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China taps influencers to counter perceived negative Western narrative


The Straits Times
China taps influencers to counter perceived negative Western narrative
Ms Jessica Zang, a travel blogger showing the real face of China .PHOTO: JESSICA ZANG/FACEBOOK
https://str.sg/33uW
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The Numbers Are In, Biden's Inflation Is Not Going Away


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Inflation is expected to remain elevated and drive consumer prices higher for several more years, according to a survey conducted by The Wall Street Journal.
“We’re in a transitional phase right now,” Joel Naroff, chief economist at Naroff Economics, told the WSJ. “We are transitioning to a higher period of inflation and interest rates than we’ve had over the last 20 years.”
The consumer price index, an inflation indicator tracked by the Department of Labor, increased more between June 2020 and May than it has in any other 12-month period since August 2008, recent government data showed.
Inflation is expected to remain elevated and drive consumer prices higher for several more years, according to surveyed economists. ....

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Inflation Increasing Quicker Than Expected, Former Treasury Secretary Larry Summers Says


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Top American economist Larry Summers is sounding the alarm on rising U.S. inflation, saying that it is ticking up quicker than he originally expected.
Inflation is increasingly a more concerning and larger threat as consumer prices continue to rise, former National Economic Council Director and Treasury Secretary Larry Summers told Axios on Monday. He also criticized the Federal Reserve’s policies, suggesting that its decision to keep interest rates low could harm the economy.
“Data are pointing more towards higher inflation than I expected, and sooner,” Summers told Axios. “With more inflation signs sooner than I would have expected.” ....

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