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…

‘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…

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”…