Argentine President Javier Milei — nicknamed El Loco (“the Madman”) for his radical right-wing politics — is looking at a possible impeachment over a cryptocurrency scandal now that the memecoin …
Economics
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Economics
Rich man’s war, poor man’s fight: why the invasion of Ukraine has widened Russia’s income gap
by Anna CooperStatistics confirm that Russia’s war economy has had a different impact on the poor and the rich. While the poor suffer from debt overload as skyrocketing prices outpace their social …
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A Washington, DC court has ordered the Trump administration to resume the distribution of foreign aid, overturning an executive order that had frozen such programs for 90 days. The freeze …
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Economics
Keep Elon Musk’s hands out of my Medicare: Why Europe isn’t rushing to be like America
by Anna CooperElon Musk has called to “Make Europe Great Again,” tweaking Donald Trump’s campaign slogan. Putting his money where his mouth is, the world’s richest entrepreneur has spoken at the congress …
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Economics
Trump, Pump & Dump: The U.S. President’s memecoin looks like a classic financial scam
by Anna CooperDonald Trump, who promised during his election campaign to make the United States the global crypto capital, launched his own cryptocurrency just days before his inauguration. While this may appear …
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The Economist has declared Spain the “best economy of 2024.” The secret of its impressive growth involves a robust labor market that features a high share of migrants. Recent reforms …
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Economics
Crude awakening: The best-case scenario for Russia’s economy in 2025 is stagnation
by Anna CooperThe Russian economy is currently coping with rising military expenditures, but its resilience is limited. The main risks it faces in 2025 come from the threat of falling oil prices …
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“Russia is largely in the state we have been striving for,” Vladimir Putin said shortly before the end of 2024. However, while the country’s GDP appears to be growing, this …
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Economics
Losing the inflation battle: Why the Central Bank can’t contain Russia’s rising prices and what it means for the economy
by Anna CooperPrices in Russia are rising so quickly that even official statistics largely confirm the economic reality. In an attempt to curb inflation, the Russian central bank has repeatedly hiked the …
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Economics
Upping the stakes: Why raising the Central Bank rate doesn’t help Russia’s wartime economy beat inflation
by Anna CooperThe Bank of Russia has left its key interest rate unchanged, contrary to predictions of further raises. The day prior, Vladimir Putin had asked the Central Bank to make a …
