Crises

Simultaneous rate hikes could lead to a 'chain of financial crises', World Bank warns

Simultaneous rate hikes could lead to a ‘chain of financial crises’, World Bank warns

(Kitco News) The global fight against inflation in the form of aggressive and simultaneous rate hikes by central banks increases the risk of a recession and a series of financial crises in 2023, the World Bank said in a statement. report. The global trend of outsized interest rate hikes by many central banks poses a …

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Labor Shortages Are Fueling America's Biggest Labor Crises

Labor Shortages Are Fueling America’s Biggest Labor Crises

Exhausted workers in education, health and rail industry retreat after months of staff shortages September 16, 2022 at 4:34 p.m. EDT Striking nurses demonstrate for better working conditions on public sidewalks outside Riverside Hospital September 13 in Minneapolis. (Annabelle Marcovici for the Washington Post) The U.S. economy ground to a halt hours after the shutdown …

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