#economy
When Governments Play Monopoly Without the Rules
#economy
When Governments Play Monopoly Without the Rules
Ah, the economy—where the government treats it like a game of Monopoly, but instead of actually trying to win, they just keep flipping the board and making new rules as they go. They’ll pass out "stimulus checks" like Community Chest cards, but somehow, you still can’t afford the rent on Park Place. Inflation rolls the dice and suddenly everything costs twice as much, but they assure us, "It's totally fine, just trust the process!" Meanwhile, the central bank is busy printing money like it's free parking, while everyone else wonders when the game will end—preferably without everyone going bankrupt. And when the economy goes off the rails? They just throw out a bailout like it’s a "get out of jail free" card. It’s like watching someone who’s never read the rules try to run the game, and somehow, they’re still convinced they’re winning.
Chancellor Pledges Bright Future for Scunthorpe Steelmaking After Government Intervention
- Thursday, 17 April 2025
Chancellor Rachel Reeves visited Scunthorpe and predicted a "bright future" for steelmaking in the town after an emergency law took control of British Steel from its Chinese owners Jingye. The government had stepped in to keep the blast furnaces running by placing new orders for raw materials, and Reeves emphasized the importance of virgin steel being made in the UK for economic and national security reasons. She stated that despite poor management, the government is determined to ensure a secure future for Scunthorpe's steelmaking industry, with plans to move towards electric arc furnaces and secure the town's future for many decades.
Trump Blasts Fed Chief Powell: 'Termination Cannot Come Fast Enough!'
- Wednesday, 16 April 2025
Donald Trump attacked Federal Reserve Chairman Jerome Powell on social media for not cutting interest rates, stating "termination cannot come fast enough!" He criticized Powell's decision to keep rates steady, saying it was too late and wrong. Trump claimed that the US economy is getting rich from tariffs and that Powell should have lowered interest rates earlier.
LA County Faces Financial Crisis: Sex Abuse Settlement Costs Twice as Much as Devastating Wildfires
- Tuesday, 15 April 2025
Los Angeles County is facing a financial crisis due to a sex abuse settlement that will cost $4 billion, twice as much as the $2 billion spent on damages from devastating wildfires that killed 30 people and destroyed thousands of homes. The county's budget recommendation includes massive cuts to pay for the unprecedented financial challenges, with nearly 7,000 claims of sexual abuse in juvenile facilities since 1959 being settled.
UK Ministers Prepare Covid-Style Furlough to Shield Jobs from Trump Tariffs
- Saturday, 12 April 2025
Ministers are preparing to bring back a Covid-style furlough scheme to save thousands of jobs at risk if Donald Trump’s global trade war escalates. The measures aim to shield key sectors, including the car industry, that have been hardest hit by Trump's tariffs, which are now at their highest level since the 1890s. To aid British businesses, the Government has announced a package that includes expanding financing support for exporters and small firms through UK Export Finance and the British Business Bank's Growth Guarantee Scheme.
