U.S. inflation rose to 4.2% in May, the highest level in three years, as energy costs tied to the Iran war continued to climb. Core inflation increased 2.9%, while wage growth lagged behind the broader rise in prices.
Posts tagged as “the University of Michigan Institute”
This week, financial markets faced a downturn due to economic instability, exacerbated by federal budget cuts from Elon Musk's DOGE group and the looming threat of tariffs, which have raised concerns about job market health and rising consumer costs. U.S. consumer sentiment dropped to its lowest level in over two years, with the University of Michigan's index falling to 57.9, contrary to economists' expectations of stability. The decline in sentiment is linked to uncertainty over economic policies, with the S&P 500 entering correction territory, highlighting the challenges for consumers and investors.
The Big Ten Conference has suspended Michigan Wolverines head coach Jim Harbaugh for the remainder of the 2023 season due to an investigation into an alleged sign-stealing scheme. The University of Michigan had been found in violation of the Big Ten Sportsmanship Policy, resulting in an unfair competitive advantage. Michigan had warned the Big Ten that suspending Harbaugh would be a mistake, but the conference ultimately decided to move forward with the suspension. The Big Ten has not yet released any further details about the investigation or the disciplinary action.
A new study published in Health Affairs has revealed that child and adolescent survivors of firearm injuries face significant increases in pain, psychiatric and substance use disorders in the year following their injury. Oronde McClain, a 10-year-old from Philadelphia, is one such survivor, who suffered a shattered skull and long-term physical and psychological trauma. The findings of the study emphasize the need for comprehensive, long-term care for survivors of gun violence.