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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

Here's what's happening in the world of politics Saturday, April 21, 2018.WaPo: Sessions threatened to resign if Rosenstein was fired-- Attorney General Jeff Sessions reportedly threatened to resign if President Trump fired Deputy Attorney General Rod Rosenstein, who oversees the Russia probe.Sessions reportedly told the White House he would have considered leaving if Trump had fired Rosenstein, though another source told the Post, that the comment was less a threat and more an attempt to convey his difficult position.CNN reported this month that the White House was preparing an effort to undermine Rosenstein.Read more. 665

From coast to coast we found hundreds of people sharing similar stories.Men, women and children all spoke of scalp sores, bald spots and hair falling out in clumps.Jessica Deets said her hair started falling out at an alarming rate two months after she began shampooing with Monat. She also estimates her daughter lost most of her hair after using Monat's children's line. Jessica showed us the clumps she says she found in little girl’s crib. 451

Hillary Clinton told CNN on Wednesday that it is time to abolish the Electoral College, part of a sweeping interview where the former Democratic nominee sought to explain why she lost the 2016 election.Clinton, in the interview with CNN's Anderson Cooper, displayed her animus for fired FBI Director James Comey, reflected on her love for the people -- namely former President Bill Clinton -- who helped her get through the crushing loss and blasted the arcane election body that she believes helped Donald Trump win the presidency. 540

Hours after a chaotic presidential debate, Democratic presidential nominee Joe Biden embarked on a train tour through northeast Ohio and western Pennsylvania on Wednesday.Biden made seven stops in towns and cities throughout the region. He delivered an address in Cleveland at about 10 a.m. ET upon his departure and his tour concluded in Greensburg, Pennsylvania, east of Pittsburgh.During several terms as a Delaware senator and throughout his time as Vice President, Biden became known for commuting back and forth between Washington and his home in Wilmington, Delaware via an Amtrak train, earning him the nickname "Amtrak Joe."On Tuesday evening, Biden and President Donald Trump traded political barbs and personal insults in a messy presidential debate. Trump often interrupted both Biden and moderator Chris Wallace, preventing either candidate from fully expressing their campaign positions.Recent national polls show Biden still holds a lead over Trump a month out from the election. However, Biden will need a strong showing in Pennsylvania — a state that went to Trump in the 2016 election. Polls show that Biden has a small lead in the Keystone State and that Ohio is currently a toss-up race. 1215