Complying with Trump administration’s attack on DEI could get employers into legal trouble
Discrimination is illegal in the U.S.
Labubu is not the only Chinese cultural icon to be making a big hit in 2025
While Beijing has been showing off its latest military hardware to an array of international leaders, Chinese cultural icons are making their mark with a very different audience.
At Naomi Osaka’s opening match at the US Open, she had a Labubu attached to her racket bag as she walked on to court which attracted a lot of attention. After the match she told reporters that the doll was a tribute to Billie Jean King (it has big BJK trademark glasses and she calls it Billie Jean Bling).
The hard truth about the circular economy – real change will take more than refillable bottles
hurricanehank/ShutterstockWe extract more than 100 billion tonnes of raw materials from Earth each year, then throw most of them away.
DBRS leaves credit rating of 'BBB' and stable outlook unchanged
The new round of rating reviews started on Friday with DBRS keeping Greece’s credit rating unchanged at ‘BBB’. The outlook also remained unchanged at stable.
PM defends stance on Turkey and troubled electricity cable project
Prime Minister Kyriakos Mitsotakis is planning to meet with Turkey’s President Recep Tayyip Erdogan in New York with the aim of maintaining the current stability in relations between the two countries, while reiterating that Ankara needs to abolish its casus belli clause for ties to improve.
Mitsotakis delivers major tax-cut package as he seeks to stay course for another term
Prime Minister Kyriakos Mitsotakis has presented a long-anticipated and much-advertised set of tax cuts aimed at setting his ruling New Democracy party on course for a third parliamentary majority after witnessing a decline in support over the last few months.
A Second Weak Jobs Report Challenges Trump’s Claim the Economy Is Booming
After a bad employment report in August, President Trump fired the official in charge of the numbers. This month’s data was just as disappointing.
History is full of failed attempts to establish new currencies. So what makes crypto different?
Bukhta Yurii/ShutterstockThe confusion and commotion over cryptocurrency often reminds me of the 19th-century German drama Faust. In Goethe’s masterpiece, the devil Mephistopheles offers an emperor the tantalising vision of limitless wealth through the printing of paper money.
FEDS Paper: Pricing Tail Risks: Bank Equity Returns During the 2023 Bank Stress
Matthew P. Seay and Shawn M. KimbleDid bank equity prices reflect growing sector imbalances before the 2023 failure of Silicon Valley Bank? We find that banks with higher reliance on uninsured deposits, or with higher marked-to-market leverage, had lower equity returns prior to SVB's collapse. Although markets priced uninsured deposits and high leverage individually, their interaction was not reflected in market prices prior to SVB’s failure.
FEDS Paper: Evaluating Macroeconomic Outcomes Under Asymmetries: Expectations Matter
Brent Bundick, Isabel Cairó, Nicolas Petrosky-NadeauAsymmetries play an important role in many macroeconomic models. We show that assumptions on household and firm expectations play a key role in determining the effects of these asymmetries on macroeconomic outcomes.
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