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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

Harvey Weinstein is facing new allegations of sex trafficking and rape.A German actress, using the pseudonym Emma Loman, filed a federal lawsuit in Los Angeles on Monday, alleging that Weinstein raped her during the Cannes Film Festival in 2006. She is suing Weinstein for violation of human trafficking laws, assault, battery and false imprisonment, according to court documents obtained by CNN."Our client brings her claims in an effort to achieve justice for herself, and she hopes that by doing so she can help open the door to justice for the women in her industry who have undergone similar experiences," John G. Balestriere, the attorney handling Loman's claim, said in a statement to CNN. "Mr. Weinstein must answer these allegations and be held accountable for any damage he has caused our client."Phyllis Kupferstein, an attorney representing Weinstein, told CNN in a statement, "This lawsuit is an attempt to continue the legal barrage and public attention on Mr. Weinstein. The allegations are untrue and the claims are barred by the statute of limitations. We intend to immediately move to dismiss the complaint."According to the suit, Loman said she met with Weinstein at his hotel suite in Cannes, France to discuss starring in an upcoming film project he was producing, but he soon started making sexual advances towards her."Upon arriving at Weinstein's suite, however, Weinstein quickly dropped his professional demeanor," the suit states. "He instead overpowered Loman and raped her. Shocked and betrayed, Loman did not know what to do. Furthering Loman's disorientation, Weinstein proceeded to treat the rape like a standard component of their business, as if the professional discussion he offered Loman had actually taken place."Related: Harvey Weinstein seeks dismissal of indictment due to emails between him and accuserLoman also claims that Weinstein threatened her not to speak of the assault.This is the second sex trafficking case filed against Weinstein.Last week, a federal judge in New York ruled that British actress Kadian Noble can move forward with her sex trafficking lawsuit against the disgraced media mogul.Noble accuses Weinstein of sexually assaulting her in a hotel bathroom in Cannes, France in 2014 after luring her with talk of a potential movie role.Noble filed suit in November against Harvey Weinstein and his brother and then-business partner Bob Weinstein.US District Court Judge Robert W. Sweet granted Bob Weinstein's motion for dismissal but denied one from Harvey Weinstein.The judge wrote it would be the first instance in which a plaintiff asked for the Trafficking Victims Protections Act to be applied to conduct like that alleged in the lawsuit.Weinstein's lawyer said the act should not be applied."A typical sex trafficking case is someone who lures underage girls on the promise of a green card and locking them up in a basement and forcing them to have sex for money," Kupferstein said in a statement at the time.Weinstein, who also is facing criminal charges in New York, has denied all allegations of "non-consensual sexual activity."Weinstein has pleaded not guilty to six felony sex crimes -- two counts of predatory sexual assault, two counts of rape, one first-degree criminal sex act charge and one criminal sex act.Related: Sex trafficking lawsuit against Harvey Weinstein can proceed, judge rulesThe charges stem from allegations from three women, according to court documents. Weinstein remains free after posting million cash bail.The charges against Weinstein came nine months after The New Yorker and The New York Times published accounts from several women accusing him of various forms of sexual misconduct.In a recent interview with CNN, Ben Brafman, Weinstein's New York criminal attorney, said it would be "difficult but not impossible" to seat an impartial jury should Weinstein's case move forward to trial."I hope to find 12 people in Manhattan who may have heard a lot of the allegations against Mr. Weinstein but will give the court their sworn assurances that they will decide this case based on the evidence that comes into the courtroom and not on what they made have read, or what they may have heard," Brafman said. "I think part of what we're trying to suggest in these motions to dismiss is that contrary to what people may have read and may have heard, there is another side here."CNN's Cheri Mossburg and Judy Oehling contribute to this report.The-CNN-Wire 4463

HIGHLAND, Calif. (AP) — Southern California authorities say a man who came to the rescue of people in a burning mobile home was found dead in the wreckage.The fire erupted early Saturday morning in the Highland area of San Bernardino County.Cal Fire says arriving firefighters found four occupants had been evacuated from the mobile home but the rescuer perished.The county coroner's office says the body was found in the debris after the flames were extinguished.The coroner's office did not immediately identify the victim, but family members told KTLA-TV he was 25-year-old Albert Madrid.His sister, Melissa Enriquez, says her brother chose to go in and help, and she hopes he is remembered for that. 711

GREENCASTLE Ind. -- After students at DePauw University used her event as a place to protest recent racial discrimination on their campus, Jenna Fischer has promised to donate all the money she made from the event to groups fighting discrimination. Fischer shared a message on Twitter Wednesday saying she was "shocked and upset" to hear the things that were happening on the DePauw campus. WATCH | Protesters interrupt DePauw?president during press?conference"I could feel the pain, sadness, and fear coming from these students," Fischer wrote. "No student should feel at risk, or have to suffer the kinds of bigotry and hate these students have encountered. These students need to be heard and they need change." 738

General Electric is looking to get out of the coal business.On Monday, the company announced that it won't be building any new coal-fueled power plants as they continue to "focus on and invest in its core renewable energy and power generation businesses.""With the continued transformation of GE, we are focused on power generation businesses that have attractive economics and a growth trajectory," Russell Stokes, GE Senior Vice President and President & CEO of GE Power Portfolio said in the news release. "As we pursue this exit from the new build coal power market, we will continue to support our customers, helping them to keep their existing plants running in a cost-effective and efficient way with best-in-class technology and service expertise."The company said the move could potentially lead to site closing, layoffs, and appropriate considerations for publicly held subsidiaries.GE says they aren't cutting off coal ties entirely as they service existing plants and build turbines for nuclear power plants. 1032

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