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The Latest Breaking News from Economics

Edible Economics by Ha-Joon Chang review – a different set of recipes

The Korean economist takes aim at the neoliberal order of low taxes and deregulation through the unlikely medium of food

The Guardian - UK

Using Today's Economic Woes To Teach Teens Finance

At least we can treat the results of bad policy as case studies for what might otherwise have been dry lessons in economics and finance classes.

Reason

Hunt: Scottish independence case based on extremist, crank think-tank economics

The Chancellor was responding to a question by the SNP’s Stewart Hosie.

The Independent UK

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Archbishop of Canterbury ‘deeply sceptical of trickle-down economics’

During a tour of Australia, Justin Welby expressed his concerns about tax cuts for the very wealthiest.

The Independent UK

Joe Biden brands Liz Truss's tax cut plans a 'mistake' in blistering broadside

The US President said he 'wasn't alone' in thinking Liz Truss and Kwasi Kwarteng's plans were going to fail, having previously lashed out at 'trickle-down economics'

Daily Mirror

The Weekly Wrap for Saturday, 15 October 2022

On Monday the Sveriges Riksbank prize (the Nobel Prize for Economics) was awarded to Ben Bernanke. We can trace the last century of American economics in his life's work. He's often described as the saviour of the last recession. But what about this one?

inkl Originals

Excruciating moment Tory confronted with old tweet slating Truss's 'fairytale' economics

Today programme presenter Nick Robinson brought up a tweet from a TV leadership debate on July 15, where Mr Hands said: 'Rishi speaks out against more debt and “fairytale” economics'.

Daily Mirror

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Consumer advocates welcome government's plan to overhaul payday lending sector

The Senate economics committee will today hear from financial counsellors, consumer advocates and the complaints authority on the proposed changes and problems within the sector.

ABC News

‘They are stealing Russia’: Adam Curtis on how hyper-capitalism wrecked a nation – and why Liz Truss must take heed

In the 1990s, Russia embraced an extreme economics that led to chaos and corruption. Now, writes the maker of explosive new series TraumaZone, Liz Truss is taking Britain down the same toxic path

The Guardian - UK

Somerset bathroom firm lands London School of Economics contract

Offsite Solutions has secured a £1.6m deal to provide almost 650 shower units for the student accommodation scheme

Birmingham Post

Frustration mounts as French drivers continue to face fuel shortages

Shortages at fuel stations due to a refinery workers’ strike continue to impact drivers across France, resulting in long queues. TotalEnergies, which runs about a third of the country's service stations, has offered to advance pay talks but unions remain firm in their strike action. Plus, former Fed chairman Ben…

France 24

Ray Dalio Heaps Praise On 'Hero' Ben Bernanke For Winning Economics Nobel: 'A Very Rare Breed'

Former U.S. Federal Reserve Chair Ben Bernanke, along with Douglas W. Diamond and Philip H.

Benzinga

Douglas Diamond of University of Chicago wins Nobel in economics

Diamond, who studied the effects of bank runs and financial meltdowns, shares this year’s prize with co-author Philip Dybvig and former Federal Reserve Chairman Ben Bernanke.

Chicago Sun-Times

Former Fed chair Ben Bernanke wins Nobel economics prize 2022

Head of US central bank from 2006-14 awarded prize alongside economists Douglas Diamond and Philip Dybvig

The Guardian - UK

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Tribune News Service

Bernanke shares economics Nobel Prize for crisis research

Former Federal Reserve Chair Ben S. Bernanke and two U.S.-based colleagues won the 2022 Nobel Prize in economics for their research into banking and financial crises.

Axios

Ben Bernanke, with two others, wins the economics Nobel

Bernanke was able to put theory into practice as chairman of the Federal Reserve.

WEKU

Ben Bernanke among 3 American winners of Nobel Prize in economics

Former Federal Reserve chairman Ben Bernanke and two academic economists — Douglas Diamond and Philip Dybvig — share this year's Nobel Prize in economics for their work on bank runs.

Radio France Internationale

Nobel Economics Prize goes to US trio, including former Fed chief Bernanke

A US trio on Monday won the Nobel Economics Prize for research on banking's role in the economy, especially on the importance of avoiding collapses during financial crises.

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Asharq Al-Awsat

Bernanke, Diamond, Dybvig Win Nobel Economics Prize for Financial Crises Studies

A trio of US economists including Former Federal Reserve chief Ben Bernanke won this year's Nobel Economics Prize on Monday for research on how propping up failing banks can stave off an even deeper economic crisis. Bernanke, along with Douglas Diamond and Philip Dybvig won the 2022 prize for their…

Reuters

Banking crisis breakthroughs win Nobel economics prize for Bernanke, Diamond, Dybvig

A trio of U.S. economists including former Federal Reserve Chair Ben Bernanke won this year's Nobel Economics Prize on Monday for laying the foundation of how world powers now tackle global crises like the recent pandemic or the Great Recession of 2008.

The Independent UK

Nobel panel to announce winner of economics prize

The winner, or winners, of this year’s Nobel Prize for economics will be announced Monday at the Royal Swedish Academy of Sciences, in Stockholm

The Guardian - US

Why is trickle-down economics still with us?

This gonzo economic theory continues to live on, notwithstanding its repeated failures

The Conversation

Cannabis corporates should be taxed to fund mental health programmes

Mental health is the state of mental well-being that contributes to individual and population health. This state of mental well-being sustains national output and labour force productivity. But governments around the world haven’t been investing resources into addressing mental ill-health. This is despite acknowledging that economics and mental health are…

France 24

'The Federal Reserve is doing a bad job': Economist Steve Hanke

Federal Reserve Chair Jerome Powell says he won't cause a deep recession but that "pain" is necessary to fight inflation. To curb the largest price increases in four decades, the US Federal Reserve has been raising interest rates this year. "The Fed is doing a bad job because they don't…

The Guardian - UK

This economic chaos is a form of class war on the British public

Trussonomics is the sharp end. But other, structural factors are also driving a systemic assault on working people, says economics professor Daniela Gabor

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