Januari effect

Share to Twitter Share to Linkedin Topline A group of Wisconsin voters filed a lawsuit in state court Tuesday against the “fake” electors who submitted alternate election results to Congress claiming former President Donald Trump won in 2020, the first such lawsuit filed against any state’s “fake electors” as the voters try to stop the scheme from happening again in the future. Key Facts The plaintiffs, which include several legitimate electors who elected President Joe Biden in Wisconsin’s Electoral College vote, sued 10 GOP electors who cast alternate votes for Trump, as well as two attorneys who aided their efforts. The lawsuit alleges the fake electors’ actions constituted a civil conspiracy and an illegal public nuisance, and were in violation of a law that makes it illegal to “usurp, intrude into or unlawfully hold or exercise any public office” in the state. The alternate electors met at the same time as the official ones and … [Read more...] about Wisconsin Voters Sue State’s ‘Fake Electors’ Who Fought 2020 Election Result

Editor's note: Below you'll find the week 84 release of the NYC Recovery Index, originally published April 12, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index rose marginally in the week ending April 2, 2022, with an increase from a score of 75 to 76 out of 100. Positive developments were recorded for both the unemployment claims and rental market subcomponents of the index, as claims declined sharply. Meanwhile, COVID-19 hospitalizations, subway ridership, and restaurant reservations worsened relative to the prior week. This marks the third consecutive weekly increase in COVID-19 hospitalization rates in New York City, amid an uptick in cases in the region. New York City’s recovery stands at a score of 76 out of 100, according to the New York City Recovery Index, a joint project between Investopedia and NY1 . Just over two years into the pandemic, New York City’s economic recovery is about three-quarters of the way … [Read more...] about The New York City Recovery Index: April 11

Vehicles queue to refuel at a Bangchak petrol station in Bangkok. The cabinet agreed on Tuesday to cut the excise tax on diesel by 5 baht per litre for two months until July 20 to tame inflation. Sarot Meksophawannakul In economics, there is no such thing as a surprise. Major economic events like rising inflation, interest rate hikes, currency depreciation, even economic recession can be detected as far as a year ahead. Take the recent spike in global inflation as an example. The rapid price rise of world commodities began a year before Russia's invasion of Ukraine on Feb 24. The rise in a broad range of commodity prices reflected the recovery in demand after the outbreak of Covid-19 and deteriorating supply due to a lack of investment to expand and maintain supply chains during the Covid years. Here are some examples of commodity price hikes from January 2021 to January 2022, basically a month before Russia invaded: crude oil climbed 57%, phosphate (a key ingredient for … [Read more...] about Spectre of 2023 global recession looms