Governor Cuomo Resigns

August 9 - 13, 2021
 

GetSmart: scooping lava from an active volcano

NewsBites

Inflation: the consumer price index (CPI) rose 5.4% in the month of July compared to last year, matching the largest yearly increase since 2008. Inflation continues to run hot, driven by strong consumer spending and continued supply shortages. For example, the U.S. reported an all-time high 10.1M job openings at the end of June, yet employers have struggled to fill the open jobs. With a shortage of employees, businesses are often forced to raise wages, which can lead to higher prices for consumers.

Explainer: the CPI is a measure of what Americans pay for goods and services, such as groceries, cars, airline fares, and rent. Over the past ten years, inflation has hovered around 2%.

Britney Spears: The father of Britney Spears has agreed to exit the conservatorship with his daughter that has come under intense scrutiny in the past year. In a statement, he said that although he finds no grounds for exiting, he “does…