Economy

How 'modern slavery' in the Congo is powering the rechargeable battery economy

How ‘modern slavery’ in the Congo is powering the rechargeable battery economy

Smartphones, computers and electric vehicles may be symbols of the modern world, but, says Siddharth Kara, their rechargeable batteries are often powered by cobalt mined by workers working in slave-like conditions in the Democratic Republic of the Congo. Kara, a fellow at the Harvard T.H. Chan School of Public Health and at the Kennedy School, …

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First Command reports: Military families feel optimistic about the 2023 economy

First Command reports: Military families feel optimistic about the 2023 economy

Fort Worth, Texas – (working wire) — While many Americans worry about a possible economic downturn in 2023, career military families are optimistic about their financial future. November First Command Financial Conduct Index survey results revealed that 73% of career military families (commissioned officers and chief non-commissioned officers in pay grades E-5 and above with …

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Bob Nardelli: The fact-checkers took a holiday during Biden speech

Fact-checkers are targeting Biden for “false and misleading” statements about the economy

President Biden is facing opposition from fact-checkers over a recent speech he gave in Virginia on the economic progress his administration has made during his tenure in the White House. Speaking at Steamfitters Local 602 in Springfield on Thursday, Biden made several claims about the current state of the economy that have fact-checkers — from …

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Netanyahu attacks "irresponsible" warnings that judicial plans will hurt the economy

Netanyahu attacks “irresponsible” warnings that judicial plans will hurt the economy

Responding to criticism that his government’s judicial reform efforts threaten Israel’s economy, Prime Minister Benjamin Netanyahu on Wednesday called on professionals and politicians to stop “irresponsible” fear-mongering, claiming that a plan to transfer power from the courts to politicians would boost the economy. “In recent days I have heard fears about the impact of our …

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Buckle up, it can get bumpy: The resilience of the vaunted space economy will be tested in 2023 - SpaceNews

Buckle up, it can get bumpy: The resilience of the vaunted space economy will be tested in 2023 – SpaceNews

Credit: SpaceNews Midjourney illustration While the bleak economic outlook spells trouble for early-stage space companies in 2023, analysts say the industry as a whole must largely prove resilient to any downturn. Space companies are more flexible than ever in responding to changing market conditions, and governments around the world are expected to continue to subsidize …

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The United States may ride out a recession, but the rest of the world may not be so lucky

The United States may ride out a recession, but the rest of the world may not be so lucky

With optimism growing that the US economic slowdown will end in a soft landing or a mild recession, most of the world is bracing for a sharper downturn. Last year, gloom prevailed, with more than two-thirds of economists predicting a recession in the United States in 2023. But the outlook has since improved amid more …

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