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November 8, 2021
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November 8, 2021
Committee on Agriculture: “The Immediate Challenges to our Nation’s Food Supply Chain”
By Nathalie Voit On Wednesday, Nov. 3, the Committee on Agriculture hosted a hybrid hearing titled: "The Immediate Challenges to our Nation's Food Supply Chain." Rep. David Scott (D-GA) served as chairman of the event. In his opening statement, Rep. Scott emphasized the importance of keeping the nation's food supply chain safe and secure. According [...]
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November 5, 2021
Foreign Real-Estate Buyers Will Be Able to Buy U.S. Property Once Again
By Nathalie Voit The Nov. 8 lift on overseas travelers means foreign buyers will once again be able to view and buy U.S. real estate after 20 months of not being able to enter the country. The current travel ban, which affects 33 countries, is set to expire on Monday for vaccinated visitors. According to the U.S. Department of State, [...]
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November 5, 2021
U.S. Economy Adds 531,000 Jobs In October, BLS Data Reveals
By Nathalie Voit Data from the U.S. Bureau of Labor Statistics (BLS) revealed widespread job growth and notable gains in key industries as the labor market recovered from its summer lull. According to the BLS October Jobs Report, the economy added 531,000 jobs last month, decreasing the unemployment rate to 4.6% from the 4.8% recorded in September. [...]
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November 5, 2021
Middle-Class Americans Are Not Saving Enough For Retirement, Study Finds
By Nathalie Voit Middle-class U.S. households have few financial assets and may face retirement insecurity, a report by the National Institute on Retirement Security found. The study used data from the Federal Reserve’s Survey of Consumer Finances to track financial assets by generation, race, and net worth. According to the study, middle-class households in 2019, with a median net [...]
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November 5, 2021
U.S. Productivity Falls In Third Quarter, Labor Department Data Reveals
By Nathalie Voit Quarterly productivity growth in the U.S. fell by the greatest amount since 1981, according to a report released Nov. 4 by the U.S. Bureau of Labor Statistics. Nonfarm business employee output per hour declined 5.0 percent in the third quarter of the year, reflecting slower output despite an overall increase in hours. Labor Department [...]
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November 4, 2021
2021 JACK R. LEE DISTINGUISHED SPEAKER SERIES PRESENTS: “Consumer Credit and Mortgage Policy”
By Nathalie Voit On Friday, Oct. 29, Mark Calabria, former director of the Federal Housing Finance Agency (FHFA), and Todd Zywicki, task force chair of the Consumer Financial Protection Bureau (CFPB), met at Mississippi State University to discuss consumer credit and the mortgage market. Consumers’ Research’s Senior Research Fellow Tom Miller moderated the event. In [...]
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November 2, 2021
Zillow Pauses Home-Buying Contracts Amid Operational Backlogs
By Nathalie Voit Zillow reportedly paused its home-flipping operation after overbuying thousands of homes above market rate values. According to Bloomberg, the real estate company has halted its home-buying business, Zillow Offers, following a failed buying spree in the third quarter that saw the company purchase thousands of homes above-market prices. The company is now looking [...]
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November 2, 2021
Wheat Closes at Record Highs Amid Food Inflation Fears and Supply Chain Woes
By Nathalie Voit The price of wheat reached record highs on Nov. 1 as food inflation fears prompted high demand from top importers worried about decreasing reserves in the near future. According to data from CME Group, which merged with the Chicago Board of Trade (CBOT), Chicago wheat futures topped $8 a bushel, hitting an [...]
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November 1, 2021
American Airlines Cancels Hundreds of Flights Over The Weekend and Monday
By Nathalie Voit American Airlines Group Inc. canceled an additional 390 flights Monday morning, blaming bad weather and thin staffing on the now four-day long cancellation spree that has extended into November. According to flight-tracking service FlightAware, about 13% of American’s flight schedule, or roughly 390 flights, were canceled as of 3:00 p.m. ET Monday. [...]
