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Economics, and Finance articles. Engine @reddit2telegram Sister channel @r_war
Banks are threatening to end free checking. Don’t panic | CNN Business
https://www.cnn.com/2024/07/12/economy/banks-free-checking/index.html
https://redd.it/1e1rlok
@r_econ
Vice President Kamala Harris: "Rescheduling Marijuana is Great. Legalization is Better"
https://themarijuanaherald.com/2024/07/vice-president-kamala-harris-rescheduling-marijuana-is-great-legalization-is-better/
https://redd.it/1e1rxfl
@r_econ
Democrats' IRS Crackdown on Millionaires Draws in $1 Billion: "This is what happens when you fund the IRS," said one tax fairness group. "Anyone trying to cut IRS funding just wants to protect rich tax cheats."
https://www.commondreams.org/news/irs-2668732071
https://redd.it/1e1onls
@r_econ
Women are set to inherit trillions of dollars in the great 'horizontal wealth transfer'
https://www.cnbc.com/2024/07/12/horizontal-wealth-transfer-women-set-to-inherit.html
https://redd.it/1e1iq3z
@r_econ
Senators strike bipartisan deal for a ban on stock trading by members of Congress
https://www.reddit.com/r/wallstreetbets_wins/s/uh0WwSS9cB
https://redd.it/1e1hjpt
@r_econ
Economists Say Inflation Would Be Worse Under Trump Than Biden
https://www.wsj.com/economy/economists-say-inflation-would-be-worse-under-trump-than-biden-263bc900?st=43k3ofbkqdff7bg&reflink=desktopwebshare_permalink
https://redd.it/1e19poj
@r_econ
@bougiepsychic Gentle reminder that the 40 hour work week is outdated & was designed with the assumption someone else was going to be always taking care of cooking, cleaning & household errands. It wasn't designed for you to be doing it all & if you're having a hard time, you're not a failure
https://redd.it/1e17m7n
@r_econ
iPhone users in Europe will no longer have to use Apple Pay for mobile payments
https://www.yahoo.com/finance/news/iphone-users-europe-no-longer-115706025.html
https://redd.it/1e12lrr
@r_econ
Elon Musk’s Net Worth Drops $11 Billion After Tesla Reportedly Delays Robotaxi Launch
https://www.forbes.com/sites/tylerroush/2024/07/11/elon-musks-net-worth-drops-11-billion-after-tesla-reportedly-delays-robotaxi-launch/
https://redd.it/1e0xzj3
@r_econ
China is presently building twice as much solar and wind capacity than the rest of the world *combined*.
https://redd.it/1e0nzu1
@r_econ
Goldman Sachs: $1tn to be spent on AI data centers, chips, and utility upgrades, with "little to show for it so far"
https://www.datacenterdynamics.com/en/news/goldman-sachs-1tn-to-be-spent-on-ai-data-centers-chips-and-utility-upgrades-with-little-to-show-for-it-so-far/
https://redd.it/1e0qaym
@r_econ
Treasury, IRS announce 'major milestone' of $1 billion in past-due taxes collected from millionaires
https://www.cnbc.com/2024/07/11/irs-says-its-collected-1-billion-in-past-due-taxes-from-millionaires.html
https://redd.it/1e0p63y
@r_econ
How car loans were invented?
https://redd.it/1e0mnuy
@r_econ
Here’s who will pay to fix the nation’s mushrooming debt
https://finance.yahoo.com/news/heres-who-will-pay-to-fix-the-nations-mushrooming-debt-170139454.html
https://redd.it/1e08ct8
@r_econ
How the ‘strong’ US economy feels for poorer Americans, in five charts
https://www.ft.com/content/7755c27e-40be-431d-b912-111f93a15da5
https://redd.it/1e0g3y5
@r_econ
Majority of economists say inflation would be higher under Trump than Biden: WSJ survey
https://www.cnbc.com/2024/07/12/economists-trump-inflation-biden-wsj.html
https://redd.it/1e1pznv
@r_econ
Canada's housing obsession feeding into productivity slump, report says
https://financialpost.com/news/canada-housing-obsession-blamed-for-productivity-slump
https://redd.it/1e1jpk4
@r_econ
‘City slicker’ farm payments hit $2.3B, with House GOP looking to increase payouts
https://www.ewg.org/news-insights/news/2024/07/city-slicker-farm-payments-hit-23b-house-gop-looking-increase-payouts
https://redd.it/1e1izz3
@r_econ
Biden-Harris Administration Announces Nearly $2 Billion to Support American Auto Workers, Convert Facilities for Electric Vehicles - CleanTechnica
https://cleantechnica.com/2024/07/11/biden-harris-administration-announces-nearly-2-billion-to-support-american-auto-workers-convert-facilities-for-electric-vehicles/
https://redd.it/1e1g8fl
@r_econ
State Farm Threatens to Abandon California If They Can't Raise Prices: 52% For Renters, 30% For Homeowners
https://www.ibtimes.co.uk/state-farm-threatens-abandon-california-if-they-cant-raise-prices-52-renters-30-homeowners-1725427
https://redd.it/1e1g88j
@r_econ
Gen Z workers think showing up 10 minutes late to work is as good as being on time
https://fortune.com/europe/2024/06/24/gen-z-workers-10-minutes-late-work-baby-boomer-bosses-zero-tolerance-tardiness/
https://redd.it/1e1faph
@r_econ
Investors scooped up close to 15% of homes sold in first quarter—‘a bigger piece of the pie than in any other’
https://fortune.com/2024/07/11/housing-market-investors-home-buying-record/
https://redd.it/1e18ppo
@r_econ
Wind energy is powering America more than coal for the first time ever
https://qz.com/wind-power-overtake-coal-power-1851581004
https://redd.it/1e11gmg
@r_econ
Inflation Cools in Swing States Crucial for US Presidential Vote
https://www.bloomberg.com/news/articles/2024-07-11/inflation-cools-in-swing-states-crucial-for-us-presidential-vote
https://redd.it/1e0vtuk
@r_econ
IRS Recovers $1 Billion Unpaid Taxes From Wealthy Individuals Amid Budget Cut Threats From GOP
https://www.vcpost.com/articles/128054/20240711/irs-recovers-1-billion-unpaid-taxes-wealthy-individuals-amid-budget.htm
https://redd.it/1e0u902
@r_econ
Why Did Jeff Bezos Spend $42M To Build A Massive Clock That Will Last 10,000 Years: Ticks Once A Year And Chimes Every 100 Years
https://www.ibtimes.co.uk/why-did-jeff-bezos-spend-42m-build-massive-clock-that-will-last-10000-years-ticks-once-year-1725382
https://redd.it/1e0loml
@r_econ
Inflation further eases as consumer prices decline month-over-month in June
https://finance.yahoo.com/news/inflation-further-eases-as-consumer-prices-decline-month-over-month-in-june-123243136.html
https://redd.it/1e0nvym
@r_econ
Why Saudi Arabia keen to protect Russian Money????
https://www.bloomberg.com/news/articles/2024-07-09/saudi-arabia-veiled-threat-to-g7-over-russia-assets
https://redd.it/1e0l2ok
@r_econ
Potential Ban on Stock Trading for Members of Congress
https://redd.it/1e0h4zu
@r_econ
How does this research topic sound: micro (individual-level) economic anxiety and opportunity brought by cheap/free labour as a result of generative ai, and cheap, newly accessible labour markets
I was scrolling through TikTok and I realized because of easier access to cheap labour markets, a lot of things are a lot cheaper and more obtainable. This thought I had extended to cheaper services brought by generative AI. And I know there's a lot of hoopla about why GenAI is bad or won't work. However, it would $300 for a headshot, maybe $200 to buy a dress shirt and clothes, but probably $9.99 a month to generate a pretty good one that's indiscernible from a real headshot.
By making these goods and services more cheap, if you consider let's say a table from a cheap labour market a personal asset (kind of like capital goods for businesses), or a AI headshot like in my example, you're affecting the people whose jobs it is to produce these things, by creating less demand for their higher priced goods and services. On the other hand, you're creating economic opportunity by allowing these services to become drastically less costly. So, if I were to write a paper, I was wondering what your thoughts were.
I've taken a few econ courses, considering a double major, and I mostly study physics.
https://redd.it/1e0hjpl
@r_econ