HOUSING & WEALTH · SSC NEWS DESK A deflating housing market is testing one of Canada’s strongest economic beliefs: that homeownership can keep household wealth moving even when wages cannot. SSC NEWS DESK | SOCIAL STORYTELLERS COLLECTIVE | JUNE 15, 2026 Reuters reported that Canada’s housing downturn is weakening the household wealth effect even as…
An executive order with no legal teeth is still a political document — and the politics behind it are pointed at 2028. Governor Gavin Newsom signed Executive Order N-6-26 on May 21, directing California state agencies to study AI’s impact on the labor market and develop recommendations on severance standards, unemployment insurance, worker ownership models,…
A healthy labor market is reassuring investors. It may also be keeping mortgages, credit cards, and auto loans more expensive for everyone else. Stronger-than-expected U.S. employment data this week increased market expectations that the Federal Reserve could keep interest rates elevated for longer than many investors had anticipated, according to Reuters. March and April payroll figures were revised…