Italy’s new coalition government has sacrificed the populist revolt at the altar of the EU.
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Thomas Fazi: The revenge of the elites
Economics
Eurostat: Third quarter of 2022 EU current account deficit grows to €90.2 bn
In the third quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €90.2 billion (–2.3% of GDP), down from a deficit of €40.3 billion (–1.0% of […]
Climate Crisis
AP: Bitcoin-mining power plant raises ire of environmentalists
Bitcoin miners in central New York have reopened a shuttered fossil fuel power plant, drawing backlash from environmentalists. Read here
Economics
Bill Mitchell: IMF and World Bank at odds with each other over interest rate hikes
The inflationary surge is not a demand event and will not be resolved by further cutting nominal incomes. Read Here
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