The Latest Breaking News from Burt Flickinger

‘Good for Russia, good for China, bad for America’: How the Iran war is reshaping global economies and power

Stagflation, unemployment, recession: The Iran war is rewriting the global economy, and the damage may be permanent.

Fortune · Apr 10

Holiday spending is up. Shoppers are confident, but not giddy

Consumer spending from Nov. 1 through Christmas Eve rose 3.1% year over year, new data show, a figure in line with the decade leading up to the pandemic and another positive sign for the economy.

WEKU · Dec 27, 2023

‘Unified and militant’: Grocery workers get double-digit pay raises in new contract

LOS ANGELES — Whipsawed by the pandemic, spurred by fury over wage stagnation and alarmed by inflation, Southern California’s unionized grocery workers gained their biggest pay raises in decades Thursday as they ratified a new contract with the region’s largest food chains.

Los Angeles Times · Apr 16, 2022