Ricardo's threads | Nothing contributes so much to the prosperity and happiness of a country as high profits

Monetary policy transmission through cross-selling banks

11/10/2025 European Central Bank Central banks

Banks trade off short-term losses on deposits against long-term profits from cross-selling other products to new depositors. This strategy is especially attractive when policy rates are low and future sales are more valuable. Therefore, deposit rates move less than policy rates: banks keep them relatively higher when policy rates fall, and relatively lower when policy rates rise. As returns on other financial assets follow policy rates more closely, this makes deposits relatively less attractive for depositors at higher policy rates.

Hungry for Development: The leadership of the Global South from G20 to COP30

11/09/2025 Ineteconomics Analysis

Since 2007, recurring food-price spikes reveal hunger as a problem of market design and underinvestment, not scarcity. With Brazil’s COP30 on the horizon, aligning climate commitments with food systems could cement policy space to manage markets and advance the right to food.

What to know as hundreds of flights are grounded across the US – an air travel expert explains

11/07/2025 The Conversation USA

Passengers walk through the Ronald Reagan Washington National Airport on Nov. 7, 2025. Anna Moneymaker/Getty ImagesMajor airports across the United States were subject to a 4% reduction in flights on Nov. 7, 2025, as the government shutdown began to affect travelers.

Elon Musk’s latest power grab: Will Tesla’s CEO become the world’s first trillion-dollar employee?

11/07/2025 Ineteconomics Analysis

Elon Musk secured shareholder approval for a new stock-based package designed to double his voting power at Tesla, potentially making him the first trillion-dollar employee. As this plan cements Musk’s control it ties vesting to audacious market-cap and production targets and diverts focus from progressive value creation. Musk’s governance, layoffs, and politicization could imperil Tesla’s EV leadership and ambitions in AI and robotics.
Elon Musk is, once again, taking stock

National 211 hotline calls for food assistance quadrupled in a matter of days, a magnitude typically seen during disasters

11/07/2025 The Conversation USA

Sharp spikes in calls for food assistance are rare outside of natural disasters. AP Photo/Eric GayBetween January and mid-October 2025, calls to local 211 helplines from people seeking food pantries in their community held steady at nearly 1,000 calls per day.

How the China-US trade war could push up the cost of British chicken dinners

11/07/2025 The Conversation UK

Until the end of October, China had refused to purchase a single soya bean from the US’s 2025 harvest. It usually spends tens of billions of dollars on the crop, which is a key ingredient in animal feed, so the boycott hit US farmers hard – and affected food systems far beyond US and Chinese borders.

Who gets SNAP benefits to buy groceries and what the government pays for the program – in 5 charts

11/07/2025 The Conversation USA

Some 42 million Americans rely on SNAP benefits to put food on the table. Robert Nickelsberg/Getty Images NewsThe Supplemental Nutrition Assistance Program has helped low-income Americans buy groceries for decades with few disruptions.

Minutes of the SONIA Stakeholder Advisory Group - 22 October 2025

11/07/2025 Bank of England Central banks

The SONIA Stakeholder Advisory Group supports the Bank’s administration of SONIA by providing advice and technical input to the Bank and the SONIA Oversight Committee

Update to Level A pricing in the Indexed Long-Term Repo Operation - Market Notice 7 November 2025

11/07/2025 Bank of England Central banks

This Market Notice confirms that the previously announced increase to the minimum spread over Bank Rate on bids against Level A collateral in the Indexed Long-Term Repo (ILTR) operation will take effect from 17 November 2025.

Collateral easing in non-standard times: a review of the role of Additional Credit Claims in the Eurosystem collateral framework

11/06/2025 European Central Bank Central banks

In this paper we explore the role of the temporary and country-specific Additional Credit Claims (ACC) frameworks as a monetary policy implementation tool. We discuss their evolution and provide a novel and detailed description of all ACC measures adopted by the different euro area NCBs since 2012. Reviewing the literature, we document the channels through which ACCs contributed to liquidity distribution during the euro area sovereign debt crisis, the negative interest rate period and the pandemic.

Pages