Fortune (August 2)
“Recent college graduates face one of the toughest job markets in years.” Some have attributed this to AI and automation, but others like Berkeley economist Brad DeLong believe “larger forces are at work.” He believes “the challenges confronting young job-seekers today are primarily driven by widespread policy uncertainty and a sluggish economy.” Basically, these unlucky “new entrants to the job market are bearing the brunt of the retreat to risk aversion.”
Tags: AI, Automation, Berkeley, Challenges, College graduates, DeLong, Economist, Job markets, Job seekers, Policy uncertainty, Sluggish economy, Toughest
Forbes (July 29)
“As central bank decisions go, the one Bank of Japan Governor Kazuo Ueda will make this week may be the toughest in modern history.” He is faced with deciding “whether to break with 25 years of zero interest rates and 23 years of quantitative easing by putting a notable rate hike on the scoreboard…. Making matters worse, smart economists can make nuanced abstractions compelling arguments for taking any of the three doors sitting before him.”
Tags: 25 years, BOJ, Central bank, Decisions, Economists, Quantitative easing, Rate hike, Toughest, Ueda, Zero interest
The Guardian (September 12)
“New Zealand, which once eliminated the virus through the toughest pandemic rules in the world, has made relaxations similar to Australian or European conditions. Mask-wearing will no longer be mandatory in public places, and the last vaccine mandates will be ditched in two weeks.” Tests for inbound travelers “on arrival in New Zealand are no longer required but encouraged.”
Tags: Australia, Encouraged, Europe, Inbound travelers, Mask-wearing, New Zealand, Pandemic rules, Public places, Relaxations, Tests, Toughest, Vaccine mandates, Virus
