Posts From Julie Young
Why is inflation in America so low?
ALMOST TEN years into the recovery from the financial crisis, American monetary-policymakers are still finding that inflation is strangely quiescent. Every time price pressures seem to build, they then dissipate. The latest peak was in July 2018. Inflation as measured
A crisis at India’s Jet Airways deepened on Tuesday as an increasingly worried government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries. The Civil Aviation Minister, Suresh Prabhu, asked
U.S. Senator Bernie Sanders, the Vermont progressive whose 2016 White House campaign garnered fervent grassroots support and pushed the Democratic Party sharply to the left, said on Tuesday he would again seek the party’s presidential nomination in 2020. Sanders, 77,
AS DEALS GO, the New one was a big one. Franklin Roosevelt’s plan to yank America out of depression permanently altered the contours of the country’s economy and politics. Proponents of a “Green New Deal” harbour similar ambitions. Though
This Open Banking Startup Just Raised $20 Million from Group Including Goldman Sachs and HSBC
The open banking fintech startup Bud just completed its series A funding round, securing $ 20 million from a group that includes Goldman Sachs and HSBC, plus banks in Australia, South Africa, and Spain. The London-based startup provides a platform
PUERTO RICO was never the most financially stable of places. After years of trouble its government defaulted in 2016. Then, in 2017, Hurricane Maria roared in. The island took close to a year to restore electricity fully, and financial restructuring
U.S. senators made a new try at ending a partial month-long government shutdown through a temporary funding bill on Thursday, but President Donald Trump demanded a “down payment” for a border wall that Democrats reject. After the Republican-led Senate failed
U.S. President Donald Trump said on Saturday he had “an incredible” meeting with North Korea’s nuclear envoy Kim Yong Chol and the two sides had made “a lot of progress.” The White House announced after Friday’s talks that Trumpwould hold
JANUARY 21ST should have been a momentous day for the European Union’s money markets. A package of reforms five years in the making, designed to make the bloc’s safest funds even safer, was due to kick in. Blue-chip firms like
SpaceX to layoff 10 percent of workforce
Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges