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News Headlines
Gavin Newsom calls for national billionaires tax: ‘It’s time for an economic reset’ cnbc.com
California Gov. Gavin Newsom said he supports imposing “a true minimum tax on billionaires” and closing “tax-free lifestyle loan” loopholes for the rich.
Source: cnbc.com
Chicago arts economy generates $50B, report finds axios.com
A new report says the creative sector supports 210,000 Chicago jobs and billions in tax revenue.
Source: axios.com
With cracks showing in Washington economy, Ferguson forms new council to look for fixes opb.org
Gov. Bob Ferguson on Thursday signed an executive order creating a 26-person panel to advise him on how to keep the state competitive.
Source: opb.org
One chart explains the economy’s terrible baby boomer hangover, Gen X’s invisibility, and millennial and Gen Z irrelevance fortune.com
Even though the youngest of them are in their 60s, the economy continues to revolve around baby boomers.
Source: fortune.com
Americans are feeling a little better about the economy as gas prices ease cnn.com
After months of souring views driven in part by a surge in gas prices, Americans are feeling more and more optimistic about the economy, according to new data released Friday.
Source: cnn.com
Volkswagen’s Cuts Signal Fresh Challenges for Germany’s Economy bloomberg.com
Argentina’s April economic activity seen up 2% year-on-year reuters.com
Argentina’s monthly economic activity indicator is forecast to show 2% year-over-year growth in April, down from 5.5% in March, according to the median of a Reuters survey of 10 analysts released Friday.
Source: reuters.com
Warsh reaches within the Fed for latest advisory appointments cnbc.com
Warsh has added two more key advisors as he seeks to remake how the central bank approaches the economy and monetary policy.
Source: cnbc.com
The Odds: The Economy cnn.com
Source: cnn.com
Russian-installed authorities declare economic emergency in Crimea nbcnews.com
The declaration comes days after authorities halted all civilian fuel sales in response to Ukrainian attacks on Crimea.
Source: nbcnews.com
Exclusive: Goldman bankers say the next AI boom is in the physical economy axios.com
Hong Kong civil service chief vows ‘attractive’ pay rise once economy improves scmp.com
Ingrid Yeung stresses prudent use of public money after some lawmakers say flat 2 per cent pay rise falls short of pay trends, union demands.
Source: scmp.com
Russian Economy ‘in Dead End’ as War Costs Devour Budget kyivpost.com
Russia is burning through reserves to fund the war, with oil revenues down 30% and defense spending consuming nearly half of the state budget.
Source: kyivpost.com
EU’s €800 Billion Splurge Sees Results in Naples bloomberg.com
What happened when the European Union splurged €800 billion on its economy? Take a look at Naples.
Source: bloomberg.com
At last, an economic policy we can all get behind – doubling the royal family’s funding theguardian.com
But with rumours about a certain workshy Windsor circulating this week, are we actually encouraging joblessness with an overly generous safety net, asks Guardian columnist Marina Hyde
Source: theguardian.com