Economy

News brief: Tulsa shooting, Corinthian student loans, inflation hits food banks

8:11am June 02, 2022

There was a mass shooting in Tulsa, Okla. The Biden administration forgives nearly $6 billion in student loans linked to defunct Corinthian Colleges. Inflation has more people turning to food banks.

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Economy

Supply chain issues and strong demand are fueling inflationary pressures

7:17am June 02, 2022

NPR's Rachel Martin talks to Donald Kohn, former vice chair of the Fed's Board of Governors, about what can be done to fight inflation, and the impact of the steps taken to get it under control.

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Treasury Secretary Janet Yellen testifies before a Senate Banking, Housing and Urban Affairs Committee hearing last month.

Economy

Treasury Secretary Janet Yellen says she was wrong about the risks of inflation

12:40pm June 01, 2022

by Ximena Bustillo

Treasury Secretary Janet Yellen tells CNN she was wrong about the trajectory of inflation during interviews a year ago.

Economy

Along with the U.S., Europe is hit with extraordinarily high inflation numbers

7:42am June 01, 2022

NPR's Leila Fadel talks to Holger Schmieding, chief economist at Berenberg Bank in Berlin, Germany, about high inflation across the Eurozone.

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Evictions in some once-affordable suburbs are on the rise as more people move in

5:28pm May 31, 2022

by Erin Baldassari

Evictions in some once-affordable suburbs are on the rise. During the pandemic, people looking for more space left high-priced cities and moved to the burbs, pushing out lower income renters there.

Fear The Vibe Shift: Are We Entering A Recession?

10:34am May 31, 2022

by Greg Rosalsky

Despite low unemployment, solid spending, and continued job growth, signs are flashing that the U.S. economy is headed for another downturn.

Ukrainian demonstrators demand an embargo on Russian oil during a protest in front of EU institutions prior to an extraordinary meeting of EU leaders to discuss Ukraine, energy and food security at the Europa building in Brussels on Monday.

EU leaders agree to ban 90% of Russian oil by the end of 2022

9:09pm May 30, 2022

by The Associated Press

The embargo covers Russian oil brought in by sea, allowing a temporary exemption for imports delivered by pipeline, a crucial move to bring Hungary on board a decision that required consensus.

A mother's weekend errands show the impact of the economic crisis in Lebanon

5:25pm May 30, 2022

by Arezou Rezvani

The calculations of one mother in Beirut shows the struggles to feed a family amid Lebanon's years-long economic collapse.

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The baby-formula shortage has led some to question why the U.S. doesn't provide more support for breastfeeding. Here, a woman breastfeeds her son outside New York City Hall during a 2014 rally to support breastfeeding in public.

The baby formula shortage is prompting calls to increase support for breastfeeding

7:26am May 30, 2022

by Scott Horsley

As parents scramble to find scarce baby formula and the government races to boost production and imports, some advocates say the U.S. should do more to encourage breastfeeding.

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Heavy haul trucker Eric Jammer stands in front of his truck.

Economy

The astronomical price of diesel is making everything more expensive

8:56am May 28, 2022

by Brittany Cronin

America runs on diesel. It keeps freight moving, factories humming and farmers planting. But a surge in diesel prices is making everything more expensive.