Depending on what study you choose to look at, Vermont’s business climate is either slightly below average or quite close to last in the U.S. CNBC gave Vermont a #31 ranking; the Tax Foundation placed Vermont at #43.
Celsius, which offers interest-bearing crypto accounts, has filed Chapter 11 bankruptcy, the Department of Financial Regulation announced. The company on July 12 said it was halting withdrawals, swaps, and transfers between customers.
Producer prices soared by 11.3% in June over a year ago as consumers continue to struggle with skyrocketing prices for just about everything.
Consumer prices rose another 1.3% in June, contributing to a 9.1% spike over the past 12 months. It is the largest spike in 41 years. “The increase was broad-based, with the indexes for gasoline, shelter, and food being the largest contributors,” BLS said.
Democrats have moved into an area unthinkable 29 years ago — “Modern Monetary Policy.” This is a shady partisan theory that the federal government can just print all the money it wants and there will be no adverse economic impact.
The vast majority of Americans are cutting back on their spending because of rising inflation, according to new survey data.
The LendingClub, a peer-to-peer lending company, reports that 58% of U.S. consumers were living paycheck to paycheck last month, a 4% increase from last year. With inflation rates sitting at a 40-year high, taxpayers continue to struggle financially as the economy begins to slow.
“The nation’s small business owners have gone from one set of economic challenges to the next over the past couple of years, and now they are vastly cutting back on spending and investment, which will have a harmful effect across the economy.”
Biden’s proposed gas tax holiday is a ploy to distract from the serious energy-related issues brewing under the surface. Unless Congress acts or the administration reverses course, those issues will continue to fester.
Republican lawmakers who pushed the bill through the Legislature argued that the state is flush with surplus revenue and can afford to give pandemic-battered businesses a tax break. Democrats opposed the changes.
New Hampshire Gov. Chris Sununu blamed “unprecedented Washington spending that has unleashed record inflation, uncertainty in the energy market following President Biden’s anti-domestic energy policies, and the ongoing conflict in Ukraine.”
No states have had unemployment claims recover quicker than the New England pair of New Hampshire and Vermont. That’s the finding of a study by WalletHub.