Crisis

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Lower oil prices on horizon as China enters next phase of Covid crisis | OilPrice.com

Since the late 1990s, China has been the big beast in global oil markets, driving demand for the oil and other commodities it used to fuel double-digit economic growth every year for many years. then high single-digit growth for years. . As recently as 2017, China’s high economic growth rate still allowed it to overtake …

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Why are so many people leaving the workforce amid a UK cost of living crisis?

Ssomething strange is happening in the UK labor market. Even as unemployment nears its lowest level since the mid-1970s and businesses across the country struggle to recruit enough staff to fill positions, growing numbers of people are leaving the labor market altogether. work. Rising economic inactivity – when working-age adults are not in and looking …

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"It's a crisis."  Why more workers need access to retirement savings

“It’s a crisis.” Why more workers need access to retirement savings

Secretary of Labor Marty Walsh speaks during a press conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters Most American workers dream of a comfortable retirement. Yet many find that their money falls short of this goal when they reach their golden years. Much of the problem is related to …

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"It's a crisis."  Why more workers need access to retirement savings

“It’s a crisis.” Why more workers need access to retirement savings

Secretary of Labor Marty Walsh speaks during a press conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters Most American workers dream of a comfortable retirement. Yet many find that their money falls short of this goal when they reach their golden years. Much of the problem is related to …

“It’s a crisis.” Why more workers need access to retirement savings Read More »

Crisis Managers Warn Bankman-Fried: Shut Up

Crisis Managers Warn Bankman-Fried: Shut Up

“Every time he opens his mouth, he increases his civil and criminal liability,” said Niki Christoff, a Washington-based strategy consultant who previously held senior positions in political communications at Uber and Google. “It costs nothing to be quiet, but he can’t seem to do it.” FTX CEO Sam Bankman-Fried testifies during a hearing before the …

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Sober or bright?  Europe facing holidays during the energy crisis

Sober or bright? Europe facing holidays during the energy crisis

VERONA, Italy (AP) — Early-season revelers sipping mulled wine and shopping for holiday decorations packed the Verona Christmas Market for its inaugural weekend. But beyond the wooden market stalls, the Italian city has yet to decorate its granite-clad pedestrian streets with twinkling Christmas lights as officials debate the brightness of the season during an energy …

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China is finally trying to solve its housing crisis

China is finally trying to solve its housing crisis

More than a year after one of China’s biggest property developers began collapsing, unrest has spread to cities across the country. Dozens of other developers also defaulted on debt payments, sales of new homes plummeted and construction cranes stopped at many sites. This week, the Chinese government, which so far has remained largely on the …

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US retailers face first real sales drop since financial crisis

US retailers face first real sales drop since financial crisis

U.S. retailers are facing their first real revenue drop since the global financial crisis this holiday season, even as resilient consumer spending poses challenges for officials seeking to tame inflation. Black Friday, the informal start of peak shopping season, falls at a turning point for consumer spending this week as the highest inflation since the …

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New England 'imports European prices' in looming gas supply crisis

New England ‘imports European prices’ in looming gas supply crisis

A European-style winter energy crisis is looming over New England in the northeastern United States, even as US producers of natural gas export record volumes and a wave of fuels crosses the Atlantic. Utility bosses in the region have called for emergency help from Washington in anticipation of a crisis, while lashing out at a …

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Getting out of our dependence on growth is the way out of the climate crisis. Here’s how | Larry Elliot

For three centuries there has been a consensus on the objective of economic policy. Since the dawn of the industrial age in the 18th century, the goal has been to achieve as rapid growth as possible. It is not difficult to see why there has been this concentration. Growth has raised living standards, increased life …

Getting out of our dependence on growth is the way out of the climate crisis. Here’s how | Larry Elliot Read More »