The New Democrats’ campaign-style pledge this spring promised to cancel up to $20,000 in tuition, freeze loan payments through July 2022 and scrap interest payments, among other measures
Money supply poses global inflation risks By Adam Slater | China Daily | Updated: 2021-05-17 08:16 A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province, on Aug 28, 2019. [Photo/Sipa]
In recent weeks, markets have become more nervous about inflation risks, with long-term inflation fears rising, spilling over into high government bond yields. One reason for the nervousness is strong monetary growth in the advanced economies. Six-month broad money supply growth has eased from its 2020 highs but remains elevated at around 10 percent (annualized) in the United States, the eurozone, and the United Kingdom.
Last September, we argued that the global monetary boom was no cause for panic, because there were several reasons for thinking strong money growth would not translate into high inflation.
France pledges billion euro loan to Sudan’s transitional government
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17/05/2021 - 19:19 File photo of Sudan s Abdalla Hamdok (l) and French President Emmanuel Macron (r) REUTERS/Philippe Wojazer 3 min Sudan will be one step closer to paying off its foreign debt on Monday, after French President Emmanuel Macron promised a loan of 1.2 billion euros. He praised the country as an inspiration in its transition after 30 years of authoritarian rule. Advertising Read more For the first time in the entire region, it put an end to a regime using the weapon of political Islam to cover up its mistakes and to divide its people, said Macron, who hosted a special summit in Paris on Monday as a way to welcome Sudan back into the international system.