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The Latest Breaking News from Great Depression

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.

Fortune

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.

The Conversation

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…

Bangkok Post

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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…

Benzinga

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,…

The National (Scotland)

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

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

Evening Standard

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University of Chicago prof, former Fed chair Bernanke share Nobel for research on banks

Bernanke, University of Chicago professor Douglas W. Diamond and Philip H. Dybvig were recognized Monday for their research into the fallout from bank failures.

Chicago Sun-Times

In Iris, Fiona Kelly McGregor recreates the criminal underworld of Depression-era Sydney

It’s spring 1932 and Sydney is in the grip of the Great Depression. In the narrow terrace-lined streets and back lanes of inner Sydney, there are illegal two-up games and off-course betting. Sly grog shops are open after the official pub closing time of 6pm, offering beer, spirits and drugs.…

The Conversation

Rare Australian penny released during the Great Depression sells for nearly $60,000

A rare 1930 Australian penny that was never meant to be minted has sold for just under $60,000 at auction.

ABC News

Tips to fight inflation: How Seattle-area families stretch their buck at the grocery store

SEATTLE — A whole chicken, a slab of bacon, a carton of milk and a box of Froot Loops can ring up to $40 at the cash register now. Your wallet likely feels much lighter after a trip to the local supermarket because grocery prices have risen 13% higher than…

Tribune News Service

Benjamin Hochman: Joe Medwick's family shares feelings on Paul Goldschmidt's Triple Crown quest for Cardinals

With September warming up in the bullpen, the surreal will soon flirt with reality. Paul Goldschmidt could accomplish something that hasn’t been done since the Great Depression.

St. Louis Post-Dispatch

Australia's oldest man, who lives on the South Coast, turning 110

Frank Mawer was made a ward of the state aged just 14. He has lived through two pandemics, two world wars and the Great Depression. He turns 110 on August 15.

The Canberra Times

Editorial: Bill Russell and Nichelle Nichols, American heroes

There’s a reason for the simultaneous mourning and celebration of the lives of a basketball player and an actress, both out of the public eye for years. Nichelle Nichols, 89, and Bill Russell, 88, were born during the Great Depression into a society that defined them as second-class citizens simply…

Tribune News Service

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The Hindu

The five-day work week might be fading away

Instead, an old idea, a four-day work week, could become a reality, shaping the future of staff engagement

Tribune News Service

Jon Talton: Jeff Bezos adds his own misdirection on the inflation debate

It’s not unprecedented for titans of industry to attack presidents. Henry Ford was so outraged over former President Franklin Roosevelt’s Hundred Days of initial policies to address the Great Depression that he huffed FDR’s “particular genius is to try to run other people’s businesses.”

Chicago Tribune

This is the latest Illinois has had a primary election since at least the Great Depression. What is voter turnout looking like?

CHICAGO — Chicago Election Board Chair Marisel Hernandez recently included an unusual warm weather addendum to her regular pre-election pitch encouraging voters to cast ballots in the upcoming Illinois primary: Do so before you leave town.

Wales Online

Wales' forgotten greatest athlete who was robbed of the chance of immortality

Cecil Griffiths won gold at the 1920 Olympics - but a small prize he accepted as a teenager saw him banned and miss his greatest chance to write his name in the history books. He died in poverty.

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Los Angeles Times

From 'Beavis and Butt-Head' to 'Yellowstone,' Paramount bets on scripted shows

When people think of MTV, chances are that "prestige" is not the first word that comes to mind. Viewers tend to associate the brand more with popular reality programs such as "The Real World" and "The Jersey Shore" rather than award-winning dramas.

The Conversation

Tucker Carlson pulls from an old playbook as he stokes anxiety about a masculinity crisis

Promotions for “The End of Men,” Fox News host Tucker Carlson’s forthcoming documentary, lament “The total collapse of testosterone levels in American men.”

The Independent UK

Biden mocks Trump as ‘the great MAGA King’ as he blames him for leaving US economy ‘on the brink of a Great Depression’

‘Under my predecessor, the great MAGA king, the deficit increased every single year he was president’

The Conversation

Plenty of resilience, but little resistance in a new account of Australia's Great Depression

In her latest book, Australia’s Great Depression, Joan Beaumont offers a deeply conservative history animated by the neoliberal spirit of our age.

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