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“How a looming economic crash abroad could smack US shores” In 2008, we learned how very interconnected the world economy has become. A bankruptcy at Lehman, a relatively small US investment bank, shook the world financial system. It also plunged the world economy into its worst postwar recession up ’til then. This interconnectedness is why…
“#Europe approves stimulus in response to lockdowns hurting businesses” FRANKFURT, Germany — The European Central Bank unleashed another half-trillion euro ($600 billion) wave of stimulus as a winter surge in COVID-19 infections shuts down large parts of the economy and wipes out pre-Christmas sales revenue ahead of the region’s most important holiday. The 25-member governing…