World leaders have failed to set a firm date for achieving carbon neutrality or for phasing out coal. Activists had hoped for a stronger signal from the G-20 ahead of the UN’s climate change conference, COP26.
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Economics
Bill Mitchell: US labour market recovery leaves considerable slack and rising long-term unemployment
The US labour market is still 6,76 thousand jobs short from where it was at the end of February 2020, which helps to explain why there are no fundamental wage pressures emerging. Read here
Austerity
Bill Mitchell: ECB confirms monetary policy has run its course – Part 1
“Despite rather significant monetary policy gymnastics, aimed at stimulating economic growth and lifting inflation rates, central bankers have largely failed. They have failed because they are wedded to mainstream theory. Fiscal policy makers are constrained […]
Austerity
Fintan O’Toole: Has Ireland had a lost decade?
Did Ireland learn anything from its dramatic financial crash 10 years ago? Not much concludes Fintan O’Toole. Read here
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