Economics
- ECONOMY
Democrats Try to Salvage IRS Bank-Account Reporting With Scaled-Back Plan
WASHINGTON—Democrats are trying to salvage the Biden administration’s proposal to expand annual bank-account reporting to the Internal Revenue Service, fighting…
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Three trends to watch in China as the pandemic lingers and the energy crisis worsens
China was one of the first economies to bounce back from the pandemic, helped by the strength of exports, real estate and…
Read More » - ECONOMY
Fed Worried About Inflation Risk as It Firmed Up Tapering Plan
Minutes of their Sept. 21-22 Fed meeting, released Wednesday, revealed a stronger consensus over scaling back the $120 billion in…
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How two key market dynamics have shifted before our very eyes
Financial markets depend heavily on the concepts of liquidity and marketability. But these two market dynamics no longer function as…
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US economists scoop Nobel Prize for labour market research
The Nobel Prize in Economic Sciences was awarded to David Card, Joshua Angrist and Guido Imbens for their work on…
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El-Erian: Policy pivot needed to tame stagflation threat
A stream of recent data suggests that the global economy is showing signs of stagflation, that odd 1970s-style mixture of…
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Sunak ‘proud to back Brexit’ as spectre of tax rises looms
Chancellor Rishi Sunak said he was “proud” to back Brexit, and has laid the path for potential future tax rises to…
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Powell gets Biden’s backing amid criticism
President Biden said he has confidence in Federal Reserve chairman Jerome Powell after senator Elizabeth Warren on Tuesday escalated her criticism of…
Read More » - Politics
Economic Policy Institute Names Economist Heidi Shierholz Its Next President
With Joe Biden in the White House and Democrats holding the slimmest of majorities in Congress, progressives have managed to…
Read More » - Investing
Why Hurricane Ida Means Higher Pump Prices For Gasoline
A utility worker photographs waves as they slam against a sea wall at the city marina as outer bands ……
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