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The Latest Breaking News from Economics

The RBA’s ‘narrow path’ on inflation and interest rates: six things we learned from Philip Lowe

When the governor and colleagues faced the economics committee, rates were the focus – how high will they go, and will they stall the economy?

The Guardian - AU

UC Riverside should investigate economics research center, faculty say

LOS ANGELES — Some University of California faculty members are raising the alarm about a research center affiliated with UC Riverside that they say uses corporate funding for reports "attacking proposals to improve the lives of working Californians."

Los Angeles Times

Big Biz wields influence over governors

NGA Chair Phil Murphy represents "the absolute worst of trickle-down economics," expert says

Salon

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Major issue with Irish airports identified by economics expert

Professor of Economics Edgar Morgenroth debated with former Shannon Airport Group chair Padraig Ó Ceide

Irish Mirror

UK inflation falls from 10.5% to 10.1% amid ongoing cost of living crisis – business live

Live, rolling coverage of business, economics and financial markets as transport and motor fuel prices contribute to decline in inflation

The Guardian - UK

Gautam Adani crisis likely to leave India’s conglomerates unscathed

MUMBAI: The dramatic fall in the Adani group’s shares following allegations by Hindenburg Research is unlikely to spill over to other Indian conglomerates as they fare well on key business parameters, according to Bloomberg Economics.

The Times of India

Children Attending Preschool More Likely To Attend College, Reveals Study

As per an empirical study headed by an MIT economist, children who start preschool at the age of four are considerably more likely to attend college. Read further on Dynamite News:

Dynamite News

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Economics are a big factor in the U.S. migrant crisis. Here’s how immigration numbers and GDP compare in the Americas

In struggling countries in Latin America, economic breakdown often precedes an exodus.

Fortune

The job market is incredibly hot, but a new report from LinkedIn shows it could be headed for a slowdown

“Companies have started to tighten their belts and take a more judicious approach to recruiting,” Rand Ghayad, head of economics at LinkedIn, says.

Fortune

UK avoids recession, but growth is nowhere to be found

As any A-level economics teacher will tell you, the key to explaining the concept of falling inflation is that while prices are still rising, they are doing so at a slower rate.

Evening Standard

How legitimate are the claims in Liz Truss’s 4,000-word Telegraph essay?

The Guardian’s deputy political editor and economics correspondent take a look

The Guardian - UK

Study: Children attending preschool more likely to go to college

Children who start preschool at the age of four are considerably more likely to attend college, according to an empirical study headed by an MIT economist. Read full details on Dynamite News:

Dynamite News

If you want a benefit of Brexit, here it is: British employers must now innovate again

Our economic model relied on a bottomless supply of cheap workers. Firms must now invest to boost productivity, says Larry Elliott, the Guardian’s economics editor

The Guardian - UK

Inflation will add £18.2bn to UK non-food retail sales, shows survey

Survey shows 80 per cent of retailers planning to increase the price of products

The Independent UK

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The Times of India

Solving people’s pain greater aspiration than any personal reward: Varun Gandhi

Feroze Varun Gandhi is the third-time Lok Sabha MP from Pilibhit in Uttar Pradesh. He is not only a politician but also a poet and author of four books, including his latest release "The Indian Metropolis" today. He holds a BSc (Hons) Economics from the prestigious London School of Economics…

Asharq Al-Awsat

IAEE Conference Discusses Opportunities for Advancing ‘Hydrogen Economy’

Hosted for the first time in the MENA region, the 44th International Association for Energy Economics (IAEE) Conference in Riyadh reviewed the risks of volatility in global oil and gas markets. Participants at the summit also discussed threats to future opportunities offered by the hydrogen economy. Prince Abdulaziz bin Salman,…

Wales Online

Wetherspoons meal 'that would fail GCSE home economics' shared by unhappy customer

Greg Owen took to Twitter to complain about his experience at The Red Lion Wetherspoons in Gatwick Airport's North Terminal

The Guardian - UK

The Guardian view on economics in the media: poorly communicated, poorly understood

Editorial: Economics affects us all, yet is too often treated as an abstract field fenced in by impenetrable rules

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The National (Scotland)

BBC has 'no solution' to Scotland vs England impartiality issue, internal review says

THE BBC has “no solution” to the impartiality problem posed by the difference between English and Scottish politics, an in-depth report into…

The Guardian - UK

Bad economics at the BBC enabled Tory austerity and its aftermath – and it knows as much

Too many journalists don’t get ‘basic economics’, an internal review says. Imagine the effect that’s had on UK politics, says James Meadway of the Progressive Economy Forum

360info

Why video referees ruin football

Technology to assist football referees was introduced to ensure lineball decisions were correct. But at what cost to the game of chance?

Bangkok Post

Indonesia wants exporters to keep money at home

JAKARTA: Indonesia is formulating incentives for exporters to keep their foreign-exchange earnings onshore for at least three months, its chief economics minister said on Thursday.

The Guardian - UK

Biden’s clean energy brainwave paves Britain’s way to post-Brexit growth. Dare we copy him?

Where the US leads in using state aid and subsidies, the EU is now following. But the UK will need a change of mindset, says the Guardian’s economics editor, Larry Elliott

The Conversation

Economists have misunderstood a key indicator – and it's a big problem

In studies, forecasts and recommendations to governments, markets are seen as capable of processing so-called rational information. Economists claim that firms’ market prices result from rational expectation about their future monetary flows and intangible assets not accounted by bookkeeping, which, however, would enable those future monetary flows to occur.

Fortune

An NYU economics professor says that Elon Musk has an 'amazingly fraught relationship with Wall Street' and warns that Tesla faces several risks

Joseph Foudy, an economics professor at New York University’s Stern School of Business, warns Twitter has been a distraction for Elon Musk, and rising EV competition could hurt Tesla's sales growth.

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