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The Latest Breaking News from Economics

Income redistribution or social insurance? A federal MP considers the future of the welfare state

The Albanese government has something of an embarrassment of intellectual riches, with no less than three of its MPs holding PhDs in economics. Two of them, Andrew Charlton and Andrew Leigh, are also prolific authors with at least a dozen books between them.

The Conversation

How ideology muddled inflation control in India

The agencies responsible for macroeconomic policy have hitched their wagon to Anglo-American economics

The Hindu

New PM: Boris Johnson 'will hang around and see it's all going to turn out'

A new Conservative prime minister has been picked in the UK, with Liz Truss gearing up to sift through the dispatch boxes and state papers. But her arrival at 10 Downing Street following Boris Johnson's resignation comes at a time of major strife in Britain, with a cost of living…

France 24

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Liz Truss - laughable, not funny

Liz Truss taking the reins is just the latest development in Britain's descent into government by the very worst, writes Neal Curtis

Newsroom.co.nz

The options for Liz Truss to help your energy bills – and how likely they are

Britain's next Prime Minister has said she will announce cost of living help this week, but after attacking 'handouts' and 'Gordon Brown economics', what does she have in the locker?

Wales Online

‘Tired of trickle-down economics’: Biden calls for expansion of unions in Labor Day speech

President again pledges to be ‘most pro-union president’ in history during speech in Milwaukee

The Guardian - US

Gorbachev, macro-economics, and Gandhi

Concepts of free trade, financial freedom, and privatisation are not the right solutions for India’s citizens

The Hindu

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All the options Liz Truss has to help your energy bills - and how likely each will be

Liz Truss is likely to be the next Prime Minister - and has said she'll announce cost of living help this week. But after she attacked 'handouts' and 'Gordon Brown economics', what does she have left in the locker?

Daily Mirror

Ditch price cap for ‘free basic energy’ plan to help poorest, report says

New Economics Foundation sets out proposals for government to pay for gas and electricity use up to a limit

The Guardian - UK

India’s literacy programs have fallen short

Despite government-mandated education, too many Indians remain unable to read and write. It’s time to revisit the policies.

360info

Bad economics trumps good environmental outcomes

Whether pumping petrol or fouling streams, sometimes environmental regulations make it just seem easier to go with the flow.

Newsroom.co.nz

A challenge to neoliberal economics and the myth of market supremacy

Letter: Even in normal times, the private sector relies heavily on public money, infrastructure and services, writes Prof Mary Mellor

The Guardian - UK

Abhijit Sen, economist who stood for farmers, rural poor, dies

In a career spanning more than four decades, Abhijit Sen taught economics at Delhi’s JNU, and held several important government positions including the chair of the Commission of Agricultural Cost and Prices

The Hindu

'Thank God the energy regulators are in place - they've shown us how tough they are'

Governments of other countries have taken control of the energy companies and set a price for heating that means people have a chance of coping. But that breaks all the rules of economics as you can’t interfere with profits like that.

Daily Mirror

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Benzinga

Cannabis Demand Sees Nominal Impact by Surge in U.S. Inflation

Summary: ● Inflation is having only a nominal impact on retail cannabis demand ● While states have experienced a decrease in demand, this decline is simply the returning to pre-pandemic consumption levels

Benzinga

We Are Not In A Recession And Inflation Is The Reason Why, Says Nobel Prize-Winning Economist

Richard Thaler is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Thaler researches decision-making psychology, which bridges the gap between economics and psychology, as well as behavioral finance and economics.

The Guardian - UK

The crises of the past two years have killed the idea that markets will fix everything

Government intervention, crucial during Covid, is just as vital now, as energy prices soar and living standards plummet, says Guardian economics editor Larry Elliott

The National (Scotland)

Watch as economics expert Richard Murphy answers YOUR questions on GERS

THE annual GERS figures have been published, bringing a mixed bag of news for Scotland’s economic outlook.

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The Guardian - UK

China’s property market is in freefall. What does this mean for the world economy?

The sector is dangerously overheated – but unlike the 2008 financial crisis, the global ripple effect is likely to be limited, says professor of economics Keyu Jin

StockNews.com

Cruise Stocks -- Buy the Dip or Abandon Ship

While the cruise shipping industry has been able to stage a post-pandemic recovery, many industry participants are yet to return to profitability. With inflation, rising interest rates, fears of recession, and unenviable unit economics, cruise shipping companies are struggling to keep themselves afloat. So, let’s take a closer look at…

The Independent UK

Ferris Bueller actor revives famous catch-phrase to beg Trump-supporting Devin Nunes to return to Congress

Ben Stein, the monotoned economics teacher in Ferris Bueller’s Day Off, calls for ‘Nunes, Nunes, Nunes’ to return to Congess

AAP

Skilled migration needs overhaul: report

A report from Deloitte Access Economics has urged an overhaul of Australia's skilled migration program to help ensure a strong, long-term labour market.

Birmingham Post

The latest appointments in Welsh business

New appointments include those at Shaw Healthcare, HMT Sancta Maria, Savills, Rio Architects, Brickabiliity, Intelligent Ultrasound and Hollingsworth Group

The Guardian - UK

Oil prices drop by $5 to lowest since before Russia invaded Ukraine – as it happened

Live coverage of business, economics and markets as Chinese economy shows signs of slowdown and Institute for Fiscal Studies warns on maintaining similar level of energy bills support

360info

Net gains as language barriers fall in global trade

All corners of the planet are en route to better internet access, helping send the traditional language barriers plaguing global trade tumbling.

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