Employment and seasonally adjusted GDP both grew during the first three months of this year compared to late 2023.
Russian leader Vladimir Putin is replacing his longtime defense minister Sergei Shoigu, 68, with an economist.On Sunday, Putin named former deputy prime minister and economic development minister Andrey Belousov, 65, as his new defense chief."Today on the battlefield, the winner is the one who is more open to innovation," Kremlin spokesperson Dmitry Peskov said of Belousov's appointment, per state news agency TASS. "Therefore, it is natural that at the current stage, the president decided that...
Changing the defense ministry leadership signals that Russia’s president is “preparing for many more years of war.”
Heritage Economist E.J. Antoni saw right through retailer Target’s attempt to once again push summer LGBT propaganda while avoiding a repeat of the backlash they faced in 2023. During the May 10 edition of Newsmax’s The National Report, Antoni ripped Target, which made headlines in 2023 for selling “pride” apparel from a Satanic designer and “pride” gear for children. On May 9, Target published a statement on its 2024 “pride” collection, which the retailer said, “Will be available on...
Heritage Economist E.J. Antoni saw right through retailer Target’s attempt to once again push summer LGBT propaganda while avoiding a repeat of the backlash they faced in 2023. During the May 10 edition of Newsmax’s The National Report, Antoni ripped Target, which made headlines in 2023 for selling “pride” apparel from a Satanic designer and “pride” gear for children. On May 9, Target published a statement on its 2024 “pride” collection, which the retailer said, “Will be available on...
Forecasters expect this week's inflation report to show Canada's inflation rate fell last month, but financial markets are still unsure whether a June interest rate cut is in the cards for the Bank of Canada. Statistics Canada is set to release its April consumer price index report Tuesday. The new inflation data will be consequential for the Bank of Canada as it gears up for its June 5 interest rate decision. BMO chief economist Douglas Porter says he expects the annual inflation rate...
U.S. Trade Representative Katherine Tai made the case for President Joe Biden’s new China tariffs on Wednesday, claiming that not only are they worth the trouble, but they will not cause prices to rise at all. “First of all,” she said when asked if prices would jump the way they did following Donald Trump‘s tariffs, […]
The Economist claims to "produce journalism of sometimes radical opinion with a reverence for facts." Judging from a recent Economist article concerning Latin America's problems with crime, it appears the London-based publication might be short on reverence. A May 8 article entitled "How to pacify the world's most violent region" kicks off with a note on crime in Durán, Ecuador, where the murder rate last year was 148 per 100,000 residents. The article suggests that Durán is the "worst...
WASHINGTON (OSV News) — The U.S. fertility rate has slowed to a new record low, according to an analysis recently published by the Centers for Disease Control and Prevention. But experts said there does not appear to be any one policy that could reverse a complex trend. Experts who spoke with OSV News suggested that […] The post Fertility decline a complex trend beyond any one policy solution, economists say first appeared on OSV News.
Bank Negara Malaysia (BNM) did not surprise the market by keeping the overnight policy rate (OPR) at 3%. Economists, in general, do not see any valid reason for BNM to either raise or cut the benchmark interest rate for the rest of 2024 despite contrasting regional monetary policy moves thus far.
On Friday’s “CNN Newsroom,” Moody’s Analytics Chief Economist Mark Zandi stated that people in the top third of the income distribution are doing quite well, but those in the middle are “okay” and the bottom third face “very, very difficult,
Analysts take a look at what economist Andrei Belousov can bring to the Russian defense ministry.