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Phoenix saw 9.7% inflation in 2021, outstripping national rate of 7%

Consumer prices rose by an average of 7% in U.S. cities last year, the steepest rise in decades, and they grew even faster in the Phoenix metro area, according to new data from the Bureau of Labor Statistics.... Read more»

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Analysis

Inflation, workforce participation and real wages: 3 key indicators for monitoring the economy in 2022

As the U.S. economy ended 2021 with a lot of uncertainty, three economists highlight inflation, workforce participation and real wages as key indicators they’ll be following closely in the new year to better understand how the economy is doing.... Read more»

Experts skeptical of Mexico plan to stop exporting oil by 2023

Mexico announced plans to end all oil exports by 2023, a bid by to make the country "self-sufficient" and better control the price of gasoline - but experts aren’t as positive that such self-sufficiency would be good for Mexico, and even doubt that such a goal is economically viable. ... Read more»

These real estate and oil tycoons avoided paying taxes for years

While some of the country’s absolute wealthiest people, including Jeff Bezos, Elon Musk and Michael Bloomberg, occasionally sidestep federal income tax entirely, a subset of the ultrarich does it year in and year out.... Read more»

Price jumps prompt pocketbook policies in states

Wages are high, jobs are plentiful and more than a third of states cut taxes in the past year as their revenues soared - yet the highest inflation spike in three decades has many policymakers digging for ways to ease the strain on families’ pocketbooks.... Read more»

To combat sky-high gas, energy prices, U.S. to tap oil reserves

President Joe Biden ordered the release of 50 million barrels of oil from America's emergency stockpile - the Strategic Petroleum Reserve - in response to soaring gas and energy prices, while his administration continues to grapple with historic rates of inflation.... Read more»

Biden blocks energy leases in New Mexico’s Chaco Canyon as Tribal Nations Summit meets

President Joe Biden on Monday said the administration will move to prevent oil and gas development for two decades near Chaco Canyon, an area in northwestern New Mexico that’s culturally significant to the area’s Native American communities and important for biodiversity.... Read more»

Biden calls for 'decade of action' on climate, apologizes for exit from Paris Accord

President Biden, speaking at the United Nations climate conference in Glasgow, urged the international community to transition to clean energy and curb greenhouse gas emissions, and also apologized for his predecessor exiting the Paris Climate Accord. ... Read more»

45% of Americans don’t believe humans cause climate change, poll shows

Nearly half of Americans still don’t think climate change is caused by human activities, but Democrats were far less likely than Republicans to hold those views, a new VICE News and Guardian poll has found. ... Read more»

Analysis

Biden calls for expansion of offshore wind – here’s how officials decide where turbines may go

University of Massachusetts Boston scholar David W. Cash, who worked at senior levels in state government for a decade, describes how the Department of the Interior will implement the Biden administration's ambitious plans to scale up leasing for offshore wind energy projects.... Read more»

Arizona projects get sizeable cut of Great American Outdoors Act funds

Arizona projects got $110 million last year and will get another $159 million in the fiscal year that started this month, or more than 9% of all funding nationally under the Great American Outdoors Act for those two years. ... Read more»

How the House reconciliation bill scraps Resolution Copper mine in Oak Flat

Proposals targeting specific areas for conservation in Arizona, Colorado, New Mexico and federal waters off Louisiana's coast made their way into the gigantic budget reconciliation bill that Democrats are moving through Congress.... Read more»

Analysis

Biden’s proposed tenfold increase in solar power would remake the U.S. electricity system

President Biden called for major clean energy investments as a way to curb climate change and generate jobs after the White House released a report that found that solar power could generate up to 45% of the U.S. electricity supply by 2050, compared to less than 4% today. ... Read more»

Big oil’s 'wokewashing' is the new climate science denialism

By downplaying the urgency of the climate crisis, the fossil fuel industry has new tools to delay efforts to curb fossil fuel emissions - and worse yet: even industry critics haven’t fully caught up to this new approach.... Read more»

House Democrats kick off reconciliation process with $30 billion Interior bill

The House Natural Resources Committee inched toward approval of a $30 billion bill to fund climate, tribal and environmental programs, marking the first time a committee considered any piece of the $3.5 trillion plan meant to change U.S. health, climate, education and tax policy. ... Read more»

New Mexico drilling permits skyrocketed under Trump, state’s climate future at risk

Over the past four years, oil and gas producers have applied for more than 10,000 permits to drill for oil and gas on federal land in New Mexico - a drastic increase that comes at a time when climate science shows that new drilling and production should be winding down. ... Read more»

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