Why are some nations rich and others poor? Can the governments of poor nations do something to ensure that their nations become rich? These sorts of questions have long fascinated public officials and economists, at…
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A working paper published yesterday by the Bank for International Settlements (BIS) proposes a new method for governments to defend their finances from self-fulfilling market panics. Author Anna Zabai proposes linking government borrowing to the…
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Ever wondered about the secret to a long life? Perhaps understanding the lifespans of other animals with backbones (or “vertebrates”) might help us unlock this mystery. You’ve probably heard turtles live a long (and slow)…
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© Reuters. By Zhang Mengying Investing.com – Oil was down on Friday morning in Asia as fears of slower demand from slowing U.S. economic growth and supply concerns weighed on the market. inched down 0.09% to…
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President Joe Biden called on Congress to suspend the federal gas tax to “bring families just a little bit of relief” as average gasoline prices exceed US$5 a gallon. The tax is 18.4 cents on…
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© Reuters. FILE PHOTO: Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant/ By Laila Kearney NEW YORK…
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If you’re looking forward to shooting off bottle rockets and Roman candles this Fourth of July, I’ve got good news and bad news. The bad is that fireworks prices are soaring this year along with…
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After three consecutive dry winters from 2015 to 2017, “Day Zero” – when the taps would run dry – loomed large for the South African city of Cape Town and its surrounds in 2018. Municipalities…
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Mario Marcel, the former governor of the Central Bank of Chile, told the Central Banking Summer Meetings 2022 “credibility, trust and communication” were critical to central bank policy-making. Marcel, who became finance minister of Chile…
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© Reuters. FILE PHOTO: Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China…
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