Economic system

The PaydayNow States that Investing and borrowing are two of the best ways to benefit from low-interest rates.

Low-interest rates are good for borrowers, terrible for savers, and indifferent for income investors. Refinancing loans, selling bonds, and buying property are all ways to take advantage of low-interest rates. When interest rates are low, the best sources of investment income are certificates of deposit, corporate bonds, and real estate investment trusts (REITs). This has […]


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Economic policy

Verité Research Sri Lanka Economic Policy Group Considers Domestic Debt Restructuring

Verité Research Sri Lanka Economic Policy Group recommends domestic debt restructuring as it would benefit the government. In its third research, the Verité Research Sri Lanka Economic Policy Group, presented via analysis by Professor Udara Peiris of USA Oberlin College, explains four ways to restructure the proposed domestic debt. Core […]

Economic system

Column: Véronique de Rugy: Thinking about cooperation in the American economic system (21/10/22)

I recently remembered a profound truth about the free market and the prices that sit at its center. Unfortunately, this truth is often ignored by both critics of the market economy and economists like me. This simple truth is that the price system works thanks and only thanks to a set of institutions that promote […]

Economic system

Are you down on the US economic system? Thinking Cooperation., by Véronique de Rugy

I recently remembered a profound truth about the free market and the prices that sit at its center. Unfortunately, this truth is often ignored by both critics of the market economy and economists like me. This simple truth is that the price system works thanks and only thanks to a set of institutions that promote […]

Economic policy

Kansas Economic Policy Conference to explore economic resilience policies

LAWRENCE — The 2022 Kansas Economic Policy Conference will explore “building a resilient Kansas economy.” Taking place Oct. 27 at the Burge Union on the University of Kansas Lawrence campus with a livestream option, the conference brings together community leaders, policymakers, and subject matter experts to consider timely and relevant issues. “This year’s conference focuses […]

Economic policy

Kansas Economic Policy Conference to explore economic resilience policies

LAWRENCE — The 2022 Kansas Economic Policy Conference will explore “building a resilient Kansas economy.” Taking place Oct. 27 at the Burge Union on the University of Kansas Lawrence campus with a livestream option, the conference brings together community leaders, policymakers, and subject matter experts to consider timely and relevant issues. “This year’s conference focuses […]

Economic system

China, poverty and the global economic system

BEIJING, October 17, 2022 /PRNewswire/ — Robert Walkerwho is an Emeritus Fellow of Green Templeton College, Oxford Universityand a professor at Beijing Normal University, gives his opinion to China Focus. More than 650 million people in the world still live in extreme poverty, the kind that China eradicated in 2021. Although the United Nations has […]

Economic policy

UK unrest should keep Italian economic policy reasonable – officials

WASHINGTON (Reuters) – The market’s sharp negative reaction to Britain’s plans for tax cuts and big new borrowing is likely to be a stern warning to the emerging new Italian government and other EU countries to hold on to responsibility for fiscal policy, senior eurozone officials said. European Union governments now face a dilemma, torn […]

Economic policy

Economics Nobel has lessons for India’s macroeconomic policy thinking

This is a longer version of an article that first appeared on India Cable – a premium newsletter from The Wire & Galileo Ideas – and has been republished here. To subscribe to The India Cable, Click here. Seminal contributions by Ben Bernanke, Douglas W. Diamond and Philip H. Dybvig made in the fondamental research […]

Economic policy

VRA webinar to discuss government economic policy

Date: October 13, 2022 | Author: Sean Keywood A webinar on UK government economic policy is to be hosted by the Vehicle Remarketing Association (VRA). The organization said the event on Nov. 2 would include a reaction to Chancellor Kwasi Kwarteng’s debt reduction plan and the Office for Budgetary Responsibility’s official forecast, both due to […]

Economic policy

Unfunded tax cuts mean UK ‘will need £60bn in spending cuts’ | Economic policy

According to the Institute for Tax Studies. The UK will also struggle to meet the Chancellor’s 2.5% growth target, with economic forecasts from investment bank Citigroup which the IFS uses to back up its analysis showing the UK will have to struggling to grow at more than 0.8% on average over the next five years. […]

Economic policy

Axne and Nunn clash over economic policy and abortion in debate

At the first meeting of candidates for Iowa’s 3rd congressional district on Thursday, challenger Zach Nunn, a Republican, almost immediately steered the conversation to the economy and inflation. US Representative Cindy Axne, the Democratic incumbent, has made an impassioned plea to restore abortion rights at the federal level. “If you’ve been to the grocery store […]

Economic policy

MP for Carlisle backs controversial government economic policy

The MP for Carlisle said he had ‘no personal problem’ with the removal of the cap on bankers’ bonuses. The removal of the ceiling was announced by the Chancellor, Kwasi Kwarteng, in his controversial “mini budget” delivered at the end of September. John Stevenson made the comment when speaking to Kay Burley on Sky News […]

Economic policy

Cyprus Economic Policy Uncertainty Index Hits Record High in April | Stockwatch

The Economic Policy Uncertainty Index (EPU) for Cyprus reached its highest level so far in April 2022, following the Russian invasion of Ukraine last February. The second highest level of UPE was recorded in April 2020, one month after the first confirmed case of COVID-19 in the country, 345.27. According to data published by the […]

Economic system

The statements of two economists prove that our economic system is failing the middle class.

The only reason we tolerate our economic system is that we are indoctrinated by economists to believe that ours is the best option. IT’S NOT! Economists do not open their eyes. Watch Politics Done Right TV here. Many would listen to these two renowned economists talk about Ali Velchi and suppose that our economic system […]

Economic policy

How Residential Schools Fail Indigenous Students

Too often, schools view First Nations students “through a deficit lens” as victims of their own circumstances who need to be “rescued,” O’Bryan said. “The prevailing view…is that they feel like they can make decisions for children and families, which would never be the case if the child had white skin,” she said. “They sometimes […]

Economic policy

Balancing Economic Policy Outcomes for Sustainable Development

Researchers from the University of Manchester have published new research which aims to enable decision makers to identify development options that balance economic, social and environmental objectives. The 2030 Sustainable Development Goals (SDGs) aim to jointly improve economic, social and environmental outcomes for human prosperity and planetary health. However, designing economic policies that support the […]

Economic research

These industries create the most jobs in Detroit | Economic Research Instawork

View of the Detroit skylineAdobe Image Bank Recent changes in the Detroit area labor market have been among the most dramatic in the United States. Once a case study in post-industrial decline and urban decline, the area has been revitalized by a technology-driven renaissance. Major companies like Apple and Amazon have invested in the region, […]

Economic research

Freddie Mac – Mortgage rates continue to climb towards 7%

Freddie Mac Mortgage Rates – September 292022 What happened to mortgage rates this week: Freddie Mac’s fixed rate for a 30-year loan compounded last week’s momentum with another jump, hitting 6.7%. It comes as the 10-year Treasury hit 4% this week, a level not seen since 2008. Investors are worried about the likelihood of an […]

Economic policy

IMF and Moody’s censor UK economic policy

The IMF and ratings agency Moody’s criticized Britain’s new economic strategy as investors braced for more havoc in bond markets, which has already forced the Bank of England (BOE) to promise “meaningful” action. Statements from the IMF and Moody’s overnight have increased pressure on Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, to reassess policy, […]

Economic research

What’s going on with the Boston job market? | Economic Research Instawork

Boston city skylineAdobe Image Bank The Boston area has some of the highest pay rates in the nation for flex workers, earning more than the MIT living wage for single people without children. Demand for flexible working has also risen sharply, with a 21% month-over-month increase for Boston businesses in August. Here we look at […]

Economic policy

Labour’s low-carbon plans look like sensible economic policy | Work

A state-owned energy company, insulation for every UK home, carbon-free electricity by the end of the decade – the Labor conference showed that Keir Starmer puts a low-carbon future firmly at the center of his economic plans. Fundamentally, however, these announcements weren’t just green in intent – they’re primarily aimed at tackling the soaring cost […]

Economic policy

From the US, UK economic policy looks foolish

Artwork by Thomas Kuhlenbeck / Ikon Images Last Friday (September 23), I spent the day trying to explain to my American friends why the UK had embarked on the biggest tax cuts since 1972. What was there to say? As an Englishman in New York, I often find myself elucidating our various eccentricities. Most of […]

Economic policy

ECB vice-president confident Meloni’s win won’t change Italy’s economic policy – ​​EURACTIV.com

Italy will continue on its current economic trajectory despite the fact that far-right Brothers of Italy leader Giorgia Meloni is set to form the new government after Sunday’s election victory, Luis de Guindos said on Monday. Spanish Vice-President of the European Central Bank (ECB). . De Guindos said so during a conference in Madrid on […]

Economic policy

Truss and Kwarteng lead to a change in British economic policy

Truss and Kwarteng are betting on delivering a growth agenda fueled by tax cuts. The Chancellor announced that the 1.25% increase in National Insurance will be canceled from November 6 and that the proposed increase in corporation tax will be canceled as planned. The planned introduction of a new health and social care tax […]

Economic policy

Kwarteng ushers in a ‘new era’ of UK economic policy – one where growth comes first

To share Tax cuts will grab the headlines, but there were plenty of other good policies here Ministers have spoken of growth before, now the policy matches that rhetoric Chancellor knows interest rates aren’t all that matters when it comes to taxation When Boris Johnson became Prime Minister in July 2019, many free-market supporters were […]

Economic policy

The new era of Kwasi Kwarteng economic policy is a major gamble

The new prime minister and his chancellor had promised a big budget statement, but almost any economic watcher – the IfG included – will be shocked at how big and sweeping Kwasi Kwarteng’s ‘mini’ budget was. Promised reversals of National Insurance and corporation tax increases, and trailing stamp duty cuts, have been accompanied by deep […]

Economic study

New Economic Study Shows COVID-19 Has Severely Affected Women’s Financial Security Across Texas

According to a study released today by the Texas Women’s Foundation, Texas women rank last in the country for health insurance, earn less, have more student debt, and have greater housing instability. DALLAS, September 22, 2022 /PRNewswire/ — A new study released today by the Texas Women’s Foundation examines the impact of Covid-19 on women […]

Economic study

New Economic Study Shows COVID-19 Has Severely Affected Women’s Financial Security Across Texas |

According to a study released today by the Texas Women’s Foundation, Texas women rank last in the country for health insurance, earn less, have more student debt, and have greater housing instability. DALLAS, September 22, 2022 /PRNewswire/ — A new study released today by the Texas Women’s Foundation examines the impact of Covid-19 on women […]

Economic research

Unpacking a career in agriculture with help from the USDA Economic Research Service

Published by the USDA Research, Education, and Economics Communication Team in Research and Science Sep 21, 2022 From an early age, Sarah Baskins had an interest in agriculture. That interest accelerated when she became Merced College’s Agricultural Business Student of the Year. While studying for her Bachelor of Science in Agricultural Studies and Economics at […]

Economic research

August existing home sales mark 7th monthly decline

Sales of existing homes in August 2022: What happened this month: Sales of existing houses stabilized more or less in August, following a modest decline in July pending home sales, but still recorded a seventh consecutive month of decline. Existing home sales hit a 4.8 million pace, down 0.4% from July and 19.9% ​​from a […]

Economic policy

Truss foresees a radical change in economic policy

Liz Truss said cutting taxes for wealthy and profitable businesses is not “unfair”, signaling a dramatic shift in economic policy ahead of a growth-focused mini-budget on Friday. Britain’s prime minister has approved plans to cut National Insurance, a policy that will disproportionately help the wealthy, reverse a planned rise in corporation tax and lift the […]

Economic research

SFA launches an economic and commercial research center | Company

NACOGDOCHES — The Rusche College of Business at Stephen F. Austin State University has established the Center for Economics and Business Research. Housed in SFA’s Department of Economics and Finance, the nonprofit center offers data analytics, market research, and economic impact analysis to the community while providing real-world training for SFA students, depending on the […]

Economic policy

President Ruto exits blocks with drastic economic policy decisions, orders

By Otieno Otieno Kenyan President William Ruto faces a catch-22 situation in his quest to reverse some of his predecessor Uhuru Kenyatta’s policies to deliver on his campaign promises on the economy to bring down the cost of living. On his first full day in office last Wednesday, President Ruto withdrew the state subsidy on […]

Economic system

Tiktoker receiving $750,000 per post explains why our economic system is doomed.

If we don’t pay people who do things that are necessary for society and continue to flush out posers in cash, the system cannot hold up. $750,000 per post for a Tiktoker? Watch Politics Done Right TV here. Recently, one of our Politics Done Right viewers thought he would mislead me. Unfortunately for him, he […]

Economic policy

Why investing in women is smart economic policy

A growing body of evidence around the world shows that gender diversity is linked to business innovation. An innovative mindset is six times more likely in more equal cultures than in less equal ones. If the innovation mindset in all countries increased by 10%, we could expect an $8 trillion increase in global GDP by […]

Economic system

Cambodia defines strategies for ASEAN in a changing economic system

Cambodia, as the chairman of the Association of Southeast Asian Nations (ASEAN) in 2022, has defined four key strategic axes under the pillar of the ASEAN economic community, while the Economic community building process continued to be hampered by constant changes in regional and global economic and trade architecture, according to Prime Minister Hun Sen. […]

Economic policy

Indian economy: Confident in the quality of economic policy management in India: Jose Vinals, Group Chairman, Standard Chartered

Improved ease of doing business has created a more conducive environment for the private sector in India, and it is very difficult to find a country of this size that is growing at 7%, says Jose Vinals, Group Chairman Standard Chartered Plc. In an interview with Deepshikha Sikarwar, Vinals, who was a financial advisor and […]

Economic policy

Lula could bring in a running mate to lead Brazil’s economic policy, aides say

BRASILIA, Sept 9 (Reuters) – Former Brazilian President Luiz Inacio Lula da Silva could call on his centrist running mate and former rival Geraldo Alckmin to lead economic policy if he wins a third term in October, sources told Reuters four of its senior advisers. Lula’s aides said the leftist leader, who is ahead of […]

Economic research

Stephen F. Austin launches Center for Business and Economics Research | New

As part of its goal to provide expert economic research, analysis, and advisory services to the East Texas region and beyond, Rusche College of Business at Stephen F. Austin established the Center for Business and Economic Research. Housed in SFA’s Department of Economics and Finance, the nonprofit center offers data analytics, market research, and economic […]

Economic research

SFA launches an economic and commercial research center | Local News

NACOGDOCHES — The Rusche College of Business at Stephen F. Austin State University has established the Center for Economics and Business Research. Housed in SFA’s Department of Economics and Finance, the nonprofit center offers data analytics, market research, and economic impact analysis to the community while providing real-world training for SFA students, depending on the […]

Economic system

US Dollar Index, the political and economic system and exports

The current historical story of the market for generations is the political battle of Western governments to continue capitalism or move to an authoritarian system. The US is leading the way with Democrats, Black Rock, Vanguard and State Street and controlling $20 trillion against Republicans and Trump to revert the system back to its capitalist […]

Economic research

SFA launches an economic and commercial research center | New

NACOGDOCHES – As part of its goal to provide expert economic research, analysis, and advisory services to the East Texas region and beyond, Rusche College of Business at Stephen State University F. Austin created the Center for Business and Economic Research. Housed in SFA’s Economics and Finance Department, the nonprofit center offers data analytics, market […]

Economic research

SF Fed Data Explorer – Economic Research

Our interactive tool gives you the ability to explore, analyze and download detailed data for various groups of people in the US labor market. The data comes from responses to the monthly Current Population Survey (CPS). Use the data explorer to dive into the survey results and discover your own insights. Use the Data Explorer […]

Economic policy

The daunting economic challenges facing the UK’s next chancellor | Economic policy

The Chancellor chosen by the new British Prime Minister will face a daunting array of problems upon taking office. Whoever takes the treasury hot seat will find themselves in a position similar to that of Rishi Sunak in March 2020 when the pandemic hit and the economy had to be shut down for several months. […]

Economic policy

China to monitor adoption of economic policy

STRICTLY ENFORCING POLICY Visitors are seen at the annual theme exhibition area of ​​the China National Convention Center during the China International Trade in Services Fair 2022 in Beijing, capital of China, Saturday, Sept. 3, 2022. The State Council, China’s Cabinet, has assigned task forces to some major economic provinces to oversee the local implementation […]

Economic policy

Future Forward with the U.S.-Japan Economic Policy Advisory Committee

United States-Japan Economic Policy Advisory Committee (EPCC) held its first-ever meeting in July, with US Secretary of Commerce Gina Raimondo and US Secretary of State Antony Blinken hosting their Japanese counterparts, then Minister of Economy, Trade and Industry (METI ) Koichi Hagiuda and Foreign Minister Yoshimasa Hayashi in Washington. Their Joint Statement highlighted commonalities in […]

Economic policy

Why Liz Truss’ ‘scramble today’ economic policy will ruin the Tories’ reputation as the party of growth

//= do_shortcode(‘[in-content-square]’) ?> Photo by Liz Truss by Clodagh Kilcoyne/PA Wire. Andrew Potts Much of the Conservative leadership campaign has seen candidates vying for the most Thatcherite. It was understandable on some levels. As Britain faces high inflation, low productivity, rising interest rates, uncertain fuel supplies and spreading labor strikes, invoking the image of a […]

Economic policy

Turkey’s heterodox economic policy needs more foreign funding – Analysis – Eurasia Review

By Hasan Selim Özertem* In less than a year, parliamentary and presidential elections will take place in Turkey. Nevertheless, this time the odds will be very different for the ruling Justice and Development Party. Current economic indicators do not favor the government of Recep Tayyip Erdogan due to soaring inflation and the dramatic depreciation of […]

Economic policy

China to issue detailed economic policy measures in early September

BEIJING, Sept 1 (Reuters) – China said it would release detailed steps for recently announced economic policy measures in early September, suggesting the urgency for policymakers to revive the sluggish economy amid a resurgence of COVID and a struggling real estate sector. The government will present detailed plans to implement the 19 new policies it […]

Economic policy

State-level economic policy associated with reduced HIV risk behaviors among single mothers

RESULTSUCLA research finds that a state earned income tax credit (SEITC) of 10% or greater than the federal EITC was associated with a 21% relative reduction in behavioral risk reported that could put single mothers at high risk of HIV infection in the past year. Additionally, a 10 percentage point increase in SEITC was linked […]

Economic policy

Climate activists demonstrate at the Federal Reserve’s Jackson Hole Economic Policy Symposium

Several dozen climate activists gathered Thursday outside the Jackson Lake Lodge in Grand Teton National Park, where the Federal Reserve held its annual Jackson Hole Economic Policy Symposium until Saturday. The event is one of the most important conferences for economists and central bankers around the world, and it has come under even greater scrutiny […]

Economic policy

Reviews | Biden’s student debt relief plan is very good economic policy

In August 24the Biden White House announced his project to relieve Americans in debt. The amount of debt cancellation can reach $20,000 for Pell Grant recipients, and otherwise $ten,000in both cases for people whose annual income is less than $125,000 and married couples earning less than $250,000. Other elements of the plan will help ease […]

Economic policy

Jackson Hole Economic Policy Symposium 2022: Powell mentions inflation 44 times and warns of pain for households and businesses

Jerome Powell, Chairman of the Board of Governors of the Federal Reserve, delivered his address on August 26, 2022. Unsurprisingly, inflation remained the dominant factor and was used almost 44 times in his speech. Powell said the Federal Open Market Committee’s (FOMC) primary goal right now is to get inflation back to our 2% target. […]

Economic policy

APEC seeks to balance health and economic policy

The long lockdowns during COVID have led some economies to crumble, while the overly relaxed approach and neglect of health issues have also caused avoidable losses in others. Jakarta (ANTARA) – Health ministers of APEC members aim to strengthen global and national preparedness for future pandemics through international and regional collaboration and partnerships to improve […]

Economic policy

Biden’s student debt relief plan is very good economic policy

In August 24the Biden White House announced his project to relieve Americans in debt. The amount of debt cancellation can reach $20,000 for Pell Grant recipients, and otherwise $ten,000in both cases for people whose annual income is less than $125,000 and married couples earning less than $250,000. Other elements of the plan will help ease […]

Economic policy

Investors are laser-focused on the Jackson Hole economic policy symposium

Central bankers and analysts will be confronted with a unique economic context very different from that of last year’s symposium. Last year, inflation was around 5% and the assumption of the vast majority of central bankers and policymakers was that inflation was transitory. The assumption was that supply chain bottlenecks and issues that were a […]

Economic policy

Past Economic Policy Failed to Consider the Emotional Cost of Inflation – Economics and Ecology

Until this year, inflation in advanced economies like the US and UK had been so low for so long that you had to be very old to remember what life was like during oil price spikes. the late 1970s. It was bad. Annual consumer price inflation in the United States peaked at 13.5 percent in […]

Economic research

New home sales continue to fall (-12.6% per month)

July 2022 New Home Sales What happened this month: New home sales were down 12.6% from the downwardly revised June number, down nearly 30% year-over-year to 511,000 new home sales. The July data matches other recent indicators, signaling the continued slowdown in the housing market due to still high prices, rising mortgage rates and high […]

Economic policy

Liz Truss’ economic policy “more Ted Heath than Margaret Thatcher”, according to IFS

Liz Truss’ economic policy resembles that of Ted Heath rather than that of Margaret Thatcher, says the director of a leading think tank. Tory frontrunner plans to cut taxes and increase budget deficit in the face of high inflation – amid warnings it could push prices even higher Paul Johnson, director of the Institute for […]

Economic research

New economic research study sees no fiscal policy impact of 2010 ‘Citizens United’ ruling

A new study released by the National Bureau of Economic Research (NBER) finds that the Supreme Court’s 2010 Citizens United decision did not, contrary to repeated claims by Democrats and progressive activists, allow companies to buy favorable tax policies. “Across all results, we find no statistically or economically significant effect of independent political contributions on […]

Economic system

Economic system encourages waste and slows transition to circular economy, new report finds

By RNZ A new report says the country’s current financial system is fraught with barriers that are slowing the transition to a circular, low-carbon economy. The joint report by the Sustainable Business Network and consultancy Grant Thornton said that for years economies had been built around the extraction of resources from the Earth and the […]

Economic policy

Turkey’s heterodox economic policy requires more foreign funding

In less than a year, parliamentary and presidential elections will take place in Turkey. Nevertheless, this time the odds will be very different for the ruling Justice and Development Party. Current economic indicators do not favor the government of Recep Tayyip Erdogan due to soaring inflation and the dramatic depreciation of the Turkish Lira. The […]

Economic policy

Universities debate economic policy and examine ZAR link

In the Bank of Namibia Debating Competition for University Students, the Namibia University of Science and Technology (NUST) won top honors and the N$10,000 prize. Second was the International University of Management, winning N$5,000, with the University of Namibia in last place and a consolation prize of N$2,500. The best debater is Hillya Indongo who […]

Economic policy

Two-day session of Economic Policy Council inspires optimism that we are on the right track – PM Pashinyan • MassisPost

YEREVAN – Chaired by Armenian Prime Minister Nikol Pashinyan, the two-day session of the Economic Policy Council under the leadership of the Prime Minister was summed up on August 7 at the Dilijan Training and Research Center of the Central Bank of Armenia, the government press office reported. He said that on issues related to […]

Economic policy

Government open to input from business community in shaping new economic policy, says Kazakh PM

NUR-SULTAN – The government will consider business proposals when developing a new economic policy, Kazakh Prime Minister Alikhan Smailov said during an August 5 meeting with the council of national entrepreneurs and representatives of the National Chamber of Entrepreneurs of Atameken, the Prime Minister’s press service. reports. The Kazakh prime minister addressed the draft economic […]

Economic policy

An economic policy bill with potential | Opinion

U.S. Senate Majority Leader Charles Schumer (D-New York) and Sen. Joe Manchin (D-West Virginia) announced last week that they had reached agreement on a comprehensive economic policy bill that would , if adopted, would be the most significant national legislation in recent years. . It was an amazing announcement. Whether congressional Democrats can hold together […]

Economic policy

Economic Policy Council meeting inspires optimism that we are on the right track

A two-day meeting of the Economic Policy Council chaired by Prime Minister Nikol Pashinyan continued at the Central Bank’s Dilijan Training and Research Center on August 7. According to the press service of the Prime Minister of Armenia, the second day of the meeting addressed issues related to the sustainable development of the agricultural and […]

Economic policy

Work of the session of the Economic Policy Council under the leadership of the Prime Minister has started in Dilijan

YEREVAN, AUGUST 6, ARMENPRESS. Chaired by Prime Minister Nikol Pashinyan, the work of the session of the Economic Policy Council under the leadership of the Prime Minister of the Republic of Armenia began today, and will last from August 6 to 7, at the educational center and Dilijan research from the Central Bank of Armenia, […]

Economic policy

Sunak and Truss clash over UK economic policy in debate

LONDON British Conservative Party leadership candidates Rishi Sunak and Liz Truss took part in a debate on Friday where they again clashed over economic policy. The Bank of England on Thursday predicted inflation would hit over 13% and the UK faces a recession that will last more than a year. Truss said the UK should […]

Economic system

The transition to the alternative to the USD will destroy the American economic system

A stock photo MINSK, Aug. 5 (BelTA) — The transition to an alternative to the dollar will mean the collapse of the economic system of the United States of America, Aleksei Avdonin, an analyst at the Belarusian Institute for Strategic Research (BISR), told V Time [On Point] online project on the BelTA YouTube channel. “We […]

Economic policy

Workers Unite to Resist Wacky Economic Policy

Even with an economics qualification, it’s hard to imagine the Bank of England’s action yesterday. They predicted a recession longer than the global recession of 2008-2009, and comparable in severity to the recession of the early 1990s. They predicted a fall in real wages of 8% and an increase in unemployment of a million. Real […]

Economic policy

Truss ‘irresponsible’ for threatening to review Bank of England mandate | Economic policy

Liz Truss has been accused of being ‘deeply irresponsible’ for threatening to change the Bank of England’s mandate on the brink of a recession. Shadow Chancellor Rachel Reeves has attacked the Tory leader after Truss and her allies repeatedly questioned Bank Governor Andrew Bailey’s performance and said she would review the powers of the Bank. […]

Economic policy

First, steadying the ship: reframing the economic policy debate

A debate over fiscal strategy has featured prominently in the Conservative Party leadership race, with Foreign Secretary Liz Truss arguing for immediate tax cuts and former Chancellor Rishi Sunak arguing for tax cuts taxes are postponed until inflation and the budget deficit are better controlled. The first approach has been criticized as irresponsible and likely […]

Economic research

Freddie Mac – Mortgage rates fall below 5%

Freddie Mac Mortgage Rates – August 4, 2022 What happened to mortgage rates this week: The Freddie Mac fixed rate for a 30-year loan continued its downtrend this week, slipping below the 5.0% threshold to 4.99%. A series of surprisingly positive economic indicators offset the drumbeat of recessionary chatter: factory orders beat market expectations, as […]

Economic policy

Opinion: Four fairy tales stock market investors and economic policymakers tell each other

LONDON (Project union)— Do you believe in fairy tales? If so, you could probably make a lot of money these days as a financial trader or gain power and prestige as a central banker. As annual inflation in the US, eurozone and UK hit 40-year highs and will likely hit double digits after the summer, […]

Economic policy

New Lankan government prepares 25-year national economic policy to revive crisis-hit economy: President Ranil Wickremesinghe

Newly elected Sri Lankan President Ranil Wickremesinghe said on Wednesday that his government was preparing a national economic policy for the next 25 years to transform the crisis-hit country into a modern and competitive export economy. Presenting his government’s policy statement to the third session of parliament, President Wickremesinghe again urged political parties to form […]

Economic policy

Without fiscal responsibility, the United States is heading for a worse economic crisis: economic policy expert

Democrats and Republicans need to limit spending: Heritage Foundation’s Joel Griffith With inflation soaring and the Democratic-led Congress mustering enough support in the Senate to spend billions in additional spending, Joel Griffith, a fellow at the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundationtold NTD TV that if the United States […]

Economic policy

Problematic ANC does not discuss macro-economic policy: Economist – SABC News

Economist Duma Gqubule says it is problematic that the African National Congress (ANC) does not discuss macroeconomic policy. He was reacting to the results of the party’s sixth policy conference which ended on Sunday in Nasrec, south of Johannesburg. Conference delegates proposed that the Reserve Bank’s mandate be moved beyond inflation targeting to include tackling […]

Economic study

Economic study to thoroughly examine Bear River

UTAH (ABC4) – The Great Salt Lake continues to be a major talking point here in Utah, especially as it continues to reach record low water levels. About two-thirds of its water comes from a single source: the Bear River. Several agencies are working together to study the economic impact of the river in Idaho, […]

Economic research

Is there a recession? Only the National Bureau of Economic Research decides

Data from the Commerce Department this week revealed that the US economy had contracted for a second straight quarter, sparking fresh debate over whether the country was in a recession. Negative growth for two consecutive quarters meets a common definition of a recession – and it is the official way to make such a call […]

Economic system

Yellen says economic system not in recession despite falling GDP

Treasury Secretary Janet Yellen said on Thursday the US economy was in a state of transition, not recession, despite two straight quarters of unfavorable expansion. The recession, Yellen insisted, is a “widespread weakening of our economy” that includes massive layoffs, business closures, family price lines and a slowdown in private sector employment. “That’s not what […]

Economic policy

‘Republican economic policy never works’: ‘The View’ hosts engage in recession shouting match

The co-hosts of “The View” erupted in a shouting match Thursday over Republican economic policies amid concerns of a deteriorating economy. The panel discussed the agreement of Democratic Senator of West Virginia Joe Manchin and Senate Majority Leader Chuck Schumer on the Inflation Reduction Act of 2022which will partly raise corporate taxes while funding climate […]

Economic system

The economic system would seem to like it in a recession, but we still have no idea what to say

In an aerial view, transport boxes slow down on the Port of Oakland on July 21, 2022 in Oakland, California. Truckers protesting California Assembly Bill 5 (AB5) effort legislation shut down operations at the Port of Oakland after blocking entrances to the port’s container terminals for the previous 4 days. An estimated 70,000 independent truckers […]

Economic policy

Rise of Omicron sub-variants skyrocket UK staff absence | Economic policy

The rapid spread of Covid-19 infections over the past month has caused the number of workers taking sick leave to skyrocket, according to official figures, further exacerbating staff shortages and forcing many employers to close parts of their business. Undermining hopes that the BA.4 and BA.5 Omicron subvariants spreading across the UK would mimic the […]

Economic system

U.S. economy shrinks for snap second quarter, raising fears of a recession

The U.S. economy contracted from April to June for a snap second quarter, contracting at an annual rate of 0.9% and raising fears that the country is also on the verge of a recession. The Commerce Department’s Thursday decline in gross domestic product — the broadest measure of the economy — followed a 1.6% annual […]

Economic system

Fed: US economy shrank 0.9% last quarter, its second instant fall

The U.S. economy contracted from April to June for a snap second quarter, contracting at an annual rate of 0.9% and raising fears that the country could also be on the verge of a recession. The Commerce Department’s Thursday decline in gross domestic product — the broadest measure of the economy — followedan annual decline […]

Economic policy

Sunny Hostin clashes with Alyssa Farah Griffin over Republican economic policy on ‘The View’: ‘Makes rich people richer’

View Guest co-host Alyssa Farah Griffin was the ‘skunk at the garden party’ today (her words, not mine) as Sunny Hostin lambasted her for her defense of the trickle-down economy. The argument stemmed from a conversation about Sen. Joe Manchin and Sen. Chuck Schumer reaching an agreement on the Cut Inflation Act of 2022. Co-host […]

Economic study

Nebraska economic study finds state’s ethanol industry continues to grow

The report indicates that the global value of ethanol and its co-products averages around 64% of corn production, 33% of beef production and 131% of soybean production, making ethanol the third most major agricultural industry in the state. Additionally, the economic study found that the ethanol industry continues to add jobs to the Nebraska economy. […]

Economic system

The US economy almost certainly grew slightly in the last quarter and will have shrunk

Economists expect the economic system to have grown slightly in the second quarter, and some expect it to shrivel up. Estimates show that the economic system will have grown by several tenths of a percent. Goldman Sachs expects a 1% rise, while Moody’s Economics forecasts a 1% decline. The gradual expansion forecast sees the 1.6% […]

Economic research

FOMC continues to tighten with another 75 basis point rate hike

What the July Fed statement says: The Fed voted unanimously to raise its benchmark short-term rate an additional 75 basis points in July, the fourth increase of this tightening cycle and the third higher than the quarter-point increase that was typical of previous tightening cycles. While some were expecting a full percentage point increase, like […]

Economic research

Decline in the recovery of new home sales (-8.1% per month)

June 2022 New Home Sales What happened this month: June new home sales data reflect the impact of another month of high mortgage rates and rising inflation. A total of 590,000 new homes were sold in June, down 8.1% from the downwardly revised number in May, led by declines in all regions except the Midwest. […]

Economic policy

Two facets of Trussonomics: tax cuts and interest rate hikes | Economic policy

Liz Truss lacks strong backing for her immediate tax cut plan if she succeeds Boris Johnson as prime minister. Last week, when interviewed on Radio 4 Today, she offered only one name: Professor Patrick Minford. It is therefore not surprising to find a letter in the Daily Telegraph signed by a group of economists endorsing […]

Economic system

Definition of mixed economic system | Global Currency Online

What is a mixed financial system? A mixed financial system is a system that mixes facets of capitalism and socialism. A mixed financial system protects personal assets and allows some financial freedom in the use of capital, but additionally allows governments to interfere in financial actions in order to achieve social goals. In accordance with […]

Economic research

PhD from the African Economic Research Consortium (AERC). 2022/2023 scholarships for young Africans

Application deadline: July 31, 2022 Applications are invited from qualified and motivated applicants for a PhD program in the field of Economics. This programme, supported by the African Economic Research Consortium (AERC), combines the traditional doctoral structure at the School of Economic and Finance (SEF) and a partnership with other universities in Africa. It offers […]

Economic policy

Praise for Australia’s economic policy response to COVID-19

Movements of banking and fintech stocks on the Australian stock exchange in 2020. Credit: Flinders University Australia’s major banking and fintech sectors have been buoyed by the government’s early macroeconomic responses to the challenges posed by COVID-19, new research shows. Financial experts from Flinders University and Griffith University examined the economic lessons learned during the […]

Economic policy

Economic Policy Tensions in Volatile Times – InsuranceNewsNet

United States appears to be in the midst of a major political realignment. Really, this subject is the domain of historians and political scientists, so I will largely limit myself to writing about what this means for economic policy. To be honest, it’s hard to make a considered assessment of where we’re headed. Perhaps the […]

Economic policy

An electoral argument based on passive economic policy is a path to defeat in 2024

4 minute readJuly 19 The Conservative leadership race was remarkable not for what the candidates said, but for what they did not say. Britain has been stuck in a low growth trap for 10 years, facing a recession, approaching an inflationary storm, and no one has a clear economic vision to fix it. What emerged […]

Economic policy

Liz Truss promises biggest economic policy shift in decades if she becomes prime minister

Liz Truss has pledged to bring about the biggest economic change the UK has seen in 30 years in her bid to become the next prime minister. The foreign minister said she wanted a “bold new approach” to tackle the economic crisis facing the country. During the leadership campaign, Ms Truss pledged a radical overhaul […]

Economic research

Barbara Blake Elected to the Board of the Council for Community and Economic Research « News @ ODU

July 15, 2022 Barbara Blake By David Simpson A trustee from Old Dominion University has been elected to the board of the Council for Community and Economic Research (C2ER). Barbara Blake, executive director […]

Economic policy

Larry Kudlow: This is the worst economic policy imaginable in a time of great crisis

FOX Business host Larry Kudlow blasts reckless government spending and reveals why small business confidence is down on “Kudlow.” So, we start tonight with a familiar phrase: Save America, kill the bill. Back-to-back inflation numbers, 9.1% CPI, 11.3% PPI – you don’t want to spend another trillion dollars worsening an already out-of-control inflation rate. Anyone […]