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2021-09-06
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Central Bankers Are Right: This Is Not Your Father’s Inflation
Smurfblue
2021-09-06
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抱歉，原内容已删除
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2021-09-06
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Lyft, Uber promise to cover legal fees for drivers targeted under Texas abortion law
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19:33","market":"us","language":"en","title":"Central Bankers Are Right: This Is Not Your Father’s Inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1129901566","media":"Barron's","summary":"Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and the","content":"<p>Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. </p>\n<p>A weak jobs report in the U.S. last week has cooled off talks about tapering — the phasing out of the Federal Reserve’s bond buying program. </p>\n<p>And even if inflation in the eurozone has now reached a decade-high annual 3%, the European Central Bank will continue its pandemic-specific program until its scheduled end in March next year. And beyond that, it will keep buying bonds under the regular asset-purchase program it launched in 2014 to help it meet its inflation target.</p>\n<p>The debate about tapering has never been about whether or not it will happen — it will, and it should, since central banks must shrink their massive balance sheets if they want to be able to meet future major crises with the type of efficiency they demonstrated when faced with the coronavirus pandemic. The immediate question is rather whether or not they should speed up the phasing out of quantitative easing because of the supposed return of inflation.</p>\n<p>A string of surveys of business managers released last week showed that inflation isn’t only due to oil prices catching up after historic lows last year, or some goods becoming more expensive because consumers are finally spending the money they were forced to save during the many lockdowns of the past 18 months.</p>\n<p>Cost inflation is now putting pressure on businesses, and they in turn have to choose whether they pass it on to their customers, or compress their margins by putting a priority on preserving market shares.</p>\n<p>A slow spread of inflation throughout the economy could then contribute to make it more pervasive, and push price expectations for the future even higher among both businesses and consumers, who might in turn seek higher wages.</p>\n<p>But is that a credible threat? Catherine Mann, the former Citibank chief economist who is now a member of the Bank of England’s Monetary Policy Committee, cautioned Monday that we should not look at the current inflation through the eyes of the traumatized generation that endured the double-digit inflation of the 1970s.</p>\n<p>Today is different, Mann explained, in part because wages and prices were more closely indexed to each other back then, and because labor markets and wages were more tightly interrelated.</p>\n<p>Furthermore, she added, companies today are more reluctant to pass on cost inflation to their customers and clients.</p>\n<p>But how long will businesses hold? Europe and the U.S. may diverge here. 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Both can find good reasons in the latest numbers or surveys to continue their bond purchases for now.</p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Central Bankers Are Right: This Is Not Your Father’s Inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCentral Bankers Are Right: This Is Not Your Father’s Inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 19:33 GMT+8 <a href=https://www.barrons.com/articles/central-bankers-are-right-this-is-not-your-fathers-inflation-51630926432?siteid=yhoof2><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. \nA weak jobs report in the U.S. last week has cooled off talks ...</p>\n\n<a href=\"https://www.barrons.com/articles/central-bankers-are-right-this-is-not-your-fathers-inflation-51630926432?siteid=yhoof2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.barrons.com/articles/central-bankers-are-right-this-is-not-your-fathers-inflation-51630926432?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129901566","content_text":"Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. \nA weak jobs report in the U.S. last week has cooled off talks about tapering — the phasing out of the Federal Reserve’s bond buying program. \nAnd even if inflation in the eurozone has now reached a decade-high annual 3%, the European Central Bank will continue its pandemic-specific program until its scheduled end in March next year. And beyond that, it will keep buying bonds under the regular asset-purchase program it launched in 2014 to help it meet its inflation target.\nThe debate about tapering has never been about whether or not it will happen — it will, and it should, since central banks must shrink their massive balance sheets if they want to be able to meet future major crises with the type of efficiency they demonstrated when faced with the coronavirus pandemic. The immediate question is rather whether or not they should speed up the phasing out of quantitative easing because of the supposed return of inflation.\nA string of surveys of business managers released last week showed that inflation isn’t only due to oil prices catching up after historic lows last year, or some goods becoming more expensive because consumers are finally spending the money they were forced to save during the many lockdowns of the past 18 months.\nCost inflation is now putting pressure on businesses, and they in turn have to choose whether they pass it on to their customers, or compress their margins by putting a priority on preserving market shares.\nA slow spread of inflation throughout the economy could then contribute to make it more pervasive, and push price expectations for the future even higher among both businesses and consumers, who might in turn seek higher wages.\nBut is that a credible threat? Catherine Mann, the former Citibank chief economist who is now a member of the Bank of England’s Monetary Policy Committee, cautioned Monday that we should not look at the current inflation through the eyes of the traumatized generation that endured the double-digit inflation of the 1970s.\nToday is different, Mann explained, in part because wages and prices were more closely indexed to each other back then, and because labor markets and wages were more tightly interrelated.\nFurthermore, she added, companies today are more reluctant to pass on cost inflation to their customers and clients.\nBut how long will businesses hold? Europe and the U.S. may diverge here. According to IHS Markit ‘s most recent Purchasing Managers Index, the pace of inflation cost is at a record high in U.S. manufacturing, and “favorable demand conditions allowed finished goods prices to also rise at an unprecedented rate, as firms sought to protect their margins,” noted IHS chief economist Siân Jones last week. In the eurozone, on the other hand, IHS Markit noted “a slight cooling of input cost inflation.”\nTo “promote effectively the goal of maximum employment” is the first aim assigned to the Fed under its mandate from Congress, whereas the ECB’s sole remit is to achieve stable prices — which it has defined as an annual inflation of 2%. Both can find good reasons in the latest numbers or surveys to continue their bond purchases for now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814469464,"gmtCreate":1630869398758,"gmtModify":1630892816295,"author":{"id":"4093315018832540","authorId":"4093315018832540","name":"Smurfblue","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4093315018832540","authorIdStr":"4093315018832540"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/814469464","repostId":"2164803413","repostType":4,"isVote":1,"tweetType":1,"viewCount":512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814469275,"gmtCreate":1630869348197,"gmtModify":1630892813695,"author":{"id":"4093315018832540","authorId":"4093315018832540","name":"Smurfblue","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4093315018832540","authorIdStr":"4093315018832540"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/814469275","repostId":"2164803413","repostType":4,"repost":{"id":"2164803413","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1630703820,"share":"https://www.laohu8.com/m/news/2164803413?lang=&edition=full","pubTime":"2021-09-04 05:17","market":"hk","language":"en","title":"Lyft, Uber promise to cover legal fees for drivers targeted under Texas abortion law","url":"https://stock-news.laohu8.com/highlight/detail?id=2164803413","media":"Dow Jones","summary":"Lyft CEO establishes a legal-defense fund and pledges $1 million to Planned Parenthood, Uber CEO twe","content":"<blockquote>\n <b>Lyft CEO establishes a legal-defense fund and pledges $1 million to Planned Parenthood, Uber CEO tweets 'Team Uber is in too and will cover legal fees in the same way'.</b>\n</blockquote>\n<p>Lyft Inc. executives plan to create a legal-defense fund for drivers in response to a Texas law that severely restricts abortions, and rival Uber Technologies Inc. is doing the same.</p>\n<p>Lyft <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> CEO Logan Green made the announcement on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> on Friday, adding that the ride-hailing company would also donate $1 million to Planned Parenthood.</p>\n<p>Less than two hours later, the CEO of Lyft competitor Uber Technologies Inc. <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a>, Dara Khosrowshahi, responded to Green's tweet and said his rival company would also cover legal fees.</p>\n<p>In a blog post, Lyft's cofounders and general counsel wrote that the company has created a legal-defense fund for drivers to cover 100% of their legal fees if they are sued under S.B. 8, the Texas law that the Supreme Court recently declined to block, and prohibits abortions once cardiac activity can be detected, about six weeks into a pregnancy.</p>\n<p>Under the Texas law, private citizens can sue anyone who \"aids or abets\" an abortion that is performed after the six-week gestation period, potentially putting not just Lyft drivers, but any driver, at risk of a lawsuit for transporting a person to an abortion procedure.</p>\n<p>\"We want to be clear: Drivers are never responsible for monitoring where their riders go or why,\" the blog post reads. \"Imagine being a driver and not knowing if you are breaking the law by giving someone a ride.\"</p>\n<p>\"Similarly, riders never have to justify, or even share, where they are going and why. Imagine being a pregnant woman trying to get to a healthcare appointment and not knowing if your driver will cancel on you for fear of breaking a law. Both are completely unacceptable.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lyft, Uber promise to cover legal fees for drivers targeted under Texas abortion law</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLyft, Uber promise to cover legal fees for drivers targeted under Texas abortion law\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-09-04 05:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n <b>Lyft CEO establishes a legal-defense fund and pledges $1 million to Planned Parenthood, Uber CEO tweets 'Team Uber is in too and will cover legal fees in the same way'.</b>\n</blockquote>\n<p>Lyft Inc. executives plan to create a legal-defense fund for drivers in response to a Texas law that severely restricts abortions, and rival Uber Technologies Inc. is doing the same.</p>\n<p>Lyft <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a> CEO Logan Green made the announcement on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> on Friday, adding that the ride-hailing company would also donate $1 million to Planned Parenthood.</p>\n<p>Less than two hours later, the CEO of Lyft competitor Uber Technologies Inc. <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a>, Dara Khosrowshahi, responded to Green's tweet and said his rival company would also cover legal fees.</p>\n<p>In a blog post, Lyft's cofounders and general counsel wrote that the company has created a legal-defense fund for drivers to cover 100% of their legal fees if they are sued under S.B. 8, the Texas law that the Supreme Court recently declined to block, and prohibits abortions once cardiac activity can be detected, about six weeks into a pregnancy.</p>\n<p>Under the Texas law, private citizens can sue anyone who \"aids or abets\" an abortion that is performed after the six-week gestation period, potentially putting not just Lyft drivers, but any driver, at risk of a lawsuit for transporting a person to an abortion procedure.</p>\n<p>\"We want to be clear: Drivers are never responsible for monitoring where their riders go or why,\" the blog post reads. \"Imagine being a driver and not knowing if you are breaking the law by giving someone a ride.\"</p>\n<p>\"Similarly, riders never have to justify, or even share, where they are going and why. Imagine being a pregnant woman trying to get to a healthcare appointment and not knowing if your driver will cancel on you for fear of breaking a law. Both are completely unacceptable.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","LYFT":"Lyft, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164803413","content_text":"Lyft CEO establishes a legal-defense fund and pledges $1 million to Planned Parenthood, Uber CEO tweets 'Team Uber is in too and will cover legal fees in the same way'.\n\nLyft Inc. executives plan to create a legal-defense fund for drivers in response to a Texas law that severely restricts abortions, and rival Uber Technologies Inc. is doing the same.\nLyft $(LYFT)$ CEO Logan Green made the announcement on Twitter on Friday, adding that the ride-hailing company would also donate $1 million to Planned Parenthood.\nLess than two hours later, the CEO of Lyft competitor Uber Technologies Inc. $(UBER)$, Dara Khosrowshahi, responded to Green's tweet and said his rival company would also cover legal fees.\nIn a blog post, Lyft's cofounders and general counsel wrote that the company has created a legal-defense fund for drivers to cover 100% of their legal fees if they are sued under S.B. 8, the Texas law that the Supreme Court recently declined to block, and prohibits abortions once cardiac activity can be detected, about six weeks into a pregnancy.\nUnder the Texas law, private citizens can sue anyone who \"aids or abets\" an abortion that is performed after the six-week gestation period, potentially putting not just Lyft drivers, but any driver, at risk of a lawsuit for transporting a person to an abortion procedure.\n\"We want to be clear: Drivers are never responsible for monitoring where their riders go or why,\" the blog post reads. \"Imagine being a driver and not knowing if you are breaking the law by giving someone a ride.\"\n\"Similarly, riders never have to justify, or even share, where they are going and why. Imagine being a pregnant woman trying to get to a healthcare appointment and not knowing if your driver will cancel on you for fear of breaking a law. Both are completely unacceptable.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":817603958,"gmtCreate":1630936919374,"gmtModify":1630937250082,"author":{"id":"4093315018832540","authorId":"4093315018832540","name":"Smurfblue","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4093315018832540","idStr":"4093315018832540"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/817603958","repostId":"1129901566","repostType":4,"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814469464,"gmtCreate":1630869398758,"gmtModify":1630892816295,"author":{"id":"4093315018832540","authorId":"4093315018832540","name":"Smurfblue","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4093315018832540","idStr":"4093315018832540"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/814469464","repostId":"2164803413","repostType":4,"isVote":1,"tweetType":1,"viewCount":512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814469275,"gmtCreate":1630869348197,"gmtModify":1630892813695,"author":{"id":"4093315018832540","authorId":"4093315018832540","name":"Smurfblue","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4093315018832540","idStr":"4093315018832540"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/814469275","repostId":"2164803413","repostType":4,"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
