A 2-minute reading from this article and Econlife Blog. Excerpt:
"...The Boomers, having consumed food and alcohol in their youth, as the Gen Z group is now doing, are spending more on health care. That other category hides a lot of discretionary spending. The millennials trying to settle down are spending more on housing as their families expand..."
Source: Internet/NY Times
The article in TIME suggest the following reasons why the cost of food are rising, particularly in the United States:
1. Chicken and eggs - avian bird flu epidemic in the United States and price gouging.
2. Butter and margarine - extreme heat and smaller cow herds; supply chain issue due to Ukraine and Russian war ; higher energy and fertiliser costs.
4. Vegetables and fresh fruit - dry weather conditions and insect-born virus have damaged crops.
An excerpt from a recent article in IMF Blog:
"A rapidly changing economic backdrop leaves less maneuvering room for policy, while structural forces—from deglobalization to climate change, aging populations, and the advent of digital money—have greatly complicated the underlying policy challenge. Central bank mandates and even their independence are under increasing political pressure. These new forces and others raise questions about how monetary policy may have to change going forward."
Due to the rising global inflation, monetary and fiscal authorities have to work together to bring inflation down, but never at the cost of their independence.
Image credit: New Year’s Inflation – By Christopher Weyant
This article summarises 10 low-code or no-code AI we should know (3-min reading). The power of AI to the masses.
Image from WSJ - Critics says AI Tech enables industrial-scale Intellectual Property Theft
According to the recent IMF article here, "...globalization plateaued in the decade and a half since the global financial crisis. This latest era is often referred to as “slowbalization...”
The five main periods of globalization are:
1. Industrialisation
2. Wars, Protectionism
3. Fixed Exchange Rates
4. Liberalization
5. 'Slowbalization'
Image credit: YaleGlobalOnline
An article written by Prof. Dr Obiyathulla Ismath Bacha on how sukuk can be one of the instruments to save the world drowning in debt post Covid-19.
Image credit: The Conversation
High poverty and rising food insecurity are the two factors contribution to social strain, according to this article. To secure growth stability, policies might focus on:
1. Bring down inflation.
2. Emphasize on social spending and public institution credibility.
3. Improve safety nets and social assistance.
4. Do not set aside other policy changes. (eg. productivity, investment & job creation etc.)
Source: IMF Blog
I was looking for water filters due to the recent situation. Come across the following Zen Garden Oasis youtube (21 min). It is super helpfu...
