@ISIDEWITHQuestionseconomy11yrs ago

Should the government use economic stimulus to aid the country during times of recession?

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Answer Overview

Response rates from 1.2k Israel voters.

82%
Yes
18%
No
72%
Yes
14%
No
3%
Yes, but in the form of tax breaks for all citizens
3%
No, and the government should drastically reduce spending during recessions
2%
Yes, the government should intervene to boost a recovery
2%
No, recession is a natural cycle that purges excess
2%
Yes, but in the form of assisting sectors most heavily hit by the recession
1%
Yes, but in the form of increased spending on infrastructure
1%
Yes, but in the form of tax breaks for low income citizens
1%
Yes, and collectivize all industry

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  @lemans3427 from California submitted…11mos11MO

Commercial Real Estate Crisis Threatens Global Economy

Recent global events have sparked fears of a commercial real estate crisis in Europe, mirroring situations in Japan and the US. Notably, Deutsche Pfandbriefbank AG faces significant downturns due to the real estate market's weakness.The past week has witnessed significant downturns in the stock values of several banks worldwide, particularly those with substantial exposure to commercial property loans. Mirroring unsettling developments in Japan and the United States, Europe is now facing the prospect of an emerging commercial real estate crisis. Some senior officials at the European Central Bank say Germany will inevitably be a special focus as they examine CRE risks at banks across the region.“There is more pain to come in real estate valuations, so what does that mean for lenders and does that mean there is the potential for a crisis?”German banks have the most commercial real estate loans in the European Union, along with their French peers, but they have classified a relatively small portion of those loans as non-performing. Recently, however, that share has been rising while it declined in several other countries.“This is definitely not just a US problem,” said Valeriya Dinger, a professor of economics at Germany’s University of Osnabrueck. “I wouldn’t be surprised if we see a wave of loan loss provisions for German banks on their domestic commercial real estate exposure,” she said, even if there’s no systemic risk.German property values are particularly vulnerable to higher borrowing costs because capitalization rates — or the potential return on a real estate investment — were pushed lower there than in other markets during the cheap money era. That reflected in part the fact that yields on German government bonds, a benchmark for investors, were negative at the time.

 @ISIDEWITH submitted…11mos11MO

China Creates A Global Economic Shock

The first China shock came after a series of liberalizing reforms in China in the 1990s and its accession to the World Trade Organization in 2001. For U.S. consumers, this brought considerable benefits. One 2019 paper found that consumer prices in the U.S. for goods fell 2% for every extra percentage point of market share grabbed by Chinese imports, with the biggest benefits felt by people on low and middle incomes. But the China shock also piled pressure on domestic manufacturers. In 2016, Autor and other economists estimated that the U.S. lost more than two million jobs between 1999 and 2011 as a result of Chinese imports, as makers of furniture, toys and clothes buckled under the competition and workers in hollowed-out communities struggled to find new roles. A sequel of sorts appears to be under way. China’s economy expanded 5.2% last year, a subdued rate by its standards, and is expected to slow further as a drawn-out real-estate crunch crushes investment and consumers rein in spending. Capital Economics, a consulting firm, thinks annual growth will slow to around 2% by 2030. Beijing is seeking to engineer an economic turnaround by plowing money into factories, especially for semiconductors, aerospace, cars and renewable-energy equipment, and selling the resulting surplus abroad. Protectionism might shift some of the deflationary impact to other parts of the world, as Chinese exporters look for new markets in poorer countries. Those economies could see their own fledgling industries shrivel in the teeth of Chinese competition, much as the U.S. did in an earlier era.

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 @ISIDEWITH submitted…19hrs19H

Trump Demands List of All January 6 FBI Agents

FBI has provided the Justice Department with details of roughly 5,000 employees who worked on January 6 investigations, including employee IDs and job roles.Acting Deputy AG Emil Bove issued a memo titled "Terminations" demanding this information with a Tuesday deadline, following his earlier firing of eight senior FBI officials.Elon Musk representatives have been spotted at FBI headquarters as part of Trump's new Department of Government Efficiency (DOGE).Several FBI employees have filed a class-action lawsuit against the Justice Department, claiming constitutional and privacy law violations.The lawsuit alleges the data collection is meant to intimidate FBI personnel and discourage reporting of future Trump-related malfeasance.Agents were required to complete surveys detailing their involvement in January 6 cases, including arrests, grand jury work, and trial testimony.The initiative has faced resistance from agents working with new administration officials on cultural changes at FBI headquarters.FBI Director nominee Kash Patel promised during Senate testimony that agents wouldn't face political retribution.Agent groups have reached out to congressional Republicans seeking protection from political retaliation.The submitted information covers about 5,000 employees out of more than 38,000 total FBI personnel.

▲  248 replies

 @ISIDEWITH submitted…11hrs11H

Congress Calls Trump's Gaza Plan "Bizarre And Incoherent"

Trump proposed unprecedented U.S. control of Gaza Strip during a White House press conference with Netanyahu, suggesting "long-term ownership" that could last 10-15 years.The plan calls for nearly two million Palestinian residents to permanently relocate to neighboring countries, marking a dramatic shift from decades of U.S. policy.Congressional leaders from both parties expressed skepticism, with even Trump ally Lindsey Graham calling the proposal "problematic."Middle East experts, including former Palestinian Authority advisor Khaled Elgindy, criticized the plan as "bizarre and incoherent."White House officials argue mass relocation is the only viable option and seek to convince Egypt and Jordan to accept displaced Palestinians.The administration estimates Gaza reconstruction would take 10-15 years, far longer than the 3-5 years outlined in cease-fire agreements.The proposal lacks clear details on how to handle Palestinian resistance to relocation or potential U.S. military deployment.Saudi Arabia immediately rejected the plan, stating it wouldn't normalize ties with Israel without a clear path to Palestinian statehood.Trump expressed uncertainty about the current cease-fire's durability while presenting his proposal.The plan faces significant implementation challenges and could complicate other regional objectives, including Israel-Saudi normalization efforts.

▲  1019 replies

 @ISIDEWITH submitted…22hrs22H

Jon Stewart Begs Democrats To ‘Please Stop Trotting Out Chuck Schumer!'

Jon Stewart criticized Democrats for repeatedly using Chuck Schumer as their spokesperson against Trump, calling his performances ineffective and monotonous.Stewart mocked Schumer's response to Trump's trade war threats, particularly his simplistic explanation about Mexican imports like Corona beer and avocados.The former Daily Show host expressed frustration at Schumer's basic observation that "guacamole is made of avocados" as a response to complex trade policy issues.Stewart sarcastically highlighted the Democrats' poor strategic choice in selecting Schumer to counter Trump, whom he described as "one of the most savvy presidential media manipulators in history."The comedian ridiculed Schumer's appearance and presentation style, particularly mocking his use of reading glasses positioned low on his nose.Stewart's criticism centered on the Democratic leadership's judgment in repeatedly choosing an "uninteresting" and "monotone" spokesperson.The commentary addressed Trump's threats of tariffs against Canada and Mexico, though focused more on the Democratic response than the policy itself.Stewart used hyperbole to emphasize his point, stating that Schumer's speaking makes him "want to bomb Canada."The piece highlighted the perceived disconnect between Democratic messaging strategy and effective opposition to Trump's policies.Stewart's criticism suggested a broader frustration with Democratic leadership's media strategy and public presentation.

▲  4817 replies