The treasurer’s Tuesday’s appearances were his first after receiving a major rebuff when Anthony Albanese at the weekend quashed any prospect of rejigging the Stage 3 tax cuts in the budget.
Amid a number of major crises, the world clearly needs radical change. But what will it look like? The desire to return to pre-pandemic ‘normal’ is powerful, but ‘normal’ is what got us where we are today.
Liz Truss took over as prime minister with an ambitious plan to cut taxes by the most since 1972 – investors balked after it wasn’t clear how she would pay for it
At every midterm election since 2006, the non-presidential party has easily won control of the House. It will be difficult for Democrats to defy this history.
Canada’s current income assistance programs are not doing enough to support Canadians. If the goal of temporary assistance is to help those in need, these programs must have better, broader coverage.
The time to fix the roof is while the sun is still shining. Before the economic situation goes from bad to worse, the impact of rising interest rates can be mitigated in a combination of ways.
The Fed’s recent rate hikes are contributing to higher prices and growing recession risks around the world, yet there are good reasons why the US central bank has to keep its focus domestic.
The reality is that the US Federal Reserve has decided price rises must be addressed by raising interest rates. African countries have no choice by to follow suite.
Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.