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Politics
British Economy Worst Hit in G7 as Brexit, Political Chaos Bite
London —
Britain’s economy is forecast to shrink by 0.4% in 2023, more than any other in the Group of Seven richest nations, according to the Organization for Economic Cooperation and Development (OECD). Britain is the only G-7 member whose economy has yet to return to pre-pandemic levels.In the Group of 20, or G-20, largest economies, only…
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Congress Is Day-Trading While the World Burns
The way US politicians talk about their country, you’d be forgiven for thinking that American!-->!-->…
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America must contain its divisions to avoid another horrible year in 2022
One million Americans could be infected each day with COVID-19. Photo by Sarah Silbiger/UPI | License Photo
Britain's Queen Elizabeth II declared 1992 an annus horribilis. Three of her children's weddings collapsed. Royal scandals rocked the crown. And part of Windsor Castle was destroyed by fire.
2020 and 2021 easily…
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The Guardian view on housing politics: a clash of false alternatives | Editorial
The 2019 Conservative election manifesto was full of grand ambitions for expanding England’s housing stock and improving access to the housing market. Planning regulations would be overhauled. At least a million more homes would be constructed by 2024; the goal was 300,000 a year by the middle of this decade. The homes would be beautiful, safe,…
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Brexit a major cause of UK’s return to austerity, says senior economist | Brexit
Brexit is the ultimate reason why the UK now faces a fresh round of austerity, a former interest rate-setter at the Bank of England has said.“The UK economy as a whole has been permanently damaged by Brexit,” Michael Saunders, who was an external member of the central bank’s monetary policy committee, said in an interview with Bloomberg TV.“It’s…
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Analysis: Political gridlock may help U.S. stocks but inflation still in driver’s seat
NEW YORK, Nov 16 (Reuters) - Split control of the U.S. Congress following the midterm elections may provide a tailwind for stocks at the end of a bruising year, but inflation and the Federal Reserve are likely to remain the market’s main drivers, investors said.Republicans were projected to win a majority in the House of Representatives on…
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White House hopes for moderation in jobs report following string of promising economic data
CNN
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The White House is hoping to see continued moderation in US jobs growth in the November jobs report set to be released Friday morning, to add to a string of promising economic data over the last week that appeared to suggest inflation could be starting to slow.…
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Juan Williams: Biden needs to brag
How can that be?By every objective measure, Biden has the better record. Trump’s average Gallup approval rating during his tenure was the lowest of any president in the history of modern polling.The answer to this political puzzle is that Biden spent a year intent on healing the ugly political division created by Trump. Biden’s cure is to be the…
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Major 2022 astrology predictions for the US and the world
The year 2022 will bring major growth in business, entrepreneurship, pop culture, entertainment, art and politics — but we will face some significant challenges, too. Find out about the general mood for the year and the trends that’ll affect you, as well as the United States and the world at large!
First and foremost,…
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Sri Lanka shares close higher on Expolanka, Lanka IOC
ECONOMYNEXT – Sri Lanka shares gained on Wednesday mainly pushed up by index heavy Expolanka and Lanka IOC but overall market moved on thin volumes as investors await confirmation from the IMF program.
“… from a broader market perspective the sentiments of the investors are on the sidelines as they expect bad…
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