The world’s central banks are again trying to strike major blows in their fights against inflation, with policymakers in Canada, the U.S., Europe and Australia all lifting rates in recent days – or preparing to. Thus far, repeated rate hikes of one-half or even three-quarters of a percentage point have had done little to slow the soaring price of consumer goods in their economies.
As a result of this persistently high inflation, the issue has become the most important one on American voters’ minds as they head to the polls for the midterm elections next week. It’s one of the main factors explaining Republicans’ rise in the polls as Election Day draws closer.
There’s only one problem: No matter whom voters choose, inflation in the U.S. will likely stay high for some to come, writes William Chittenden, an associate professor of finance at Texas State University. Why? For the same reason centrals banks have been having so much difficulty taming inflation.
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William Chittenden, Texas State University
Many voters say inflation is the issue that matters to them most as they head to the polls. The problem is, the people they choose can’t do much about it.
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Finance
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David Blake, City, University of London
New research suggests financial regulators will never win.
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Business
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Brad Poulos, Toronto Metropolitan University
A third platform for ordering cannabis in Ontario provides little to no benefit to consumers or retailers.
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Charles Livingstone, Monash University
The NSW Crime Commission says cashless gambling cards are needed to stop billions of dollars of ‘dirty money’ being funnelled through NSW pokie venues,
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Technology
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Christopher Dancy, Penn State
Many AI algorithms, like facial recognition software, have been shown to be discriminatory to people of color, especially those who are Black.
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Energy
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Soyoung Oh, Tufts University
Many small island nations are struggling to protect their land from rising seas while also facing paralyzing debt.
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