Tag: economy
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What Would Turn Oil Shock, AI Bubble, El Niño Into A Financial Crisis?
A financial crisis emerges when multiple, seemingly unrelated shocks converge on the same lenders, not from isolated events. This autumn, climate impacts, energy shortages, and debt-laden AI commitments threaten to erode the financial resilience of households and businesses. As consumer costs rise and spending power diminishes, loan defaults become more likely, weakening lenders. The article…
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Zhu Rongji, the ‘economic czar’ who helped turn China into a powerhouse
Known as China’s “economic czar,” Zhu led the country to embrace market liberalization and globalization, steering its transition from a centrally planned backwater to a more open and market-friendly economy. In some ways his death marks the end of a more economically optimistic era for many Chinese who witnessed their country’s sweeping transformation during its…
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What everyone is missing about Mamdani’s plan to tax Ken Griffin’s $238 million penthouse
The kerfuffle masks the larger problem with New York City’s broken property tax system, which undervalues high-end condos and overtaxes renters. Little of the city’s most expensive real estate is actually taxed at its market value. This creates a powerful incentive for the world’s richest people to park their money in New York City real estate and…
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Data center, le rivolte negli Usa
A pochi il nuovo potere dell’AI, agli altri bollette più care (e l’invasione di Big Tech). Trump ha esentato computer e componenti dei data center dai suoi dazi: l’AI building è favorito rispetto a qualunque altro settore. Ma le proteste degli americani hanno già bloccato decine di costruzioni di data center: ecco perché. […] Ciò…
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Trump announces new auto tariffs in a major trade war escalation
The move didn’t come as a huge surprise to automakers. An executive at one of the automakers, who spoke on background to CNN on Wednesday, said they had already been working with the assumption that auto tariffs would take effect next week. “We were all kind of expecting April 2 to be our day,” said…