The Welsh Government is completely disinterested in job creation Welsh Conservative Shadow Economy Minister and MS Paul Davies says Labour has governed in Wales as an anti-business party Birmingham Post · May 23, 2023
How Turkey's president maintains popularity despite economic turmoil The Turkish people and economy are being pummeled by sky-high inflation, and many are still recovering from a devastating earthquake made worse by a slow government response The Independent UK · May 23, 2023
Will Jim Chalmers' budget drive up inflation? Not likely – and here's why The proposition that cutting prices will stoke inflation is a hard one to get your head around, even if you are an economist. The Conversation · May 23, 2023
‘Dear Jay’: Jefferies strategist writes an apology letter template for all the ‘haters’ who doubt the Fed chair and his inflation fight Jefferies’s David Zervos says Jerome Powell’s critics are nothing more than “Armageddonistas” who are “in desperate need of a fresh beatdown.” Fortune · May 22, 2023
Warning over household debt surge The National Economic and Social Development Council (NESDC) warns that Thailand's ballooning household debt will become a serious problem if employment and the economy decelerate, says secretary-general Danucha Pichayanan. Bangkok Post · May 22, 2023
People are calling for couple to divorce after husband flies first class and leaves wife in coach ‘This is grounds for immediate divorce,’ tweeted journalist Lydia Polgreen The Independent UK · May 22, 2023
Karnataka’s new, yet daunting, journey to development Karnataka needs to get down to the business of governance with well-thought-out policy The Hindu · May 22, 2023
‘Not something I’m proud of’: six Greeks explain their election choice Economic policies seemed to swing it with voters as PM’s party finishes 20 percentage points ahead of the left opposition The Guardian - UK · May 22, 2023
Why Papa John’s (PZZA) Unusual Options Volume Could Be an Early Warning Indicator As a filling, low-cost fast-food option, Papa John’s should really thrive even during a tough economy. That PZZA stock is an underperformer may pose a broader warning. Barchart · May 22, 2023
Debt ceiling showdowns aren’t new – but this time gonzo Republicans are ready to blow up the economy Republicans like Marjorie Taylor Greene and nihilists like Trump are more committed to gaining power than to cutting the government debt The Guardian - US · May 22, 2023
Woman urged to divorce her husband who ditched her for First Class flight A woman said that her husband paid for himself to enjoy all of the luxuries and pampering of first class while leaving herself and their children in economy class Daily Mirror · May 22, 2023
'My selfish husband flies first class while I sit in economy with our kids' A woman has revealed how her 'selfish' husband books himself a first class ticket when travelling overseas while she sits in economy with their children - and now strangers are urging her to get a divorce Daily Mirror · May 22, 2023
Chinese Big Tech Still Sits in the Party’s Sights Given the CCP’s overriding priorities of rebuilding a strong domestic economy and maintaining robust supply chains against external threats, it is unlikely to embark on an extensive campaign like it did in 2020 and 2021 to rein in technology platforms. The News Lens · May 22, 2023
House swaps and dog walks: Travelers find cheaper alternatives to lodging Lillian Smith has spent about eight of the last 12 months traveling around the world, hitting France, Morocco, Japan and South Korea. Her cost for lodgings in that time? About one night in a hotel, along with the time she spent walking dogs, watering plants and changing litter boxes. Reuters · May 22, 2023
The Independent UK · May 22, 2023 How damage from a US debt default could cascade across the global economy If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone
France 24 · May 22, 2023 Biden to resume in-person negotiations on lifting US debt ceiling US President Joe Biden is meeting with Republican House Speaker Kevin McCarthy this Monday, resuming talks on raising the government's borrowing limit. Washington has until June 1 to reach a deal before the government runs out of money to pay its bills, which would send shockwaves through the US economy…
Birmingham Post · May 22, 2023 Welsh economy has shrunk shows new figures from the ONS The contraction was the biggest dip of any UK nation or region
AAP · May 22, 2023 Climate economy pact ushers in new era for Aussie firms Unleashing investment in critical minerals and rare earths and generating hydrogen production credits, Australia will become a domestic supplier under US law.
Tribune News Service · May 22, 2023 Commentary: What we can learn from an earlier inflation-employment conundrum America’s unemployment now stands at a 54-year low of 3.4%, a useful reminder that our post-COVID economy is similar to the post-World War II economy of 1947-1949. Much like today, that generation faced a tricky combination of high inflation and low unemployment. Our predecessors brought inflation down without significantly breaking…
The Conversation · May 22, 2023 The US could default on June 1 owing to gridlock over the debt limit; Biden vs Trump polls are close The United States debt limit is a legislative limit on the overall debt the US government can incur. As the US keeps running budget deficits, the debt keeps increasing. Congress could deal with this permanently by either repealing the debt limit, or increasing it to a very large number.
The Independent UK · May 22, 2023 Biden gets low ratings on economy, guns, immigration in AP-NORC Poll Just 33% of American adults say they approve of President Joe Biden’s handling of the economy and only 24% say national economic conditions are in good shape
Bangkok Post · May 22, 2023 Weak economy hampers liquor upgrades The Excise Department says current economic conditions are unfavourable, resulting in only one small, community-based entrepreneur applying for a licence to become a medium-sized liquor producer, says deputy director-general Kriengkrai Pattanaporn.
The Guardian - UK · May 21, 2023 China’s war chest: how the fight for semiconductors reveals the outlines of a future conflict US efforts to stifle China’s chip industry are thought to be part of a wider plan to hinder Beijing’s preparations for war
Bangkok Post · May 21, 2023 Leading the economy The business sector is calling for the new government to appoint appropriate leaders to take the helm at economic ministries, in particular the Finance Ministry, as they want to see the country progress without interruption amid several internal and external challenges.
Barchart · May 21, 2023 Yellen, FOMC Minutes and Other Key Themes to Watch This Week It was a great week in the overall market this week. The S&P 500 ($SPX) (SPY) finished up over 1% with most of that run coming in the second half of the week.