Tag: Reserve

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…

Peru: Empowering mountain communities | Global Ideas

Villagers in the Manu Biosphere Reserve are actively engaged in protecting the environment while developing ways to make a sustainable and decent living. New crops, new farming methods, new kinds of jobs, and the arrival of the Internet are all…

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…

Enjoy them while you can? The ecotourism challenge facing Australia’s favourite islands

I fell for Kangaroo Island from my first visit. I recall standing on a headland on the island’s southern coast, near Remarkable Rocks (a popular tourist site), and being awestruck by the Southern Ocean. The island (Australia’s third-largest after Tasmania…

‘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…

Coronavirus Australia: Sydney Told ‘Brace Yourselves’ As Cluster Expected To Grow

Pool via Getty ImagesPremier Gladys Berejiklian will provide another update at 11am Friday.  Sydney was told on Friday to expect considerably more COVID-19 cases as NSW Health scrambled to trace how an “international strain” of the virus entered the community,…

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”…

Negative rates explained: how money for (less than) nothing is helping out the budget

A week ahead of Thursday’s budget update, it finally happened. Instead of the government paying to borrow in a way that would add to the burden on the budget (as has happened since time immemorial) it actually got paid to…

Up to 90% of electricity from solar and wind the cheapest option by 2030: CSIRO analysis

With the cost of energy generated from wind and solar now less than coal, the share of Australia’s electricity coming from renewables has reached 23%. The federal government projects the share will reach 50% by 2030. It is at this…

Australia’s credit rating is irrelevant. Ignore it

Australia guards its AAA credit rating with care. Successive governments from both sides of politics have framed federal budgets with one eye on the economy and the other on what ratings agencies such as Standard and Poor’s will do. Just…

Progressives give up trying to convince Biden on personnel, shift to policy

Some progressives tell Axios they believe the window for influencing President-elect Joe Biden’s Cabinet selections has closed, and they’re shifting focus to policy — hoping to shape Biden’s agenda even before he’s sworn in. Why it matters: The left wing…

Bitcoin’s rebound: 3 reasons this time is (sort of) different

Bitcoin is back. Three years after the bubble that inflated its value from US$5,000 to US$20,000 in less than three months burst in spectacular fashion, plunging more than 80%, the cryptocurrency is again on the verge of a record high.…

It isn’t right to say we are out of recession, as these six graphs demonstrate

It’d be wrong to say that we are out of recession, although that’s how the graph of Wednesday’s GDP numbers makes it look. Gross domestic product (the measure of everything produced and earned and spent) fell 7% between the March…