A major source of our current economic malaise – now approaching the highest tax burden since records began – is the cost and impact of the Covid lockdowns, a price which must never be forgotten, says Kate Andrews.
The post Nobody Wants to Talk About How Lockdowns Got Us into This Mess appeared first on The Daily Sceptic.
Since taking office as Iraq’s president in October 2022, Mohammed Shia’ Sabbar Al-Sudani has made, or at least formally announced, a battle against corruption the centerpiece of his domestic agenda. Its progress has been, to put it mildly, underwhelming despite this long-overdue attempt to address the most difficult and crippling issue that is literally eating away […]
The Current State of Affairs in Pakistan Pakistan’s economy has experienced a severe downturn in the past year due to a combination of factors. Bad governance, IMF loans, the political instability, the trade imbalance, the devastating floods of 2022 in Pakistan, and the Russia-Ukraine crisis are some of the pivotal factors that have worsened inflation […]
The current financial crisis in Turkey demonstrates the rapid devaluation of the Turkish lira. After the second round of presidential elections, the Turkish lira has been falling in value almost daily, breaking new historic lows. Thus, on June 22 it overcame the psychological mark of 24 lira per dollar. All of this was the result […]
Сообщение Turkish economy has to adjust to new challenges появились сначала на New Eastern Outlook.
The dominance of the US dollar in the global economy continues to wane quietly but relentlessly as many countries actively seek other currencies. First and foremost, they are the BRICS nations of Russia, China, India, Brazil, and South Africa. Although it appeared to be only a few countries, the total population is over 3.23 billion, […]
Сообщение The Magic Skin of US dollar hegemony появились сначала на New Eastern Outlook.
The Turkish lira plunged to a new historic low after Erdoğan had won the second round of the presidential election, according to the Spanish daily newspaper La Vanguardia (today the dollar is worth 20 lira, but Western analysts predict that there will be another 40% drop, with the dollar equaling 28 lira). With inflation skyrocketing, […]
Сообщение Meanwhile, the Turkish Lira Has Gone Downhill… появились сначала на New Eastern Outlook.
