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Let’s all please stop calling dollars ‘fiat money’

Sometimes it’s possible to simplify something too much. More than a decade ago Ben Bernanke, then chair of the Federal Reserve’s Board of Governors, sat down for an interview with 60 Minutes, the television show that important Americans call when they have important things to say. Bernanke was explaining how the Fed had responded to the […]

No, the jobs aren’t all back yet – in any top U.S. industry

Empty cubicles are seen as the first phase of FMC Corporation employees return to work in the office in Philadelphia, Pennsylvania, U.S., June 14, 2021. REUTERS/Hannah Beier/File Photo July 2 (Reuters) – No major U.S. industry has regained its pre-recession level of employment in the 16 months since COVID-19 torpedoed the labor market, a sobering […]

Why women have suffered more financially during the pandemic

The disproportionate economic harm that the pandemic has done to women—what some are calling the “shecession”—seems to have taken many people by surprise. But longstanding inequities made women especially vulnerable. The Gates Foundation has released new findings from the Eurasia Group and the International Labour Organisation, in conjunction with UN Women’s Generation Equality Forum, documenting why women […]

Australian shares close higher on phased economic reopening plan

* Energy stocks lead gains on ASX * IDP Education surges over 20% * NZX 50 ends 0.2% higher (Updates to close) July 2 (Reuters) – Australian shares closed higher on Friday, boosted by the country’s four-phase plan to reopen the economy from virus-led lockdowns, though they ended the turbulent week flat. The S&P/ASX 200 […]

Business of the Week: Buska Retirement Solutions, Buska Wealth Management

Wausau Pilot & Review Editor’s note: Business of the Week is a sponsored feature that shares the stories of locally-owned and operated businesses in the Wausau area, highlighting the products and services they offer and the ways they contribute to the metro area’s unique flavor. Learn how to feature your business by emailing christina@wausaupilotandreview.com. This […]