Tag: economic policies

Arizona Farmers Say Illegal Alien Traffic Through Fields Contaminates Crops and Threatens Food Security

January 16, 2023
agricultureArizonaBorder WallBusiness & MarketsCompanieseconomic policieseconomyExecutive Branchillegal aliensJudiciaryLocal NewsMarketsNational SecurityPolicies & ImpactsPoliticsRegional-Local NewsUS
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Arizona farmers are warning that illegal alien traffic through farmland is contaminating crops and threatening the nation’s food security. The border crisis is putting the nation’s food security in danger, two Arizona farmers with fields near the southern border told Fox News in an exclusive. President Joe Biden promised Arizona residents earlier this month that he…

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Energy Boss Says High Prices Are Here to Stay Thanks to Net Zero and Windfall Taxes

January 16, 2023
Business & MarketsCompanieseconomic policieseconomyenergyenergy pricesEuropenet zeroRishi SunakUKwindfall taxWorld
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Energy bills will remain higher for years, the boss of one of Europe’s biggest gas companies has warned. Equinor Chief Executive Anders Opedal told the BBC that the cost of governments’ attempt to reach “net zero” emissions targets and windfall taxes on energy firms will make it hard for prices to fall. Norway’s Equinor is…

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Global Jobs Growth Will Halve in Challenging 2023: ILO

January 16, 2023
Business & Marketseconomic policieseconomyglobalgrowthILOinflationInternationaljobslaborMarketsrecessionWorld
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LONDON—Global employment growth is expected to slow down sharply to 1 percent this year compared to 2 percent in 2022, hit by the economic fallout of the war in Ukraine, high inflation, and tighter monetary policy, the International Labor Organization (ILO) said on Monday. At the same time, the number of unemployed people in the…

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Household Wealth Optimism Collapses, Global Survey Shows

January 16, 2023
Business & MarketsDavoseconomic policieseconomyenergyEuropeglobalhouseholdinflationInternationalwealthWorld
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Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households. The Edelman Trust Barometer, which for over two decades has polled the attitudes of thousands of people, found that economic pessimism was…

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World Economic Forum Declares 2023 the ‘Year of the Polycrisis’

January 16, 2023
Business & Marketsclimate change agendaDavos AgendaDEI trainingseconomic policieseconomyenergyWorld Economic Forum (WEF)
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World Economic Forum (WEF) chairman Klaus Schwab announced the kick-off of the 53rd annual meeting of political leaders, corporate executives, and activists in Davos, Switzerland, declaring that the summit will focus on rededicating its members to a progressive climate and social-justice agenda in the midst of what he described as “unprecedented multiple crises.” “The theme…

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Dollar Steadies After Hitting 7-Month Low, All Eyes on Yen

January 16, 2023
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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SINGAPORE/LONDON—The dollar started the week on the back foot, hitting a seven-month low against a basket of major peers in Asian trade, with the yen in particular focus as traders ramped up bets the Bank of Japan will tweak its yield control policy further. The euro hit a fresh nine-month top of $1.0874 in early…

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Shares Rise, Yen Climbs as BOJ Battles Bond Bears

January 16, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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SYDNEY/LONDON—Shares firmed on Monday as optimism over corporate earnings and China’s reopening offset concerns the Bank of Japan (BOJ) might temper its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. The yen climbed to its highest since May after rumours swirled the BOJ might…

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Removal of Beijing Trade Sanctions Still a Priority for Australian PM

January 16, 2023
AustraliaBusiness & MarketsChinaChina-Australia Relationseconomic policieseconomyfree tradeIndiaInternational Relationstrade coercionWorld
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Prime Minister Anthony Albanese has continued publicly calling for Beijing to remove the trade sanctions on Australian exports. “What I’ve said very clearly is that I want to cooperate with China where we can, disagree where we must, but engage in Australia’s national interest. It is in Australia’s interest to be able to export without any…

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Dogma Trumps Democracy for America’s Climate Change Advocates

January 14, 2023
BusinessBusiness & MarketsBusiness Columnistsclimatedemocracyeconomic policieseconomyenergyFederal Reserve (Fed)Jerome H. Powell
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Commentary Federal Reserve Chair Jerome Powell dismissed the notion that the Federal Reserve should take a hand in making climate policy. “Without explicit congressional legislation, it would be inappropriate for us to use our monetary policy or supervisory tools to promote a greener economy or to achieve other climate-based goals,” he said at a forum…

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Fed’s Powell Noted ‘Balance of Risks’ in Rate Hike Path From 2018 Onwards, Transcripts Show

January 13, 2023
Business & Marketseconomic policieseconomyhikeMarketsPowellrate
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Two months before he became Federal Reserve chair, Jerome Powell urged a gradual approach to raising interest rates so that the U.S. central bank could more adequately assess the true strength of the labor market against tepid inflation, foreshadowing a cautiousness on policy that would persist under his leadership until the coronavirus crisis and its…

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