TAMING INFLATION WHILE BEATING THE ECONOMY RESULT IN BANKING CRISIS , PREDICTION OF A SEVERE RECESSION IN 2023

"Around this time last year, Nouriel Roubini, the famed economist who has earned the sobriquet Dr. Doom on Wall Street for his gloomy outlook on markets, warned that it would be “mission impossible” for the U.S. to avoid a severe recession in 2023."

"The comments mark a big shift in tone from Roubini, who in July 2022 said that his peers predicting a short and shallow recession at the time were “totally delusional.” But a lot has changed since last July. Fed Chair Jerome Powell has managed to cool inflation to from its 9.1% pandemic-era high to just 3.7%, all while maintaining U.S. GDP growth; supply chains, which were thrown into chaos during the pandemic, have mostly healed; and despite a short-lived regional banking crisis in March, the S&P 500 is up over 16% year to date."

SOURCE:

https://fortune.com/2023/09/18/dr-doom-nouriel-roubini-short-shallow-recession-soft-landing/

Comments

Tom Segev at 80: Why One of Israel’s Leading Historians Now Calls Zionism a Mistake. Haaretz. Analysis and Summary. Haaretz

Tom Segev. Looking Back, Israeli Historian Tom Segev Thinks Zionism Was a Mistake April 4, 2025 — By Ofer Aderet (Analysis and Summary) Haaretz Israeli historian Tom Segev , long known for his critical lens on the history of Israel and Zionism , has made perhaps his boldest statement yet. At the age of 80, Segev reflects on his personal journey and the historical myths that shaped both his family narrative and the nation’s identity. His revelations , detailed in an in-depth Haaretz article, offer not just a personal reckoning but a broader challenge to Zionism’s moral and historical foundation . Key Themes and Analysis 1. Personal Revelation and Historical Reckoning Segev opens his reflection by confronting a deeply personal myth : the circumstances of his father’s death during the 1948 Arab-Israeli War. For decades, he believed the official narrative that his father, Heinz Schwerin, was killed heroically...

Columbia President ( Katrina Armstrong) Is Replaced as Trump Threatens University’s Funding. Key Points. NYTimes

Key Points & Further Details on Columbia University Leadership Change 1. Presidential Change at Columbia University Katrina Armstrong stepped down as interim president of Columbia University. Claire Shipman , a journalist and Columbia alumna, was named acting president . Armstrong’s departure marks Columbia’s third leadership change since August 2024. 2. Trigger for Leadership Change The Trump administration threatened to withhold $400 million in federal funding from Columbia. This funding is roughly 20% of the university’s operating revenue . The university ultimately complied with government demands , causing internal and external backlash . 3. Government Demands & Columbia’s Compliance Columbia agreed to: Employ 36 campus safety officers with arrest powers . Adopt a formal definition of antisemitism . Review admissions policies . Increase oversight of its Middle Eastern, South Asian, and African Studies Department . These changes sparked faculty and...

Detour of Diplomacy: Netanyahu’s 400 km Flight Route to Dodge ICC Arrest.

Netanyahu’s Altered Flight Route to Washington: Avoiding ICC Arrest Warrant Risks The skies are no longer a safe passage for Israeli Prime Minister Benjamin Netanyahu . Following the issuance of an ICC arrest warrant for alleged war crimes in Gaza , Netanyahu was forced to take a dramatically altered flight route to Washington, extending his journey by over 400 km to avoid the airspace of countries that could enforce the warrant . Drawing from reports by Haaretz and other trusted sources, this post unpacks the details of Netanyahu’s detour , the geopolitical implications , and how the ICC’s legal shadow is reshaping global diplomacy. Detailed overview of Israeli Prime Minister Benjamin Netanyahu’s altered flight route to Washington to evade risks of arrest under the ICC warrant, as reported by Haaretz and other corroborating sources: 1. Flight Detour to Avoid ICC Enforcement Countries Netanyahu’s official plane, the Wing of Zion , took an unusual 400 km longer route to ...

Marianne Hirsch: The Erosion of Academic Freedom and the Authoritarian Threat to American Universities.

Marianne Hirsch on Free Speech, Authoritarian Tactics, and the Crisis in American Universities Marianne Hirsch , a renowned scholar of comparative literature and gender studies at Columbia University , is widely respected for her work on cultural memory, trauma , and post-memory (the relationship of second-generation survivors to historical trauma). As a leading academic voice , she has long defended the role of the university as a place of intellectual freedom and ethical responsibility. Now, in light of recent crackdowns on campus activism and freedom of expression , Hirsch raises urgent concerns about the future of academic institutions in the United States . Marianne Hirsch. 1. Suppressing Speech: A Classic Authoritarian Tactic Across history, authoritarian regimes have attacked universities and stifled free expression. Examples include: Nazi Germany Latin American dictatorships Current regimes in Russia, Hungary, and ...

$220M RETENTION AWARDS TO STAFF BY CREDIT SUISSE WHILE $2.2B LOSS DURING 3RD QUARTER.

" The Swiss bank said in a financial report released on 29 September that during the first six months of 2023 , it had paid a total of $220m in retention awards and to staff working on acquisition-related activities. The bank also warned that it expected a $2.2bn loss during the third quarter including $1.6bn in loan losses from assets placed in the combined group's so-called bad bank. Credit Suisse made selective retention awards to key staff in a bid to stop them leaving after UBS's $3.25bn acquisition was pushed through in March, people familiar with the matter told Financial News previously. Many of these were for senior dealmakers within its investment bank, they said" The Swiss bank was losing 200 employees every week after the shotgun marriage, and around 8,000 staff departed during the first half of 2023 " SOURCE: https://www.fnlondon.com/articles/credit-suisse-shells-out-220m-to-retain-key-staff-during-ubs-takeover-20230929

Ainnbeen

Search This Blog