Economy

Sen.  Warren demands answers from Silvergate Bank about its business dealings with FTX

Sen. Warren demands answers from Silvergate Bank about its business dealings with FTX

When it came to pitching banking services to the crypto community, Silvergate Bank held an ace card: an endorsement from none other than Sam Bankman-Fried, the celebrity founder of FTX, a large and popular crypto exchange. “Life as a crypto firm can be divided up into before Silvergate and after Silvergate,” Bankman-Fried gushed in a …

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Mike Rowe warns that 7 million American men are 'done' looking for work and have 'punched out' — here's why that's a serious problem

Mike Rowe warns that 7 million American men are ‘done’ looking for work and have ‘punched out’ — here’s why that’s a serious problem

‘The most chilling metric of all’: Mike Rowe warns that 7 million American men are ‘done’ looking for work and have ‘punched out’ — here’s why that’s a serious problem Men have been steadily clocking out of the American workforce since pre-pandemic times — even now despite there being millions of job openings and an …

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US and EU positions on China are converging, top official says

US and EU positions on China are converging, top official says

Artwork: Lindsey Bailey/Axios The EU and US positions on China have converged, due in part to Beijing’s growing assertiveness and burgeoning partnership with Russia, according to Stefano Sannino, secretary-general of the EU’s foreign policy arm. Why it matters: The EU declared Beijing a “systemic rival” in 2019, but European leaders have been slower than their …

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A Indiana University direction sign in 2022.

Indiana policies accelerated its higher education enrollment drop off

While high schools across Indiana are educating more students than they have in the past two decades, the state’s college enrollment is at its lowest in recent history. To many, such as the Indiana Commission for Higher Education, this leads to only one conclusion: Hoosier kids are no longer pursuing college degrees. One local economist …

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No paid sick leave could spur rail worker exodus that ripples across economy

No paid sick leave could spur rail worker exodus that ripples across economy

Railroad workers could leave the industry after Congress forced through a contract that does not provide them any paid sick days, an exodus that would ripple through an economy linking on freight railroads to transport goods. The exit of thousands of train conductors and engineers would be felt by major corporations and US consumers alike. …

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Why The Sanctions Against Russia Aren't Working.  Yet.  : Planet Money : NPR

Why The Sanctions Against Russia Aren’t Working. Yet. : Planet Money : NPR

Russian President Vladimir Putin MIKHAIL METZEL/SPUTNIK/AFP via Getty Images hide caption toggle caption MIKHAIL METZEL/SPUTNIK/AFP via Getty Images Russian President Vladimir Putin MIKHAIL METZEL/SPUTNIK/AFP via Getty Images When Russia invaded Ukraine in February of this year, the international community slapped a raft of sanctions on the invading nation. They froze the assets of wealthy and …

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US debt explosion funded by Americans, not foreign countries, posing risks to economic growth

US debt explosion funded by Americans, not foreign countries, posing risks to economic growth

Fox News contributor and The King’s College economics professor Brian Brenberg reacts to November’s ADP report. The explosion in US government borrowing over the last 15 years has been fueled not by lending from China and Japan but through the purchase of treasuries by US financial institutions, state governments and other domestic entities. Experts said …

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Recession looms?  Why the US economy is the most unloved on record, by this gauge.

Recession looms? Why the US economy is the most unloved on record, by this gauge.

By one measure, this is one of the most unloved US economies on record, Oxford Economics’ economist Bob Schwartz writes. At least when judged by those expecting that economic conditions are about to stumble into recession. Read: A recession akin to 1969-1970 awaits US next year, economist warns “Despite a robust job market and continued …

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Bank of America CEO: jobs report supports 'mild' recession prediction

Bank of America CEO: jobs report supports ‘mild’ recession prediction

Bank of America CEO Brian Moynihan is sticking to his earlier predictions that a US recession, if it comes, won’t be as bad as people fear. “How could you have an unemployment-less recession?” Moynihan asked on CBS News’s Face the Nation program on Sunday, citing the 263,000 new jobs reported in the US jobs report …

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