Tag #Economic Policy

theglobeandmail.com
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Trudeau's Economic Policies Fail to Deliver Sustainable Growth, Leading to Resignation

Canadian Prime Minister Justin Trudeau resigned on Monday, his progressive economic policies, marked by increased spending and immigration, failing to deliver sustainable growth amid high inflation and a housing crisis, leading to a potential shift in political direction.

Progress

52% Bias Score

No Poverty
cnbc.com
🌐 75% Global Worthiness
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Minimum Wage Increases Across US States and Localities

Twenty-one states raised their minimum wages on January 1, 2025, with some cities and counties independently setting significantly higher minimums; for instance, several Washington and California localities have minimum wages above $20 per hour, while others are approaching that mark, according to t...

Progress

48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 75% Global Worthiness
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Trudeau's Legacy: Economic Gains Amidst Housing and Immigration Crises

Despite a 44 percent increase in median household net worth during Justin Trudeau's premiership, his handling of immigration and housing affordability led to worker displacement and soaring rents; this, coupled with political realities, demonstrates persistent challenges in addressing systemic issue...

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60% Bias Score

Reduced Inequality
cnnespanol.cnn.com
🌐 65% Global Worthiness
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Mexico's 2025 UMA: \$113.14 Daily Value

Mexico's daily Unidad de Medida y Actualización (UMA) will be \$113.14 pesos (US\$5.48) from February 1, 2025 to January 31, 2026, a 4.21% increase from 2024, impacting fines, taxes, and loan calculations.

Progress

12% Bias Score

Reduced Inequality
theguardian.com
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H-1B Visa Dispute Exposes Deep Divisions in Trump's Coalition

A dispute over H-1B visas, pitting Steve Bannon against Elon Musk, has exposed deep divisions within Trump's coalition and the Democrats, highlighting the tension between economic interests and immigration policy, and foreshadowing future conflicts within the administration.

Progress

52% Bias Score

Decent Work and Economic Growth
elpais.com
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Spain Considers Tax Change That Could Offset Minimum Wage Increase

The Spanish government is considering not adjusting the personal income tax to offset a planned increase in the minimum wage (SMI) of 3.4% to 4.4%, which would leave minimum wage earners with around 42% less of the increase, sparking opposition from the UGT union, which threatens to withdraw from ne...

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44% Bias Score

No Poverty
lexpress.fr
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Europe's Ethical Predicament: Consequentialism Needed to Counter US Shift

Europe's ethical framework, prioritizing principles over consequences, is hindering its response to global challenges like Trump's presidency and the rise of far-right populism; the article urges a shift towards a consequentialist approach involving increased military spending, energy diversificatio...

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56% Bias Score

Peace, Justice, and Strong Institutions
pda.kp.ru
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Russia Raises Maximum Annual Insurance Contribution Limit to 2,759,000 Rubles

Russia's maximum annual insurance contribution limit rose to 2,759,000 rubles on January 1st, 2025, impacting pension calculations and benefit amounts for both contributors and future retirees; higher earnings lead to higher pension points up to a limit, with excess funds still contributing but not ...

Progress

44% Bias Score

No Poverty
china.org.cn
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Beijing Unveils 51 Measures for Strong 2025 Economic Start

Beijing announced six major initiatives and 51 measures to boost its economy in 2025, including streamlining business processes, enhancing public services, and launching a new trade-in policy for consumer goods, aiming for a strong start in the first quarter.

Progress

48% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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CDU's Agenda 2030: Tax Cuts, Growth, and Coalition Uncertainty

Germany's CDU party unveils Agenda 2030, proposing billion-euro tax cuts and 2%+ GDP growth, contrasting with the CSU's conservative stance and impacting potential post-election coalitions.

Progress

44% Bias Score

Reduced Inequality
lexpress.fr
🌐 85% Global Worthiness
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French Minister Fosters Dialogue with Left-Wing Parties, Achieving Policy Advancements

French Minister of Economy Eric Lombard met with leaders of the Socialist, Ecologist, and Communist parties on January 8th, 2024, for a working dinner resulting in progress on policy issues, especially tax reform; further talks continued until January 14th.

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36% Bias Score

Reduced Inequality
zeit.de
🌐 75% Global Worthiness
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German Green Party Proposes €1000 Annual Relief for Families

Germany's Green Party announced a plan to reduce costs for families by roughly €1000 annually through lower electricity and train prices (€400 and €430 savings, respectively, for a four-person family), increased child benefits, and a higher employee's allowance, as detailed in their election platfor...

Progress

44% Bias Score

Reduced Inequality