Day: August 17, 2024

How inaccessible has the U.S. become?

https://preview.redd.it/pnabhjuse9jd1.png?width=863&format=png&auto=webp&s=467e3712877b361fbe8d5bd428fec67cd1aabe85 While the CPI inflation in the U.S. has risen by approximately 6.0% over the past 2 years, inflation on many essential goods has been much higher. Transportation service prices have surged by 18.5% since June 2022. During the same period, housing and services inflation increased by 13.5% and 11.0%, respectively. Prices for water, sewage, waste disposal, and electricity have risen by around 10%. Even food and beverage prices have gone up by 8% since June 2022. Affordability continues to deteriorate. submitted by /u/XGramatik [link] [comments]

A court in Dubai has ruled that salary payments in cryptocurrency are legal

In a dispute over unpaid wages between an employer and a former employee, the court determined that the salary should be paid in the tokens specified in the employment contract. The plaintiff sued his former employer for failing to pay his salary. The employment contract stated that the salary would be paid in fiat currency and partially in EcoWatt tokens. The company did not transfer the cryptocurrency portion for six months, prompting the employee to take legal action. In 2023, the court acknowledged the inclusion of EcoWatt tokens in the contract but did not enforce the payment. In 2024, the court ruled in favor of the employee and ordered the payment to be made in cryptocurrency without conversion to fiat. submitted by /u/FXgram_ [link] [comments]

Report: hacking losses rise to $1.58bn in the first half of 2024.

Experts have prepared a report with a detailed analysis of cybercrime in the crypto industry. According to Chainalysis, hackers stole $1.58bn in the first half of 2024. Analysts have warned of an increase in the use of ransomware and the average amount of funds stolen as a result of a hacker attack. https://preview.redd.it/19eplsn1s2jd1.png?width=719&format=png&auto=webp&s=efa3d8947d6cd26ecdad12c2095f22d54c0cda3b submitted by /u/Lor1al [link] [comments]

Historically, the unemployment rate increases by 0.5–1.0 percentage points within the first four months of the onset of a recession. Will the rise in unemployment in the U.S. accelerate?

https://preview.redd.it/rbgnx1q023jd1.jpg?width=818&format=pjpg&auto=webp&s=91718abaefdbb56bbb7aeb89242339bd806c33f5 In this cycle, the unemployment rate has risen by 0.5 percentage points over the past 4 months, reaching 4.3% in July, the highest level since October 2021. History shows that if a moderate recession occurs, the unemployment rate could exceed 6% by the end of 2025. The unemployment rate has already surpassed the 36-month moving average for the first time in 4 years. Every time this has happened in the past, a spike in unemployment followed. submitted by /u/FXgram_ [link] [comments]