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Weekly Economist
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- 1Trump's price-fixing plans stumble weeks before midterms▼5 WEEKS to the midterms. Trump's plan to fix prices has failed 3 TIMES. 🥩 Tariff-free beef → FARMERS revolt ⛽ Diesel exp
With five weeks until the US midterms, critics are highlighting three failed attempts by the Trump administration to bring down prices: tariff-free beef imports that angered farmers, a proposed diesel export ban opposed by the oil industry, and proposed $5,000 checks that even Republicans rejected. Inflation has remained above the Federal Reserve's target since 2021, and economists blame administration policies for the persistence of high prices.
- 2
A debate is under way in Japan over the government guidance that caps monthly overtime at 45 hours for most workers. A piece in Weekly Economist Online by scholar Wakana Shuto examines what the proposed revision of the 45-hour instruction really means for workers and employers. Commentators are weighing whether loosening or clarifying the cap would protect workers or open the door to longer hours.
- 3US job openings fall to 7.08 million in August●📉 Las vacantes de empleo en EE.UU. cayeron a 7.079 millones en agosto, por debajo de lo esperado. Contrataciones (5.2M)
US job openings dropped to 7.079 million in August, below what economists had expected. Hiring held at 5.2 million and layoffs at 1.6 million, showing little movement. The dollar rose to multi-week highs as markets watch how the Federal Reserve weighs the cooling labor market in its next rate decisions.