Salt may Play an Important Role in the Energy Transition
Salt can indeed play a key role in the energy transition, particularly in the storage and conversion of energy. One promising application of salt in…
Economics
Causes of Economic Collapse
An economic collapse is a severe and sudden decline in economic activity, which can result in high unemployment, a sharp drop in the value of…
Economic Collapse
An economic collapse refers to a sudden and significant decline in economic activity, often characterized by a sharp decrease in the availability of credit, a…
Currency Transaction Tax
A Currency Transaction Tax (CTT) is a tax on currency transactions that is levied on the buying and selling of currencies. It is a tax…
Blue Economy
The blue economy refers to economic activities that take place in oceans, seas, coasts, and other bodies of water. It encompasses a wide range of…
Since Covid, Black Families’ Net Worth has Increased More than that of Other Racial Groupings, Although the Wealth Difference is Still Substantial
Throughout the epidemic, Black families’ wealth increased more than that of non-Black households, yet the racial wealth gap persists, according to a recent research. According…
Above Expectations, Inflation Increased by 0.5% in January and was 6.4% Higher than a Year Ago
According to a study released on Tuesday (February 14, 2023) by the Labor Department, inflation increased to begin 2023 as consumers felt the effects of…
Despite Rising Inflation, January Retail Sales Increased by 3%, Exceeding Expectations
Retailer sales increased significantly more than anticipated in January (2023) as consumers persisted despite escalating inflationary pressures. Advance retail sales for the month increased 3%,…
OECD Predicts a “Slightly Better” Global Economic Outlook for 2023, but Inflation Risks Linger
The global economic outlook is “slightly brighter” this year, according to OECD Secretary-General Mathias Cormann, but inflation problems persist. “The outlook for the world is…
Wholesale Price Growth of 0.7% in January was Higher than Anticipated, Driving up Inflation
According to a report released on Thursday by the Labor Department, producer prices increased more than anticipated to start the year, which caused wholesale inflation…
The World Bank Significantly Lowers its Growth Forecast for 2023 and Issues a Recessionary Warning
In response to what it perceives as generally deteriorating economic conditions, the World Bank slashed its global growth predictions from those it made in mid-2022.…
Despite Years of Opposition, France’s Government Announces Plans to Raise the Retirement Age
French President Emmanuel Macron is going at it again. The raising of France’s retirement age was included in a new pension reform proposal that was…
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