Russia's ruble is still worth less than a penny, and the Kremlin's piggy bank for propping it up is running low – Fortune
The ruble has bounced back from its lows earlier in the week after the central bank halted all foreign currency purchases for the rest of the year, but remains in tatters and with dwindling resources to prevent further collapse. On Friday, the central bank set the official rate at about $108 to the dollar. That's […]
Victor Davis Hanson Rips Goldman Sachs For Propping Up Harris, Says Others Alike Are Pushing To ‘Destroy’ Middle Class
Victor Davis Hanson, a senior fellow at the Hoover Institution, on Tuesday slammed Goldman Sachs for suggesting the economy could be more profitable under Vice President Kamala Harris, arguing that the bank and similar groups are promoting policies that could “ruin” middle-class Americans. Last week, Goldman Sachs economists release He suggested Harris' policies could provide […]
‘Runway Must Be Running Out’: Massive Government Spending Propping Up Economic Growth, Experts Say
Continued high levels of government spending under the Biden administration have supported U.S. economic growth in the second quarter of 2023, economists told the Daily Caller News Foundation. Real gross domestic product (GDP) grew 2.8% in the second quarter of 2024, well above the 2.1% growth economists had expected. according to According to the Bureau […]