@ISIDEWITHQuestionseconomy11yrs ago

Should the government use economic stimulus to aid the country during times of recession?

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Answer Overview

Response rates from 5.9k Left voters.

92%
Yes
8%
No
83%
Yes
7%
No
3%
Yes, but in the form of assisting sectors most heavily hit by the recession
1%
No, and the government should drastically reduce spending during recessions
2%
Yes, the government should intervene to boost a recovery
0%
No, recession is a natural cycle that purges excess
1%
Yes, but in the form of tax breaks for all citizens
1%
Yes, but in the form of tax breaks for low income citizens
1%
Yes, but in the form of increased spending on infrastructure
0%
Yes, and collectivize all industry

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  @lemans3427 from California submitted…9mos9MO

Commercial Real Estate Crisis Threatens Global Economy

Recent global events have sparked fears of a commercial real estate crisis in Europe, mirroring situations in Japan and the US. Notably, Deutsche Pfandbriefbank AG faces significant downturns due to the real estate market's weakness.The past week has witnessed significant downturns in the stock values of several banks worldwide, particularly those with substantial exposure to commercial property loans. Mirroring unsettling developments in Japan and the United States, Europe is now facing the prospect of an emerging commercial real estate crisis. Some senior officials at the European Central Bank say Germany will inevitably be a special focus as they examine CRE risks at banks across the region.“There is more pain to come in real estate valuations, so what does that mean for lenders and does that mean there is the potential for a crisis?”German banks have the most commercial real estate loans in the European Union, along with their French peers, but they have classified a relatively small portion of those loans as non-performing. Recently, however, that share has been rising while it declined in several other countries.“This is definitely not just a US problem,” said Valeriya Dinger, a professor of economics at Germany’s University of Osnabrueck. “I wouldn’t be surprised if we see a wave of loan loss provisions for German banks on their domestic commercial real estate exposure,” she said, even if there’s no systemic risk.German property values are particularly vulnerable to higher borrowing costs because capitalization rates — or the potential return on a real estate investment — were pushed lower there than in other markets during the cheap money era. That reflected in part the fact that yields on German government bonds, a benchmark for investors, were negative at the time.

 @ISIDEWITH submitted…9mos9MO

China Creates A Global Economic Shock

The first China shock came after a series of liberalizing reforms in China in the 1990s and its accession to the World Trade Organization in 2001. For U.S. consumers, this brought considerable benefits. One 2019 paper found that consumer prices in the U.S. for goods fell 2% for every extra percentage point of market share grabbed by Chinese imports, with the biggest benefits felt by people on low and middle incomes. But the China shock also piled pressure on domestic manufacturers. In 2016, Autor and other economists estimated that the U.S. lost more than two million jobs between 1999 and 2011 as a result of Chinese imports, as makers of furniture, toys and clothes buckled under the competition and workers in hollowed-out communities struggled to find new roles. A sequel of sorts appears to be under way. China’s economy expanded 5.2% last year, a subdued rate by its standards, and is expected to slow further as a drawn-out real-estate crunch crushes investment and consumers rein in spending. Capital Economics, a consulting firm, thinks annual growth will slow to around 2% by 2030. Beijing is seeking to engineer an economic turnaround by plowing money into factories, especially for semiconductors, aerospace, cars and renewable-energy equipment, and selling the resulting surplus abroad. Protectionism might shift some of the deflationary impact to other parts of the world, as Chinese exporters look for new markets in poorer countries. Those economies could see their own fledgling industries shrivel in the teeth of Chinese competition, much as the U.S. did in an earlier era.

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 @ISIDEWITH submitted…1 day1D

Starmer Throws Netanyahu Under the ICC Bus: UK Backs Arrest Warrant for Israeli PM

Sir Keir Starmer has backed the International Criminal Court (ICC) after it issued an arrest warrant for Benjamin Netanyahu, the Israeli prime minister.When asked about the issue, Sir Keir’s official spokesman said the Government respected the independence of the court.He declined to say whether Mr Netanyahu would be arrested if he arrived in the UK.The spokesman said: “We respect the independence of the ICC, which is the primary institutional institution for investigating and prosecuting the most serious crimes in relation to international law.“This Government has been clear that Israel has a right to defend itself in accordance with international law. There is no moral equivalence between Israel, a democracy and Hamas and Lebanese Hezbollah, which are terror groups.“We remain focused on pushing for an immediate ceasefire to bring an end to the devastating violence in Gaza.”Under the Conservatives, the British government had told the court it intended to challenge the plans for the arrest warrants.However, weeks after coming to power, Sir Keir’s government reversed that position and said it would not object.Downing Street also declined to say whether Mr Netanyahu would be welcome to visit Britain in the future.Sir Keir’s spokesman said: “We never comment on future international visits but my position on the Prime Minister’s support for Israel in terms of its right to defend itself in accordance with international law is very clear.”The spokesman repeatedly declined to “go into hypotheticals” about whether Mr Netanyahu would be arrested if he arrived in the UK.He added: “It’s not up to the Prime Minister to determine other world leaders’ travel schedules. He engages and will continue to engage with the prime minister of Israel in support of Israel’s right to defend itself.”Pressed on what he meant by his comments about the court, the spokesman said: “It means that we respect the independence of the ICC. We respect the fact that the ICC is the primary international institution for investigating and prosecuting the most serious crimes of international concern.”The spokesman went on to say the Government’s “focus” remained an end to the violence in the Middle East, which has been ongoing for more than a year after the Oct 7 terror attacks by Hamas.

▲  148 replies

 @ISIDEWITH submitted…23hrs23H

Donald Trump nominates Pam Bondi as the next Attorney General

Former President and 2024 Republican presidential candidate Donald Trump has announced his intention to nominate former Florida Attorney General Pam Bondi as the next Attorney General of the United States, should he reclaim the presidency in the upcoming election.Bondi, a prominent figure in Republican politics, served as Florida's Attorney General from 2011 to 2019. She gained national attention for her legal battles on issues such as health care reform, consumer protection, and opioid abuse litigation. Known for her steadfast support of Trump during his presidency, Bondi also served as a key adviser during his first impeachment trial, where she defended his administration against accusations of abuse of power.In a statement released by his campaign, Trump praised Bondi’s “unwavering commitment to justice” and her “track record of standing up for everyday Americans against the abuses of Washington’s elites.”“Pam Bondi has been a fearless advocate for the people, and she embodies the principles of fairness, accountability, and the rule of law that are sorely needed to restore trust in our justice system,” Trump said. “She is the right person to lead the Department of Justice into a new era of integrity and excellence.”While Bondi’s nomination has been met with applause from conservative circles, it has also reignited criticism from Democrats and ethics watchdogs. Her acceptance of a $25,000 donation from the Trump Foundation in 2013, which coincided with her decision not to pursue an investigation into Trump University, has drawn scrutiny in the past and resurfaced following the announcement.Democratic leaders have already voiced opposition, questioning Bondi’s ability to lead the Department of Justice independently. Senator Amy Klobuchar (D-MN) called the nomination “a political power play” and urged a focus on “restoring integrity, not entrenching partisanship.”

▲  2316 replies

Active 33mins ago

 @ISIDEWITH submitted…8hrs8H

ICC Arrest Warrants Push Israel Into Unprecedented Global Backlash

Arrest warrants issued for Israel’s Prime Minister Benjamin Netanyahu and former defense minister over alleged war crimes threaten to deepen the global isolation of a country already under pressure around the world for its handling of the war in the Gaza Strip.Israeli officials are concerned the warrants and the still-secret details of the charges could imperil Israeli government and military officials who travel abroad and could be detained for alleged war crimes.The move by the International Criminal Court will complicate travel by Netanyahu and former Defense Minister Yoav Gallant, who would risk arrest in any of the court’s 124 member countries, which technically are obliged to enforce the arrest warrants.The warrants will lead some governments to scale down contacts with Netanyahu and other Israeli officials, according to legal experts and officials familiar with the situation. They could also spur efforts to bring new war-crimes cases against lower-ranking Israeli and Hamas officials in national courts in Europe and elsewhere. More subtly, they could also encourage an ad-hoc pattern of shunning Israeli academics, defense companies and officials that has taken root in countries and institutions angry at the toll of the war in Gaza.The ICC warrants are likely to have the greatest effect on Israel’s relations with countries in Europe, which have been broadly supportive of Israel since Hamas’s Oct. 7 attack and the resulting war. All 27 members of the European Union, along with the U.K., are parties to the Rome Statute, the international treaty that created the court.European countries have been split in their reactions to the decision. Some, such as the Netherlands, say plainly they would enforce the arrest warrants. Hungary, led by right-wing Prime Minister Viktor Orbán, invited Netanyahu to visit on Friday in defiance of the ICC’s decision. Germany, caught between its support for the court and its history of the Holocaust, said it would carefully examine any steps it takes should Netanyahu or Gallant decide to visit.“Almost all of them would arrest Netanyahu if he were to visit, which means it’s pretty guaranteed that he won’t,” said Anthony Dworkin, a senior policy fellow at the European Council on Foreign Relations. “I’d be quite surprised even if he goes to Hungary.”

▲  178 replies