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Financial crisis


Much of the economic decay that set in after 9/11 can be directly linked to the political response to the atrocities. That’s not to say that the US Federal Reserve was wrong to cut interest rates and flood the system with liquidity, or that the Bush administration’s panic reaction in promoting the mother of all …

Pope Francis will send nearly a quarter of a million dollars to help people in Haiti, struggling in the aftermath of a deadly earthquake in a global pandemic. The Vatican Dicastery for Integral Human Development said in a statement on August 24 that the Pope decided to send “an initial contribution” of US $ 235,000 …

BEIRUT (AP) – Millions of people in Syria and Iraq risk losing access to water, electricity and food due to rising temperatures, record water levels due to lack of rainfall and drought, international aid groups warned Monday. The two neighboring countries, both stricken by years of conflict and mismanagement, need swift action to tackle severe …

– Advertising – – Advertising – ShareTweetShareShareEmailShare Share this article: Godongwana told the Constitutional Court that the civil servants’ request is incompatible with the Constitution’s Bill of Rights, the rule of law, the principle of legality, the doctrine of the separation of powers and competing claims on scarce fiscal resources. during the circumstances of Covid-19. …

The worst of the COVID crisis could be in the rearview mirror for the commercial real estate market, according to an industry insider. “I still think the worst is behind us and the commercial real estate market is getting stronger,” Marcus & Millichap’s John Chang said in a recent video. “But we’re not out of …

Tamil Nadu’s Finance Minister Palanivel Thiaga Rajan on Monday said the state’s fiscal situation was “unsustainable” and accused the previous All India government Anna Dravida Munnetra Kazhagam of mismanaging the economy, reported The Hindu. Publishing a white paper on the financial condition of the state, Thiaga Rajan said that Tamil Nadu’s income deficit situation since …

August 7, 2021 T12 YEARS after the birth of bitcoin, governments still struggle to deal with cryptocurrencies. Britain has banned Binance, a crypto exchange, and European Union regulators want transactions to be more traceable. On August 3, Gary Gensler, chairman of the US Securities and Exchange Commission, said the cryptocurrency markets were “rife with fraud, …

August 7, 2021 A COMMITTEE OF eight eminent economists formalized it on July 19. The covid-19 recession, the deepest in the United States since the Depression, was also the shortest, covering only March and April 2020. This tests the very definition of a recession, which the National Bureau of Economic Research described as “a significant …

Windhorst tries to write off debts by selling investments Businessman behind Hertha football club says he made ‘mistakes’ Windhorst is not affected by the Berlin prosecutor’s investigation FRANKFURT, Aug 4 (Reuters) – Lars Windhorst, the businessman behind German football club Hertha Berlin, has said he will repay more than one billion euros ($ 1.2 billion) …

As chief economic adviser to India’s Ministry of Finance in 2010, Kaushik Basu was convinced that the government’s decision to end price controls on gasoline and diesel was the right one. But after the announcement of the policy change and a series of media interviews, Basu, then in office for about six months, wrote in …