Iraq's prized rice crop threatened by drought

Drought is threatening the Iraqi tradition of growing amber rice, the aromatic basis of rich lamb and other dishes, and a key element in a struggling economy.

Not all banking crises involve panics: study

A banking crisis is often seen as a self-fulfilling prophecy: The expectation of bank failure makes it happen. Picture people lining up to withdraw their money during the Great Depression or customers making a run on Britain's ...

Pandemic sends US single mothers into poverty

When the coronavirus pandemic shuttered restaurants in California, Aleida Ramirez lost her job as a waitress, plunging her—along with many other single mothers—into a vicious cycle of poverty, unpaid bills and reliance ...

Unconventional monetary policy and bank risk taking

Unconventional monetary policy does not lead to greater risk-taking by banks, according to new research. This will be welcome news for central banks and policymakers as they ramp up efforts to limit the economic fallout of ...

Pandemic shows central banks may be better off working together

A new University of Missouri Trulaske College of Business study suggests that when different countries make similar economic decisions during financial crises, the global economy improves much more quickly than if they act ...

How is COVID-19 affecting the global economic order?

Supply chains collapse, companies are facing bankruptcy, and mass unemployment ensues. Covid-19 has triggered a global financial crisis and is forcing states to develop rescue packages on a scale not seen before. In addition, ...

COVID-19's historic economic impact in the U.S. and abroad

More than 2.1 million people around the world have become infected with COVID-19, and more than 140,000 people have died from the disease. The United States, now approaching 650,000 infections, is the new epicenter of the ...

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