November 14, 2021
Home Archive by category Economy

The U.S. Has Some Catching Up to Do on Digital Dollars

Much of the recent policy debate over virtual currencies has been alarmist, with commentators going so far as to call for banning all cryptocurrencies or warning that U.S. efforts to develop digital dollars would wreck the banking system. The conversation around central bank digital currencies, or CBDCs, illustrates the point. Whereas c...

US economy in recession and Biden political agenda is in trouble

Hans G. DespainUnemployment stands at 4.8%, wages are up 5% from last year. American GDP is soaring at 6.7%, its fastest rate in nearly a half-century. Mid-September, President Biden boasted: “Over the last three months, we’ve been creating, on average, 750,000 new jobs per month. Our economy is growing at the fastest rate we’ve seen in nearly 40 y...

Asian shares track Wall Street higher, China rebounds

A man looks at stock market monitors in Taipei January 22, 2008. REUTERS/Nicky LohHONG KONG, Oct 19 (Reuters) - Asian shares advanced on Tuesday, supported by a tech-driven Wall Street rally, and a rebound in Chinese markets a day after weak data heightened investor concerns about the world's second-largest economy.The dollar was under pressure as ...