“[W]e have to stop talking about how electric cars will save us; it takes too much stuff to make them all… We have to look… at making it easier for people to use… bikes, transit and feet.”
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Economics
CNBC: China holdings of U.S. debt fall below $1 trillion for the first time since 2010
China’s portfolio of government debt in May dropped to $980.8 billion, according to Treasury Department data released Monday. It marked the first time since May 2010 that China’s holdings fell below the $1 trillion mark. […]
Economics
Bill Mitchell: RBA rejects theory that interest rate rises cure Covid and make trucks go faster
“There was an important speech delivered by the Governor of Australia’s central bank today that reveals the reasons that the RBA is once again refusing to be bullied into increasing interest rates rises by the […]
Finance
France 24: France wants Swiss bank UBS fined 1.6 billion euros for tax fraud
France on Wednesday urged a Paris court to fine the Swiss bank UBS 1.6 billion euros ($1.8 billion) for allegedly helping clients commit tax fraud. Read here
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