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Iran and Oman edge toward temporary Strait of Hormuz reopening plan, but Tehran insists U.S. lift blockade

Long lines formed at gas stations in Tehran Tuesday after the United States announced fresh sanctions aimed at pressuring Iran into submission. Washington has turned to pulling economic levers six months into a war on Iran that has ground to a stalemate militarily, with peace talks stalled and most traffic through the crucial Strait of…

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Pandemic-era inflation left millions of workers with a lasting pay cut. Now it’s happening again.

American workers’ wages are once again failing to keep up with inflation — a painful financial déjà vu of the pandemic years.  The repeat situation may feel even more acute given that many workers are still catching up from the 2021-2022 inflationary bout, when companies gave workers only moderate pay raises that fell short of four-decade-high price…

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CBS News poll on whether Democrats split over socialism, and how Americans see parties in today’s economy

Most Americans believe a free market system is a good thing.  Americans are net-negative on socialism. Capitalism is better-liked. But those ideas aside, right now they say it’s harder now to do things like buy a house, raise a family, and to just feel financially secure than for the last generation. Younger people are especially…

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