power

Big tax rises are expected to help the government contain rising debts, but they could reduce household spending power and ensure an earlier return to target for inflation.

Southern California Edison has cut power to hundreds of thousands of its customers this year, more than ever before, as it attempts to stop its electric lines from sparking wildfires.

“Fingers bruised from lifting boxes on the warehouse floor, palms calloused from delivery bike handlebars, knuckles scarred with kitchen burns: These are not hands that have been allowed to hold power,” he said.

The framers gave legislators the power of the purse to ensure the president couldn’t acquire the dictatorial powers of a king.

“The market shrugged off concerns that lower-than-expected wind power generation would boost demand for natural gas, instead focusing on the rising availability of supply,” ANZ analysts say.