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Month: May 2021

Larry Summers sends inflation warning to White House: Dominant risk to economy is ‘overheating’

A leading Democratic economist on Wednesday urged the White House to shift course after the government reported higher-than-expected inflation last month, which has heightened fears of fresh trouble for the recovering US economy. “Policymakers at the Fed and in the (White House) need to recognize that the risk of a Vietnam inflation scenario is now

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Used cars, travel and furniture are just some of many things that are getting more expensive

Just about everything is getting more expensive in the United States as the stimulus-fueled economy rebounds and Americans are again spending on shopping, traveling and eating out. But the pandemic is far from over, and supply-chain woes mean supply isn’t meeting demand — sending prices even higher. Nearly all major components of the government’s inflation

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CDC recommends use of Pfizer’s Covid-19 vaccine in 12-15-year-olds

US Centers for Disease Control and Prevention Director Dr. Rochelle Walensky said Wednesday the agency now recommends the use of Pfizer/BioNTech’s coronavirus vaccine in 12-15-year-olds. “Today, I adopted CDC’s Advisory Committee on Immunization Practices’ (ACIP) recommendation that endorsed the safety and effectiveness of the Pfizer-BioNTech COVID-19 vaccine and its use in 12- through 15-year-old adolescents,”

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Colonial Pipeline restarts operations after 6-day shutdown due to cyber attack

HOUSTON, Texas — The Colonial Pipeline launched the restart of its operations late Wednesday afternoon following a six-day shutdown caused by a ransomware attack, but the pipeline’s operators warned it will take several days for service to return to normal. “Some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions

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Biden says fuel situation will be ‘under control’ soon after officials warn against hoarding gas

President Joe Biden said that the fuel situation in the US should be “under control” soon, just minutes before Colonial Pipeline announced it initiated the restart of its pipeline operations following a recent ransomware attack. The President said the federal government has been in “very, very close contact” with Colonial Pipeline, adding, “I think we’ll

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EPISD’s top academic, operations officials put on leave amid audit

EL PASO, Texas — Two top El Paso Independent School District administrators were put on leave ahead of Wednesday evening’s board meeting to discuss an internal audit. El Paso Independent School District Deputy Superintendent of Finance and Operations Carmen Arrieta-Candelaria and Chief Academics Officer Tamekia Brown were placed on administrative leave with pay earlier this

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Biden says to expect ‘good news’ in next 24 hours on fuel situation as officials warn Americans not to hoard

President Joe Biden said on Wednesday that Americans should expect “good news” within the next day about a recent ransomware attack on the Colonial Pipeline, suggesting that the situation will soon be under control as his administration warns Americans not to hoard gasoline. “I think you’re going to hear some good news in the next

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