Here is what is in the bilateral infrastructure law that Parliament intends to adopt — and how it is paid

The two-party Infrastructure Act was passed by the Senate on Aug. 10 by a 69- to 30-vote vote, with Senate Minority Leader Mitch McConnell among 19 Republicans who joined 50 Democrats in the chamber to support the long-awaited move. But the bill still hasn’t become law, as it needs to clear the House of Representatives … Read more

Yahoo is withdrawing from China because of the ‘demanding’ work environment

HONG KONG (AP) – Yahoo Inc. announced on Tuesday that it had withdrawn from China, citing an increasingly demanding operational environment. The withdrawal was largely symbolic, as Chinese digital censorship has already blocked many of the company’s services. But recent government moves to expand control over technology companies in general, including domestic giants, may have … Read more

Why this “perfect storm” for inflation will push Americans back to work and cool speculative markets

Investors are now experiencing a complete storm of inflation in the US Complete storms arise from seemingly small factors. Each in itself may not be particularly important, but the overall result is an event that significantly exceeds the sum of the parts. Inflation is always caused by too much money hunting for too few commodities. … Read more

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