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Spain's ten-year plan to put startups in the economic driving seat
Image Credits: Juanedc / Flickr under a CC BY 2.0 license. Spain is preparing to push forward with pro-startup legislation, having recently unveiled a big and bold transformation plan with the headline goal, by 2030, of turning the country into…
Analysis: The two Americas of the Covid economy
(CNN) Do you read the following headline from CNN Business and get a little nervous? Housing market concerns begin to emerge If the answer is yes, you're probably among the group that includes homeowners and investors -- and whose frustration with…
Economists are scared to tell you the good news about the US economy
Economists have been constantly underestimating the US economy since the start of the pandemic. Even now, the consensus is wildly underestimating 2021 GDP growth — which could hit 8% to 10%. Fiscal stimulus, pent up spending, COVID vaccines…
Powell Pledges to Maintain Fed's Easy-Money Policies Until Economy Recovers
WASHINGTON—Federal Reserve Chairman Jerome Powell repeated Wednesday the central bank's intention to maintain ultralow interest rates and continue hefty asset purchases until the economy recovers further, in a second consecutive day of…
WSJ News Exclusive | Biden Economic Aide Sees Steady Recovery as Covid-19 Vaccinations Progress
WASHINGTON—Economic activity will pick up as the pandemic recedes and Americans are vaccinated against Covid-19, but the recovery will be gradual rather than sudden, a top economic adviser to President Biden said Wednesday. “It is a…
Why optimism about the economy is so important
The writer is a public policy professor at the University of Cambridge Economists think people's expectations are important in shaping their decisions, from whether to invest in expanding a business to buying a house or spending years studying to…
IMF chief urges G20 action to reverse global economy's 'dangerous divergence
WASHINGTONWASHINGTON (Reuters) - Group of 20 countries should take strong policy actions to reverse a 'dangerous divergence' that threatens to leave most developing economies languishing for years, the head of the International Monetary Fund said…
South Africa minister warns economy 'dangerously overstretched'
South Africa is pushing ahead with plans to shore up its precarious public finances as officials warn the economy is “dangerously overstretched” despite the recent boom in commodity prices. Finance minister Tito Mboweni hailed…
Economic pain from pandemic upends the lives of restaurant owners, entertainers
FREDERICKSBURG, Va.FREDERICKSBURG, Va. (Reuters) - The reality has not yet sunk in for Pepe Diaz that the beloved deli he ran with his brother for more than 30 years is permanently shut. 'The camaraderie with all the students and the regular…
Is unaffordable California still the land of economic opportunity?
California is the land of opportunity because we were opportunistic. By luck, agility or careful planning, we transformed events to our advantage. California grew as Depression-era migrants, demobilized veterans and immigrants provided the tough…
Markets Suggest the Economy Is Booming. The Recovery Has a Long Way to Go, Though.
Markets are signaling that an economy that plunged into its deepest recession in decades just a year ago is ready to roar. Major U.S. stock indexes have set 32 record highs in 2021, including Wednesday's 424-point surge by the Dow industrials to…
South Sudan, IMF in Talks on Funding Program to Support Economy
Photographer: Akuot Chol/AFP/Getty Images South Sudan is in talks with the International Monetary Fund on financing the nation need to boost its economic recovery, according to the central bank chief. That would be the second IMF deal with South…
Economics professor Ross Garnaut says Australia voluntarily keeps hundreds of thousands unemployed
This could take a while to sink in. With weeks to go before the JobSeeker rate is cut, one of Australia's most respected economists has suggested there are potentially hundreds of thousands of Australians on unemployment benefits who shouldn't be…
Jason Riley: Thomas Sowell's Unique Insights on Race, Economics, and Politics
Thomas Sowell is one of the most influential economists, syndicated columnists, and social critics of the past half-century, having authored provocative, best-selling books on everything from race relations to childhood development to, most…
Powell Says Better Child Care Policies Might Lift Women in Work Force
Jerome H. Powell, the Federal Reserve chair, suggested on Wednesday that improved child care support policies from the government might help pull more women into the labor market. The Fed chief studiously avoided commenting on specific government…
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