Liu Guanguan/China News Service/Getty Images By Julia Horowitz, CNN Business The Federal Reserve is buying $120 billion in bonds per month, part of a package of emergency measures to prop up the US economy during the pandemic. But as activity returns to normal, is that level of support necessary? That’s among the key questions facing...Read More

VIENTIANE (Vientiane Times/Asia News Network): The Lao economy is on course for moderately improved growth in 2021, despite an outbreak of Covid-19 denting the promising economic recovery made earlier in the year, according to the World Bank. The Bank’s latest Economic Monitor for Laos — A Path to Recovery — predicts that GDP growth will...Read More

In a Politburo group study session on 23 November 2015, China’s president, Xi Jinping, recommended the book Capital in the Twenty-First Century by the French economist Thomas Piketty. “The rich data he used demonstrated that … unrestrained capitalism accelerates wealth inequality … [His] conclusion is worth us pondering on.” Back then, Piketty’s work on inequality...Read More

The safe-haven US dollar on Friday slipped from a nine-and-a-half-month high as risk appetite improved, with equities gaining and benchmark US Treasury yields higher, although the near-term outlook for the greenback remained upbeat. The US currency remained supported overall by concerns that the Delta variant of SARS-CoV-2 could derail global economic recovery just as...Read More

President Lopez Obrador of Mexico in his inaugural speech itself had called neoliberalism a “disaster” and a “calamity”. The Leftist political party, MORENA, to which he belongs, had stated in its programme: “The global economic crisis has revealed the failure of the neoliberal model. The economic policy imposed by the international financial organisations leads to...Read More

On August 10, 2021, the Centers for Medicare and Medicaid (“CMS”) published a proposed rule (“Proposed Rule”) to rescind the Most Favored Nation Model (“MFN Model”) interim final rule that was published on November 26, 2020 (“Interim Final Rule”).  As described in our December 2020 blog post, the Interim Final Rule established seven-year nationwide, mandatory MFN Model that would test...Read More

(Watch for this story Monday morning on WZZM TV 13) After being rocked by the deadly pandemic, Michigan’s agricultural economy is rebounding. The recent Economic Impact of COVID-19 on Michigan Agricultural Production Sectors report detailed the impact of the pandemic on row crops, livestock, tree fruits, vegetables and dairy. It was authored by Steven R....Read More

(Bloomberg) — Stock futures rebounded as technology companies gained in premarket trading. The dollar rose for a fifth day, its longest winning streak in two months. S&P 500 contracts turned green, while Nasdaq 100 futures outperformed. Equities still headed toward a weekly drop as faltering growth and China’s regulatory curbs compounded risks before the Federal...Read More

China’s economic growth is anti-summer floodscoronavirus Officials announced controls on Monday after consumer sales and other activities weakened in July. Chinese Economy National Bureau of Statistics spokesman Hu Lin Hui said the slowdown from last year’s pandemic is still on a recovery track, but it is likely to weaken as it was relatively strong in...Read More

Similarly, Wahid Majrooh, the acting minister of public health in Afghanistan, told The Washington Post that he is “deeply, deeply concerned” about cuts in international aid and funding for the Afghan government’s national health-care system. Majrooh said in an interview that he is already facing shortages of critical medical supplies such as bandages, sutures, syringes,...Read More