The geography of employment in the US is being shaped by two distinct trends. The first is low levels of housing churn and, therefore, interstate migration, a normal part of the business cycle that should eventually turn around. More consequential are signs that artificial intelligence is beginning to suppress hiring in some of the most … Read more
When Congress voted to normalize trade relations with China at the beginning of this century, U.S. manufacturers braced for a stream of cheap goods to begin flowing into U.S. ports. Instead, they got a flood. Imports from China nearly tripled from 1999 to 2005, and American factories, with their higher wages and stricter safety standards, … Read more
Congress MLA P.C. Vishnunadh chides the Kerala government for splurging on Navakerala Sadas, Keraleeyam, and Lok Kerala Sabha while allowing government vacancies to languish, citing financial constraints. | Photo Credit: S. GOPAKUMAR The ruling front and the Opposition clashed in the Kerala Legislative Assembly on Thursday (October 10, 2024) over the Union Ministry of Statistics … Read more
Gold softened on Friday as the dollar and Treasury yields firmed after U.S. inflation data matched expectations, but the bullion is set for weekly and monthly gains as a September interest rate cut by the U.S. Federal Reserve remains in play. Spot gold was down 0.2% at $2,515.99 per ounce, as of 9:52 a.m. ET … Read more
While Nifty’s nearly 4% fall from its peak over the last couple of sessions rests on imported factors, its Asian peer Nikkei 225 has plunged by 26% and entered a bear market on setback to its yen carry trade, following Bank of Japan’s decision to hike policy rate by 25 bps. Japan’s Nikkei has been … Read more
India has set eyes to become the third largest economy by 2030 while its Viksit Bharat vision is to make the country a developed nation by 2047. However, unemployment continues to be a major headache for the country even as it grew 8.2 per cent in FY24 and has managed to grow at an average … Read more
The performance of America’s economy over the past two years has been remarkable, especially given the dire predictions of many observers. Remember the economists who forecast a recession in 2023? Remember all those warnings that getting inflation down would require years of high unemployment? Instead, our economic growth has been the envy of other wealthy … Read more
For the upcoming Lok Sabha elections of 2024, Narendra Modi and the Bharatiya Janata Party (BJP) have strategically crafted their narrative around four key pillars: the poor, the youth, women, and farmers, referring to them as the ‘chaar jatiyan‘ (four castes). This rhetoric is a departure from traditional caste politics in India, emphasising development and … Read more
Ahmedabad: The charisma of Prime Minister Narendra Modi is among the key factors most likely to influence voters in the ensuing Lok Sabha elections in Gujarat, according to political observers. Lok Sabha polls in Gujarat will be held in a single phase on May 7. Counting of votes will be held on June 4. Anti-incumbency, … Read more
AIMIM leader Asaduddin Owaisi during the job fair organised by the party in the Yakutpura Assembly constituency, Hyderabad, Telangana on January 27, 2024. Photo: X(formerly Twitter)/@aimim_national The All India Majlis-e-Ittehadul Muslimeen (AIMIM) continued to reach out to unemployed youth ahead of 2024 Lok Sabha elections by organising a job mela in the Yakutpura Assembly constituency, … Read more