Why states didn't go broke from the pandemic
May 09, 2021 10:08 am UTC| Economy
During the summer of 2020, there were many news reports about the impending state fiscal crisis due to the pandemic. A July 7 article on CNBC with the headline Cuts to basic services loom as coronavirus ravages local...
Exclusive. Top economists back budget push for an unemployment rate beginning with '4'
May 09, 2021 10:03 am UTC| Economy
Australias top economists have overwhelmingly backed a decision by Treasurer Josh Frydenberg to reset the budget strategy so that it prioritises achieving an unemployment rate of between 4% and 5% over reducing...
May 09, 2021 09:21 am UTC| Economy Central Banks
Ahead of the definitive official read of the economy from the treasury in the budget on Tuesday, the Reserve Bank has given us two special insights into its own thinking in the space of 14 hours. They suggest that...
The Bank of Canada must seize the pandemic moment and do more for Canadians
May 09, 2021 09:17 am UTC| Economy Central Banks
The Bank of Canada, like central banks around the world, is currently facing enormous upheaval and uncertainty due to the enduring COVID-19 pandemic. Will its leadership seize the moment as an opportunity to innovate...
For the EU's 'Green Deal' to succeed, economic theory must take into account qualitative growth
May 09, 2021 08:53 am UTC| Economy
The goal of the EUs ambitious new Green Deal is to put Europe on a path toward zero emissions and sustainable growth decoupled from resource use. The plan marks a sharp departure from traditional ecological approaches...
S. Korea to boost investment, tax incentives for non-memory chips
May 08, 2021 23:58 pm UTC| Economy
South Korea plans to expand investment and tax incentives for the semiconductor segment to foster the non-memory chip industry and cope with the global automotive chip shortages. Industry Minister Moon Sung-wook said...
Beam Suntory releases bourbon-based ready-to-drink Jim Beam in US
May 08, 2021 23:50 pm UTC| Economy
Beam Suntory added two new ready-to-drink cocktails featuring a bourbon base in its Jim Beam offering in the US. The Jim Beam Ginger Highball combines bourbon with ginger ale while its Jim Beam Classic Highball pairs...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects