U.S. Trade Gap Ballooned in July
The trade deficit bounced back up last month as spending on data centers to feed the A.I. boom drove up imports.
Schools Giving Aid to Minority Students Could Lose Tax Exemptions Under Trump’s New Rules
The Treasury Department released rules that would prevent schools with race-based programs from qualifying for tax-exempt status, a threat to both higher education and other private schools.
FEDS Paper: The Flight to Affordability: Effects of Pandemic Rent Increases on Renters By Geography
Erin Troland, Isabella Agnes, Jessica Liu, Fatimah Shalaan, Michelle Tran, and Douglas WebberIn the pandemic era, people moved from high-density, expensive areas to more affordable areas, putting upward pressure on local housing prices. We examine the geographic distribution of rent growth during this time and its effects on renters.
How AI could make us work even harder
TechAnimationStock/ShutterstockTechnological progress has taken more than its fair share of the workload from humans over the years. Washing machines clean our clothes, tractors plough the fields and computers sort out the admin.
Shoppers are less peeved by cost hikes due to scarcity – but retailers more often blame their own rising costs
Inflation-strapped shoppers are becoming ever more skeptical about companies' justfications for price hikes. Pars Sahin on Unsplash, CC BYOver the past few years, consumers have been hit with a steady stream of price hikes on everything from groceries to streaming subscriptions.
Tsipras sets out ELAS economic programme as government and PASOK launch criticism
Alexis Tsipras used a special event in Thessaloniki on Wednesday evening to present the four-year economic programme of the Greek Left Alliance (ELAS), the first full policy platform the party has put before voters since its launch in May.
Greece facing period of renewed tension with Turkey in Aegean
The latest escalation in Greek–Turkish relations is being assessed in Athens with growing concern — not because officials believe a confrontation is necessarily imminent, but because Ankara is gradually reintroducing almost all the issues that had been kept at relatively low intensity since the February 2023 earthquakes and the subsequent Athens Declaration.
FEDS Paper: Linear and Nonlinear Econometric Models versus Machine-Learning Models: Evidence from Realized-Volatility Forecasting(Revised)
Rehim KilicThis paper examines which representations of persistence and nonlinearity are most useful for forecasting realized volatility and whether machine learning adds value beyond econometric models designed for long memory and regime dependence. We compare HAR, ARFIMA, threshold HAR, smooth-transition HAR, and Markov-switching HAR with XGBoost and several neural-network models for the S&P 500 and 40 U.S. equities.
Andy Burnham announces thousands of new homes, but is the government much closer to its target?
Andy Burnham recently announced 70,000 new homes Fred Duval / ShutterstockPrime Minister Andy Burnham has promised the largest council house building programme since the immediate post-war period, pledging more than £9 billion of investment.
The lesson Canada’s prime minister learned from Brexit is helping in its trade rift with US
The trade conflict between Canada and the United States is heating up and has moved beyond rhetoric. After the latest round of negotiations failed, the US imposed 50% tariffs on around C$27.6 billion (£14.68 billion) of Canadian goods on August 22. Canada is responding swiftly with dollar-for-dollar retaliation to take effect on September 8.
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