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North Korean leader Kim Jong Un with his daughter Kim Ju Ae at a banquet in Pyongyang, North Korea.

North Korea's Korean Central News Agency (KCNA) via Reuters Connect

Hard Numbers: North Korea bans a name, US inflation stays warm, aid trucks cross into Syria, Ukrainians freeze sperm

0: The number of North Korean girls who are allowed to have the same name as Supreme Leader Kim Jong Un’s daughter Kim Ju-Ae is now, reportedly, zero. Young Ju Ae, who is thought to be around 11 years old, has recently been in the spotlight inspecting weapons with her dad and appearing on postage stamps.

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A man counts Lebanese pound banknotes at an exchange shop in Beirut, Lebanon.


Hard Numbers: Lebanon devalues lira even more, Adani calls off share sale, Fed slows hiking pace, radioactive capsule found in Oz, Philippines opens more bases to US

90: Lebanon has devalued its currency by — wait for it — 90% as a condition for securing an IMF bailout for what remains of the country's battered economy. Although the central bank says this is a first step toward unifying the multiple exchange rates the Lebanese people use for different transactions, the new official value of the lira is still far above the black market rate that most people actually pay.

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Hordes of shoppers throng the Macy's Herald Square flagship store in New York on Black Friday.

Levine-Roberts/Sipa USA via Reuters Connect

Exclusive polling data: Is inflation turning Americans into Grinches?

We’re excited to unveil a new exclusive polling partnership with the survey firm Maru Public Opinion. First up: How much are Americans reaching for their wallets this holiday season?


'Tis the season for gingerbread, gelt, and glee. But after a year of unwinding from pandemic-related supply chain issues amid four-decade-high inflation and a war in Ukraine, just how festive are we feeling with our pocketbooks?

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Luisa Vieira

Why US partisan gridlock might be good for the economy, stupid

Thirty years ago, Democratic strategist James Carville had a simple message to get Americans to vote for Bill Clinton: "It's the economy, stupid."

Rather than ideology, Carville believed most voters picked candidates over their perceived ability to handle bread-and-butter economic issues. By putting money in their wallets, you're more likely to get votes from independents and moderates — crucial for winning tight state races.

Yet, in 2022 it's Republicans who are channeling their inner Carville to woo voters for a midterm election in which the GOP is favored to win control of the House, and perhaps the Senate too.

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US inflation slows a bit


The Graphic Truth: US inflation slows a bit, but ...

The US inflation rate for August was released on Tuesday and the figures are sure to cause anxiety in the White House. Overall, the consumer price index, which measures a range of consumer prices, rose 8.3% from the same time last year – 0.2% more than many economists anticipated – though it’s down from 8.5% in July and 9.1% in June.

Indeed, the latest findings surprised many analysts who predicted that the drop in US gas prices in recent months – down from $5 a gallon in June to a current national average of $3.70 – is a sign that the economy is cooling across the board.

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What We Need To Know To Fix US Inflation | Economist Austan Goolsbee | GZERO World

What we need to know to fix US inflation

The recipe to fixing inflation depends on whether you see it as a demand or supply problem, economist and University of Chicago professor Austan Golsbee tells Ian Bremmer on GZERO World.

If inflation is being driven by too much stimulus, as economist Larry Summers believes, then the Federal Reserve is doing the right thing by raising interest rates to cool demand, Goolsbee explains. But if inflation is mostly due to the war in Ukraine or supply chain disruptions, rate hikes might result in stagflation.

US inflation is at a 40-year high and is therefore drives the perception among Americans that the economy is bad.

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Ask An Economist: How to Lower Inflation | GZERO World

Ask An Economist: How to lower inflation

US inflation is now at a 40-year high. So, what are we going to do about it?

That depends on where you think the problem is coming from, American economist and University of Chicago professor Austan Goolsbee says on GZERO World with Ian Bremmer.

If inflation is being driven by too much stimulus, like some economists such as Larry Summers believe, Goolsbee believes the Federal Reserve is doing the right thing by raising interest rates to cool demand. But if inflation is mostly due to the war in Ukraine or supply chain disruptions, rate hikes might result in stagflation.

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Trump & Biden Spent Too Much On COVID Stimulus, Says Austan Goolsbee | GZERO World

Trump & Biden spent too much on COVID stimulus, says Austan Goolsbee

The brief recession the US economy experienced during the pandemic was arguably the weirdest one ever.

Why? Because it was "an unprecedentedly steep downturn [followed by] an unprecedentedly rapid comeback," says economist and University of Chicago professor Austan Goolsbee tells Ian Bremmer on GZERO World.

What's more, that recession was driven by less demand for theoretically recession-proof services instead of stuff like goods and real estate.

And then there was the government response.

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