Tag #Economic Policy

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lexpress.fr

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Sep 10, 07:21

Widespread protests in France against austerity measures

Following the appointment of Sébastien Lecornu as Prime Minister and amid planned union action, France is experiencing widespread protests, including transport blockades and demonstrations, with an uncertain level of participation despite significant police mobilization.

Widespread protests in France against austerity measures

Following the appointment of Sébastien Lecornu as Prime Minister and amid planned union action, France is experiencing widespread protests, including transport blockades and demonstrations, with an uncertain level of participation despite significant police mobilization.

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What is the immediate impact of the current protests in France?

The protests have led to transport disruptions, including potential delays for TGV trains, Intercités, TER lines, and the Parisian RER B and D, H and R lines, and all French airports. There are also planned blockades of Parisian entrances, city ring roads, and highways, prompting warnings to avoid Paris. The government has mobilized 80,000 police and gendarmes to prevent blockades.

lemonde.fr

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Sep 9, 10:16

Decline of Strikes in France: From Mass Action to Individual Negotiation

The number of strike days in France has plummeted from seven million annually in the 1970s to less than 100,000 in 2022, reflecting a shift from collective bargaining to individual negotiations within a more individualistic societal framework.

Decline of Strikes in France: From Mass Action to Individual Negotiation

The number of strike days in France has plummeted from seven million annually in the 1970s to less than 100,000 in 2022, reflecting a shift from collective bargaining to individual negotiations within a more individualistic societal framework.

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Decent Work and Economic Growth

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What is the most significant change in the nature of labor relations in France since the 1980s?

Since the 1980s, France has transitioned from a system of collective bargaining, where strikes were a powerful tool, to a more individualistic model. This shift is marked by a dramatic decrease in strike action, falling from seven million days lost annually in the 1970s to fewer than 100,000 in 2022.

theguardian.com

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Sep 7, 16:18

Trump's Assault on US Economic Norms: Chaos and Uncertainty

Donald Trump's erratic economic policies, including tariff threats and interventions in companies like Intel and Nvidia, are dismantling established US economic norms, creating uncertainty despite a currently muted market response.

Trump's Assault on US Economic Norms: Chaos and Uncertainty

Donald Trump's erratic economic policies, including tariff threats and interventions in companies like Intel and Nvidia, are dismantling established US economic norms, creating uncertainty despite a currently muted market response.

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What are the immediate impacts of Trump's economic actions on US businesses and markets?

Trump's actions, such as government intervention in Intel and Nvidia, and threats to trade deals, create uncertainty for businesses. While the market response has been muted so far, due in part to the AI-driven stock boom, the risk of negative consequences is increasing.

us.cnn.com

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Sep 5, 22:20

Treasury Secretary Calls for Federal Reserve Banking Regulation Removal

Treasury Secretary Scott Bessent advocates for removing the Federal Reserve's banking regulatory authority, citing conflicts of interest and suggesting an independent review of the institution.

Treasury Secretary Calls for Federal Reserve Banking Regulation Removal

Treasury Secretary Scott Bessent advocates for removing the Federal Reserve's banking regulatory authority, citing conflicts of interest and suggesting an independent review of the institution.

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What is the core argument for removing the Federal Reserve's banking regulatory functions?

Bessent argues that the Fed's combined roles in regulating, lending to, and influencing the profitability of banks create an inherent conflict of interest, jeopardizing accountability and independence. He asserts that this conflicts with the Fed's core mission of promoting full employment, stable prices, and moderate long-term interest rates.

theglobeandmail.com

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Sep 5, 01:18

Canada's Trade Diversification Efforts Face Setbacks Despite Government Initiatives

Despite government initiatives, Canada's exports to non-US markets fell 8.6 percent in July, reversing earlier gains and highlighting the challenges of reducing reliance on the US.

Canada's Trade Diversification Efforts Face Setbacks Despite Government Initiatives

Despite government initiatives, Canada's exports to non-US markets fell 8.6 percent in July, reversing earlier gains and highlighting the challenges of reducing reliance on the US.

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Decent Work and Economic Growth

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What are the potential future implications of these trends for Canada's export strategy?

Continued reliance on the US market leaves Canada vulnerable to trade policy changes. While the Trans Mountain pipeline expansion boosted non-US oil exports (reaching 7.9% in July), this is an exception rather than the rule. Canada needs a broader strategy beyond individual projects for long-term trade diversification.

news.sky.com

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Sep 3, 07:15

Truss Defends Record, Calls for Institutional Change in UK

Former UK Prime Minister Liz Truss defended her economic policies, blaming the Bank of England and the Office for Budget Responsibility for the economic turmoil during her 44-day premiership and advocating for institutional change similar to what she perceives as Donald Trump's revolution in the US.

Truss Defends Record, Calls for Institutional Change in UK

Former UK Prime Minister Liz Truss defended her economic policies, blaming the Bank of England and the Office for Budget Responsibility for the economic turmoil during her 44-day premiership and advocating for institutional change similar to what she perceives as Donald Trump's revolution in the US.

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What specific economic policies of Liz Truss's premiership are being criticized, and what were the immediate consequences?

Truss's £45bn unfunded tax cuts, implemented in a mini-budget, sparked weeks of economic turmoil in 2022. This led to a sharp fall in the value of the pound and a rise in government borrowing costs. Her short-lived premiership ended after just 44 days.

theguardian.com

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Sep 9, 01:18

Labour MP Declines Deputy Leadership, Calls for Economic Reset

Labour MP Louise Haigh declined the deputy leadership, advocating for an economic reset to overcome inherited debt and flawed economic frameworks, arguing against constraints imposed by institutions like the OBR.

Labour MP Declines Deputy Leadership, Calls for Economic Reset

Labour MP Louise Haigh declined the deputy leadership, advocating for an economic reset to overcome inherited debt and flawed economic frameworks, arguing against constraints imposed by institutions like the OBR.

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Decent Work and Economic Growth

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What are the potential consequences if the current system remains unchanged?

Continuing with the existing framework risks betraying the public trust by limiting government ambition and allowing the financial sector to drain public funds. This could lead to another 'lost decade' of stagnation, failing to deliver the transformation promised by the Labour government.

edition.cnn.com

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Sep 8, 19:21

Griffin Condemns Trump's Fed Attacks, Warning of Economic Risks

Hedge fund billionaire Ken Griffin and University of Chicago professor Anil Kashyap warn in a Wall Street Journal op-ed that President Trump's attacks on the Federal Reserve risk higher inflation and long-term interest rates, citing historical parallels to the Nixon-era stagflation.

Griffin Condemns Trump's Fed Attacks, Warning of Economic Risks

Hedge fund billionaire Ken Griffin and University of Chicago professor Anil Kashyap warn in a Wall Street Journal op-ed that President Trump's attacks on the Federal Reserve risk higher inflation and long-term interest rates, citing historical parallels to the Nixon-era stagflation.

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What are the long-term political and economic implications of Trump's actions?

The authors suggest that eroding the Fed's credibility could increase long-term borrowing costs for the government and consumers. Politically, rising inflation and increased borrowing costs could significantly hurt the administration's popularity, especially among senior voters concerned about the value of their savings.

dw.com

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Sep 6, 13:17

Germany Faces Pension Crisis Amid Aging Population and Declining Birthrate

Germany's pay-as-you-go pension system, established in 1955, is facing collapse due to an aging population and declining birthrate, forcing discussions on reform.

Germany Faces Pension Crisis Amid Aging Population and Declining Birthrate

Germany's pay-as-you-go pension system, established in 1955, is facing collapse due to an aging population and declining birthrate, forcing discussions on reform.

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How did Germany's demographic shift contribute to the current pension crisis?

The post-1970s decline in birthrates, coupled with increased life expectancy, resulted in fewer workers supporting more retirees. This imbalance, exacerbated by the aging "baby boomer" generation approaching retirement, undermines the system's sustainability.

bbc.com

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Sep 5, 22:20

Reform UK's Economic Plans Under Scrutiny

Ahead of its Birmingham conference, Reform UK's economic proposals, including significant tax cuts and spending increases, are facing increased scrutiny, with questions raised about their feasibility and potential impact on government borrowing.

Reform UK's Economic Plans Under Scrutiny

Ahead of its Birmingham conference, Reform UK's economic proposals, including significant tax cuts and spending increases, are facing increased scrutiny, with questions raised about their feasibility and potential impact on government borrowing.

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Climate Action

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What are the core components of Reform UK's economic plan, and what are their projected costs?

Reform UK's plan includes £88bn in annual tax cuts (including £70bn in personal tax cuts and £18bn in business tax cuts), alongside increased spending of £53bn annually (covering areas like the NHS and defence). Additionally, they aim for £50bn in annual savings through government waste reduction and claim a further £7bn net saving from migrant deportation.

forbes.com

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Sep 3, 01:18

No Tax on Tips: Impact and Unresolved Issues

A new policy eliminates federal taxes on tips for specific occupations, potentially costing \$40 billion and affecting roughly 4 million Americans, but with some implementation details still unclear.

No Tax on Tips: Impact and Unresolved Issues

A new policy eliminates federal taxes on tips for specific occupations, potentially costing \$40 billion and affecting roughly 4 million Americans, but with some implementation details still unclear.

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What specific occupations are eligible for the "No Tax on Tips" policy?

The eligible occupations span eight categories: Beverage & Food Service, Entertainment & Events, Hospitality & Guest Services, Home Services, Personal Services, Personal Appearance & Wellness, Recreation & Instruction, and Transportation & Delivery. Specific roles within these categories are listed in the source text.

smh.com.au

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Sep 3, 01:19

Albanese Government: Cautious Approach to Reform

Australian Prime Minister Anthony Albanese's Labor government, despite a large majority, is prioritizing consolidating power over enacting significant reforms, delaying crucial measures on climate change and intergenerational equity.

Albanese Government: Cautious Approach to Reform

Australian Prime Minister Anthony Albanese's Labor government, despite a large majority, is prioritizing consolidating power over enacting significant reforms, delaying crucial measures on climate change and intergenerational equity.

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What are the underlying political factors contributing to the government's cautious approach to reform?

The government's narrow victory in the 2022 election, coupled with the memory of Labor's 2019 loss partly attributed to proposed tax changes, has fostered a strategy of minimizing political risk. This is compounded by the desire to establish Labor as the natural party of government, akin to the Liberals' past approach of minimal change. The absence of significant ideological divides within Labor further facilitates inaction.

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