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The Latest Breaking News from Economics

Western countries are making sensible bet on India, ‘a rising great power’, says Martin Wolf

India is indeed likely to be a rising “great power” and its economy will have the size similar to that of the U.S. by 2050, according to noted economics commentator Martin Wolf who has also highlighted that Western leaders are making a sensible bet on the country.

The Hindu

Good economics or a boondoggle? Too often it’s one rule for sport and another for everything else

We routinely ignore the cost of events such as the Commonwealth Games or Formula One because of mythical benefits while fixating on the price tag of good social policy

The Guardian - AU

Keir Starmer hits back at Labour critics of child benefit U-turn

‘Talk of no money left is the economics of the kindergarten’ says economist

The Independent UK

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Bidenomics: changing the way America does business

“President Biden might not seem like a revolutionary,” said E.J. Dionne Jr in The Washington Post, but he’s presiding over “a fundamental change” in America’s approach to economics.

The Week

Alan Evans obituary

Other lives: Professor of environmental economics whose work highlighted the problems of unaffordable housing

The Guardian - UK

The ‘money doctor’ says forget the ‘propaganda’—inflation is ‘history’

Johns Hopkins University economics professor Steve Hanke told CNBC Thursday that, with the money supply contracting, the inflation era is over.

Fortune

Economic gloom looks likely to sink the Tories. But Labour is taking no chances

Come the general election, the worst of Britain’s pain may be over, so Starmer’s slow and steady approach is the right one, says Guardian economics editor Larry Elliott

The Guardian - UK

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How behavioral economics can help you save on airfare

When booking flights, navigating extra fees and upgrades can be overwhelming, which is no accident

The Independent UK

World's safest country is full of natural wonders and beautiful places to visit

Iceland is yet again top of the Global Peace Index from the Institute of Economics and Peace and is a brilliant place to visit due to its stunning natural wonders

Daily Mirror

A Bearish Investor Ponders the Bull Case for Stocks

Steve Reitmeister is by no means a permabear...but its hard for him to give up his economics background and turn away from the bearish evidence in hand. However, with the S&P 500 (SPY) up more than 20% from the October lows its time for some honest reflection of the current…

StockNews.com

The most dangerous countries in the world

The world has become less peaceful over the past 15 years, with the Ukraine war having a significant impact on global violence, according to analysis from the Institute for Economics and Peace.

The Week

Why aren’t soaring interest rates bringing down inflation?

Rishi Sunak has blamed the high number of fixed-rate mortgages for his government’s failure to bring down inflation.

The Week

The UK housing crisis isn’t just about mortgages – private renters desperately need help too

The local housing allowance freeze is pushing many tenants into dangerous, poor quality accommodation, says Alex Diner, a researcher at the New Economics Foundation

The Guardian - UK

Biradar is new Registrar of Central University of Karnataka

Rudragouda Revanasiddappa Biradar, Professor of Economics from Karnataka University, Dharwad, took charge as Registrar of Central University of Karnataka (CUK) near here on Tuesday.

The Hindu

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Newsroom.co.nz

Comparing (export) apples with apples

A little known law of demand in economics explains why countries export their best produce

The Guardian - UK

Using austerity economics to crush UK inflation would be a cure worse than the disease

Caution needed rather than panic measures over short-term risks after credibility of government and Bank of England hit

The Guardian - UK

Best of frenemies: can George Osborne and Ed Balls’s blokey bantz erase austerity’s scars?

The former adversaries are launching an economics podcast. Somehow I doubt there will be a reckoning with the past

Bangkok Post

Tourism spurs manufacturing uptick

Thailand's manufacturing production index (MPI) fell by 3.14% year-on-year to 94.8 points in May because of an export slowdown, although the reading improved from April thanks to the tourism recovery, says the Office of Industrial Economics (OIE).

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Cinemablend

It's Wild That Home Economics Hasn't Been Cancelled Or Renewed Yet, But There's A New Wrinkle

There's a development on the Home Economics front, although not a cancellation or renewal... still.

Bangkok Post

Would technology-enabled communism work?

Friedrich von Hayek is best known for his influential 1944 polemic The Road to Serfdom. But his most celebrated work in economics is "The Use of Knowledge in Society", a rather short article on how society uses and acquires dispersed information about economic fundamentals such as preferences, priorities, and productivity.

Bangkok Post

Adam Smith 300 years later

This year marks the 300th anniversary of the birth of Adam Smith, the founding father of modern economics. It comes at a time when the global economy faces several daunting challenges.

Evening Standard

‘Frenemies’ George Osborne and Ed Balls to launch weekly politics podcast

The former rivals are now ‘firm friends’ hoping to ‘bring economics back to life and on the agenda’

Bangkok Post

Young Thai chefs shake up Bangkok's food scene

Thitid Tassanakajohn has a degree in economics from Thailand's top university but turned his back on a stable career in finance to launch a high-end restaurant in Bangkok -- a city famed for its street food.

Zenger

Bidenomics: Tax Cuts For Wealthy And Corporations Don’t Benefit Middle Class, Says US President

Biden stresses on need to move away from top-down approach of trickle-down economics and focus on empowering American workers.

The Guardian - UK

‘We’re frenemies’: George Osborne and Ed Balls to launch economics podcast

Former chancellor and ex-shadow chancellor will discuss and analyse the state of the British economy

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