America’s public debt problem is no longer an issue which can be swept under the rug: Everyone from Wall Street veteran Jamie Dimon to Fed Chair Jerome Powell is sounding the alarm. But while some of the most influential figures in the economy are calling for an action plan, the government has continued to spend […]
Tag: economy
EU tariffs on China not a ‘punishment’, says German economy minister
BEIJING (Reuters) -Proposed European Union tariffs on Chinese goods are not a “punishment”, Germany’s Economy Minister Robert Habeck told Chinese officials in Beijing on Saturday. Habeck’s visit to China is the first by a senior European official since Brussels proposed hefty duties on imports of Chinese-made electric vehicles (EVs) to combat what the EU considers […]
How June Dairy Month reminds us of dairy’s vital role in nutrition and our local agricultural economy
Overall, June Dairy Month serves as a reminder of the vital role dairy products and producers play in our daily nutrition and the agricultural economy. Envision Greater Fond du Lac’s Agri-Business Council takes this seriously. June Dairy Month is an annual celebration dedicated to promoting and appreciating the dairy industry and its contributions to health […]
New reports point to slight turnaround in Germany’s economy
Timo Wollmershaeuser, Ifo Institute chief, speaks during a press conference at the Federal Press Conference. Fabian Sommer/dpa The Bundesbank, Germany’s central bank, described increasing optimism over the state of the country’s economy in its latest monthly report published on Thursday. The influential ifo Institute, meanwhile, raised its forecast for growth in Germany’s gross domestic product […]
Undecided voters await Biden-Trump debate with eye on economy, border and age
Gina Gannon, a retiree in the battleground state of Georgia, voted for Republican Donald Trump in 2016 before ditching him for Democrat Joe Biden in 2020 – and is now looking to next week’s debate to help her decide which one to back this year. Ms Gannon, 65, flipped to Mr Biden, she said, because […]
Undecided voters await Biden-Trump debate with eye on economy, border and age
By Helen Coster and Alexandra Ulmer (Reuters) – Gina Gannon, a retiree in the battleground state of Georgia, voted for Republican Donald Trump in 2016 before ditching him for Democrat Joe Biden in 2020 – and is now looking to next week’s debate to help her decide which one to back this year. Gannon, 65, […]
Cheaper fuel would be a win for Delaware’s economy. Sen. Carper, can you help?
The summer season is a critical time for Delaware’s economy. Millions of locals and out-of-state visitors will flock to Rehoboth Beach and other tourist destinations, creating billions of dollars in local economic activity. The season supports thousands of small businesses and jobs, with the tourism industry ranking as the fourth-largest employer in 2021. Many of […]
Biden’s Stimulus Juiced the Economy, but Its Political Effects Are Muddled
WASHINGTON — The $1.9 trillion economic stimulus package that President Joe Biden signed shortly after taking office has become both an anchor and a buoy for his reelection campaign. The American Rescue Plan, which the Biden administration created and Democrats passed in March 2021, has fueled discontent among voters, in sometimes paradoxical ways. Some Americans […]
JetBlue basic economy tickets to allow carry-on bags, will remain ‘final group to board’
JetBlue passengers with basic economy tickets will soon be able to bring a carry-on bag in addition to their personal item – so long as space permits. The airline announced Tuesday that its Blue Basic fares will include carry-on baggage starting Sept. 4, regardless of when the traveler purchased their ticket. “Carry-on bags are an […]
China could soon have to choose between fueling the Ukraine war and its access to Europe’s economy
China is facing the prospect of further G7 sanctions. The G7 has accused it of helping arm Russia against Ukraine. Balancing its support for Russia with its European trading ties is becoming tricky for China. NATO Secretary General Jens Stoltenberg this week warned China it faces a stark choice if it continues backing Russia’s Ukraine […]
Research centre added €756 million to economy, according to report
Curam, the Science Foundation Ireland (SFI) research centre for medical devices based at the University of Galway, launched an economic report that puts its value to the Irish economy at €756 million, building on 10 years of public investment. Curam was established in 2015 with an initial commitment of Government investment of €64.8 million through […]
The US economy is headed into a corporate bankruptcy cycle that will spike unemployment, veteran forecaster says
mathisworks/Getty Images The US is heading into a bankruptcy cycle that could spark more job losses, Danielle DiMartino Booth said. The veteran forecaster pointed to the rise in large bankruptcies so far this year. June could see a rise in large bankruptcies, raising unemployment, she predicted. A wave of large bankruptcies is about to hit […]