The Great Escape

The first thing you should know about Caroline Potts of Murfreesboro, Tennessee, is that she loves her pets. “I have five cats and three dogs,” she told me, proudly. “The only thing I don’t have is birds.”
So when she needed a job, PetSmart seemed like the perfect solution. “My sister worked at PetSmart and I was in there so much,” she said.
She started as a bather, and showed enough promise to be invited to the company’s dog grooming academy, where they teach how to cut hair. “I knew it was what I wanted to do with my life,” Caroline said.

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Democrats need to admit that inflation is real – or voters will turn on them | Andrew Gawthorpe

Democrats need to admit that inflation is real – or voters will turn on them

Andrew Gawthorpe

Inflation is an issue of real concern to many Americans. It’s also a chance for Democrats to name and shame price-gougers

‘This week Biden announced the release of 50m barrels of oil from the US strategic petroleum reserve, an attempt to bring down gas prices at the pump.’ Photograph: Joe Raedle/Getty Images

‘This week Biden announced the release of 50m barrels of oil from the US strategic petroleum reserve, an attempt to bring down gas prices at the pump.

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The greediest Thanksgiving ever

Now, they tell us, inflation might be happening — but it’s the fault of greedy corporations! And those companies must be punished.

Corporate greed is why your Thanksgiving turkey and energy prices are more expensive this year, alleges Sen. Elizabeth Warren (D-Mass.). Corporate greed is also why Dollar Tree is finally raising its prices, after 35 years, from $1 to $1.25 for most items, says a senior staffer for Sen. Bernie Sanders (I-Vt.).

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9 charts to be thankful for this Thanksgiving

For most Americans, these feel like bleak times. More than 750,000 Americans and 5 million people worldwide have died from Covid-19. A mob tried to violently stop the winner of our most recent presidential election from taking office through an attack on the Capitol. Climate change is exacerbating wildfires and other natural disasters, and we are not on track to avoid large-scale warming by 2100.
This is all real, and truly alarming. But it would be a mistake to view that as the sum total of the world in 2021.

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The Best Way to Fight Inflation: Ditch Fossil Fuels

The Biden administration is treating rising energy prices with more urgency than the climate crisis. After encouraging OPEC to drill more over the last few weeks, Biden on Tuesday announced that he’ll release 50 million barrels of crude oil from strategic reserves—the largest ever such drawdown, and only the second time reserves have been used to influence gas prices, up 60 percent over a year ago.

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How Softies Seized the Fed

Who should lead the Federal Reserve? President Biden faced a difficult choice. Should he reappoint Jay Powell, a monetary dove who believes that the current inflation spike is probably temporary but might revise his views in the light of evidence? Or should he nominate Lael Brainard, a monetary dove who believes that the current inflation spike is probably temporary but might revise her views in the light of evidence?
In the end, he went with the monetary dove.
OK, Powell and Brainard aren’t identical.

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Biden: Don’t Repeat Jimmy Carter’s Catastrophic Mistake on Inflation

Democrats are right to worry about inflation’s threat to Joe Biden’s presidency. But they need to learn the right lesson from our history: Overreaction can be fatal.
The last time inflation had a significant impact on U.S. politics was in 1979–1980, when Jimmy Carter’s mishandling of rising consumer prices elected Ronald Reagan president and ushered in 40 years of conservative dominance of American political life.
Prices were accelerating then because of supply constraints in specific markets. Gasoline rose in response to turmoil in the Middle East, including revolution in Iran.

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China’s Growth Model Is in Crisis

The ongoing crisis for Chinese property developer Evergrande has made the giant company the focal point of global concern. Creditors, investors, contractors, customers, and employees of Evergrande within and outside China have watched anxiously to see whether the Chinese government would decide that Evergrande was too big to fail. If Evergrande were to collapse, the repercussions for both the financial system and construction supply chains are impossible to predict.

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