An architect of the ‘printing money’ fix turns into a QE critic
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July 22, 2021 12.38pm
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When quantitative easing was embarked on by the US, UK and Europe in response to the 2008 financial crisis it was generally described as “unconventional” monetary policy.
It’s now baked into the policy settings of most developed economies, which makes tough questioning of the policy by a panel that includes the man who launched it in the UK a challenge to central bankers who appear to see QE - effectively printing more money to use to buy government bonds - as the panacea for all financial and economic threats.
BHP looks to Elon Musk to enhance it s environmental credentials
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
BHP looks to Elon Musk to enhance its environmental credentials
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
Footwear retailer Accent stands down staff after running out of excess JobKeeper
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The chief executive of national footwear retailer Accent Group has said he had no choice but to cut hours and stand down staff after running out of the $10 million in excess JobKeeper funds set aside to support staff during future lockdowns.
Accent Group, which operates brands such as Platypus, Hype, and Skechers, told its full-time employees yesterday they would be either stood down without pay or put on 15 hours per week to fulfil online orders until lockdowns in Sydney, Melbourne and Adelaide ended.