US Economy

‘Inflation Reduction Act’ Spending May Hinder Lowering Inflation

TL/DR - Larry Fink, the CEO of BlackRock, has stated it will be difficult to reach 2% inflation, primarily due to the trillion dollars of fiscal stimulus in the CHIPS Act, the Infrastructure Act, and the IRA. He believes 2% is a difficult number due to restructured economic policy and poor immigration policies. He also pointed out that service…
Arizona

Rising Health Disparity: Limited Rural Access Intensifies Gap

TL/DR - The mortality rate for people aged 25 to 54 living in rural areas is increasing compared to their urban peers, according to a recent report by the Department of Agriculture’s Economic Research Service. The gap in natural-cause mortality rates between urban and rural residents has grown from 6% in 1999 to 43% in 2019, largely driven by a…
US Economy

Will the Inflation Reduction Act Affect Audit Likelihood?

TL/DR - The Inflation Reduction Act aims to provide the IRS with nearly $80 billion over a decade, of which $45.6 billion will go towards tax enforcement activities like hiring agents, legal support, and investing in technology. The investment could facilitate the hiring of nearly 87,000 new employees by 2031. Critics argue that increased…
Michigan

GRCC Appoints Sheila Jones as New Provost

TL/DR - Dr. Sheila Jones has been appointed as the new Provost and Executive Vice President for Academic and Student Affairs at Grand Rapids Community College (GRCC), ending a 15-month search for the position. Jones, who has been serving as the Interim Provost since August 2023, was chosen over other finalists including Dr. Micheal Pullin and…