That's Interesting
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NPR Planet Money: Fed Cut
01st August, 2019The FED has lowered rates “But this decision by the Fed is controversial because right now the US economy seems to be doing fine — and cutting rates if the economy doesn’t need help is risky. So, should it be lowering rates right now? Today Cardiff and Stacey debate the wisdom and discuss the whys and wherefores of a rate cut now.”
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The Atlantic: Your Professional Decline Is Coming (Much) Sooner Than You Think
05th July, 2019“The data are shockingly clear that for most people, in most fields, professional decline starts earlier than almost anyone thinks.”
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The Coast Guard Just Busted a Garlic-Smuggling Operation in the Caribbean
05th July, 2019Unlike other forms of smuggling that often involves illegal or banned substances, garlic is smuggled primarily for economic reasons.
“As part of the recent trade war between China and the United States, the U.S. imposed tariffs on Chinese garlic of 10 percent.”
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NPR: Chubb Insurance no longer underwriting coal industry
05th July, 2019“Chubb insurance says it will no longer underwrite coal-fired power plants, the first major U.S. insurer to do so. It’s a big victory for a campaign that’s been pressuring the industry over climate change.”
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IMF Working Paper – Enabling Deep Negative Rates to Fight Recessions: A Guide
30th May, 2019“The experience of the Great Recession and its aftermath revealed that a lower bound on interest rates can be a serious obstacle for fighting recessions. However, the zero lower bound is not a law of nature; it is a policy choice. The central message of this paper is that with readily available tools a central bank can enable deep negative rates whenever needed—thus maintaining the power of monetary policy in the future to end recessions within a short time.”
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