Moving and Retirement

Republican political leaders are blaming Democratic President Joe Biden for accelerating inflation. But Jerome Powell, chairman of the US Federal Reserve Board, was appointed by Republican President Donald Trump — and the Fed says inflation will not be a long-term problem. Those numbers suggest that inflationary pressures are modest. Other dynamics, however, are unprecedented, reflecting deeper changes in the economy that may have accelerated with the pandemic. But at UC Berkeley, high-level economists are offering some calming advice: A measure of inflation is inevitable as the US economy comes back online, but it will likely be modest. And it will almost certainly blow over as the economy stabilizes. more »

Of the 912,000 single-family homes completed in 2020: 870,000 had air-conditioning. 90,000 had two bedrooms or less and 401,000 had four bedrooms or more. 29,000 had one and one-half bathrooms or less and 309,000 homes had three or more bathrooms. 353,000 had a heat pump. Of these, 344,000 were air-source and 9,000 were ground-source. 831,000 were framed in wood and 75,000 were framed using concrete. 306,000 had a patio and a porch, while 71,000 had no outdoor features. The median size of a completed single-family house was 2,261 square feet.  more »

Jo Freeman Reviews: Mazie Hirono's first four years in the Senate were relatively uneventful, as she dug down and learned the job. When Trump became President, Hirono pulled out her sword. His acts, appointments and words represented everything she disliked. There’s a lot on the Kavanaugh hearings where, as a member of the Senate Judiciary Committee, she questioned Kavanaugh about his alleged sexual assaults. There’s also a lot on immigration (one of her pet issues) and the “Chinese virus.” Hirono’s political career coincided with the rise of political women from bit players to major leaguers. Her stories illustrate the forward steps as well as the backward ones. This book is a tribute to success, both hers and that of other women. more »

"Technology is driving dramatic change in the US payments system, which is a vital infrastructure that touches everyone. The pandemic accelerated the migration to contactless transactions and highlighted the importance of access to safe, timely, and low-cost payments for all. With technology platforms introducing digital private money into the US payments system, and foreign authorities exploring the potential for central bank digital currencies (CBDCs) in cross-border payments, the Federal Reserve is stepping up its research and public engagement on CBDCs. more »