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Biden warns of risk to U.S. economy from fallout if Russia invades Ukraine

Biden warns of risk to U.S. economy from fallout if Russia invades Ukraine

WASHINGTON — President Joe Biden said Tuesday that he has hope, both of a diplomatic solution to ease tensions over Ukraine and in Russian President Vladimir Putin’s willingness to continue those talks. Should diplomacy not prevail, Biden warned in remarks at the White House, the consequences could be painful not just for Putin, but for … Read more

US offers Ukraine $1 billion loan to support economy amid tensions with Russia

US offers Ukraine $1 billion loan to support economy amid tensions with Russia

The United States has offered a sovereign loan guarantee to Ukraine of up to $1 billion to support the country’s economy as the Eastern European country prepares for a possible Russian invasion any day, the Department of State announced on Monday. The offer “will bolster Ukraine’s ability to ensure economic stability, growth, and prosperity for … Read more

Interest rates: What they mean for the economy, what they mean for house prices – and what happens when they rise

Who are high interests rates good for? Bank of England to announce another hike

With rising fears of inflation and the increasing cost of living, there is pressure on central banks – including the Bank of England – to raise interest rates in response. Interest rates have been at close to rock-bottom levels since the global financial crisis of 2008, and were lowered again in response to the coronavirus … Read more

World snapshot: Brazil's economy on the up due to Arab links

World snapshot: Brazil's economy on the up due to Arab links

San Francisco Chronicles The paper reports that as many as 25,000 Comcast customers in Oakland reportedly lost internet and cable services yesterday (Sunday) – and access to the big San Francisco 49ers football game – after the provider’s fibers were apparently severed by bullets. The outage apparently began around 5am when bullets apparently cut Comcast … Read more

Dems find a rallying cry: Trump tanked the economy

Dems find a rallying cry: Trump tanked the economy

Robert Reich, Secretary of Labor of the Clinton era, said that the crisis offered Biden a unique opportunity to make policy changes that he would otherwise find difficult to explain. “Even if he wants to be perceived as cautious and prudent on issues such as income support and health care, the pandemic gives him more … Read more

Americans Are Worried About The Coronavirus. They’re Even More Worried About The Economy.

Americans Are Worried About The Coronavirus. They’re Even More Worried About The Economy.

Welcome to Pollapalooza, our weekly poll. Survey (s) of the week Earlier this week, President Trump said he was considering taking steps Rollback restrictions that companies and state governments have set up to curb the corona virus. Trump referred to the economic impact of measures such as social distancing Easter Sunday as the date on … Read more