Policy

Britain's sudden shift to 'Reaganomics' gets a boost from the markets

Britain’s sudden shift to ‘Reaganomics’ gets a boost from the markets

Truss has now put the country on an economic path completely at odds with most, if not all, of the world’s major economies. Hannah McKay | Reuters LONDON — Britain’s new Prime Minister Liz Truss may have talked a lot about “fallout economics” during her election campaign this summer, but no one could have predicted …

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The United States and its allies join forces on chips.  This could prevent China from reaching the next level

The United States and its allies join forces on chips. This could prevent China from reaching the next level

Major chipmaking nations, including the United States, are forming alliances, in part to secure their semiconductor supply chain and to prevent China from reaching the forefront of the industry, analysts told Reuters. CNBC. Countries like the United States, South Korea, Japan and Taiwan, which have strong semiconductor industries, have sought to forge partnerships around this …

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3 steps you can take now to prepare for student loan forgiveness, so you can apply as soon as possible

3 steps you can take now to prepare for student loan forgiveness, so you can apply as soon as possible

Polina Lebed | Istock | Getty Images In just a few weeks, tens of millions of Americans may be able to apply for student loan forgiveness. The US Department of Education said an application would be ready “early October”. He said his app will be easybut the federal student loan system is notoriously complicated. As …

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Simultaneous rate hikes could trigger a rare global recession

Simultaneous rate hikes could trigger a rare global recession

Text size The US Federal Reserve is expected to implement a third of its “unusually large” rate hikes this year. Drew Angerer/Getty Images About the authors: Mr. Ayhan Kose is Acting Vice President for Equitable Growth, Finance and Institutions at the World Bank. Justin D. Guenette is a Senior Economist in the Prospects Group of …

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'Path to oblivion': Ukraine's military gains could worsen Russia's economic problems

‘Path to oblivion’: Ukraine’s military gains could worsen Russia’s economic problems

Russian President Vladimir Putin attends a meeting of heads of Shanghai Cooperation Organization (SCO) member states during a summit in Samarkand, Uzbekistan, September 16, 2022. Ministry of Foreign Affairs of Uzbekistan | via Reuters Ukraine’s counteroffensive, which has recaptured large swathes of territory occupied by Russia, could deepen Russia’s economic problems as international sanctions continue …

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How student loan forgiveness will be applied to your debts: 3 priority factors

How student loan forgiveness will be applied to your debts: 3 priority factors

peki | E+ | Getty Images The U.S. Department of Education continues to release new information about how President Joe Biden’s historic student loan forgiveness plan worked. Some of the final details include how the rebate will be applied to your balance: which federal student loans qualify for the relief and in what order. It’s …

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Amplification of central bank interest rate policy in single image

Amplification of central bank interest rate policy in single image

Monetary policies risk historic global slowdown With a major debate underway over the number of rate hikes needed to slow inflation, the PIIE says uncoordinated monetary policies risk a historic global slowdown. Central banks almost everywhere feel accused of being on the back foot. The current danger, however, is not so much that current and …

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The Chinese economy needs more stimulation.  Beijing's room for maneuver is limited.

The Chinese economy needs more stimulation. Beijing’s room for maneuver is limited.

Text size People’s Liberation Army soldiers outside the People’s Bank of China in Beijing. Andrea Verdelli/Bloomberg About the Author: Alicia Garcia Herrero is a senior fellow at the European think tank Bruegel and chief economist for Asia-Pacific at Natixis. She is a Nonresident Senior Fellow at the National University of Singapore’s East Asia Institute and …

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White House policies saved US economy, Treasury's Yellen says

White House policies saved US economy, Treasury’s Yellen says

U.S. Treasury Secretary Janet Yellen tours Ford Motor Company’s Red Electric Vehicle Center which builds the all-electric Ford F-150 Lightning with chief vehicle engineer Linda Zhang,(R), before speaking an economics speech in Dearborn, Michigan on September 8, 2022. Jeff Kowalsky | AFP | Getty Images Treasury Secretary Janet Yellen on Thursday praised the Biden administration’s …

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