Subterms
The US Postal Service lifted my family out of poverty. We can’t let it die David Ferguson The USPS is a lifeline. Why do conservatives want to destroy it? A US Postal Service worker makes his deliveries in El Paso, Texas. Working for the USPS means a stale job that pays a living wage – […] More
The venture capitalist with a Silicon Valley solution for minority-owned businesses Gene Marks A new kind of venture capital fund would use money from the US government to invest in companies that most need it A new type of venture capital fund would use government money to invest in minority and women-owned businesses. Photograph: Octavio […] More
National legislations across the European Union — with the exception of states that have implemented their own digital laws, such as Germany and France — are very difficult to enforce when it comes to online. This is because, in the absence of overarching legislation that would govern digital space, tech giants implement community standards that may sometimes contradict the […] More
Life used to be so easy for central banks. A tweak here and a tweak there was all it took to keep inflation under control. Now they are creating money in unprecedented amounts and contemplating negative interest with only the sketchiest idea of how things will pan out. It is much more complex and much […] More
Jerome Powell: recession could exacerbate income inequality Long-term consequences likely to be severe without stimulus Jerome Powell at a press briefing in March. He told the banking committee on Tuesday: ‘Until the public is confident that the disease is contained, a full recovery is unlikely.’ Photograph: Eric Baradat/AFP via Getty Images The Federal Reserve chair, […] More
Dubai — memorably called the world’s fastest city by author and analyst Jim Krane — was already traveling in the slow lane when COVID-19 arrived. The Gulf city-state is one of seven that make up the United Arab Emirates. It had survived the crash of 2009 and thrived anew on tourism, transportation, financial and property markets. However, […] More
It’s the economy, stupid – but will Trump or Biden win the argument? The coronavirus has upended things – and there are problems for the candidates as they try to make the economy a key campaign plank Donald Trump at a Honeywell factory in Phoenix in May. The economic argument for November’s election has become deeply […] More
Businesses have taken at least half a trillion dollars in coronavirus aid from the American public, and the government is refusing to disclose which companies are getting the money. The lack of oversight in the system for US lawmakers’ “paycheck protection program” makes the historic levels of spending ripe for abuse. The media and watchdogs […] More
