Malnourished children with withered arms have been arriving at clinics in Afghanistan for months now. Although the markets are full of food, too many people lack the money to buy it. Since U.S. forces withdrew and the Taliban seized control in August, prices have skyrocketed.
Some of this is the inevitable result of the Taliban takeover. The Afghan government had been heavily dependent on foreign aid , which was largely cut off when the Taliban took power.
Column: Draining the money pool - guess the 'excess' | Reuters
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LONDON, Jan 14 (Reuters) - If central banks start draining the money pool to stop an overspill buoying sky-high inflation, the assessment of just how much liquidity is 'excess' becomes critical to world markets.
A hawkish new year blitz from the U.S. Federal Reserve in the face of 7% inflation and near full employment readings stateside has markets scrambling to price as many as four U.S. interest rate rises this year.
Australia regulator expands money laundering probe at casino firm Star | Reuters
The sector has been plagued by a slew of regulatory inquiries in Australia and the development highlights casino firms' shortcomings in managing strict oversight of alleged money laundering at their gambling hotspots.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) launched a probe in June into Star's casino in Sydney amid concerns over ongoing customer due diligence and compliance with laws.
These money and investing tips can keep you on top of your stock portfolio even when the bottom
Most inflation forecasters do little more than extrapolate the recent past into the future. Read More
The odds that stocks will rise are no different after a 10% decline than they are before. Read More
Many companies will be hard-pressed to beat estimates by a wide margin. And executives are more downbeat. That said, some areas of the market will shine. Read More
6 Money Moves From Fintech Founders That Will Help You Achieve Your Financial Goals
While creating a budget, paying down debt, and investing in the stock market tend to get a lot of buzz, there are many other less obvious money moves you can make to ensure 2022 is your best financial year yet.
Some of the most impactful actions you can take are actually in personal finance niches like real estate, taxes, medical bills, and business finance.
On the Money — Student borrowers stare down rising prices | TheHill
A White House official, when asked about rising inflation and the impact on borrowers, pointed to Biden's plan to reduce prices by going after meat processors and directing the biggest oil reserve release in history.
"The President knows the kind of squeeze that can put on working families, which is why he's using every tool at his disposal to bring those prices down," the official told The Hill.
JPMorgan Chase still minting money even as inflation and rates rise - CNN
Aging bridges are target of $27 billion in infrastructure money - The Washington Post
The Biden administration urged states on Friday to get to work bringing thousands of aging bridges up to par, while improving safety and uncorking bottlenecks, with the help of $27.5 billion in new federal aid.
The White House announced the allocation of money to mark 60 days since President Biden signed the $1 trillion infrastructure bill. The bridge program is one of the largest new sources of federal spending in the package and one that encapsulates its bipartisan appeal.
China tightens screws on big money market funds | Reuters
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A surveillance camera is pictured outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang
SHANGHAI, Jan 14 (Reuters) - China's securities regulator published draft rules on Friday to strengthen supervision over major money market funds, a step that could further rein in Ant Group's Yu'e Bao.
Money: back to the future - Economics Observatory
I write this newsletter from Belfast, where the DeLorean sports car – most famous for having been used as Marty McFly's time machine in the Back to the Future movies – was manufactured.
Let's go back to 2000. I taught my very first lecture at Queen's University Belfast that year. The topic was money and the debate in class focused on the possibility and merits of a futuristic cashless society. That year more than three-quarters of total payments were made in cash.
Happening on Twitter
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