Jake Johnson commondreams.org Jake Johnson is a staff writer for Common Dreams. The expert chorus warning that the Federal Reserve is on the verge of plunging the U.S. into a painful recession has grown markedly louder in recent weeks as the central bank plows ahead with large interest
Steve Schifferes City, University of London Andrew Burlinson Catherine Waddams University of East Anglia Brian Scott-Quinn University of Reading Morten O. Ravn UCL Steven McCabe Birmingham City University Professor Schifferes was Marjorie Deane Professor of Financial Journalism and the first Director of the Financial Journalism MA at City from
So, how’s that proxy war in Ukraine going? The War Machine in Washington would have us believe that it’s totally worth the endless months of death and destruction to bring the Russian bear to its knees. Except that that doesn’t look like happening any time soon. Despite
Rising food prices are continuing to slam Kiwi budgets, National’s Finance spokesperson Nicola Willis says. “Data released by Statistics New Zealand today show that food prices have increased by an average of 8.3 per cent in the last 12 months, which included a 16 per cent increase in
The economic wizards of the Labour Party have launched their farms emissions scam, where it is their stated goal to start taxing cow and sheep farts, burps and wees, as well as to reduce herds by 16-20%. Apparently, this will have minimal impact on prices and lead to the
The aftershocks of Dan Andrews’ lockdowns continue to rumble through the Victorian economy. Despite a surprise lead showing in the Commonwealth Bank’s State of the States report back in July (the first time Victoria had claimed the top spot since half a year before Covid), the harsh reality is
Tax and spend, break promises… tell me this isn’t a Labor government. During the election campaign, Labor promised everything from tax cuts to cost-of-living reductions — including a specific promise to cut power bills by $275. Every single promise has been broken or is about to be. And
A quick scan of this week’s news headlines sees Sleepy Joe Biden (once again) blaming US energy firms for the high price of fuel for the average American. In public comments and private meetings with oil executives, administration officials are warning that the White House could take extraordinary — and
The Reserve Bank’s decision to increase the Official Cash Rate by 50 basis points today means yet more pain for anyone with a mortgage. Not since the dawn of the OCR have New Zealanders experienced such a relentlessly steep climb in interest rates. A 50 basis points rise is
National Party leader Christopher Luxon has defended National’s tax-cut policy while fighting back claims the plan could be a financial disaster. It comes after UK Prime Minister Liz Truss was forced to U-turn scrapping the top rate of tax after the announcement caused turmoil on the financial
With all of the terrible things this Labour Government is guilty of – corruption in its ranks, dividing the country along racial lines, confiscating public assets, to name but a few – one thing no one seems to mention much is their disgraceful attitude to money. Not just any money, but taxpayers’
Mark Freeman The closure of the Marsden Point oil refinery in April this year is a serious security threat to New Zealanders, according to an independent report into the closure. Operation Good Oil is a summary report and public awareness campaign by three citizen researchers. The closure poses “a very
Peter Murphy cfact.org Peter Murphy is Senior Fellow at CFACT. He has researched and advocated for a variety of policy issues, including education reform and fiscal policy, both in the non-profit sector and in government in the administration of former New York Governor George Pataki. He previously wrote
Fred Too Information Opinion The Economist recently ran an article saying households across the rich world have never been so gloomy. Apparently they are even more gloomy than during the 2008 Global Financial Crisis or the first lockdowns of 2020. The Economist says the obvious explanation of high inflation is
The Government loves to tell us that they always listen to the opinion of experts. I seriously doubt though that they will listen to the opinion of Dr Bryce Wilkinson, who has a background in public policy analysis, and comments on fiscal issues, poverty, inequality and welfare research. In 2020,
