secretary Larry Summers faces backlash from Jim Bianco, Paul Krugman for inflation ‘chart crime’

By Former Treasury chief Larry Summers got panned for posting a graph suggesting US inflation could be tracing the same path now as in the 1970s.  Nobel laureate Paul Krugman said the chart was “problematic on many fronts”, adding the 1970s story was different.  Market veteran Jim Bianco slammed the post as “chart crime”, pointing…

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California may pay unemployment to striking workers. But the fund to cover it is already insolvent

Some California lawmakers want to make striking workers eligible for unemployment benefits. The push in the final weeks of the state’s legislative session is in response to multiple strikes. Some California lawmakers want to make striking workers eligible for unemployment benefits. The push in the final weeks of the state’s legislative session is in response…

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