Latest in Fiscal Package Fails
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China’s $1.4tn fiscal package fails to excite
Beijing unveils fiscal stimulus to help shore up its faltering economyWorld - Financial Times - 3 days ago -
China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.Business - CNBC - 6 days ago -
Europe’s fiscal tug of war
Pressure to display fiscal discipline is no less high than pressure to spend more on security and economic innovationWorld - Financial Times - October 26 -
China’s investors are counting on fiscal stimulus
Recent market rally will peter out without decisive policy action to boost the economyWorld - Financial Times - October 16 -
Why chancellors need fiscal rules
Rachel Reeves’s new set-up frees up capital spending but her ability to reap benefits depends on many other thingsBusiness - Financial Times - October 25 -
Peering inside a (fiscal) black hole
Come for the snark, stay for the Soundgarden punsWorld - Financial Times - November 1 -
Trump’s Tax Proposals Face a Fiscal Reckoning
Advisers to President-elect Donald J. Trump and Republicans on Capitol Hill are already looking at ways to scale back some of his more expensive ideas.Business - The New York Times - 6 days ago -
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Will mail, packages be delivered on Veterans Day?
On Monday, Nov. 11, the United States Postal Service will be observing Veterans Day.Politics - The Hill - 3 days ago -
Starmer to pledge to ‘embrace fiscal reality’ in the Budget
UK prime minister is facing growing criticism that planned tax rises will hit ‘working people’Business - Financial Times - October 27 -
The elusive pivot from monetary to fiscal tightening
IMF wants lower interest rates and government deficits. That looks unlikelyWorld - Financial Times - October 29 -
The UK gets it wrong again on fiscal rules
You’re a little much for me, public sector net financial liabilitiesWorld - Financial Times - November 5 -
Europe’s growth prospects hit by fiscal restraint
EU governments’ belt-tightening plans come at a time when more investment is needed and growth is weakWorld - Financial Times - 16 hours ago -
China approves $840B plan to refinance local government debt, boost slowing economy
China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in the latest push to rev up growth in the world's second largest economyWorld - ABC News - 6 days ago -
China unveils $1.4tn package to shore up economy
Beijing is bracing for increased trade tensions with US under Donald TrumpWorld - Financial Times - 6 days ago -
Mattel 'deeply regrets' porn site misprint on Wicked dolls
Recently-released dolls tied to the new Wicked movie inadvertently carry the address of an adult website.Top stories - BBC News - 4 days ago -
Costco’s Packaging Flub Churns Up a Butter Recall
The retailing chain has recalled 80,000 pounds of butter because its packaging omitted an allergen warning. It follows a more dramatic packaging stumble from Mattel last week.Business - Inc. - 2 days ago -
How the media is failing us
I include myself in the under-reporting of the most consequential global storiesBusiness - Financial Times - October 31 -
Manufacturing fetishism is destined to fail
It is so much easier to blame the disappearance of these US jobs on China than on domestic consumers and automationWorld - Financial Times - 2 days ago -
FirstFT: Musk backs Trump election bid with $75mn donation
Also in today’s newsletter, luxury shares fall after poor LVMH results and Boeing raises new capitalWorld - Financial Times - October 16 -
U.S. budget deficit in fiscal 2024 swells to third-highest level on record
The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.Business - MarketWatch - October 19 -
Why Xi Jinping changed his mind on China’s fiscal stimulus
After resisting calls to intervene, Beijing has made a sudden U-turn. But will the package be enough to get the economy back on track?Business - Financial Times - October 22 -
My fiscal rules will provide the stability on which growth depends
Britain faces a choice between investment or declineBusiness - Financial Times - October 24 -
Reeves confirms change to UK fiscal rules to help fund £20bn of annual investment
Chancellor promises in FT to avoid ‘falls in public sector investment’ planned by ToriesBusiness - Financial Times - October 24 -
Jeremy Hunt attempts to block watchdog report on £22bn ‘fiscal hole’
Former chancellor argues publication on Budget day will be used by Labour as ‘political weapon’Business - Financial Times - October 29 -
UK’s rising fiscal burden narrows tax gap with Europe
Britain’s fiscal picture is closer to EU averages than it has been for decadesBusiness - Financial Times - October 30 -
Barclays’ chief defends Reeves as business criticises Budget tax rises
Retail and hospitality bosses warn UK chancellor that national insurance changes will lead to job lossesBusiness - Financial Times - October 31 -
China’s lawmakers gather to approve long-awaited fiscal stimulus
Local governments have been weighed down by trillions of dollars of debtWorld - Financial Times - November 4 -
BoE expected to cut interest rates despite looser fiscal policy
UK central bank focused on longer-term picture of slowing inflation even as Budget predicted to increase near-term demandWorld - Financial Times - November 4 -
Fiscal policy was a squabble too far for German coalition’s odd throuple
At times it felt like the three parties thought they were governing three completely different countries. Germany’s coalition government, which collapsed in dramatic fashion on Wednesday night ...World - The Guardian - 6 days ago -
Will Friedrich Merz get Germany to abandon its fiscal fetish?
Opposition leader in pole position to become chancellor will inherit controversial ‘debt brake’Business - Financial Times - 3 days ago -
UK counterterror police probe whether Russia planted parcel bomb
Package caught fire at a DHL depot in Birmingham in JulyBusiness - Financial Times - October 16 -
Biden announces $425 million security aid package for Ukraine
President Biden on Wednesday discussed U.S. support for Ukraine in its defense against Russian aggression during a call with Ukrainian President Volodymyr Zelensky and announced a new $425 million ...Politics - The Hill - October 16 -
Trump and Harris campaign donations: four key takeaways
Democratic candidate raises more than her Republican opponent in third quarterBusiness - Financial Times - October 16 -
Defence group RTX to pay $950mn to resolve US charges over Qatar bribes
Prosecutors said the company paid $30mn to a cousin of the Qatari Emir to facilitate weapons salesBusiness - Financial Times - October 16
