Labour's Public Sector Pivot: Economic Implications and Risks
Chancellor Rachel Reeves plans a 2025 shift prioritizing the UK public sector over the private sector, reversing decades of policy and potentially increasing taxes and government debt due to high public sector pay and unfunded pensions totaling £1.3 trillion.
Labour's Public Sector Pivot: Economic Implications and Risks
Chancellor Rachel Reeves plans a 2025 shift prioritizing the UK public sector over the private sector, reversing decades of policy and potentially increasing taxes and government debt due to high public sector pay and unfunded pensions totaling £1.3 trillion.
Progress
60% Bias Score
US National Debt: Risk Management, Not Moralizing
The US national debt has tripled to almost \$36 trillion in two decades, necessitating a shift in focus from the "good debt/bad debt" debate to effective risk management; the government's failure to fully exploit historically low interest rates is highlighted as a key risk.
US National Debt: Risk Management, Not Moralizing
The US national debt has tripled to almost \$36 trillion in two decades, necessitating a shift in focus from the "good debt/bad debt" debate to effective risk management; the government's failure to fully exploit historically low interest rates is highlighted as a key risk.
Progress
44% Bias Score
French Q3 2024 Finance Law: 57.58 Billion Payment Credit Increase
During Q3 2024, payment credits under the 2024 Finance Law (LFI) increased by 57.58 billion to 5,859.14 billion due to credit deferrals for internally-funded capital expenditures; this involved spending shifts across goods/services, transfers, and investments, alongside a 34.5% execution rate for fo...
French Q3 2024 Finance Law: 57.58 Billion Payment Credit Increase
During Q3 2024, payment credits under the 2024 Finance Law (LFI) increased by 57.58 billion to 5,859.14 billion due to credit deferrals for internally-funded capital expenditures; this involved spending shifts across goods/services, transfers, and investments, alongside a 34.5% execution rate for fo...
Progress
20% Bias Score
Armenia's Tax Shortfall and Delayed Social Programs
The Armenian government collected $500 million less in taxes than projected this year, yet the Minister of Finance insists no programs were delayed due to funding issues, despite postponements of promised pension increases and a health insurance system launch, attributed to system unpreparedness.
Armenia's Tax Shortfall and Delayed Social Programs
The Armenian government collected $500 million less in taxes than projected this year, yet the Minister of Finance insists no programs were delayed due to funding issues, despite postponements of promised pension increases and a health insurance system launch, attributed to system unpreparedness.
Progress
48% Bias Score
Putin Outlines 17 Trillion Ruble Loan Plan for Russia's 2025 Economic Growth
President Putin instructed the Russian cabinet to prioritize balanced economic growth with low unemployment and moderate inflation in 2025, allocating 17 trillion rubles for subsidized loans to stimulate investment and technological independence.
Putin Outlines 17 Trillion Ruble Loan Plan for Russia's 2025 Economic Growth
President Putin instructed the Russian cabinet to prioritize balanced economic growth with low unemployment and moderate inflation in 2025, allocating 17 trillion rubles for subsidized loans to stimulate investment and technological independence.
Progress
40% Bias Score
Justice Thomas Failed to Disclose Trips, Senate Report Reveals
A Senate Democratic report revealed that Supreme Court Justice Clarence Thomas failed to disclose multiple trips, prompting renewed calls for ethics reform and highlighting a lack of transparency within the judicial branch, following a 20-month investigation.
Justice Thomas Failed to Disclose Trips, Senate Report Reveals
A Senate Democratic report revealed that Supreme Court Justice Clarence Thomas failed to disclose multiple trips, prompting renewed calls for ethics reform and highlighting a lack of transparency within the judicial branch, following a 20-month investigation.
Progress
32% Bias Score
1.5 Million Children Study in Dilapidated Schools Amidst England's Crumbling Public Infrastructure
A Guardian investigation reveals that over 1.5 million children in England attend schools in dilapidated buildings, due to years of underinvestment, causing safety concerns and prompting calls for increased funding.
1.5 Million Children Study in Dilapidated Schools Amidst England's Crumbling Public Infrastructure
A Guardian investigation reveals that over 1.5 million children in England attend schools in dilapidated buildings, due to years of underinvestment, causing safety concerns and prompting calls for increased funding.
Progress
28% Bias Score
Congress Passes Social Security Fairness Act, Adding \$196 Billion to Deficit
Congress passed the Social Security Fairness Act, repealing the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) to increase benefits for 3 million retired public sector workers, adding \$196 billion to the federal deficit over 10 years.
Congress Passes Social Security Fairness Act, Adding \$196 Billion to Deficit
Congress passed the Social Security Fairness Act, repealing the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) to increase benefits for 3 million retired public sector workers, adding \$196 billion to the federal deficit over 10 years.
Progress
40% Bias Score
\$13 Billion Blowout in Australian Veteran Assistance
Australia will spend \$13.3 billion more than forecast on veteran assistance by 2027-28 due to clearing a backlog of 66,000 claims under the previous government, surpassing funding for public schools; this follows a Royal Commission finding that linked faster processing to improved veteran health ou...
\$13 Billion Blowout in Australian Veteran Assistance
Australia will spend \$13.3 billion more than forecast on veteran assistance by 2027-28 due to clearing a backlog of 66,000 claims under the previous government, surpassing funding for public schools; this follows a Royal Commission finding that linked faster processing to improved veteran health ou...
Progress
40% Bias Score
China Announces Proactive 2025 Fiscal Policy to Boost Growth
China will implement a more proactive fiscal policy in 2025, increasing the fiscal deficit, government spending, and bond issuance to boost economic growth, focusing on consumption, technological innovation, and risk mitigation.
China Announces Proactive 2025 Fiscal Policy to Boost Growth
China will implement a more proactive fiscal policy in 2025, increasing the fiscal deficit, government spending, and bond issuance to boost economic growth, focusing on consumption, technological innovation, and risk mitigation.
Progress
32% Bias Score
Putin Orders Review of Russia's 17 Trillion Ruble Loan Subsidy Program
Facing high inflation despite rapid economic growth and low unemployment, Russia's President Putin ordered a review of the effectiveness of a 17 trillion ruble loan subsidy program, emphasizing the need for better risk distribution and improved communication to ensure the program's long-term sustain...
Putin Orders Review of Russia's 17 Trillion Ruble Loan Subsidy Program
Facing high inflation despite rapid economic growth and low unemployment, Russia's President Putin ordered a review of the effectiveness of a 17 trillion ruble loan subsidy program, emphasizing the need for better risk distribution and improved communication to ensure the program's long-term sustain...
Progress
44% Bias Score
Germany Faces €5 Billion Child Support Recovery Crisis
As of December 31, 2023, the German government had €5.178 billion in outstanding claims for advanced child support payments, with a recovery rate of approximately 20%, highlighting systemic challenges in enforcing child support obligations and prompting criticism of the government's handling of the ...
Germany Faces €5 Billion Child Support Recovery Crisis
As of December 31, 2023, the German government had €5.178 billion in outstanding claims for advanced child support payments, with a recovery rate of approximately 20%, highlighting systemic challenges in enforcing child support obligations and prompting criticism of the government's handling of the ...
Progress
52% Bias Score