WASHINGTON — President Donald Trump spoke this past week as if he's unaware that drug prices have gone up and tariffs came before him. His boast that the U.S. never collected a dime on goods from China until he imposed them marked a series of statements misrepresenting how trade works as the two countries escalated their dispute with new and retaliatory taxes on each other's products. Meantime, Russian President Vladimir Putin declared inaccurately that no traces of collusion between his country and Trump's 2016 campaign were found in the "exotic" special counsel investigation by Robert Mueller. A look at some recent rhetoric: TRADE TRUMP: "We've been losing, for many years, anywhere from $300 billion to $500 billion a year with China and trade with China. We can't let that happen." — remarks Tuesday at the White House. TRUMP: "We lost $180 billion with the European Union." — remarks to National Association of Realtors on Friday. THE FACTS: This is not how almost any … [Read more...] about AP FACT CHECK: Trump’s miscues on trade and drug prices
Consumer price index how much
By Alexi Cohan | [email protected] | Boston HeraldPUBLISHED: March 12, 2019 at 10:36 pm | UPDATED: March 13, 2019 at 8:24 am Legislators are eyeing the hotly debated issue of gas tax indexing, which made its way to the surface during a Chamber of Commerce breakfast Tuesday. Gas tax indexing, previously considered as a way to generate funding for transportation, would change the flat 24 cent tax on gasoline and instead tie the rate to inflation. The tax would be dependent on the Consumer Price Index and would increase by a few pennies each year. Voters favored a ballot initiative to repeal indexing in 2014, but they could soon be voting again. “Some members have already approached me on it, they feel that they could support,” House Speaker Robert A. DeLeo said. “It’s never an easy issue to take up, but again, I think we’re at a stage where if we’re going to get serious about addressing this issue then everything and anything has to be on … [Read more...] about Massachusetts legislators mull gas tax indexing
Christopher Rugaber, Ap Economics Writer Updated 12:03 am PST, Friday, January 11, 2019 Government workers, American Federation of Government Employees union members and members of supporting local unions, pose for a group photo during the rally to highlight the effect the federal shutdown, Thursday, Jan. 10, 2019, in Minneapolis. (Leila Navidi/Star Tribune via AP) less Government workers, American Federation of Government Employees union members and members of supporting local unions, pose for a group photo during the rally to highlight the effect the federal shutdown, ... more Photo: Leila Navidi, AP Photo: Leila Navidi, AP Image 1 of / 3 Caption Close Image 1 of 3 Government workers, American Federation of Government Employees union members and members of supporting local … [Read more...] about How’s the US economy doing? Shutdown makes it harder to say
AFTER days of holiday celebrations commuters have been slapped in the face with yet another fare raise. Campaigners have criticised the "staggering" increase which has left many people "priced out of getting to work". So why are tickets more expensive now? How much have rail ticket prices increased? The Rail Delivery Group has already flagged that fares will rise by 3.1 per cent in January. Northern trains will be stung by a very slightly worse 3.2 per cent rise. This follows a 3.4 per cent increase from the start of this year. Govia Thameslink Railway (GTR) operates the Thameslink, Southern and Great Northern rail services, and has flagged a similar 3 per cent rise. C2C, which mainly operates services from the capital to the coast, have also flagged 2.6 per cent increases. Chiltern flagged increases of 2.8 per cent in November. The average traveller will be paying £2,888 for their season ticket this year, £694 a year more than in 2010, according to Labour's analysis. To put … [Read more...] about Train fare increase – how much has the cost of rail travel gone up for 2019 and why are tickets more expensive now?
INFLATION was unchanged in October as higher prices for utilities and petrol were offset by a slide in food and clothing costs. Figures from the Office for National Statistics (ONS) show the Consumer Prices Index (CPI) held steady at 2.4 per cent in October. Economists had been expecting inflation to rise to 2.5 per cent. The ONS' head of inflation Michael Hardie said: "Prices paid by consumers continued to rise at a steady rate with falls in food and clothing offset by rising utility bills and petrol, as crude prices continued to rise. "House price growth ticked up a little as increases in Wales, Scotland and the midlands were to some extent offset by falls in central London." The pound eased back against the US dollar after the figures, down 0.2 per cent to just under 1.30 US dollars. Sterling held firm at 1.15 euros. Food price growth cooled off following rapid inflation this time last year, continuing a trend seen in September. Prices for oils and fats dropped by 6.3 per cent … [Read more...] about Inflation steady as lower food and clothing prices offset energy hikes