Commentary Economic language is packed with metaphors. It would be sunk without them. The economy is overheating. It’s depressed. It’s recessed. It’s hot. It’s cooling. It hit the skids. It’s in free fall. We’d better put on the brakes! Housing is underwater. This stock is headed to the moon. Inflation is easing. The Fed is…
What Does It Mean to Have a Soft Landing?
July 17, 2023
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Major Revegetation Project Cancelled After Aboriginal Corporation Demands $2.5 Million
July 17, 2023
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Aboriginal Cultural Heritage ActAustraliaBusiness & Marketscritical race theoryeconomic policiesEducation & Family NewsfarmfarmingInternationalPerthUSWestern AustraliaWorld
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A major tree-planting event along the banks of the Canning River in Perth has been cancelled after the head of a local Aboriginal corporation demanded $2.5 million (US$1.7 million) citing cultural heritage laws. The now-former CEO of the Whadjuk Aboriginal Corporation, David Collard, cited Western Australia’s contentious Aboriginal Cultural Heritage Act 2021 as the reason for…
The Secrets of Successful Financial Planning: Inside Tips From an Expert (Part 3.1)
July 17, 2023
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BrightbudgetingBusiness & Marketsfinancial planningfinancial strategiesFuture Planningpersonal finance
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Why buy insurance at all? Why not be self-insured and save the profit margin that carriers earn? After all, everybody knows that if you live to age 85 or so, the return on a life policy (represented by the death benefit) for the investment of premium is around 3%. Long-term investors can achieve much better…
The Top Common Questions About IRS Regulations for Gold IRAs
If you are considering diversifying your savings by opening a gold individual retirement account (IRA), you probably want to know how the rules differ for a gold IRA compared to a standard retirement account. Gold and standard IRAs are the same in many ways, but there are a few differences. In this guide, we compiled…
S&P 500, Nasdaq Start Week Higher as Investors Await More Results
The S&P 500 and the Nasdaq inched higher on Monday after last week’s strong gains, with investors cautious ahead of quarterly results from industry heavyweights through the week. The Dow Jones Industrial Average fell 9.29 points, or 0.03 percent, at the open to 34,499.74. The S&P 500 opened higher by 3.44 points, or 0.08 percent,…
Dollar Hovers Around 15-month Low as Traders Await Policy Decisions
LONDON/SYDNEY—The dollar edged lower on Monday against a basket of currencies after suffering its biggest weekly drop of the year as traders waited on economic data and policy decisions before selling it down any further. The euro continued climbing, rising 0.15 percent to hit a fresh 16-month high at $1.12440. Versus the yen the dollar…
Oil Slides More Than 1 Percent as Chinese GDP Dents Demand Hopes
LONDON—Oil dropped by more than 1 percent on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world’s second-biggest oil consumer while a partial restart of halted Libyan output also pressured. China’s gross domestic product (GDP) grew 6.3 percent year on year in the second quarter, compared with analyst forecasts…
Global Shares, Dollar Sag After China Data; Traders Bet on Fed Sea Change
July 17, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Global shares and commodities slipped on Monday after data showed the Chinese economy is growing a lot more slowly than expected, while the dollar eased as traders ramped up their bets for an imminent end to U.S. rate rises. China reported economic growth of 0.8 percent in the second quarter, above the 0.5 percent forecasted,…
The CCP Lowers US Dollar Interest Rates to Stabilize China’s Yuan
The Chinese Communist Party (CCP) has recently implemented two reductions in interest rates for U.S. dollar deposits in order to stabilize the exchange rate of the Chinese yuan. Analysts have raised concerns about the rapid depreciation of the yuan, which could lead to an increased outflow of funds from China and potentially heighten the risk…
Australian Treasurer Remains Positive About Progress of A Global Minimum Tax at G20 Meeting
Australian Treasurer Jim Chalmers expects to see some progress on the global minimum tax reform in the coming days as he flies to India to attend a major G20 meeting. G20 financial ministers and reserve bank governors will gather at Gandhinagar, India, from July 17-18 to discuss crucial issues concerning the global economy. One major…
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