SYDNEY – Australia will raise the minimum wage by 5.75% from July 1 as families grapple with soaring living costs, a decision that businesses and some economists say risks further stoking inflation and interest rates. The independent Fair Work Commission ...
The UK’s most prominent business lobby group, the Confederation of British Industry, is to lay off a swathe of its staff as it fights for survival amid a crisis prompted by multiple sexual misconduct allegations. The CBI needs to cut ...
Uncertainty about whether the UK economy will tip into a recession caused by sky high inflation and the Bank of England hiking interest rates aggressively to tame it is keeping businesses grounded, a new survey out today shows. A five ...
Food prices in the UK have soared at their fastest rate for almost 45 years, with grocery prices rising by 19.1% in the year to April. “I know people are paying more for their bag of potatoes or bag of ...
British Airways has been fined $1.1 million by the U.S. Transportation Department (USDOT) for failing to provide timely refunds to passengers for flights to and from the United States during the COVID-19 pandemic. This penalty aims to serve as a ...
Britain’s major retailers and food manufacturers are increasing their lobbying efforts to postpone significant environmental reforms that will require them to pay for the collection and recycling of household packaging waste from next year. The proposed “extended producer responsibility” (EPR) ...
It’s been a while since we discussed international stock markets. Above is the Relative Rotation Graph that shows the rotation for a group of international stock market indices against $DJW, The Dow Jones Global Index. Looking at this chart I ...
[This article is adapted from a lecture delivered at the Reno Mises Circle in Reno, Nevada. on May 20, 2023.] We are faced today with a concentrated attack on the great thinkers of the Western tradition, who are dismissed as ...
President Biden recently claimed that “trickle-down economics” doesn’t work but transferring wealth from taxpayers to politically connected people is the real trickle-down economics. Original Article: “Government Redistribution Is the REAL Trickle-Down Economics” ...
On this first episode of the Fed Watch Podcast, Ryan McMaken and Senior Fellow Alex Pollock talk about how the Federal Reserve has negative cash flow. The Fed will print money to “solve” the problem. Be sure to follow the ...