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Statistics Canada’s latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what’s owned by Canada’s richest families. The survey, conducted only every few years, shows home-owning families whose main earner was 55 to 64, and who had an employer-sponsored pension, […]
Top economists and assorted financial experts have been sounding the alarm that Donald Trump’s plans for a second presidential administration would spike the federal deficit by trillions of dollars, worsen inflation, and, eventually, send the U.S. economy screaming toward a recession (if not an outright depression). Weirdly enough, it appears that Trump’s top campaign operative, […]
When asked about the risk artificial intelligence poses to humans, AI pioneer and Nobel Prize winner Geoffrey Hinton replies with a reference to a legendary Hollywood director and a grim joke. “James Cameron recently said Terminator was too optimistic,” he said. “Because humans had a chance against super intelligence.” His delivery is deadpan. Hinton, often referred […]
The “biggest near term risk” to the Irish economy is the election of Donald Trump to the US Presidency, a leading economist has warned. Dan O’Brien, chief economist at the Institute of International and European Affairs (IIEA), believes Irish jobs could be at risk if Mr. Trump is victorious on November 5. In stark contrast, […]
The new administration’s pledge to prioritise growing the economy has driven a 4% gain in the rand. Source link
Treasury Department says curbs will ensure US investment does not advance technologies that threaten national security. The United States has finalised rules that limit investments in critical technology sectors in China such as artificial intelligence on national security grounds, the Treasury Department has announced. The restrictions will bar US citizens and permanent residents, as well […]
COST OF LIVING ‘FREE-FOR-ALL’? As the hot takes keep on coming regarding the LNP’s victory in the Queensland state election, the Albanese government is attempting to change the conversation and reject the calls for knee-jerk responses. The Australian Financial Review has led overnight on Treasurer Jim Chalmers saying there would be no cost of living […]
Treasury Secretary Janet Yellen warned that the West Bank’s economy could collapse if Israel doesn’t preserve its banking relationship with Palestinian financial institutions in the territory it occupies. Source link
With an aging population and a decline in US-born workers, Pennsylvania will soon need a new workforce to sustain economic health. Immigrants are playing a pivotal role in fulfilling these needs, according to a recent report from workforce development nonprofit Upwardly Global and the American Immigration Council. The report analyzed 2022 data across several states […]
UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK on September 23, 2024. Anadolu | Getty Images LONDON — U.K. Finance Minister Rachel Reeves will deliver the government’s hotly awaited debut budget on Wednesday, putting to bed weeks of […]