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The Latest Breaking News from Great Depression

AI optimists are behaving like the investors who got burned in the Great Depression and dot-com bubble, Vanguard's chief economist warns

Fortune

Why the UK is suddenly so obsessed with smash burgers

Gone are the days of burgers that require structural engineering just to eat them. Patties smashed flat against a searing hot griddle resulting in a crispy, caramelised crust are the latest culinary craze sweeping social media and British restaurants. But how did this great depression-era cooking hack become the trend…

The Independent UK

No, the world isn’t heading toward a new Cold War – it’s closer to the grinding world order collapse of the 1930s

The past decade and a half has seen upheaval across the globe. The 2008 financial crisis and its fallout, the COVID-19 pandemic and major regional conflicts in Sudan, the Middle East, Ukraine and elsewhere have left residual uncertainty. Added to this is a tense, growing rivalry between the U.S. and…

The Conversation

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read the most diverse news in one place.

Biden comparing Trump to Herbert Hoover a ‘cheap shot’, descendant says

Margaret Hoover takes issue with president and rival for using predecessor who battled Great Depression as example of failure

The Guardian - US

World War II veteran who grew up in Great Depression turns 100

Les Thomson could become Australia's last World War II veteran.

Newcastle Herald

Research shows that grandparents are great personal finance teachers. Here’s what my poppa who became an accountant during the Great Depression tried to teach me about money

Almost a third of grandchildren (30%) say their grandparents passed down "financial and money-saving advice."

Fortune

Wall Street’s Dr. Doom is sounding downright sunny as he predicts a 'short and shallow’ recession or even no recession at all instead of the epic collapse he saw in 2022

Nouriel Roubini saw a “variant of another Great Depression” less than a year ago, but now he’s open to a soft landing without any recession at all.

Fortune

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China censors top financial pundit over economy comments

BEIJING: A prominent Chinese financial journalist who has compared the country's economic problems to the Great Depression has been banned from social media.

Bangkok Post

You're about to pay more for orange juice as Florida citrus growers see the smallest crop since the Great Depression

The Department of Agriculture estimates the lowest totals in 90 years.

Fortune

'Mistaken, misread, misquoted, mislabeled, and mis-spoken' -- what Woody Guthrie wrote about the national debt debate in Congress during the Depression

The debt ceiling debate between the House GOP and President Joe Biden could, if not solved, lead to economic chaos and destruction – so it might seem strangely lighthearted to wonder what a Great Depression-era singer and activist would think about this particular political moment.

The Conversation

Editorial: It’s back: Farm bill still crammed with subsidies, pork

Decades ago, when the late Harry Reid was relatively new to the upper chamber, a book arrived at our offices courtesy of the Democratic senator. It was “The Farm Fiasco” by libertarian author James Bovard, a piercing work that critically examined the labyrinth of subsidies, handouts, pork and market distortions…

Tribune News Service

SVB's newfangled failure fits a century-old pattern of bank runs, with a social media twist

The failure of Silicon Valley Bank on March 10, 2023, came as a shock to most Americans. Even people like myself, a scholar of the U.S. banking system who has worked at the Federal Reserve, didn’t expect SVB’s collapse.

The Conversation

‘Gerbil banking’ preceded the Great Depression. We’re seeing it again today

Big banks are attracting more deposits–and putting money back into failing banks. A similar system existed in the run-up to the Great Depression.

Fortune

Silicon Valley Bank might have just blown up a banking regulation that was put in place at the depths of the Great Depression

Why deposit insurance matters: Without it, America's press secretary had to put his money under a mattress in the 1930s.

Fortune

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Chicago Sun-Times

Whatever happened to Mary Agnes Moroney? DNA tests appear to solve 1930s mystery of missing Chicago girl

A new investigation into the kidnapping led her family to conclude she grew up as Jeanette Burchard, became a nurse and had three children, and died in Florida 20 years ago. “She was loved very much,” her daughter said.

Asharq Al-Awsat

Egypt's Sisi Backs National Projects, Rejects Claims Economic Crisis Caused by Domestic Policies

Egyptian President Abdel Fattah al-Sisi rejected "misleading claims" that said the global economic crisis was only limited to Egypt and caused by domestic policies. He also defended national projects, saying they were the basis for achieving comprehensive economic development and expressed his confidence in Egypt's ability to overcome the crisis.…

Pedestrian.tv

TikTokers Are Revealing The Abject Chaos Of Finding A Place In The Sydney Rental Market RN

God, it's brutal out here.

Pedestrian.tv

Every Question We’re Expecting To Be Answered In Yellowstone’s New Spin-Off 1923

1923 is the next instalment of the Yellowstone origin story, introducing us to Jacob and Cara Dutton played by Harrison Ford and Helen Mirren.

Get all your
news in one place.

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Fortune

Ken Griffin warns U.S. faces ‘immediate Great Depression’ if China seizes Taiwan’s semiconductor industry

The Citadel CEO worries U.S. restrictions on selling advanced computer chips to China could make invading Taiwan more tempting to Beijing.

The Conversation

Remembering the veterans who marched on DC to demand bonuses during the Depression, only to be violently driven out by active-duty soldiers

The Bonus Army March is a forgotten footnote of American history.

Bangkok Post

Risk of global financial crisis spiking

I am writing this article in Tokyo. Judging from my walks around the city during the past week, and despite the fact everyone is wearing face masks, it's like Covid has vanished. Subways and trains are jam-packed and shopping areas are full of people. However, the pandemic has left some…

Benzinga

How The 60/40 Portfolio Stacks Up With The S&P 500

A portfolio consisting of 60% stocks and 40% bonds had a golden age from the 1980s — until recently.The combination offers investors risk-adjusted returns that are frequently on par with, or greater to, those of the benchmark SP 500 Index.The 60/40 portfolio faced significant challenges this year due to ongoing…

The National (Scotland)

Expert warns Tory austerity drive will return UK to the 1930s

THE UK risks experiencing levels of inequality last seen during the era of the Great Depression if the Tory government continues an austerity drive,…

inkl Originals

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?

Evening Standard

Who is Ben Bernanke? Economist honoured with a Nobel Prize for work on Great Depression

The 68-year-old shared the prize with two fellow economists

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