FinanceTop economist Steve Hanke says the ‘incompetent’ Fed is on a fast track to cause a terrible recession
"The Fed overdid it to begin with by pushing excessive monetary growth, and now they’re doubling-down on overdoing it by tightening too much. That’s steering the economy towards one whopper of a recession," predicts Hanke.
October 5, 2022
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Topics
Asia
Europe’s ‘unprecedented risk’ of a gas shortage will force it to compete with Asia for scarce and expensive liquid gas
Google pulls one of its few remaining consumer services from China, ending its foray back into the mainland market
Chinese billionaire Richard Liu settles U.S. rape allegation hours before trial
Environment
What every company should learn from Shell’s exemplary CEO succession strategy
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Europe
A refinery worker strike in France is choking off diesel supply amid Europe’s deepening energy crisis
More than 2,000 doctors in Slovakia are threatening to resign because of low pay and sparse funding
German minister asks for more ‘solidarity’ from U.S. and EU to help lower soaring natural gas prices as winter approaches
Finance
Top economist Steve Hanke says the ‘incompetent’ Fed is on a fast track to cause a terrible recession
‘The economy will crumble’: Another billionaire investor calls on the Fed to pull back its interest rate hikes
More than 2,000 doctors in Slovakia are threatening to resign because of low pay and sparse funding
Health
More than 2,000 doctors in Slovakia are threatening to resign because of low pay and sparse funding
‘Best before’ tags are prompting people to throw away perfectly good food. Supermarkets want manufacturers to trash the labels instead
2 symptoms are emerging as dominant in long COVID cases
Leadership
Anheuser-Busch InBev CEO on why global companies also need to think locally
What every company should learn from Shell’s exemplary CEO succession strategy
No amount of free lunches will solve the No. 1 issue workers have with returning to the office: commuting
The Ledger
How Circle could win the stablecoin game
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Will Robinhood’s no-gas-fee wallet pay off?
Lifestyle
Alec Baldwin settles lawsuit with family of cinematographer killed on the set of ‘Rust’ movie
‘If you love someone — there is no possible harm in saying so’: John Steinbeck’s letter to his son full of life advice goes to auction
Nobel Peace Prize winners actually get a lot of money. Here’s how much they can expect
Personal Finance
Tom Brady and Gisele Bündchen have reportedly hired divorce attorneys. Here’s what a split could mean for their financial empire worth hundreds of millions
Minnesota ‘hero pay’ bonus of $487 going out to frontline workers this week
Inflation means you may actually get more expensive Christmas presents this year—just don’t expect many from friends or coworkers
Politics
‘The picture for 2023 has darkened considerably’: The World Trade Organization says that global trade will decrease sharply next year as countries face a ‘multi-pronged crisis’
Florida female student athletes are asked about their menstrual history. That’s raising red flags and concerns in a post-‘Roe’ world
U.S. considering its very first over-the-counter birth control pill: Here’s who’s on board and who isn’t
Retail
McDonald’s workers are begging customers to stop ordering adult Happy Meals, a nostalgic marketing ploy: ‘New adult Happy Meals are killing me’
OPEC tries to keep oil prices high and cuts output by 2 million barrels in a move that Biden calls ‘unnecessary’
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