Worker Pay in U.S. Climbed at Faster Pace in Third Quarter

Washington — Wages and salaries rose in the third quarter at a faster pace as the U.S. labor market continued to make progress. The 0.6 percent advance followed a 0.2 percent increase in the previous quarter that was the smallest in data going back to 1982, a Labor Department report showed Friday. The employment cost index, which also includes benefits, also rose 0.6 percent, matching the median forecast in a Bloomberg survey....

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Americans Are Spending More and More on Rental Housing

Washington — The affordable housing crisis many renters face today in the U.S. feels like a product of this particular moment. The homeownership rate has tumbled since the housing bubble, pushing more and more people into rentals. Thanks to the recession, new construction hasn’t kept pace with population growth. The weak economy has meanwhile made it hard for families to cover their rent. To top it off, more people are moving to...

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Tuk Tuk’s Dream Comes True
Jun28

Tuk Tuk’s Dream Comes True

Hanover — There’s a word beyond language — call it a useful noise — that stretches across disparate regions of the globe. Whether it be in Cairo, Bangkok, Phnom Penh or Guatemala City, a stranded traveler need only extend a hand and shout, “Tuk-tuk!” And to answer that call, evoking the putt-putt of a diminutive engine, a taxi little more than a covered motorcycle will appear to carry that person away. With the opening last month of...

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