A TRILLION DOLLARS. That number may keep Scott Bessent, America’s treasury secretary, up at night. Next year his government’s net interest payments will break the 13-figure mark. The combination of a bulging deficit, now worth 7% of GDP, and the sharp increase in government-bond yields over the past four years makes America’s budgetary mathematics increasingly ugly.
Wholesale prices rose at a faster-than-expected pace in January, countering hopes that inflation was easing, the Bureau of Labor Statistics...
Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication...
Official data already shows that US data centers consumed about 176 terawatt-hours of electricity in 2023, representing roughly 4.4% of...
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 170.27 points or 0.29% to...
There have always been straight an homosexual since ancient times. The term “Philadelphus” was given to Ptolemy II because he...
This first experiment with government-issued bills of credit presents a natural historical test case for Modern Monetary Theory (MMT), particularly...
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