China’s economy is going through some of the same growing pains that Japan once experienced: lower consumer spending, overbuilding on homes and offices, local government debt that runs into the trillions of dollars, and high unemployment among young people.
The average annual cost of childcare for a child under 6 is $10,600, which comes to just over $200 per week. That’s for one kid. For two, the cost is more than the average monthly mortgage payments in 44 states and the District of Columbia.
Gov. Glenn Youngkin, trying to position himself for what will be a doomed bid at the 2024 Republican presidential nomination, is trying to walk a fine line on touting jobs numbers.
The Portable Benefits for Independent Workers Pilot Program Act was reintroduced in the Senate today by Virginia’s Sen. Mark R. Warner.
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