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From housing to food to health care, everything is getting more expensive while wages stay mostly stagnant. It’s part of a phenomenon called inflation and it has a direct impact on each of us.As the old cliché goes, ‘a dollar doesn’t get you what it used to.’ That saying helps explain the role inflation plays in the economy.Inflation happens when general prices go up, relative to supply. It causes a noticeable and continuous decline in buying power.It’s easy to confuse inflation with general market forces. Like, when kale prices go up because of fad-driven demand or when sweater prices increase just before winter.A small amount of inflation is supposed to help the economy by encouraging spending and investment. But too much of it could send the economy into a spiral. For that reason, the Federal Reserve takes different actions meant to keep inflation rates in check.Inflation isn’t an obscure technical financial term found in college textbooks. It directly affects everyone who participates in the economy.Let’s say a person decided to save in 1970 for use 50 years in the future. Back then, then money could buy about 17 dozen eggs, 28 gallons of gas, or one pair of Wrangler Jeans.But in 2020, the saved money doesn’t go as far.According to the Bureau of Labor Statistics, in 2020 can buy about seven dozen eggs, four gallons of gas, or a half-pair of Wranglers.Inflation gets a bad rap. Everyone would like to buy nice things for cheap. But economists say that’s just not how it works. When prices fall, in general, incomes also have to fall.Think of it as a cycle: a consumer buys from a business. If prices are lower, the business makes less money. That means wages have to drop, giving workers less money to spend as consumers. 1762
HONG KONG (AP) — Walmart said Thursday it may join Microsoft to buy the U.S. business of TikTok, the popular Chinese-owned video app that has come under fire from the Trump administration.Microsoft did not immediately respond to a request for comment Thursday.TikTok, through its fun, goofy videos, has gained hundreds of millions of users globally.However, the U.S. is pushing its Chinese owner to sell the U.S. business if it wants to keep operating in the country.Walmart said in a statement that a partnership with Microsoft and TikTok could help it expand its advertising business and reach more shoppers. 618

Here's what's happening in the political world on Saturday, March 31, 2018:Trump attacks CA Gov. 'Moonbeam' Brown, Amazon in Twitter rant-- President Donald Trump slammed California Gov. Jerry Brown and Amazon Saturday morning, in a Twitter rant ranging from immigration to the U.S. Postal Service.President Trump went after Amazon first, claiming the online giant is scamming the U.S. Postal Service: 419
Good people of America, the dream is still alive.There was no winner in Tuesday's Mega Millions lottery drawing.That means the jackpot for Friday's drawing is now at least 0 million or a cash lump sum of 3 million, as of Wednesday afternoon. It will be the largest jackpot in the game's history and the second largest in the US lottery jackpot history.The Mega Millions jackpot beat its own record once again after no ticket matched all the six numbers in the drawing Tuesday night. The winning numbers on Tuesday were 69, 45, 61, 3, 49, and the Mega Ball was 9. 576
Google denied President Donald Trump's claim on Wednesday that the search engine promoted President Barack Obama's State of the Union addresses but not his own annual address in January.Trump tweeted a video Wednesday on Twitter that read: "For years, Google promoted President Obama's State of the Union on its homepage. When President Trump took office, Google stopped." It shows the site's homepage on the dates of presidential speeches from 2012 through 2018, highlighting the section of the page where a link would be posted to a YouTube livestream of the speeches.In the video, the links to all of Obama's State of the Union addresses are shown but there are no links to Trump's first address to Congress in February 2017 or his State of the Union address last January. Trump added the hashtag, "#StopTheBias." 824
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