Economy Watch

Most recent stories in Economy Watch

• ▫️ Russia has $100 million in foreign debt payments due Sunday night, as a 30-day grace period ends. ▫️If bondholders don't receive payment on time, Russia will see its first default since 1998. ▫️La … More

  

  Jerry Bucknoff

  

  2 days ago

  Russia is days away from a historic debt default as a $100 million payment comes due with Moscow cut off from the global financial system

  Business Insider - Phil Rosen

  As the West keeps Russia barred from global financial systems, Moscow is barreling toward its first default since 1998 as its deadline for a $100 million debt payment approaches. By Sunday night — the last day of a 30-day grace period — Russia must pay roughly $100 million to bondholders, or else it …

• After a year of reporting on the tax machinations of the ultrawealthy, ProPublica spotlights the top tax-avoidance techniques that provide massive benefits to billionaires.

  

  Jerry Bucknoff

  

  2 days ago

  Ten Ways Billionaires Avoid Taxes on an Epic Scale

  propublica.org - Paul Kiel

  After a year of reporting on the tax machinations of the ultrawealthy, ProPublica spotlights the top tax-avoidance techniques that provide massive …

• The Bank of England governor has blamed the war in Ukraine for the highest inflation in the UK for three decades and warned that “apocalyptic” food prices caused by Russia’s invasion could have a disa … More

  

  Jerry Bucknoff

  

  May 16

  ‘Apocalyptic’ food prices will be disastrous for world’s poor, says Bank governor

  The Guardian - Larry Elliott Economics editor

  The Bank of England governor has blamed the war in Ukraine for the highest inflation in the UK for three decades and warned that “apocalyptic” food prices caused by Russia’s invasion could have a disastrous impact on the world’s poor. Defending Threadneedle Street before an announcement on Wednesday …

• Over the past few weeks, many employers started scrambling to tighten their budgets due to rising inflation, rumblings of a looming recession and swings in the crypto market. Tech giants like Uber and … More

  

  Jerry Bucknoff

  

  2 days ago

  'It's almost unbelievable': People are having their job offers rescinded days before they start

  CNBC - Jennifer Liu

  Joynese Speller was excited to start a new job as a project delivery specialist for a health care company on June 6. As she wrapped up at her old …

• Chronic poverty in the developing world can seem like an insoluble problem. But a long-term study from Bangladesh co-authored by an MIT economist presents a very different picture: When rural poor peo … More

  

  Jerry Bucknoff

  

  May 10

  Study shows the poor simply lack opportunities to gain wealth, but a one-time boost can make a major difference

  phys.org - Peter Dizikes

  Chronic poverty in the developing world can seem like an insoluble problem. But a long-term study from Bangladesh co-authored by an MIT economist …

• Despite repeated official denials, the democratic world’s joint efforts are doing increasing damage to the Russian economy.

  

  Jerry Bucknoff

  

  4 days ago

  Russia Begins to Pay the Price for Sanctions

  LaPresseUSA

  Russia is now the world leader in the number of sanctions imposed (more than 5,500 measures), overtaking even Iran. While the Kremlin insists that …