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Inflation rose to 2.2% in producer price index in April in bad news for the Fed

Inflation, as measured by the producer price index, rose to 2.2% for the year ending in April, the Bureau of Economic Analysis reported on Tuesday. April marks the third straight rise in the headline inflation rate, the opposite of the trend sought by the Federal Reserve and a warning sign for President Joe Biden. Most economists had forecast annual inflation would […]

Roger Corman, Influential Producer and King of the B Movie, Dies at 98

LOS ANGELES (AP) – Helped create low-budget classics like “Little Shop of Horrors” and “Attack of the Crab Monsters,” and many of Hollywood’s most famous actors and directors. “King of B” Roger Corman, who provided the work, took an early break and died. He was 98 years old. Mr. Corman died Thursday at his home […]

Nirvana producer Steve Albini, a pioneer of alt rock, dead at 61

Steve Albini, a pioneer of alternative rock and a legendary producer who shaped the world of music through his work with Nirvana, the Pixies, PJ Harvey and more, has died. He was 61 years old. Brian Fox, an engineer at Albini’s studio, Electrical Audio Recording, announced Wednesday that Albini died of a heart attack Tuesday […]

Behind China’s global dominance as an EV producer

China has emerged as the leading global producer of electric vehicles, shocking others in the field. The reason for this surprise success was long-term investment from the Chinese Communist Party, which took a gamble in the early 2000s. With the help of generous government subsidies, the eschewing of regulations, and a fair bit of luck, […]