Author: DailyWestern

That’s the title of my keynote talk at the 27th INFER conference (Rome)an excellent exchange of ideas and comments on economics. i My presentation was based on two papers (2024and more heavily on 2025) with Jeffrey Frankel and Hiro Ito. The slides are here. The main conclusions. Gold and Currency holdings should be considered together The asset shares in aggregate holdings differ from the median central bank holdings The usual variables (exchange rate volatility) matter The sensitivity of dollar, gold holdings differ from those of other currencies Financial sanctions have an impact on asset holdings The Section…

Chelsea have been charged with 74 breaches of Football Association rules relating to payments to agents between 2009 and 2022. The charges primarily centre around events that took place between the 2010-11 and 2015-16 seasons, when Roman Abramovich was the club’s owner, and concern agents, intermediaries and third-party investments in players. Abramovich owned Chelsea from 2003 to 2022, when the club was sold to a consortium fronted by Todd Boehly and Clearlake Capital. Chelsea have until September 19 to respond to the charges. A statement from the FA read: “The Football Association has today charged Chelsea FC with breaches of…

Dallas Mavericks owner Mark Cuban addressed his diminishing control over basketball operations during a panel at the All-In Summit in Los Angeles. He claimed that internal conflicts with general manager Nico Harrison limited his influence on key team decisions. “There were some things that happened internally where the person who traded Luka didn’t want me […] The post Mark Cuban admits losing influence over Mavericks decisions after Luka Doncic trade appeared first on TalkBasket.net.

The National Hurricane Center has flagged an area to watch for possible tropical development over the next week. FOX Weather Meteorologists Britta Merwin and Craig Herrera break down the forecast on Sept. 11, 2025.MIAMI – After a lull in tropical activity as we approached the statistical peak of the 2025 Atlantic hurricane season, forecasters are now monitoring a new area to watch for possible development over the next week.History shows us that Sept. 10 is typically the day when there’s the best chance of having active tropical systems in the Atlantic Ocean.HOW TO WATCH FOX WEATHERThis graphic shows information on…

by AI | 10.Sep 2025 | Europe in brief AI The leader of the main French far-right party and the Patriots for Europe group in the European Parliament announced the filing of a motion of censure against the President of the Commission, Ursula von der Leyen. Jordan Bardella, president of the National Rally (RN) and Member of the European Parliament, speaks at an information meeting of the Patriots for Europe group at the European Parliament in Strasbourg, in eastern France, on July 8, 2025 (Photo: Jean-Christophe VERHAEGEN / AFP) European Parliament (Strasbourg, France) – Jordan Bardella, leader of the French…

by Calculated Risk on 9/10/2025 08:11:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for initial claims to increase to 240 thousand from 237 thousand last week.• Also at 8:30 AM, The Consumer Price Index for August from the BLS. The consensus is for a 0.3% increase in CPI, and a 0.3% increase in core CPI.  The consensus is for CPI to be up 2.9% year-over-year (up from 2.7% in July) and core CPI to be up 3.1% YoY…

World Cup – Qualification Europe6:45 PMSeptember 9, 2025Group Stage – 6Princes parkReferee: Antonio Nobre, Portugal Copy and paste this HTML code into your webpage to embed. France World Class 0 Solid 0 Bang Average 0 Lucky 0 Shocking 0 Iceland World Class 0 Solid 0 Bang Average 0 Lucky 0 Shocking 0 Turn off spoiler to view match statistics0.00Expected goals (xG)0.00Passing560 (90%)Accurate passes290 (81%) Turn off spoiler to view match events Coach Didier Claude Deschamps 1 G Elías Ólafsson 7.9 23 D Mikael ortsson 6.2 3 D Daniel Grétarsson 6.7 5 D Sverrir Ingi Ingason 7.2 4 D Victor Palsson…

Tarris Bouie announced his commitment to Alabama on Wednesday. Bouie is currently ranked as the No. 33 player in ESPN’s 100 for the 2026 class. “Coach [Nate] Oats recruited me hard, and I really like their style of play,” Bouie told ESPN. “Over the summer I remember him being at almost every one of my games. I really like their style of play, it fits me. That was big for me. They play fast, and in the open court they shoot 3s and attack the basket.” Bouie is now the second top-50 recruit who committed to Alabama this week following…

An Omega Block resembles the Greek letter Ω (Omega). It forms when the jet stream dips over the East and West Coasts while a ridge builds over the Central Plains. This setup allows storms to track along the jet stream, bringing unsettled weather to both coasts. Temperatures in the central part of the country are expected to rebound quickly, climbing into the 80s and 90s by Thursday. Cooler and wetter conditions will finally return to the Pacific Northwest which is experiencing one of its top-10 warmest and driest summers.NEW YORK – After a couple of weeks under a stagnant weather…

President Donald Trump has made his wind power aversion well known. On at least five separate occasions recently, he called windmills ugly, expensive and altogether useless. His Transportation Department canceled $679 million in federal funding that would have benefited offshore wind projects, and his Interior Department ordered work to stop on a major wind project off Rhode Island that was nearly finished. The U.S. Energy Department chimed in with a Sept. 5 post on X. “Wind and solar energy infrastructure is essentially worthless when it is dark outside, and when the wind is not blowing,” the post said. The following…