The UK recession will be almost as deep as that of Russia, economists predict
A woman walks past rundown, shuttered shops in Romford, England. John Keeble | Getty Images News | Getty Images LONDON — The U.K. economic contraction of 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity. In its 2023 macro outlook, Goldman […]
JOLTS report November 2022
Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession, the Labor Department reported Wednesday. The Job Openings and Labor Turnover Survey for the month showed available positions at 10.46 million, down just fractionally from October’s total and above the 10 million forecast by […]
Falling French inflation sparks hope of end to Europe’s price surge
Lower energy prices helped push inflation down in France, as European stocks rose on growing expectations that inflation has peaked across the region. French inflation fell to 6.7 per cent in the year to December, against economists’ expectations of a slight rise following the 7.1 per cent figure recorded for November. European stocks built on […]
Sam Bankman-Fried pleads not guilty
In one way the holiday season in Joseph Bankman and Barbara Fried’s household was like many others. Adult children who have fled the nest often return home for the festive period. Their son, Sam Bankman-Fried, the founder of ftx, a now defunct crypto exchange, did the same. He flew to Palo Alto, California on December […]
The Social Contract in The Reason of Rules
Contractarianism is the theory that models or evaluates social interaction on the basis of a social contract. Whether one tends to agree or disagree with this approach, it is important to understand it. In my review of Geoffrey Brennan and James Buchanan’s The Reason of Rules, just out on Econlib, I note: The classical liberal […]
A Key Lesson in Education Policy: You Don’t Make Peace with Termites
For most of the last century, the “progressives” have been taking over the nation’s education system at every level. Pick any teacher, professor, or administrator and the chances are high that he or she is utterly dedicated to the Leftist project of replacing our liberal (in the true sense of the word) society with their […]
