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The Latest Breaking News from Economics

SVB collapse proves global financial system needs rethink, says Nobel economist

After Silicon Valley Bank collapsed, shaking world markets, Nobel economics prize winner Joseph Stiglitz says US authorities "did the right thing" by providing federal money to protect deposits. But the economist also says the financial system needs a rethink to properly bring it into the digital era.

Radio France Internationale

Collapse & chaos: SVB, Signature Bank failures spark global panic

Is America facing a banking crisis? As regulators try to stem the fallout from the collapse of Silicon Valley and Signature Banks, we look at the risks for the rest of the system. Kate Moody speaks to economist Nicolas Veron from the Peterson Institute for International Economics and the European…

France 24

Jeremy Hunt's budget is more about short-term politics than the economy

Jeremy Hunt’s first budget day as chancellor was in many ways more about politics than economics.

The Conversation

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Dining across the divide: ‘Some of her generation view everything through a catastrophic lens’

Could a leftwing economics student find common ground with a business owner ‘from the blue side of town’ over colonial reparations, climate and the monarchy?

The Guardian - UK

Budget explainer: here are some ways to read between the lines on what's being reported

UK budget announcements inevitably lead to a deluge of reporting on how the chancellor’s latest plans for the economy will affect our wallets, pensions and investments, as well as the bottom lines of businesses, charities and entire industries.

The Conversation

Bank of Japan keeps low rates

Japan's central bank left its ultra-easy monetary policy unchanged in its last meeting before Governor Haruhiko Kuroda steps down and is replaced by economics professor Kazuo Ueda.

Bangkok Post

Scrutiny of youth justice laws 'cements Queensland as a backwater', youth advocate and lawyer Katherine Hayes says

Youth Advocacy Centre CEO Katherine Hayes' comments came after a parliamentary committee released a report recommending the Palaszczuk Government's proposed youth justice law changes be passed.

ABC News

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Top Fed official compares crypto assets to tulip frenzy

Michael Barr called for crypto guardrails in a speech at the Peterson Institute for International Economics.

Fortune

British voters are ready for a green, game-changing budget. What they’ll get is more austerity

Labour knows the UK needs a green recovery plan like Joe Biden’s, but the Tories have neither the courage nor will to follow suit, says the Guardian’s economics editor Larry Elliott

The Guardian - UK

Student debt cancellation program in jeopardy as Supreme Court justices hear arguments

The U.S. Supreme Court heard oral arguments on Feb. 28, 2023, regarding a multistate lawsuit to block the Biden administration’s student loan debt cancellation program. The Conversation asked John Patrick Hunt, a law professor at the University of California, Davis, and Celeste K. Carruthers, an economics professor at the University…

The Conversation

Government 'hiding £28 BILLION of public service cuts in smoke and mirrors budget'

The TUC has published a study by the New Economics Foundation (NEF), accusing the government of playing "smoke and mirrors" with its figures

Daily Mirror

50 years at the top: Larry Keating's life of leadership

PRINCIPAL Larry Keating has prioritised one thing above all others in the 50 years he has spent at schools across the Hunter.

Newcastle Herald

South Africa has been grey listed for not stopping money laundering and terrorism funding. What it means

The Financial Action Task Force has placed South Africa on a list of countries under increased monitoring, commonly known as the grey list, after it failed to address all of the shortcomings on money laundering and the financing of terrorism that the task force identified in its 2019 evaluation of…

The Conversation

Bleddyn Harris obituary

Other lives: Sixth-form teacher of politics and economics and a staunch trade unionist

The Guardian - UK

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InsideEVs

Tesla Battery Facility Reportedly Producing Components At Giga Berlin

Brandenburg Economics Minister Jörg Steinbach reported this week that Tesla is officially producing individual battery components at Giga Berlin.

The Conversation

Globetrotting Black nutritionist Flemmie P. Kittrell revolutionized early childhood education and illuminated 'hidden hunger'

Nutrition is among the most critical issues of our time. Diet-related illnesses are shortening life spans and the lack of conveniently located and affordable nutritious food makes it hard for many Americans to enjoy good health.

Salon

Chatbots are having a Tulipmania moment

Experts regard ChatGPT-3 and Google’s LaMDA as equally unimpressive. Investors don't seem to understand this

Daily Mirror

'People may be freezing but let's be cheerful after Centrica announced £3.3bn profits'

Mark Steel jokes that anyone who knows how economics works understands that the most important rule for a healthy financial system is to give Centrica all the money in the country

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Salon

Tenn. GOPer "a fraud like George Santos"

Tenn. Rep. Andy Ogles dubiously claimed he was an economist, a police officer and a sex trafficking expert

The Conversation

The Lowe road – the RBA is treading a 'narrow path' between inflation and recession

It’s a tough time for central bankers the world over, but especially for Reserve Bank of Australia governor Philip Lowe.

The Guardian - AU

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?

Los Angeles Times

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."

Salon

Big Biz wields influence over governors

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

Irish Mirror

Major issue with Irish airports identified by economics expert

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

The Guardian - UK

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

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