Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.

Business Financial Distress Nears COVID Levels As Sole Trader Numbers Rise Authored by Rex Widerstrom via The Epoch Times (emphasis ours), The volume of businesses struggling to pay their debts in Australia is on track to exceed the heights set during the COVID-19 pandemic, according to two reports on the nation’s economic health. Australian dollar coins and banknotes in Melbourne, Australia on April 4, 2024. AAP Image/Joel Carrett Up to 13 percent of working-age Australians and 47 percent of secondary school students want to work for themselves or start a business, but that’s...

Europe's Green Deal Is Unraveling Authored by Mohamed Moutii via the American Institute for Economic Research (AIER) Over the past decade, Europe has played a leading role in shaping global climate policy, highlighted by the launch of the European Green Deal in 2019—Ursula von der Leyen described it as a “man on the moon moment.” The initiative aims to make Europe the world’s first climate-neutral continent by 2050 while fostering innovation and strengthening its industrial base. Yet several years later, the results are deeply disappointing. Instead of meeting its goals, the Green Deal is increasingly associated with...

UBS Warns Drought Shock Unfolding Across Breadbasket Of America It's not just us sounding the alarm about severe drought conditions hitting America's breadbasket as spring plantings ramp up, or warning about the second- and third-order effects that could push food prices higher later this year. UBS analysts, led by Jonathan Pingle, told clients on Thursday morning that drought conditions across the US agricultural belt rank among the worst in more than 130 years: The National Oceanic and Atmospheric Administration's Palmer Drought Severity Index hit its highest level for March since records started...