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Spencer Platt/Getty Images US stocks opened mixed on Wednesday with the Nasdaq up after seven consecutive declines. The Federal Reserve will release its beige book report in the afternoon, ahead of the next FOMC meeting later this month. A Wednesday Wall Street Journal article suggested that another 75-basis-point rate hike could hit in September. US stocks […]
Lord Sumption has railed against suggestions of even tougher restrictions in the country’s national lockdown. A new Good Morning Britain poll suggested that the UK wants stronger restrictions, with more than 50 percent of adults backing a curfew from 8pm each night. Lord Sumption argued that only the “old and vulnerable” should isolate as he […]
The Green New Deal touted by Democrats largely dispenses with cost-benefit analysis
The Green New Deal touted by Democrats largely dispenses with cost-benefit analysis
REUTERS/Carlos Barria President Donald Trump on Thursday canceled the US delegation’s annual trip to the World Economic Forum in Davos, Switzerland, “out of consideration” for the furloughed federal employees amid the ongoing partial government shutdown. Trump attended the forum in 2018 but was expected to send a delegation of senior US officials this year. The […]
Russian President Vladimir Putin may attend the World Economic Forum (WEF) in Switzerland, the Kremlin has hinted on Wednesday. Putin has not attended the prestigious business and political meeting since 2009. “There is an old, constantly renewed invitation for Putin to come to Davos,” presidential spokesman Dmitry Peskov told journalists. He added that the final […]
How much less do you value your descendants’ lives than your own?
Experimentation, not ideology, has fuelled its four decades of growth
CLIMATE CHANGE is many problems in one. Developing and deploying zero-carbon technologies is a formidable challenge. So is the politics of co-ordinating disparate groups to achieve the necessary collective action. In America, where the Republican Party persists in climate denialism, it is an epistemological pickle. Policymakers met in Katowice, Poland, this week to discuss implementing […]
The spread between US 2-year and 10-year bond yields – a key indicator of recessions – fell sharply to its lowest level in 11 years this week. Deutsche Bank says the risk of a recession is “very low” over the next 12 months, but rises significantly to 80% over a three-year time frame. However, the […]
