Xi Jinping Warns Against ‘Abandoning Traditional Industries’ at Crucial Time for Weakened Chinese Economy
Chinese dictator Xi Jinping called for innovative solutions to China’s deepening economic crisis in remarks Tuesday and Wednesday, calling for a “rush into projects” that could lead to the “abandonment of traditional industries”. He warned of the formation of an industry bubble. Mr. Xi attended the “two meetings” currently being held by China’s rubber-stamped legislative […]
Biden Didn’t Axe Effective Trump Border Policies, Just Family Separation, ‘Our Economy Is Pulling People’
On Tuesday’s broadcast of CNBC’s “Squawk Box,” Transportation Secretary Pete Buttigieg said President Joe Biden has not abolished border policies implemented by former President Donald Trump, and that Biden “We just abolished the tear-and-tear policy,” he said. It’s true that children can leave their parents’ arms. He also said, “Just as the dire situation in […]
China Slightly Lowers 2024 GDP Growth Target as Economy Languishes
China set an official target for gross domestic product (GDP) growth of around 5% in 2024 in Premier Li Qiang’s “Government Work Report” submitted to the National People’s Congress on Tuesday morning. The 2024 target was about the same as the 5.2% GDP growth rate reported in 2023. China’s state-owned Global Times was popular Mr. […]
Is ill-health holding back the UK economy? – podcast | News
new numbers from National Bureau of Statistics It suggests that 2.8 million people are not looking for work because of health problems, an increase from a previously estimated 2.6 million people and 2.1 million people before the COVID-19 pandemic. This is a one-third increase compared to humans. As economics editor of the Guardian, larry elliott, […]
Brazil’s economy grows 2.9% in Lula’s 1st year, beating expectations
SAO PAULO (AP) — Brazil’s economy grew 2.9% in 2023, beating expectations in the first year of President Luiz Inacio Lula da Silva’s administration, a government statistics agency said Friday. The numbers released by IBGE shocked many economists, whose overall forecast early last year was for 2023 growth to be just 0.8%. Brazil’s Amazon rainforest […]
Younger Americans Think The Biden Economy Stinks
President Biden spent much of last year repeatedly using the term “Bidenomics” to sell Americans on the idea that his policies would benefit the economy. Young Americans, who are likely to vote in this year’s presidential election, do not support this idea. New poll from New York Times and Siena College found that an overwhelming […]
‘The Five’: Elizabeth Warren blanked on question over Trump’s economy
‘The Five’ co-hosts react to Sen. Elizabeth Warren, D-Mass., being unable to explain polling that shows Americans miss former … source
Biden Campaign Co-Chair Suggests Deporting Illegal Immigrants Would Hurt The Economy
Democratic Texas Rep. Veronica Escobar suggested Friday that deporting illegal immigrants would have a negative economic impact. President Joe Biden and former President Donald Trump both visited the border and spoke on Thursday. Escobar, co-chair of Biden’s 2024 re-election campaign, criticized President Trump’s rhetoric on “CNN Newsroom with Jim Acosta,” emphasized the economic importance of […]
Majority of Black panelists in North Carolina agree that Biden economy is hurting: ‘Living check-to-check’
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More Americans taking Ozempic will boost the US economy: Goldman Sachs
Goldman Sachs strategists say more widespread use of powerful weight-loss drugs like Ozempic in the United States could boost the economy in the coming years. The bank estimates that weight-loss drugs called GLP-1 agonists could add an additional 1% to gross domestic product over the next 10 years, equivalent to about $360 billion a year. […]