Heather MacDonald, a Manhattan Institute Fellow, argues that Chicago’s declining schools, soaring crime, and economic woes are a direct result of Democratic policies. She uses Chicago as a case study to warn Americans about the potential consequences of electing Kamala Harris and Tim Walz, highlighting their support for teachers’ unions, opposition to school choice, and lenient crime policies.
Mary Daly, President of the San Francisco Federal Reserve, advocates for a cautious approach to interest rate cuts, emphasizing a gradual adjustment rather than a rapid decrease. She believes the U.S. economy is not yet at a point where drastic cuts are warranted and cites ongoing progress in inflation control as a key factor in her stance. Her comments come ahead of the Jackson Hole economic symposium and highlight a growing debate within the Fed regarding the appropriate pace of rate adjustments.
Billionaire entrepreneur Mark Cuban has criticized former President Donald Trump’s proposed solution to combat inflation, comparing it to a micromanager’s approach. Cuban’s skepticism comes amid polls suggesting a Trump win could lead to higher inflation and deficits. Meanwhile, Vice President Kamala Harris has surged ahead of Trump in key battleground states.
As Russia’s economy faces challenges due to the ongoing conflict in Ukraine, the government has announced a comprehensive plan to revitalize the country’s tourism sector. The strategy focuses on infrastructure development, marketing campaigns, visa simplification, and safety measures to attract both domestic and international visitors.
Four years after a military coup, Mali faces economic challenges with worsening poverty and frequent power outages impacting businesses and daily life. The junta’s postponement of elections and reliance on Russia has raised concerns, but some residents remain hopeful about greater independence from France.
Governor C P Radhakrishnan has expressed confidence in India’s economic rise, envisioning it becoming the world’s largest economy by 2047. He further predicts Maharashtra’s economy to surpass Germany and Japan, showcasing the state’s potential as an economic powerhouse. Radhakrishnan, in his first public address after assuming office, commended the state government’s efforts in driving economic growth and pledged his support in achieving this ambitious goal.
Former Representative Mike Rogers is running for the Senate in Michigan, focusing on economic issues and appealing to voters struggling financially. He claims to be fighting for the average Michigander, while Democrats criticize him for his past dealings with corporations. Rogers faces a tight race against incumbent Democrat Elissa Slotkin, with polls showing a close contest.
Political instability in Bangladesh could significantly impact India’s medical tourism sector, which relies heavily on Bangladeshi patients. The unrest has caused a decline in medical tourists from Bangladesh, potentially reducing their contribution to India’s medical tourism by 10-15% in 2024. This decline could impact the overall growth of the industry, which has seen a strong rebound from the COVID-19 pandemic.
China’s youth unemployment rate soared to a record 17.1% in July, highlighting the growing economic challenges facing the world’s second-largest economy. This surge comes amidst broader economic difficulties, including a struggling property sector and trade tensions with the West. The government is facing pressure to address this issue, but the effectiveness of its measures remains uncertain.
Sen. Bernie Sanders has voiced his support for Vice President Kamala Harris’ newly unveiled economic policy proposal, praising it as ‘bold and popular.’ The plan, which includes measures to combat corporate ‘price gouging’ in the food industry, expand the child tax credit, and establish a $40 billion fund for affordable housing, has drawn both praise and criticism.
