How does recession affect the economy

One month ago, the heart of President Joe Biden 's domestic agenda was on life support, and his job approval rating had dropped to a new low. Biden and his party appeared headed for a shellacking in the midterm elections. Even Democratic voters seemed ready to move on from the president, openly questioning whether he should seek a second term. But seemingly overnight, in an unexpected turn of events, Biden has regained some momentum following what has been the most productive period of his presidency. In a rare flurry of bipartisan activity over the past six weeks, Congress passed the most significant gun control regulation in three decades and made a major investment in U.S. manufacturing to counter competition from China. And on Sunday, Senate Democrats approved an energy, tax and health care package on a party-line vote, delivering on a number of longtime Democratic priorities. The House is expected to vote on the bill Friday. Still, the president's approval rating … [Read more...] about Biden boosts legacy with energy, health care bill. Will voters reward him?

With Senate Democrats passing the $740 billion “Inflation Reduction Act” Sunday, Americans might see an extra 87,000 new Internal Revenue Service (IRS) agents providing taxpayers with “better service,” according to one liberal lawmaker. Amid high inflation and a recession, U.S. Senators broke even on voting for the legislation. All 50 Democrat Senators supported, and all 50 Republicans rejected the act, allowing Vice President Kamala Harris to break the tie vote. While the bill emphasizes spending toward climate and health packages — an extra $80 billion would primarily enhance IRS enforcement and operations while modernizing new technology systems. IRS enforcement aims to ramp up auditing the wealthy and impose a minimum tax on large corporations over the next decade. However, the number of new agents has working-class Americans concerned that they could see a tax hike, considering Sen. Joe Manchin (D-WV) once said raising taxes during a recession is wrong, Fox News … [Read more...] about Dem Senator Suggests Adding 87,000 New IRS Agents Will Give American Taxpayers ‘Better Service’ | The Daily Wire

THE guard-house was, in fact, nothing but a shed in the middle of a stubblefield. It had been built for a cider-press last summer; but since Captain Dorr had gone into the army, his regiment had camped over half his plantation, and the shed was boarded up, with heavy wickets at either end, to hold whatever prisoners might fall into their hands from Floyd’s forces. It was a strong point for the Federal troops, his farm, — a sort of wedge in the Rebel Cheat counties of Western Virginia. Only one prisoner was in the guard-house now. The sentry, a raw boat-hand from Illinois, gaped incessantly at him through the bars, not sure if the “ Secesh ” were limbed and headed like other men ; but the November fog was so thick that he could discern nothing but a short, squat man, in brown clothes and white hat, heavily striding to and fro. A negro was crouching outside, his knees cuddled in his arms to keep warm: a field-hand, you could be sure from the face, a grisly patch of flabby black, with a … [Read more...] about John Lamar

There’s no tomato bruschetta on the menu at a Bay of Plenty Italian restaurant, while a grilled tomato on your cooked Sunday breakfast will cost more than $5, as fresh tomato prices continue to soar. Even canned tomatoes are off the menu at the Tauranga Foodbank, which said people are so desperate for the pantry staple that they appealed to the community for help. It is not just restaurants seeing red over the price of tomatoes. Shoppers are baulking at the high cost in supermarkets, where basic fresh tomatoes cost anything from $15 a kilo, with other varieties costing as much as $50 a kilo. READ MORE: Foodstuffs faced 7.9% hike in grocery prices in July, as supermarket suppliers pass on higher costs How rich are New Zealand's supermarket owners? Could going vegan slash your grocery bill by 40 per cent? The humble tomato is the essence of Italian cuisine, says Amrinder Dhillon, manager of Salva D’Or Italian restaurant in Tauranga, but the rising cost has meant the … [Read more...] about Soaring cost of tomatoes puts squeeze on pizza and the brunch brekkie

BROMPTON was one of the earlier New England settlements. Its cemeteries contain numerous stones dating back almost to the middle of the seventeenth century, and the town celebrated its bicentennial years ago. Its first meeting-house was burned by Indians. In the Revolutionary era its citizens hurried away to the earliest engagements around Boston ; and of that period it preserves many memorials, notably two line old taverns, in which some of the most famous of the Continental officers are known to have lodged. But we are not now concerned with its history, and I come directly to the time, a decade or so before the civil war, when the town, after having been for more than a century and a half a small farming community, for which all necessary boot and shoe making and repairing were easily done by a few cobblers, was beginning to make shoes on a larger scale, for export. Brompton has neither water - power nor any of the other natural advantages which would have made it possible to … [Read more...] about A Massachusetts Shoe Town