#economics

[ follow ]
#climate-change

It is time to support Pacific Ocean stewards

Pacific Island nations are initiating protective measures against climate change but need global support due to their disproportionate vulnerability.

Bank of England cuts interest rates to 4.75% but mortgages still set to rise

Quality journalism is crucial in the current US climate, and donations ensure coverage of underrepresented stories.

It is time to support Pacific Ocean stewards

Pacific Island nations are initiating protective measures against climate change but need global support due to their disproportionate vulnerability.

Bank of England cuts interest rates to 4.75% but mortgages still set to rise

Quality journalism is crucial in the current US climate, and donations ensure coverage of underrepresented stories.
moreclimate-change

Higher energy bills push UK inflation to 2.3%

UK inflation rose to 2.3% in October, largely due to increased energy prices, exceeding the Bank of England's target.
#inflation

Where the presidential candidates stand on personal finance issues

Candidates focus on economic issues like inflation, price gouging, and prescription drug costs in their campaigns.

Trump claims he'll make inflation 'vanish completely.' Here's why experts disagree

Trump claims he can eliminate inflation if re-elected, but economists fear his policies would likely worsen the situation.

Trump promised to end the 'inflation nightmare.' Here are 3 ways his policies might backfire

Trump's policies may worsen inflation despite recent decreases, highlighting complexities in economic policy.
Stagnant wages and rising inflation greatly impact American purchasing power.
Minimum wage has not kept pace with inflation, causing economic strain.

Opinion | People Are in for a Really Rude Shock' on Trump's Economy

Trump's economic plan may be the most inflationary in U.S. history, amplifying financial strain on Americans.

The anticipation of a Trump win is sending mortgage rates soaring. Top economists say scorching inflation is very likely to go with it

Economists predict that a Trump presidency would likely lead to higher inflation and increased interest rates.

Trump's economic plans would worsen inflation, experts say

Trump promises to eliminate inflation if re-elected, but economists warn his policies could actually exacerbate it.

Where the presidential candidates stand on personal finance issues

Candidates focus on economic issues like inflation, price gouging, and prescription drug costs in their campaigns.

Trump claims he'll make inflation 'vanish completely.' Here's why experts disagree

Trump claims he can eliminate inflation if re-elected, but economists fear his policies would likely worsen the situation.

Trump promised to end the 'inflation nightmare.' Here are 3 ways his policies might backfire

Trump's policies may worsen inflation despite recent decreases, highlighting complexities in economic policy.
Stagnant wages and rising inflation greatly impact American purchasing power.
Minimum wage has not kept pace with inflation, causing economic strain.

Opinion | People Are in for a Really Rude Shock' on Trump's Economy

Trump's economic plan may be the most inflationary in U.S. history, amplifying financial strain on Americans.

The anticipation of a Trump win is sending mortgage rates soaring. Top economists say scorching inflation is very likely to go with it

Economists predict that a Trump presidency would likely lead to higher inflation and increased interest rates.

Trump's economic plans would worsen inflation, experts say

Trump promises to eliminate inflation if re-elected, but economists warn his policies could actually exacerbate it.
moreinflation
#china

Turning All Your Allies Against You': Trump Grilled On What His Tariffs Would Do to the Western World

Trump argues that larger tariffs are essential to counter China's influence and enhance U.S. economic policy.

Starmer twice declines to directly condemn jailing of Hong Kong pro-democracy figures

Keir Starmer prioritizes economic relations with China, avoiding direct condemnation of human rights abuses in Hong Kong to protect UK's economic interests.

Trump tariffs are coming, but some Chinese companies may already know how to avoid them

Businesses prepare for heightened tariffs under a potential second Trump presidency, which may exacerbate trade tensions with China, particularly in the solar industry.

Turning All Your Allies Against You': Trump Grilled On What His Tariffs Would Do to the Western World

Trump argues that larger tariffs are essential to counter China's influence and enhance U.S. economic policy.

Starmer twice declines to directly condemn jailing of Hong Kong pro-democracy figures

Keir Starmer prioritizes economic relations with China, avoiding direct condemnation of human rights abuses in Hong Kong to protect UK's economic interests.

Trump tariffs are coming, but some Chinese companies may already know how to avoid them

Businesses prepare for heightened tariffs under a potential second Trump presidency, which may exacerbate trade tensions with China, particularly in the solar industry.
morechina
#trump

Trump would make social security insolvent by 2031, report says

Biden's Social Security plan may face insolvency by 2034; Trump's proposals could accelerate this to 2031 and drastically cut benefits.

Trump and Musk Take Their Billionaire-Best-Friend Tour to SpaceX Launch

Trump and Musk's closeness grows post-election, with Musk actively supporting Trump's administration and benefiting financially from the political shift.

Trump would make social security insolvent by 2031, report says

Biden's Social Security plan may face insolvency by 2034; Trump's proposals could accelerate this to 2031 and drastically cut benefits.

Trump and Musk Take Their Billionaire-Best-Friend Tour to SpaceX Launch

Trump and Musk's closeness grows post-election, with Musk actively supporting Trump's administration and benefiting financially from the political shift.
moretrump
from Harvard Gazette
1 day ago

How free-market policymakers got it all wrong for decades - Harvard Gazette

A singular focus on deregulation and trade has failed to deliver positive outcomes for American households, according to conservative economist Oren Cass.

The Invention of Agriculture

Humans' shift from hunting-gathering to farming was influenced by climate and necessity, rather than being purely a mistake leading to negative outcomes.

In wartime Russia, some men may be worth more dead than alive, economist says

In wartime Russia, military compensation has altered economic realities for families, making death in battle financially preferable to long-term civilian life.
#tariffs

Could Trump's Tariffs Lead to Higher Prices? Here's What to Know.

Trump prioritizes tariffs in economic policy aiming to boost U.S. manufacturing and jobs, despite warnings from economists about potential negative consequences.

From clothes to computers, 6 things expected to get more expensive if Trump's trade plans are enacted

Trump's proposed tariffs could raise prices on imports, affecting various consumer goods and industries.

Trump vows to impose tariffs as experts warn of price hikes and angry allies

Trump reiterated his commitment to impose tariffs on imports to boost American manufacturing, despite concerns about higher consumer prices and potential geopolitical fallout.

Opinion | How Trump's Radical Tariff Plan Could Wreck Our Economy

Trump's consistent desire for high tariffs starkly contrasts with modern free trade principles.

Meet the Americans stocking up on cars, skincare, and toilet paper ahead of Trump's potential trade restrictions

Shoppers and businesses are stockpiling goods due to fears of impending price hikes from proposed tariffs.

This Is What A Trump Presidency Will Actually Mean For Your Grocery Bill

Tariff proposals by Trump are expected to raise food prices significantly, contrary to his claim they will lower them.

Could Trump's Tariffs Lead to Higher Prices? Here's What to Know.

Trump prioritizes tariffs in economic policy aiming to boost U.S. manufacturing and jobs, despite warnings from economists about potential negative consequences.

From clothes to computers, 6 things expected to get more expensive if Trump's trade plans are enacted

Trump's proposed tariffs could raise prices on imports, affecting various consumer goods and industries.

Trump vows to impose tariffs as experts warn of price hikes and angry allies

Trump reiterated his commitment to impose tariffs on imports to boost American manufacturing, despite concerns about higher consumer prices and potential geopolitical fallout.

Opinion | How Trump's Radical Tariff Plan Could Wreck Our Economy

Trump's consistent desire for high tariffs starkly contrasts with modern free trade principles.

Meet the Americans stocking up on cars, skincare, and toilet paper ahead of Trump's potential trade restrictions

Shoppers and businesses are stockpiling goods due to fears of impending price hikes from proposed tariffs.

This Is What A Trump Presidency Will Actually Mean For Your Grocery Bill

Tariff proposals by Trump are expected to raise food prices significantly, contrary to his claim they will lower them.
moretariffs
#labor-market

Are tech billionaires hijacking our future? This Nobel laureate warns of Big Tech's stranglehold on AI and democracy

Concentration of power in big tech poses risks to public interest, necessitating equitable AI advancements.

Get Ready for Higher Food Prices

Trump's policies may significantly increase food prices despite his promises to lower them.

Are tech billionaires hijacking our future? This Nobel laureate warns of Big Tech's stranglehold on AI and democracy

Concentration of power in big tech poses risks to public interest, necessitating equitable AI advancements.

Get Ready for Higher Food Prices

Trump's policies may significantly increase food prices despite his promises to lower them.
morelabor-market
#donald-trump

Working-Class Voters Are Pivotal. Both Candidates Are Vying for Their Support.

Many voters are prioritizing economic concerns in the upcoming election.
Voter perceptions heavily influence decision-making, particularly regarding economic issues.
Kamala Harris's economic proposals may significantly benefit low-income Americans.

A dream day for Labour as opposition is reduced to noises off | John Crace

The government enjoyed a rare day of peace and control, with opposition largely absent and ministers able to focus without crisis.

Working-Class Voters Are Pivotal. Both Candidates Are Vying for Their Support.

Many voters are prioritizing economic concerns in the upcoming election.
Voter perceptions heavily influence decision-making, particularly regarding economic issues.
Kamala Harris's economic proposals may significantly benefit low-income Americans.

A dream day for Labour as opposition is reduced to noises off | John Crace

The government enjoyed a rare day of peace and control, with opposition largely absent and ministers able to focus without crisis.
moredonald-trump
#interest-rates

Mortgage rates rise again, are expected to 'remain volatile'

Mortgage rates are expected to be volatile in 2023 but forecasted to ease in 2025, complicating the housing market.

Swedish krona hits annual low against the dollar

The krona's value is adversely affected by a strong dollar and rising US interest rates.

Pepper to write to 9,000 mortgage holders telling them it is cutting rates

Mortgage prisoners are trapped in high interest rates and cannot switch lenders due to previous payment issues.
Pepper Advantage is reducing rates for some mortgage customers following ECB rate cuts.

Mortgage rates rise again, are expected to 'remain volatile'

Mortgage rates are expected to be volatile in 2023 but forecasted to ease in 2025, complicating the housing market.

Swedish krona hits annual low against the dollar

The krona's value is adversely affected by a strong dollar and rising US interest rates.

Pepper to write to 9,000 mortgage holders telling them it is cutting rates

Mortgage prisoners are trapped in high interest rates and cannot switch lenders due to previous payment issues.
Pepper Advantage is reducing rates for some mortgage customers following ECB rate cuts.
moreinterest-rates

Latino evangelicals praise Donald Trump as president-elect who respects Christians

Latino evangelicals in Harrisburg lean towards Trump, prioritizing economic concerns over traditional party affiliations.

Opinion: Yes, the GDP Rises When We Drive More. But That Isn't A Good Thing. - Streetsblog USA

Increased driving doesn't equate to economic prosperity; the impact of car dependency on public health and costs is often overlooked.

After Trump's Re-Election 2024: Was America Ever All That Great?

Historically, re-electing a previously rejected president can lead to adverse economic consequences.

Berlin officially launches bid to host NFL games

Berlin is bidding to host NFL games, seeking economic benefits and popularity for flag football.
#trade-policy

UK can strike Trump trade deal and rebuild EU relations, says top economist

The UK can pursue US and EU trade deals simultaneously after Brexit, according to economist Andy Haldane.

The Tariff History Donald Trump Is Overlooking

Trump's economic policies aim to revert the U.S. to regressive tax structures reminiscent of the late 19th century, risking increased inequality.

UK can strike Trump trade deal and rebuild EU relations, says top economist

The UK can pursue US and EU trade deals simultaneously after Brexit, according to economist Andy Haldane.

The Tariff History Donald Trump Is Overlooking

Trump's economic policies aim to revert the U.S. to regressive tax structures reminiscent of the late 19th century, risking increased inequality.
moretrade-policy

How Optimal Signaling Outperforms Classical Bayesian Strategies in Multi-Phase Trials | HackerNoon

Optimal signaling strategies outperform classical Bayesian persuasion (BBP) at higher priors.
#investment

MIT Professor Daron Acemoglu Sounds the Alarm on AI Frenzy

AI investment may lead to economic disillusionment due to exaggerated expectations and limited job transformation.

Harris Had a Wall Street-Approved Economic Pitch. It Fell Flat.

Kamala Harris’ economic platform favors tax concessions for the wealthy to stimulate investment and growth.

Gold hits record highs again amid global uncertainties

Gold reaches record highs amid geopolitical tensions and economic uncertainty, with experts bullish on its long-term prospects as a hedge against inflation.

MIT Professor Daron Acemoglu Sounds the Alarm on AI Frenzy

AI investment may lead to economic disillusionment due to exaggerated expectations and limited job transformation.

Harris Had a Wall Street-Approved Economic Pitch. It Fell Flat.

Kamala Harris’ economic platform favors tax concessions for the wealthy to stimulate investment and growth.

Gold hits record highs again amid global uncertainties

Gold reaches record highs amid geopolitical tensions and economic uncertainty, with experts bullish on its long-term prospects as a hedge against inflation.
moreinvestment
#birth-rates

U.S. fertility rates tumbling. Some women, however, give birth to five, or more. Why? - Harvard Gazette

Catherine Pakaluk's book explores the rise of large families amid declining global birth rates.

Do you want kids? It's finally OK to simply say no

The UK is experiencing a demographic shift with more deaths than births, sparking concern about potential population collapse.

U.S. fertility rates tumbling. Some women, however, give birth to five, or more. Why? - Harvard Gazette

Catherine Pakaluk's book explores the rise of large families amid declining global birth rates.

Do you want kids? It's finally OK to simply say no

The UK is experiencing a demographic shift with more deaths than births, sparking concern about potential population collapse.
morebirth-rates

Memorial Minute for Dale Weldeau Jorgenson, 89 - Harvard Gazette

Dale Jorgenson reshaped economics through innovative modeling and empirical research, leaving an enduring legacy on the field and economic policy.
#nobel-prize

A Nobel prize for an explanation of why nations fail

The strength of democratic institutions is crucial for the stability and prosperity of nations.

Nobel Prize goes to 3 economists who study the wealth and poverty of nations

Colonial strategies significantly influence today's economic outcomes by shaping institutions.

Nobel economics prize is awarded for research into how poor institutions affect countries' success

The 2024 Nobel Prize in Economics highlights the critical role of societal institutions in driving a country's economic success.

Nobel economics prize goes to trio for research into reasons why some countries succeed and others fail

The Nobel Prize in Economics highlights the significant role of societal institutions in determining national prosperity.

Why are some countries so rich? Economics Nobel awarded for study of inequality

Colonial history and institutions significantly affect current economic disparities between countries.

Insights from MIT's newest Nobel laureates on AI, labor, and more | MIT Sloan

The 2024 Nobel Prize in Economic Sciences recognized research on institutions' impact on prosperity, emphasizing good governance's importance in economic growth.

A Nobel prize for an explanation of why nations fail

The strength of democratic institutions is crucial for the stability and prosperity of nations.

Nobel Prize goes to 3 economists who study the wealth and poverty of nations

Colonial strategies significantly influence today's economic outcomes by shaping institutions.

Nobel economics prize is awarded for research into how poor institutions affect countries' success

The 2024 Nobel Prize in Economics highlights the critical role of societal institutions in driving a country's economic success.

Nobel economics prize goes to trio for research into reasons why some countries succeed and others fail

The Nobel Prize in Economics highlights the significant role of societal institutions in determining national prosperity.

Why are some countries so rich? Economics Nobel awarded for study of inequality

Colonial history and institutions significantly affect current economic disparities between countries.

Insights from MIT's newest Nobel laureates on AI, labor, and more | MIT Sloan

The 2024 Nobel Prize in Economic Sciences recognized research on institutions' impact on prosperity, emphasizing good governance's importance in economic growth.
morenobel-prize
#consumer-behavior

Uefa has risked the Champions League's popularity with an increase in supply | Ignacio Palacios-Huerta

Demand for certain goods can rise even when prices increase due to social effects and collective desirability.

How Elections Affect Our Shopping

Consumers typically refrain from major purchases before elections but increase spending afterward, indicative of an election shopping slump.

Uefa has risked the Champions League's popularity with an increase in supply | Ignacio Palacios-Huerta

Demand for certain goods can rise even when prices increase due to social effects and collective desirability.

How Elections Affect Our Shopping

Consumers typically refrain from major purchases before elections but increase spending afterward, indicative of an election shopping slump.
moreconsumer-behavior

When the best choice might not be between two things

The concept of duopoly reveals that market control can exist even among two dominant entities, limiting true competition.
The illusion of competition in duopolies raises concerns about the health of market dynamics.

Insider Today: The world's best golf courses

Marathon preparation includes a carefully curated diet, emphasizing carbs, proteins, and fluids without overindulgence.

JD Vance says pumping more oil will make housing cheaper. Economists say that's a stretch.

Lowering energy costs is less impactful on homebuilding than addressing labor and material costs, according to housing experts.

Why abortion referendums are also about the economy

Abortion rights significantly influence women's economic opportunities and family planning, impacting their financial stability and children's futures.

How can Africa break free from negative stereotypes? DW 10/29/2024

Outdated media stereotypes about Africa hinder investment and misrepresent its diverse realities.
Negative portrayals during elections disproportionately affect how African countries are viewed by international investors.

Rachel Reeves needs more than just policies if she wants to make this week's budget sing | Polly Toynbee

The government must convey a positive narrative in the budget to counteract the pessimism surrounding its current popularity.

The 20 US Cities Where Residents Collect the Most Social Security

The Social Security Act was established to provide retirement income after the Great Depression.

The California exodus has continued. Here's where most people leaving the Golden State moved to - and why.

Over 690,100 people left California between 2022-2023, primarily due to economic factors, while 422,000 moved into the state.

How Many Guns Americans Have Bought Every Year Since 1986

The U.S. has more guns than people and continues to see strong consumer demand for firearms.
#finance

S&P 500's era of hot returns is over, Goldman says

The S&P 500 is likely to underperform U.S. Treasury securities and may fall below inflation returns by 2034.

How millionaire bankers actually work, according to a former trader

Gary Stevenson describes his journey as a trader, emphasizing discipline over partying while navigating high-stakes financial environments.

S&P 500's era of hot returns is over, Goldman says

The S&P 500 is likely to underperform U.S. Treasury securities and may fall below inflation returns by 2034.

How millionaire bankers actually work, according to a former trader

Gary Stevenson describes his journey as a trader, emphasizing discipline over partying while navigating high-stakes financial environments.
morefinance
#artificial-intelligence

Today's AI ecosystem is unsustainable for most everyone but Nvidia, warns top scholar

The AI economic ecosystem suffers from unsustainable profit disparities, favoring chip-makers over application developers, threatening future industry growth.

OpenAI Hires Aaron Chatterji to Be Its Chief Economist

OpenAI hires a chief economist to bolster ambitious goals of AI transformation and competitive infrastructure development.

Today's AI ecosystem is unsustainable for most everyone but Nvidia, warns top scholar

The AI economic ecosystem suffers from unsustainable profit disparities, favoring chip-makers over application developers, threatening future industry growth.

OpenAI Hires Aaron Chatterji to Be Its Chief Economist

OpenAI hires a chief economist to bolster ambitious goals of AI transformation and competitive infrastructure development.
moreartificial-intelligence

The September 2024 US Venture Capital Funding Report

US startup funding reached $7.4B in September, reflecting significant declines in both monthly and annual comparisons.
#tax-policy

Would raising employer National Insurance break Labour's pledge?

Chancellor Rachel Reeves may increase National Insurance on employers, despite Labour's 2024 manifesto promising no tax hikes on working people.

The Best Books About the Economy to Read Before the 2024 Election

Understanding economic policies is crucial for voters concerned about housing, groceries, and taxes.

Would raising employer National Insurance break Labour's pledge?

Chancellor Rachel Reeves may increase National Insurance on employers, despite Labour's 2024 manifesto promising no tax hikes on working people.

The Best Books About the Economy to Read Before the 2024 Election

Understanding economic policies is crucial for voters concerned about housing, groceries, and taxes.
moretax-policy

Wes Streeting warned inflation busting NHS Budget deal will not be enough

Wes Streeting's NHS funding deal may fall short of needed reforms amid ongoing inflation and rising costs.

Are BRICS countries already challenging the US-led world order?

The American empire has peaked and faces challenges from the rising BRICS coalition.
Past military losses in Vietnam, Afghanistan, and Iraq reflect serious systemic issues for the US economy.
Israel's long-term capabilities in the Middle East are unsustainable, even with US support.

Milei is taking a chainsaw to the Argentine state

Javier Milei's presidency is marked by drastic austerity measures, including severe cuts to public services and a significant rise in military spending.

PRO/CON: Should California raise the minimum wage with Proposition 32?

Proposition 32 aims to raise California's minimum wage to $18, potentially improving the financial situations of many low-income workers.

Fact check: Did Black wages in the US rise massively' under Donald Trump?

Wages for Black men rose during Trump, but increased even more significantly under Biden, widening the Black-white wage gap.

Raising employers' national insurance would be clear breach' of Labour manifesto, say Tories UK politics live

Labour's manifesto pledges not to raise taxes on working people, including employees' national insurance rates.

'This is the last opportunity for us to wake up': A leading economist warns we're headed for an AI-driven cataclysm

Technology has long been seen as a universal force for economic prosperity, despite concerns about job displacement due to advancements like AI.
[ Load more ]