Search Results for ten lost months

unemployment spain

Spain: 59,000 Fewer Unemployed in March

T.C. | The number of registered unemployed in Spain fell by 59,149 people in March (-1.5%), its largest decline in this month since 2015, according to data published on Tuesday by the Ministry of Labour. With this decline in unemployment, which puts an end to five consecutive months of increases, the total number of unemployed reached 3,949,640 at the end of March.


silicon valley

Tech Exodus: Is Silicon Valley in Trouble?

Hans-Georg Betz | At the end of last year, Elon Musk announced that he was going to leave Silicon Valley to find greener pastures in Texas. To be more precise, Austin, Texas. Austin is not only the capital of the Lone Star State. It also happens to be an oasis of liberalism in a predominantly red state. Recently, there has been a lot of talk about the “tech exodus” from Silicon Valley. Michael Lind, the influential social analyst and pundit who also happens to teach at UT, has preferred to speak of a “Texodus,” as local patriotism obligates.


brexitish

Brexit: From Brothers To Distant Cousins

CaixaBank Research (Álvaro Leandro | What consequences the agreement for the UK exit from the EU will end up having remains to be seen and will depend on how trade and foreign investment between the UK and Europe evolve, as well as London’s prevalence as an international financial hub. In Europe, the impact will be mixed across the different economies, depending on their trade and financial links with the United Kingdom.


spain2021 portada

2021: Notable But Incomplete Recovery Of The Spanish Economy

CaixaBank Research (Oriol Carreras Baquer and Javier García Arenas | We expect growth in economic activity to pick up in Q2, when the most vulnerable people should have been immunised and international travel can recover more strongly, with growth in the Spanish economy reaching around 6.0% in 2021. While the pace of recovery is high, this would still leave the economy 6.2% below the pre-crisis GDP level. In fact, we do not expect the economy to return to pre-crisis levels until 2023.  


AirBnB

Airbnb Going Public Is A Maverick Move

Olga Cam and Mohammad Rajjaque via The Conversation | The travel and tourism industry is hopeful for a much faster recovery than other market segments. There are two reasons for this: first, there is a psychological demand for travel and holidays after a very long lockdown. Second, the availability of cash. The Airbnb IPO seems to be boldly positioned right at the expected beginning of the recovery in Europe and the improving market conditions encouraged last minute share issue price. 


Biden victory

How Will Joe Biden Mansplain His Mandate?

Peter Isackson | In a New York Times article that appeared just before this week’s interminable presidential cliff-hanger of an election, Lisa Lerer pondered how things might unfold after a Biden victory. She and the rest of the US punditry thought at the time that it might be decisive enough to define the future of the nation. Lerer cites Representative Pramila Jayapal’s speculation that Biden’s triumph could inaugurate an era of spectacular reform: “A White House victory would give Mr. Biden a mandate to push for more sweeping overhauls.”


Spain fashion

Fashion Maintains Its Share Of Spain’s GDP At 2.8% In 2019; But A Substantial Impact Is Expected In 2020

Fashion is fundamental to the Spanish economy, by contributing more than 2.6% to GDP in the primary sector. This is only slightly less than the 3.6% from banking and insurance or the 5.8% from construction, according to a joint report from Modaes.es, the Centre for Information on Textiles and Clothing (Cityc) and Accenture. However, the pandemic has sparked big declines in terms of activity, employment, exports and retail sales in the first months of 2020.


Donald Trump and Joe Biden, debate

Trump And Biden Clash In Chaotic Debate – Experts React On The Court, Race And Election Integrity

The Conversation | President Donald Trump and former Vice President Joe Biden took part in a presidential debate Sept. 29 that exemplified the lack of civility in American politics. The president frequently interrupted and spoke over his challenger, Biden told Trump to “shut up,” and few issues were discussed in enough depth to provide much information to undecided voters. We asked three scholars to discuss themes brought up by moderator Chris Wallace of Fox News, who struggled throughout the debate to keep control.


Nadia proud spain

Brief Chronicle Of Spain: A Bad Summer. A Worse Autumn?

Joan Tapia (Barcelona) | The figures of the Spanish economy were terrible in the second quarter. GDP plummeted by an outrageous 18.5% compared to the previous quarter, while the GDP of the euro area, despite suffering the biggest fall since reliable statistics have been available, fell considerably less, by 11.8%. And the loss of jobs in the same period was 7.5% in Spain compared to 2.9% in Europe.


White House 1- Fed 0

Fed Monetary Policy Review – No FAIT But What We Make

David Page, Head of Macro Research at AXA Investment Managers | Federal Reserve Chair Powell delivered the first shared address to a (virtual) Jackson Hole Monetary Conference. He delivered the conclusions of the Fed’s Monetary Policy Review, a process that was started in early 2019, and was due to be announced earlier this year, before the pandemic delayed the release. The Review maintained the broad pillars of Fed policy making: a dual mandate with employment and price stability goals, with price stability defined as 2% over the long term. However, it made three changes…