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China’s real estate mess put global economy on crutches

Beijing: The deep recession in China’s real estate companies is becoming a major problem for the country as well as for the world’s economy. The property market was one of the few cherished destinations for household savings. The developers and homebuyers were also willing to take the loans from the banks but these good days […]

High prices push Biden to focus on economy this June

The White House on Tuesday announced the launch of a new push to focus on the economy during June, as President Joe Biden called tackling inflation his “top economic priority” and laid out his strategy to combat prices driven more than 8% higher over the last year due to the pandemic, supply chain issues and […]

White House unveils a monthlong focus on the economy as prices rise and poll numbers fall

CNN — Facing rising prices and deep voter dissatisfaction, the White House this week is launching a month-long effort to signal heavy focus on the economy as inflation worries become the top concern for the White House before this fall’s midterm elections. It’s not the first time President Joe Biden and his aides have sought […]

Sale of the dollar skyrocketed to ¢695 at banks on Monday

QCOSTARICA – The dollar exchange will most likely reach ¢700 colones before the end of this week, despite the Banco Central de Costa Rica (BCCR) – Central Bank, investing millions to stabilize it. On Monday, the Central Bank intervened with almost $8 million in the Mercado de Monedas Extranjeras (MONEX) – Foreign Currency Market. However, […]

Ukraine is worthy of U.S. sacrifice

As the world sanctions Russia, China takes note

Author: Yun Jiang, AIIA China is watching closely at how countries are reacting to Russia’s invasion of Ukraine, in preparation for the day it might make its own military move on Taiwan. It is not only considering the military response, but also the economic response. Seeing the economic and financial pressure being applied to Russia, […]

Shanghai Releases 50 New Support Measures to Restart Economy

To restart its economy after a prolonged shutdown due to COVID-19 outbreaks, Shanghai authorities have proposed several new support measures in eight categories in their latest Action Plan, released May 29, 2022. These impact tax liabilities, support for operating costs, access to subsidies, and eligibility for exemptions, among other things. Enterprises don’t have to seek […]

UK’s Jubilee Bank Holiday May Nudge Economy Into a Contraction

The bank holiday to celebrate Queen Elizabeth II’s 70 years on the throne may tip the UK economy into contraction but save it from the technical definition of a recession. The day off on Thursday to mark the jubilee will shave a half percentage point off gross domestic product in the second quarter, according to […]

Columbus Police: armed robbery at Dollar General, suspect in custody

COLUMBUS, Ga. (WRBL) – Columbus Police say a suspect is in custody following an armed robbery at Dollar General. The incident happened Saturday afternoon at the Dollar General on 13th Avenue. Stay with News 3 on air and online as we work to gather more details. Read more…

Reducing the US deficit will mean pain for the middle classes

The writer is director of economic policy studies at the American Enterprise Institute After years of pandemic spending, both US political parties are refocusing on the budget deficit. Republicans blame last year’s American Rescue Plan for today’s troubling inflation. Democrats by and large dispute this, but Joe Biden is touting his deficit reduction measures and […]