If prices keep rising, a nightmare scenario for the US economy is a real possibility

That’s the textbook definition of stagflation, and it would be the worst nightmare for consumers, investors and the Federal Reserve. Not to mention President Joe Biden and the rest of the Democratic leadership in Washington. Just ask former president Jimmy Carter, who lost to Ronald Reagan in his 1980 re-election bid as the economy suffered from surging gas prices.

Stagflation is a difficult problem to overcome, especially for central bankers at the Fed and around the rest of the world. There are few tools to combat both inflation and a slowdown at the same time. The strongest fix … Read More

Cary rising senior earns perfect score on ACT, national scholarship

CARY, N.C. (WNCN) – Less than 1 percent of all students who take the ACT earn a perfect score – but a rising Cary senior can check the feat off his list.

Rishik Pavani, who will be a senior this fall at Panther Creek High School, earned the top score, 36, on his recent attempt at the curriculum-based achievement exam.

In order to earn a perfect ACT score, a student’s average score in all categories on the exam (excluding the writing portion) must score a composite score of 36. Meaning, Pavani must hit the mark in the English, mathematics, reading

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