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“Heading for a midterm rout, Biden is doubling down on his failures” As Joe Biden’s Hindenburg of a presidency continues its fiery descent into historically low popularity, the whiz kids at the White House think they have a solution. Their answer, amazingly, seems to be to double down on their cavalcade of failed policies and…
“Stagflation is staring Biden in the face — but he refuses to change course” First we were told inflation was imaginary. Then we were told it was “transitory,” the result of COVID-inflicted supply-chain problems. Then we were told it was Russian President Vladimir Putin’s fault. Now people are starting to admit the massive runaway spending of the Biden…
“US economy shrank by 1.4% as inflation takes toll on GDP” The US economy contracted by 1.4% in the most recent quarter, shrinking for the first time since the pandemic-induced recession two years ago as inflation continues to surge, according to government data released on Thursday. The Commerce Department’s estimate Thursday of the first quarter’s…
“Dow plunges 800 points as Fed signals steeper rate hikes to combat inflation” The Dow suffered its worst one-day loss since October 2020 as investors weighed the possibility that the Federal Reserve could hike interest rates more than expected and digested days of disappointing earnings results. The S&P 500 fell 2.8%, closing out a third…
“Justin Trudeau offers no timeline for first-time home buyer bill” Politics Insider for April 22: Poilievre turns attention to affordable housing; Russia bans a bunch of Canadians; and a call to replace 24 Sussex Welcome to a sneak peek of the Maclean’s Politics Insider newsletter. Sign up to get it delivered straight to your inbox in the morning. CTV asked Pierre Poilievre…
“Europe’s economic troubles threaten entire globe’s finances” Troubles have come to the eurozone economy not as single spies but in battalions. First, it was the COVID pandemic, which hit major eurozone economies like those of Italy and Spain particularly hard. Then it was a surge in eurozone inflation to record levels, which will soon force…
“Inflation rate surpasses a three decade high” Politics Insider for April 21: Prices jump more than expected in March; Freeland and allies stage a G20 walkout; Poilievre’s brewing battle Welcome to a sneak peek of the Maclean’s Politics Insider newsletter. Sign up to get it delivered straight to your inbox in the morning. Inflation rose to 6.7 per cent in March,…
” As labor struggle takes center stage, can DAOs democratize work? “ Web3 has given rise to a number of innovative business models. In particular, decentralized autonomous organizations (DAOs) have started gaining traction as Web3 as the creator economy comes to fruition. Natalie Salemink, CEO and founder of Prismatic — a tooling and treasury management…
“Shanghai allows 4 million out of homes as virus rules ease” Shanghai allowed 4 million more people out of their homes Wednesday as anti-virus controls that shut down China’s biggest city eased, while the International Monetary Fund cut its forecast of Chinese economic growth and warned the global flow of industrial goods might be disrupted….
” ‘There are already digital means of payment:’ EU Commission gets 11,000 public comments on CBDC project “ In less than two weeks that passed since the European Commission opened its “Digital euro for the EU” initiative up to public consultation, more than 11,000 individuals and organizations left their feedback on the website. The feedback…