Employment rate plummets amid sterling rate drop – this is not coincidental
Changed financial conditions are having an impact in Britain and the United States, writes JULIAN VIGO
The welcome news that Cuba has finally been removed from the State Sponsors of Terrorism list is tempered by the fact that Donald Trump, the man who put it there, is returning to the White House, warns NATASHA HICKMAN
Thanks to impressive progress in Britain with wind and solar generation, clean electricity now costs a fraction of the price of gas — yet the current system keeps bills artificially high to protect fossil fuels, writes TOM HARDY
By spreading race-based conspiracy theories, the billionaire tycoon turned right-wing provocateur has been seriously undermining the case against those who really did let victims of the grooming gangs down, writes SOLOMON HUGHES
Many Western countries are grappling with deep political instability. What are the causes of this, and what could be a possible way forward? asks MARC VANDEPITTE
KEITH BENNETT explains why, despite its present meagre economic outcomes, an honest and fruitful partnership with China is worth pursuing
Nick Wright talks to photographer and author JANINA STRUK
EARLIER this month, the euro-US dollar (EUR/USD) exchange rate fell about the same time that sterling fell after the Bank of England raised its main interest rate by 0.75 percentage points to 3 per cent. This brought borrowing costs to the highest level since 2008.
The exchange rate shift has also resulted in a slowdown in employment growth.
This is a direct result of the US Federal Reserve tightening its policy earlier this year around longer-term interest rates that have moved significantly higher, where stock prices have declined sharply and the dollar has increased in value.
More from this author
As independent media exposes Establishment media lies about Israel’s genocide in Gaza, claims of anti-semitism are being exposed as a tactic to silence critics, argues JULIAN VIGO
The continued hawkishness of Biden’s party is putting it increasingly at odds with its own natural constituency, argues JULIAN VIGO
The ‘Twitter files’ demonstrate McCarthyism v 2.0, argues JULIAN VIGO
JULIAN VIGO looks at how the Democrats became the war hawk party
Similar stories
WILL PODMORE is intrigued by an analysis of capital that emphasises the deadening impact of financialisation on the US and UK economies
ZARAH PATTISON explains how invasive plants like Himalayan balsam and rhododendron are playing havoc with ecosystems where they are introduced
Despite pledges from the late president that absolute poverty would be eradicated by 2022, the reality is that Iran’s commitment to neoliberalism has seen working people plunged ever-deeper into misery, says JAMSHID AHMADI
How is this much-loved migratory bird species faring as rising temperatures change when seasons arrive, asks ALEXANDER C LEES