Garret Martin, American University School of International Service
Only months into the job, Prime Minister Liz Truss is on her way out already, leaving her government in search of a new leader and a way to regain public trust.
Social Security benefits have lost their purchasing power as inflation has soared in 2022.
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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.
Ghana is engaging the IMF over a bailout.
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The prime minister’s main obsession could lead her down a dead end.
Buildings sit in the water along the shore following Hurricane Fiona in Rose Blanche-Harbour Le Cou, Nfld. Fiona left a trail of destruction across much of Atlantic Canada.
THE CANADIAN PRESS/Frank Gunn
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.
The hard hats likely came in handy recently for Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng.
Stefan Rousseau/Pool Photo via AP
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
The value of the British pound has taken a battering in recent months.
Yulia Grigoryeva / Shutterstock
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 social assistance programs are not doing enough to support Canadians.
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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.
Nigeria’s economy needs to diversify away from oil.
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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 has a mandate that keeps its focus on the U.S.
AP Photo/Mark Lennihan
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.
A trader at a fresh food market in Nakuru Town. in Kenya. Food inflation has hit double digit figures.
Photo by James Wakibia/SOPA Images/LightRocket via Getty Images
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.
Shopping during an inflationary uptick can require a bit more thought.
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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.
Governor of the Bank of Canada Tiff Macklem speaks at a press conference in Ottawa in June 2022.
THE CANADIAN PRESS/ Patrick Doyle