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Consumers are not loading up their credit cards

2 years ago
The Wall Street Journal reports that consumers are finally feeling the effects of high interest rates. They are buying fewer houses (true), fewer cars (not really true), and loading up their credit cards: “Consumers are carrying much higher balances than they were two years ago,” said Charlie Wise, head of global research and consulting at ...continue reading "Consumers are not loading up their credit cards"
Kevin Drum

Superbugs are gaining ground via economics, not evolution

2 years ago
We need new drugs to fight the surge of antibiotic-resistant bugs that have been making the rounds in recent years. And we have them! But there's a catch: Six startups have won Food and Drug Administration approval for new antibiotics since 2017. All have filed for bankruptcy, been acquired or are shutting down. The problem ...continue reading "Superbugs are gaining ground via economics, not evolution"
Kevin Drum