ECONOMICS

By Linda Schadler of PhysOrg

The income of many people around the world has considerably increased due to the economic globalization of the last 50 years. However, these income gains are unevenly distributed. A study by Dr. Valentin Lang, junior professor of political economy at the University of Mannheim, and his co-author Marina M. Tavares of the International Monetary Fund shows that the top 10% of the national income distributions, in particular, have benefited from this development. (more…)

Moments ago the University of Michigan released the latest "report card" on Bidenomics, and to nobody's surprise – except perhaps a certainl senile resident of the White House, it was a total disaster as Sentiment unexpectedly plunged from 77.2 to 67.4, the 9.8 point drop the biggest since August 2021…

… which was not only a 7-sigma miss to expectations of a 76.2 print…

… but was the biggest miss on record!

The collapse in (more…)

They say central bankers can always print money out thin air: in this one case, however, the head of Malta's central bank could desperately do with a bigger money printer, or at least a much better attorney.

Malta's attorney general filed charges of fraud and misappropriation of funds against Central Bank of Malta Governor Edward Scicluna as well sa the country's Deputy Prime Minister Chris Fearne, Reuters reports citing court documents. At the same time, in what appears to be (more…)