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The Reality of Bidenomics: How Good Was Biden for the Economy?

Yves here. Radihka Desai and Michael Hudson provide an in-depth, data-driven takedown of the Democratic party cheerleading over the supposedly great state of the economy under Biden. By Radhika Desai and Michael Hudson. Originally published at Geopolitical Economy Report To read a transcript with the charts embedded, please visit Geopolitical Economy Report RADHIKA DESAI: Hello

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UK ‘net-zero’ economy bucks recession: study

The United Kingdom’s “net-zero economy” ― from electric cars to carbon capture and renewables like solar and wind power ― increased 9 percent to 74 billion pounds ($94 billion) year on year, said the study by think tank Energy and Climate Intelligence Unit (ECIU) in conjunction with business lobbyists CBI and The Data City research

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Global

Nigerian labor unions strike over inflation, ailing economy

Nigeria’s government employees and other union workers began a new nationwide strike Tuesday that threatened to shut down key services while people are angry about soaring inflation and growing economic pain. Since assuming office in Africa’s most populous country last year, President Bola Tinubu has enacted policies that include doing away with fuel subsidies and

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Forecasters have high hopes for US economy

NEW YORK: This year looks to be a much better one for the US economy than business economists were forecasting just a few months ago, according to a survey released on Monday. The economy looks set to grow 2.2 percent this year after adjusting for inflation, according to the National Association for Business Economics. That

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World economy weighed down by war, uncertainty

ABU DHABI: The head of the World Trade Organization (WTO) warned on Monday that war, uncertainty and instability were weighing down the global economy and urged the bloc to embrace reform as elections across nearly half the world’s population could bring new challenges. WTO Director-General Ngozi Okonjo-Iweala sought to offer some praise for her organization

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Gloom settles over Germany’s economy

FRANKFURT, Germany: Germany’s businesses remain mired in pessimism, a key survey showed Friday, as Europe’s largest economy struggles with shortages of skilled labor, slower global trade, high interest rates and political squabbling. The closely watched Ifo institute survey of business sentiment rose only slightly to 85.5 points in February from 85.2 points in January due

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War Is Bad for You — And the Economy

Yves here. William Hartung takes aim at the regular arms contractor claim, now a pet message of President Biden, that war spending helps the economy. Mind you, this assertion might not be as inaccurate as it is in the current US context if our arms contractors were not primarily in the pork business and the

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