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CAMBRIDGE — While there are no ironclad laws of politics, two tendencies in the United States, midterm swings against the incumbent party (the “midterm blues”) and the negative electoral effects of inflation and unemployment (“political business cycles”), come pretty close. US President Joe Biden, whose approval rating has sunk for the past year, and the Democrats should not
CAMBRIDGE — While there are no ironclad laws of politics, two tendencies in the United States, midterm swings against the incumbent party (the “midterm blues”) and the negative electoral effects of inflation and unemployment (“political business cycles”), come pretty close. US President Joe Biden, whose approval rating has sunk for the past year, and the Democrats should not
Project Syndicate (PS): Last July, you wrote that economists and investors were right to be apprehensive about deficit spending, public debt, and the risk of sustained price growth, but “it would be a mistake to respond to these concerns by pumping the brakes on the economy.” US inflation has now reached its highest level in decades, and the US Federal Reserve (Fed) is taking
As the manifestos get unveiled in the coming days, Kenyans need to scrutinise them on whether they answer to the people’s needs
From the blog of Carolina Rodríguez Hernández at The Times of Israel