Why the IMF has weighed into the UK’s current financial situation and what it means for markets.
UK prime minister Liz Truss and chancellor of the Exchequer Kwasi Kwarteng on a factory visit after announcing the mini-budget.
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The Federal Reserve decided to slow its pace of bond-buying, potentially the beginning of the end of a program that’s been supporting the economy since March 2020.
A drilling pad for oil and gas in Robinson Township, Penn.
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Abandoned US oil and gas wells and their associated land cover more than 2 million acres, a recent study estimates – an area larger than Delaware and Rhode Island combined.
Who picks up the bill when customers can’t pay?
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Many Americans have been unable to pay their electric bills during the COVID-19 pandemic, racking up billions of dollars in delinquent bills. Where will the money come from?
Peter Martin, Crawford School of Public Policy, Australian National University
To understand what bonds are, it helps to see a picture.
South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19.
Gallo Images/Brenton Geach
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
Bond investors have shown a preference for funding cities’ green projects.
AP Photo/Mark Lennihan
A large part of the debt the Indonesian government is taking on to fight the COVID-19 pandemic is as a 50-year loan in US dollars. That could create a big problem in coming decades.
Canada’s federal deficit has skyrocketed since the beginning of the coronavirus pandemic. How will Ottawa pay back the money its borrowed?
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Canada’s federal deficit has ballooned as Ottawa spends billions in response to the coronavirus pandemic. An economist explains why the massive spending will not harm Canadians in the future.
Tally boards publicising the contributions of different suburbs during the second world war.
Australian War Memorial
Several presidential hopefuls have offered proposals to close the racial wealth gap, from baby bonds to reparations. A simulation suggests policies short of direct aid to blacks won’t do the trick.
Even the pros don’t know what’s up.
AP Photo/Richard Drew
A growing number of investors, policymakers and others say the US economy may be at risk of spiraling downward. A finance professor explains how to ride it out.
We are being sucked in to something Trump started.
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Australia has more to fear than most countries from a global trade and currency war. All eyes will be on the Reserve Bank governor Friday as he attempts to outline what might happen.
In DC Comics’ world of opposites, a bizarro bond is “guaranteed to lose money”. Today a bizarro bond is not just a fantasy.
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In many countries people are now paying more for bonds than they will receive at maturity. These negative interest rates should make it a good time for investment.