Author: DailyWestern
Brussels – Slovak MEP Ľudovít Ódor (RE/PS) was elected as the rapporteur of the European Parliament (EP) for the so-called 28th EU legal regime for tax issues in Brussels at the end of last week. In a Thursday interview with TASR, he reminded that this is a pan-European framework for innovative and start-up companies, which aims to unify the rules so that companies can operate more easily in the EU single market. According to his statement, the goal of the regime, additional to the regimes of the 27 member states, is simple: to ensure fair and predictable taxes that will…
Treasury Secretary Bessent says housing is in recession because of high interest rates. Might not high policy uncertainty have some effect? First, the 30yr mortgage adjusted by expected 10yr inflation: Figure 1: Real residential investment, in bn.Ch.2017$ SAAR (black, left scale), 30 year mortgage rate adjusted by 10 yr SPF median inflation, in % (blue, right scale). 2005-2012 data is in Ch.2012$, rescaled into Ch.2017$. Q3 real residential investment is nowcast from GDPNow. NBER defined peak-to-trough recession dates shaded gray. Source: BEA, Fannie Mae via FRED, Philadelphia Fed, NBER, and author’s calculations. Now compare against Economic Policy Uncertainty (baseline): Figure…
The former Tottenham and Chelsea head coach is leading the tournament’s home nation out next summer… United States men’s national team coach Mauricio Pochettino has confessed that he misses life in the Premier League and hopes to one day return to English football. The Argentine took charge of the USMNT in September 2024, just months after parting ways with Chelsea. He is now preparing to guide the team into the 2026 World Cup, which will be hosted across the United States, Canada, and Mexico. “The Premier League is the best league in the world,” he told the BBC. “Of course…
As Californians voted Nov. 4 for a new congressional map, President Donald Trump falsely said the process was rigged. “The Unconstitutional Redistricting Vote in California is a GIANT SCAM in that the entire process, in particular the Voting itself, is RIGGED,” Trump wrote Nov. 4 on Truth Social. “All ‘Mail-In’ Ballots, where the Republicans in that State are ‘Shut Out,’ is under very serious legal and criminal review. STAY TUNED!” A reporter asked White House Press Secretary Karoline Leavitt for Trump’s evidence that the election was rigged. “It is just a fact,” Leavitt said. “They have a universal mail in…
I happened to spend most of my economist’s career within the cozy walls of European academia. Models I used learn and then teach and use in my research were beautiful and rational. According to them, intelligent and benevolent policymakers thoroughly analyse the available information in order to come up with a decision that would be beneficial for a broad society. Not that I believed in that fanatically, but classical education can bias the perception of reality. Needless to say, when I switched to work for a Ukrainian think-tank, this felt like a cold shower. OK, actual economic policymaking can be…
New Orleans Pelicans point guard Jose Alvarado applauded the front office for finding a way to acquire #13 pick Derik Queen on draft night following the rookie’s huge fourth quarter during Tuesday’s 116-112 home win vs. the Charlotte Hornets (12 points/7 rebounds/4 assists/3 steals/5-7 FG/2-3 FT/twelve minutes/+10 +/-). *part of trade that sent the Atlanta […] The post Jose Alvarado on Derik Queen vs. Hornets: “That’s why Joe and Troy did what they did” appeared first on TalkBasket.net.
Now entering its second month and with U.S. President Donald Trump exerting enormous pressure to maintain it, the Israel-Hamas cease-fire looks like it will hold. Tens of thousands of reservists have returned home to their families and jobs, the sirens warning of incoming missiles have gone silent, and the last of the hostages are back. Israel’s postwar era can now begin. A postwar accounting of this long and bloody conflict should also logically be getting underway. And with that accounting may come a change in direction, perhaps away from the illiberal policies of Israeli Prime Minister Benjamin Netanyahu or, less…
by Calculated Risk on 11/05/2025 11:36:00 AM Today, in the Calculated Risk Real Estate Newsletter: Q3 NY Fed Report: Mortgage Originations by Credit Score, Foreclosures Increase SlightlyA brief excerpt: The NY Fed released the Q3 Quarterly Report on Household Debt and Credit this morning. Here are a few charts from the report.The first graph shows mortgage originations by credit score (this includes both purchase and refinance). Look at the difference in credit scores in the recent period compared to the during the bubble years (2003 through 2006). Recently there have been almost no originations for borrowers with credit scores below…
Al-Nassr secured a 4-0 win over Goa in the AFC Champions League 2 despite resting many of their big-name stars including Cristiano Ronaldo. With qualification from Group D already seeming a formality, manager Jorge Jesus opted to rest many of his key stars, with Ronaldo – who has made recent headlines after his latest interview with Piers Morgan – not even in the squad and Sadio Mane and Joao Felix named on the bench. Instead, it was Abdulrahman Ghareeb who stepped up to become the hero, breaking the deadlock in the first half with a stunning free-kick which flew in…
More than 60 million Americans throughout the Northeast are under High Wind Alerts, as a series of fast-moving storms begin to sweep across the Great Lakes. Wind gusts of 55 mph, strong enough to take down powerlines, are possible through Thursday morning across New York, including New York City, Pennsylvania, Delaware, New Jersey and parts of New England.BUFFALO, NY – More than 60 million Americans throughout the Northeast are under High Wind Alerts, as a series of fast-moving storms begin to sweep across the Great Lakes.Wind gusts of 55 mph, strong enough to take down powerlines, are possible through Thursday morning…