Politics - Page 279

Politics at American Stock News has news, opinion and analysis of American and global politics

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30 million unemployed go missing and with them USD14bn of monthly consumption

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An unprecedented rise in the inactive population since February has seen more than 30 million workers going missing from official unemployment statistics across selected OECD and Emerging Market economies. Because of this” hidden unemployment,” the true monthly hit to household consumption could be underestimated by USD14bn, according to Euler Hermes, one of the global leaders

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A Bridge to Economic Recovery: Be Aware of Financial Stability Risks

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Despite a global economic crisis comparable only to the Great Depression, near-term financial stability risks have been contained with the help of unprecedented monetary policy easing and massive fiscal support across the globe. But many economies had pre-existing vulnerabilities—which are now intensifying, representing potential headwinds to the recovery.

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Mitch McConnell’s disturbing chuckle

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At a televised debate Monday night, Amy McGrath, who is running against McConnell for a US Senate seat from Kentucky, noted again and again that a pandemic has plunged the country into an unrelenting crisis and McConnell's Republican-controlled Senate is refusing to do anything to alleviate the pain. In response, McConnell laughed.

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