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Despite Tumultuous Stock Market, Some Economists Say Inflation Threat Is Exaggerated

The economic expansion has come with high corporate profits, but barely any wage growth. Now, markets are in a tizzy over a a recent bump up in wages. But Germany has an even tighter job market without higher inflation, and one measure of job market tightness — the number of people who quit jobs to take new ones — remains low.

Concerns Rise As Missouri's Legislature Is Struggling To Fund Basic Services

In Missouri, the state's embattled governor and GOP legislature are struggling to fund basic services, such as roads, higher education institutions, and health care for disabled. Even some Republicans are worried that the state is following a path that Kansas took earlier in the decade, when the GOP starkly cut taxes — and later had to raise them.