Tag: financial
All eyes on Federal Reserve chair Jerome Powell as interest rates creep higher
With long-term U.S. interest rates creeping higher and the stock market rally looking increasingly bubblicious, market participants will have a keen eye on remarks by Fed chair Jerome Powell today at Princeton University. Why it matters: The uncertainty created by…
Will we have a debt crisis following the coronavirus crisis? | COVID-19 Update
During the coronavirus pandemic lockdowns have halted the flow of cash to workers and companies, forcing governments to step in. Countries, rich and poor, are burning through vast amounts of money. But it’s all on loan.They’re taking on debt like…
Democrats seek progressive overhaul of the U.S. financial system
Now in control of Congress, Democrats are looking to give the U.S. financial system a progressive overhaul, incoming Senate Banking Chairman Sherrod Brown said Friday. It will be a tall task. What we’re hearing: “This committee in the past has…
The Smithsonian Has Scrapped Its $2 Billion Bjarke Ingels Redesign in Favor of a More Modest Overhaul
The Smithsonian Institution has ditched a $2 billion design plan by Danish architect Bjarke Ingels, which was set to be the blueprint for a major overhaul of its south campus. Unveiled in late 2014, the splashy master plan was expected to take…
What Clive Palmer must now ask himself: would China’s ‘bastards’ buy a mine from him?
Colourful mining magnate Clive Palmer’s political ambitions appear to be in tatters. But what of his multibillion-dollar legal ambitions? On Sunday he announced his United Australia Party will not contest Western Australia’s state election in March – a logical decision…
Twitter bans President Trump
Screenshot of Trump’s account. Twitter announced Friday that the platform will permanently suspend President Trump’s account effective immediately. Driving the news: It’s Twitter’s strongest-ever action against the president’s account and comes in response to the “risk of further incitement of…
After a record 22 billion-dollar disasters in 2020, it’s time to make US disaster policy more effective and equitable – here’s how
The year 2020 broke disaster records across the country in destructive and expensive ways. The Atlantic had so many hurricanes, meteorologists ran out of tropical storm names for only the second time. Across the Midwest, extreme storms flattened crops and…
How Australia can phase out coal power while maintaining energy security
The end of coal-fired generation in Australia is inevitable. Zero marginal cost, zero emissions energy is now a reality. Wind and solar are cheaper sources of new electricity than coal in most cases, putting significant pressure on the profitability of…
‘My Practice Looks Very Different Today’: 15 Artist-Mothers on Balancing Work and Family After a Year Like No Other
The events of 2020 turned the world upside down for everyone. But the burden of life in lockdown has predominantly fallen on women, and on mothers in particular, with many pressured to leave the workforce entirely to focus on childcare…
The Faltering Economy of Argentina
Sign-up for Acorns! 👉 https://www.acorns.com/ee (upon registration, Acorns will deposit $5 in your account to help you get started with investing!) ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ This is Argentina, a South American nation which has been home to an unprecedented period of sustained growth…
2021 will harden the winners’ and losers’ brackets created by the pandemic economy
Heading into 2021, the economy is in a state of gross divergence, presenting opposing narratives that are drifting further apart, creating ostensible winners’ and losers’ brackets. Why it matters: The pandemic has accelerated shifts in the economic makeup of the…
Honey Boy Director Alma Har’el Speaks Out Against Shia LaBeouf Amid Abuse Allegations
Rachel Luna via Getty ImagesAlma Har’El and Shia LaBeouf attend the premiere of “Honey Boy” in November 2019. Director Alma Har’el — who helmed Shia LaBeouf’s semi-autobiographical film, “Honey Boy,” about his traumatic childhood — is speaking out in support of singer FKA…
Vital Signs: 4 things Australia’s COVID response got right
2020 began simply, if dramatically enough in some sense. We spent the first months preoccupied with bushfires that blackened both our natural environment and our international reputation for taking climate change seriously. Who would have thought that would have been…
No spare change: how charities, buskers and beggars aren’t feeling so festive in our cashless society
Collectors for the Paralympic Games carried donation buckets ahead of the recent Santa parade in Auckland, asking for gold coin donations. Onlookers shrugged them off: “Sorry, no cash on me!” To the rescue, a charity volunteer waved a contactless “tap-and-go”…
