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Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time to acknowledge that fact and do away with it altogether. ...
The Federal Reserve claims to be independent and politically neutral. But since its actions have political ramifications, it is impossible for the Fed to be either. ...
In the wake of the COVID-19 pandemic, many individuals found themselves facing uncertain futures as job opportunities dwindled and economic instability loomed. Among them was James Dean, a 25-year-old from southwest London, who, like countless others, was let go from ...
SINGAPORE — China is falling short on key targets for tackling climate-warming emissions, and analysts said Beijing’s credibility in global climate talks could be at risk unless it redoubles its efforts to get back on track. The Chinese government has ...
LONDON — Banks in Britain will be allowed to hold up payment transfers for an extra three days if they have grounds to suspect a customer is being conned by fraudsters, the finance ministry said on Tuesday. Regulators are cracking ...
SYDNEY — Australian Foreign Minister Penny Wong said on Tuesday that Prime Minister Benjamin Netanyahu was undermining Israel with his approach to the war in Gaza and urged the country to change course or lose even more international support. US ...
A FORMER Boeing Co. worker who raised concerns about the planemaker’s production standards at its North Charleston 787 Dreamliner factory has been found dead, the BBC reported. John Barnett, who worked at Boeing for 32 years until his retirement in ...
Rishi Sunak has sparked controversy by endorsing the construction of new gas-fired power stations, stating that he will prioritise energy security and avoid jeopardising it. The government’s plan, to be announced today, aims to bolster gas power capacity, providing investors ...
The surge in entrepreneurship among individuals aged 50 and above post-pandemic has led to a significant milestone for Start Up Loans, a part of the British Business Bank. Since its inception in 2012, Start Up Loans has provided over £140 ...