The justification by the US Federal Reserve for pushing up interest rates to quell wages pressure does not stack up with the evidence.
Read Here
Bill Mitchell: First signs of a slowdown in the US labour market
Geopolitics
Middle East Eye: ICJ rules Israel’s ban on Unrwa and aid blockade violate international law
The International Court of Justice says Israel has obligation to ensure and facilitate humanitarian relief to Palestinians Read Article HERE Photo: ICJ
Austerity
Amnesty International – Spain: Cruel austerity measures leave patients suffering
While corporate media is talking up the EU’s “robust recovery”, especially in Spain, on the ground things are apparently very different. Read here
Economics
Bill Mitchell: European growth positive but weak
Key Eurozone states are still lagging behind where they were before the pandemic. In some cases (Italy and Spain), they hadn’t even got back to pre-GFC levels of activity before the pandemic stuck. Read here
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