Tag #Economic Policy

aljazeera.com
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Billionaire Wealth Soars Threefold in 2024, Oxfam Warns

Oxfam's report, released during the World Economic Forum in Davos, shows that billionaires' wealth globally increased by \$2 trillion in 2024, reaching \$15 trillion, a three-fold increase over 2023's growth rate; the report also predicts the emergence of at least five trillionaires in the next deca...

Progress

60% Bias Score

Reduced Inequality
nbcnews.com
🌐 85% Global Worthiness
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Trump Inherits Strong Economy but Faces Inflation Challenge

Despite an overall economic improvement, December's 2.9% inflation rate remains above the Federal Reserve's target, posing a challenge for President-elect Trump, who has promised to lower energy and food costs, but whose immigration and trade policies may have unpredictable economic consequences.

Progress

52% Bias Score

No Poverty
lemonde.fr
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EU Approves France's Revised Budget, Projecting 5.4% Deficit in 2025

On January 20th, the European Commission approved France's revised budget, projecting a 5.4% deficit in 2025 but maintaining the goal of a deficit below 3% by 2029; this follows a government change and aims to address France's high debt.

Progress

48% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Billionaire Wealth Soars by $2 Trillion in 2024 Amidst Rising Global Inequality

Oxfam's "Takers Not Makers" report, released before the Davos WEF summit, reveals that billionaire wealth soared by $2 trillion in 2024, while 44% of humanity lives on less than $6.85 daily, highlighting a massive wealth gap and criticizing policies that may worsen inequality.

Progress

64% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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Trump's Election: Market Optimism vs. Economic Forecasts

The election of Donald Trump as US President has fueled optimism on Wall Street, despite economic models predicting a 9.7% GDP drop and 9.3% inflation due to his proposed deregulation, tariffs, and immigration policies; the strong dollar also creates challenges.

Progress

56% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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London Workers' Eight-Month Wage Equals Burnley's Annual Income

A Centre for Cities report reveals a stark regional pay divide in the UK, with London workers earning 68% more than those in Burnley; the average London wage (£49,455) could be earned in eight months by a London worker, highlighting the need for policy changes to address this significant regional ec...

Progress

52% Bias Score

Reduced Inequality
usa.chinadaily.com.cn
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China's 2024 Economic Performance: Growth in High-Tech Sectors Amidst Global Uncertainty

In 2024, China's total import and export trade increased by 5 percent, while Belt and Road Initiative-related trade grew by 6.4 percent; despite a slight decrease in overall foreign investment, high-tech sectors showed strong growth, indicating economic resilience and a shift towards innovation.

Progress

48% Bias Score

Decent Work and Economic Growth
edition.cnn.com
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Five Trillionaires Projected Within a Decade, Sparking Inequality Concerns

Oxfam's report projects five individuals becoming trillionaires within the next decade due to factors such as soaring stock markets and inherited wealth, highlighting the growing wealth disparity alongside persistent global poverty and the increasing political influence of billionaires.

Progress

68% Bias Score

Reduced Inequality
votreargent.lexpress.fr
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French Unions and Employers Begin Talks on Pension Reform

French unions and employers initiated three months of talks on January 17th to reform the pension system, a significant shift from President Macron's previous approach, aiming to find compromises on financing and other key issues, potentially impacting the future role of social partners in French po...

Progress

56% Bias Score

Decent Work and Economic Growth
foxnews.com
🌐 85% Global Worthiness
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Trump Inauguration: Republican Governors Anticipate Policy Shifts

Arkansas Governor Sarah Huckabee Sanders, a staunch Trump supporter, details her anticipation of a Trump presidency, highlighting the Biden administration's perceived failures in border security, economic management, and education, while emphasizing the expected policy shifts and collaborations unde...

Progress

76% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Victoria to Mandate Daily Fuel Price Reporting, 24-Hour Price Lock

Victoria will mandate daily fuel price reporting at over 1,500 petrol stations from 2025, letting motorists lock in prices for 24 hours via the Service Victoria app, aiming to ease cost-of-living pressures.

Progress

48% Bias Score

Reduced Inequality
foxnews.com
🌐 75% Global Worthiness
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Nevada Senator to Collaborate with Trump on Economic Relief, but Opposes Tariffs

Nevada Senator [Senator's Name] was reelected in November, alongside Donald Trump's presidential win, with the high cost of living a central campaign issue; the Senator expresses willingness to collaborate with Trump on solutions like ending taxes on tips and expanding the Child Tax Credit, but oppo...

Progress

44% Bias Score

No Poverty