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7 baffling things about Mississippi’s welfare fraud scandal case

August 2, 2022

It’ s now been three years and counting since investigations began into the largest public fraud case in Mississippi history— a case that involves powerful public officials, former pro football stars and pro wrestlers, and tens of millions of dollars. Phil Bryant about his own role in the scandal,“ It doesn’ t look good,” and there appear to be many incongruities about…

Washington judge overturns insurance rate credit scoring ban

August 1, 2022

In her oral ruling invalidating the rule, Thurston County Superior Court Judge Indu Thomas said that Kreidler exceeded his statutory authority, according to Kreidler's office. Republicans, insurers and others decried the move at the time, saying that it would add costs to people on fixed incomes, like the elderly, who have benefited from reduced insurance…

Biden poised to deliver on decades-long Democratic promise on drug prices

August 1, 2022

Democrats have been campaigning for 30 years on promises they'd let Medicare directly negotiate the cost of prescription drugs — and after all that time, they might finally be about to achieve it. Why it matters: The Senate's reconciliation bill would only open up negotiations for a small number of drugs, but even that is a threshold Democrats have never before been able to…

Two U.S. cost indicators fuel inflation concern

August 1, 2022

Two key U.S. inflation indicators posted larger-than-expected increases on Friday, raising concerns that prices will remain persistently high and prompt sharp interest rate hikes by the Federal Reserve. Separately, the Commerce Department's personal consumption expenditures price index, which forms the basis of the Federal Reserve's inflation target,…

Policymakers should deploy new tools to curtail inflation: Michael Shields

August 1, 2022

Guest columnist Michael Shields is a researcher at Policy Matters Ohio. An "aggressive" response from the Federal Reserve could cause a recession, because by raising interest rates, the Fed intentionally slows the economy and reduces hiring. As of May, Ohio had 134,000 fewer jobs compared with pre-COVID February 2020.

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